Galaxy Securities' research report reveals that the global semiconductor industry achieved sales of US$78.9 billion in December 2025, marking a 2.7% increase from the previous month and a significant 37.1% jump year-on-year. Throughout 2025, global semiconductor sales soared to an all-time high, reaching a total of US$791.7 billion, a 25.6% surge compared to the previous year. Regionally, except for Japan, which experienced a 4.7% decline in semiconductor sales year-on-year, all other countries and regions witnessed year-on-year growth. The report highlights that AI infrastructure development will continue to be vigorous both domestically and globally in 2026, with China steadfastly pushing forward to increase localization rates. Consequently, Galaxy Securities remains bullish on investment opportunities in semiconductors and related device components, encompassing domestic computing power chips, the upward price cycle of memory chips, PCBs, semiconductor manufacturing and equipment, advanced packaging, and semiconductor materials.