Global industry intelligenceWeek ending 18 September 2026

Semiconductors

For the week ending 18 September 2026, Semiconductors advanced 3.89% with 364 advancing, 130 declining, and 15 unchanged constituents.

Industry positioning postureWait for re-acceleration

Headline strength is not yet confirmed by the current Activity Line energy and constituent trend mix.

Industry evidence score67/100Wait

Index value2383.34

Weekly return3.89%

Measured equities509

Sibling rank6 of 12

Parent sectorTechnologyOpen the complete sector intelligence page

156 completed weeks

Semiconductors trend architecture

Price, Activity Lines, Trend Line and current Fair Value, with the recognized architecture behind each completed week.

ArchitectureDeceleration Index vs Trend4.9% 13-week persistence-12.1% Advancing participation72%

Index Value Trend Line Fair Value Activity Lines Constructive Transition Defensive

Positioning and relative evidence

Is Semiconductors earning a place in the portfolio?

Technical evidence determines the posture. Sentiment remains a separate confirmation layer.

Current posture

Wait for re-acceleration

Headline strength is not yet confirmed by the current Activity Line energy and constituent trend mix.

Defensive67/100Position

Sentiment held separateQualified news coverage is too thin to alter the technical positioning view.

Five-pillar evidence

Quality of the positioning case

Trend

Breadth

Persistence

Relative

Risk quality

Parent-relative performance

Returns versus Technology

Composite rank 6 of 12

1 week3.9%2.4 pts

4 weeks3.6%3.0 pts

13 weeks-12.1%-8.7 pts

26 weeks30.1%20.0 pts

52 weeks50.5%43.5 pts

Relative leadership path

Semiconductors versus Technology

Weakening

Evidence ledger

Confirmation and conflict

+The index remains above a constructive Trend gate.

+Constituent trends show positive multi-horizon persistence.

+Medium-term relative returns and peer standing remain constructive.

!Breadth remains too narrow or inconsistent for a high-conviction position.

!The current 13-week parent-relative trend is weakening.

!Activity Line energy is decelerating despite the positive Trend gate.

!The index is extended well above current Fair Value, increasing chase risk.

Decision boundaries

What would change the posture?

1A completed weekly reclaim of 2,271.27, the higher of Trend Line and Fair Value, would improve the structural case.

2Breadth holding above 55% for several completed weeks would show that repair is spreading.

3Positive 13 and 26-week relative performance would confirm that capital is rotating into the group.

Trend state and durability

Architecture, persistence and constituent regimes

The industry index path is tested against the securities beneath it.

Index architecture

Deceleration

10 weeks

The positive Trend gate remains, but fan energy or fast-line momentum is cooling.

Trend gateUpFan width2.88%Accepted above fan0%Accepted below fan50%

Six completed weeks of price acceptance relative to the full Activity Line fan.

Index persistence

Positive regime, shorter trend weakening

75% agreement

The long trend remains positive, but the 13-week horizon has turned against it.

13-week

-12.1%

26-week

30.1%

39-week

47.7%

52-week

50.5%

Regime age65 weeks52-week flips052-week boundary1583.13

Constituent trend persistence

How broadly durable is the move?

83% coverage

71%positive

Coherent positive16%

Coherent negative14%

Horizon agreement78%

Weakening positives215

Repairing negatives13

420 constituents measured as of 18 Sep 2026.

Custom stage map

Where covered constituents sit in the cycle

93% coverage

36%Stage 2

Stage 1 Basing7%32

Stage 2 Advancing36%169

Stage 3 Distribution24%114

Stage 4 Declining33%157

Re-acceleration13Transition watch33Fair Value repairs17

Stage coverage is shown explicitly and is not substituted for full-universe persistence coverage.

Geographic diffusion

Where Semiconductors strength is developing

Country returns, participation and Trend position show whether the global result is widely shared or locally concentrated.

Countries measured1624 represented in the full universe

Positive countries11 / 16Latest weekly return above zero

Above Trend Line69%11 country indexes

Return dispersion3.86 ptsCross-country opportunity and divergence

Asia Pacific7.09%

7 countries · 192 equities · 38% of measured coverage

Participation90%Countries above Trend57%

Other markets4.08%

1 countries · 150 equities · 29% of measured coverage

Participation79%Countries above Trend100%

Latin America0.88%

2 countries · 23 equities · 5% of measured coverage

Participation59%Countries above Trend100%

North America-0.24%

2 countries · 95 equities · 19% of measured coverage

Participation49%Countries above Trend50%

Europe-0.86%

4 countries · 37 equities · 7% of measured coverage

Participation38%Countries above Trend75%

Country evidence map

Return, breadth and trend condition

Minimum 3 constituents

8 thin country slices are excluded from comparative conclusions. Their securities remain in the global index.

Country leadership

Strongest confirmed tapes

🇨🇳China116 equities8.95%

🇰🇷South Korea6 equities8.57%

🇭🇰Hong Kong26 equities6.18%

🇹🇼Taiwan150 equities4.08%

🇯🇵Japan22 equities3.74%

🇹🇭Thailand11 equities2.85%

Country pressure

Weakest current tapes

🇫🇷France3 equities-5.79%

🇨🇭Switzerland3 equities-3.57%

🇲🇾Malaysia7 equities-1.06%

🇺🇸United States69 equities-0.65%

🇩🇪Germany12 equities-0.37%

🇦🇹Austria19 equities0.04%

Sibling industry comparison

Where Semiconductors sits inside Technology

Relative strength, acceleration and participation separate durable leadership from a one-week move.

