CICC pointed out that current investment expectations are not enough to put overall pressure on the prosperity of the global technology industry. However, under different competitive patterns, the impact of supply expansion on ROE and prosperity will be different: the supply environment will be relatively favorable in the next two years, and the relative benefits of capital return and prosperity will mainly be Chinese semiconductor equipment and power grid equipment; what is facing a major test is global digital chip design. Chinese optical modules, American optical modules, and PCBs may benefit in stages; American non-ferrous metals may be under pressure in stages.

CICC pointed out that current investment expectations are not enough to put overall pressure on the prosperity of the global technology industry. However, under different competitive patterns, the impact of supply expansion on ROE and prosperity will be different: the supply environment will be relatively favorable in the next two years, and the relative benefits of capital return and prosperity will mainly be Chinese semiconductor equipment and power grid equipment; what is facing a major test is global digital chip design. Chinese optical modules, American optical modules, and PCBs may benefit in stages; American non-ferrous metals may be under pressure in stages.