The semiconductor supply chain is showing strong momentum in Hong Kong trading, with memory chips and third-generation semiconductor names leading the gains.

As of the time of writing, SICC (02631) has jumped 7.93% to HK$64, while HUA HONG GRACE (01347) has gained 7% to HK$113.1. LONGSYS (09976) is up 6.8% at HK$191.7, and SMIC (00981) has risen 4.12% to HK$63.25.

On the news front, a Goldman Sachs research report indicates that driven by generative AI and local demand, China's semiconductor industry capital expenditure is projected to grow at a compound annual rate of 10% to 15% between 2026 and 2030, reaching US$82 billion by 2030. The report also forecasts that China's AI chip potential market size will achieve a 69% compound annual growth rate from 2025 to 2030, hitting US$678 billion by the end of that period.

Zhongyuan Securities notes that the semiconductor industry remains in an upward cycle, with AI serving as a key driver of growth for the sector. Notably, the Ministry of Industry and Information Technology and the National Development and Reform Commission issued the 15th Five-Year Plan for the Development of the Electronic Information Manufacturing Industry on September 15, setting a target for revenue of enterprises above a designated scale to exceed RMB 30 trillion by 2030 and explicitly advancing a full-chain push in integrated circuits. Zhongyuan Securities also emphasizes that the industry is still in an upward phase, and that AI alongside domestic substitution demand is expected to significantly benefit local memory manufacturers, helping them steadily expand market share.