On September 16, Shanghai Securities released a research report which referenced a SEMI report. According to the SEMI report, in the second quarter of 2025, global semiconductor equipment shipments soared to USD 33.07 billion, representing a 24% year-on-year surge. Within this figure, sales in Mainland China hit USD 11.36 billion. Although there was a 2% year-on-year decrease, there was an 11% sequential rise. Mainland China continues to solidify its status as the world's largest semiconductor equipment market, holding roughly a 34.4% market share. As indicative products hit the market, the Micro LED chip market is projected to see a steady expansion in its market value, potentially climbing to USD 461 million by 2029. Micro LED technology is steadily making its way towards commercialization across various industries, such as television, smartwatches, and automotive displays. Each new product launch signifies a significant technological leap. Shanghai Securities holds the view that the electronic semiconductor industry could experience an all-round recovery in 2025. The competitive landscape within the industry is expected to speed up its optimization process. Moreover, the industrial profit cycle and the profits of relevant companies are forecast to keep rebounding. As a result, Shanghai Securities maintains an 'overweight' rating for the electronics industry.