Chip stocks moved higher against the broader market trend. As of press time, HUA HONG SEMI (01347) gained 2.2% to HK$83.55, while SMIC (00981) advanced 1.61% to HK$78.8.

On the news front, technological competition between major powers continues to escalate. On October 8, the U.S. House "Select Committee" released a significant report on China-related semiconductor export controls. On October 10, China's State Administration for Market Regulation launched an antitrust investigation into Qualcomm regarding its acquisition of Autotalks for alleged violations of antitrust laws. Also on October 10, Trump posted that he would impose 100% tariffs on China and implement new export controls on critical software products. The 2025 Bay Area Semiconductor Industry Ecosystem Expo is scheduled to be held in Shenzhen from October 15-17, with Shenzhen's Development and Reform Commission director indicating that surprises are expected.

Zheshang Securities noted that computing power has become a new engine driving the latest technological revolution and industrial transformation, making semiconductor self-sufficiency increasingly urgent. China's domestic manufacturing, semiconductor equipment, and computing chip sectors are expected to accelerate growth during this window of opportunity. Huaxi Securities pointed out that rare earth control policies now cover semiconductors for the first time, which may impact overseas chip manufacturing processes.