Composite rank6 / 12 Leading1 Lagging2 Above Trend9 / 12 Return dispersion1.50 pts

Competitive-set rotation

Is this industry gaining or surrendering leadership?

Bubble size shows constituents

Improving

Leading

Lagging

Weakening

13-week relative strength4-week acceleration Semiconductors53 Semiconductor Equipment & Materials46 Electronic Components60 Computer Hardware64 Communication Equipment47 Scientific & Technical Instruments32 Software - Infrastructure65 Software - Application65 Information Technology Services66 Consumer Electronics47 Electronics & Computer Distribution45 Solar0

Sibling ranking

Momentum with confirmation

Information Technology ServicesWeakening · 50% participation

66 2

Software - InfrastructureWeakening · 52% participation

65 3

Software - ApplicationWeakening · 50% participation

65 4

Computer HardwareLeading · 63% participation

64 5

Electronic ComponentsImproving · 67% participation

60 6

SemiconductorsImproving · 72% participation

53 7

Communication EquipmentImproving · 52% participation

47 8

Consumer ElectronicsWeakening · 53% participation

47 9

Semiconductor Equipment & MaterialsImproving · 63% participation

46 10

Electronics & Computer DistributionWeakening · 44% participation

45 11

Scientific & Technical InstrumentsLagging · 56% participation

32 12

SolarLagging · 36% participation

Market internals and risk

Participation, momentum and payoff shape

The headline index is tested against participation, volatility, drawdown and the distribution of security returns.

Advancing participation71.5%31.1 points versus recent baseline

13-week positive weeks38%Index-level hit rate

Annualised volatility28.6%52-week index return volatility

Current drawdown-12.1%From the 52-week index high

156-week max drawdown-20.7%Peak-to-trough index decline

Breadth impulse

Net advancing participation

Range -100 to +100

Trend momentum

Trend Line rate of change

Positive or negative slope

Security return distribution

What the headline return conceals

509 equities

Average loser-4.07%

Average winner+6.96%

Median equity3.41%The middle security, less sensitive to extreme movers

Interquartile range-0.16% to 7.76%The central half of the universe

Security dispersion7.18 ptsCross-sectional opportunity and stock-selection risk

News and price confirmation

Does company news confirm the Semiconductors tape?

Open sentiment intelligence

Qualified sentiment coverage for this industry is still building.

Security leadership

The equities driving the result

Weekly leaders and laggards reveal whether the index move is broad, concentrated or vulnerable to reversal.

Leadership

Strongest weekly contributors

9903Shanghai Iluvatar CorexHK35.27%017900AUK Corp.KR33.16%6168Harvatek CorporationTW31.92%6103Avid Electronics Corp.TW28.55%3094Davicom Semiconductor, Inc.TW26.41%688261Suzhou Oriental Semiconductor Company LimitedCN25.01%

Pressure

Weakest weekly contributors

5314Myson Century, Inc.TW-27.64%2726Epiworld International Co., Ltd.HK-22.09%MOBXMobix Labs IncUS-16.78%IPWRIdeal Power IncUS-15.87%PRSOPeraso IncUS-15.09%ALKALKalray S.A.FR-11.60%

Latest week

Full global industry tape

Showing 1-30 of 509, sorted by weekly return.

Ticker Company Market Open High Low Close Return

9903 Shanghai Iluvatar Corex HK · HKG 101.27 147.70 97.00 140.50 35.27%

017900 AUK Corp. KR · KSC 7,790.00 11,650.00 7,700.00 10,520.00 33.16%

6168 Harvatek Corporation TW · TAI 28.85 38.85 28.55 38.85 31.92%

6103 Avid Electronics Corp. TW · TWO 31.30 38.95 29.35 38.95 28.55%

3094 Davicom Semiconductor, Inc. TW · TAI 40.45 51.70 40.35 51.70 26.41%

688261 Suzhou Oriental Semiconductor Company Limited CN · SHH 64.50 84.79 63.05 81.37 25.01%

0600 Axera Semiconductor Co Ltd HK · HKG 18.25 22.90 16.50 22.34 24.25%

688711 Macmic Science&Technology Co.,Ltd. CN · SHH 23.06 30.05 22.88 29.32 24.18%

688147 Jiangsu Leadmicro Nano-Equipment Technology Ltd CN · SHH 98.00 122.07 95.60 122.00 23.44%

3437 Advanced Optoelectronic Technology Inc. TW · TAI 17.90 22.35 17.50 22.35 23.14%

688620 Guangzhou Anyka Microelectronics Co., Ltd. CN · SHH 14.63 18.30 14.27 17.99 22.71%

300671 Shenzhen Fine Made Electronics Group Co., Ltd. CN · SHZ 49.63 61.70 48.73 60.54 20.60%

688130 Hangzhou SDIC Microelectronics Inc. CN · SHH 21.42 26.31 21.32 25.80 19.39%

688381 Dioo Microcircuits Co., Ltd. Jiangsu CN · SHH 35.00 43.16 34.21 42.19 19.28%

000990 DB HiTek CO., LTD. KR · KSC 107,300.00 131,400.00 106,500.00 126,100.00 19.19%

300613 Shanghai Fullhan Microelectronics Co., Ltd. CN · SHZ 66.05 80.50 65.01 79.80 19.12%

3310 VIEWTRIX TECH HK · HKG 24.08 30.30 23.10 28.56 18.31%

4923 Force MOS Technology Co., LTD. TW · TWO 51.00 60.80 50.50 60.80 17.60%

6908 HG Semiconductor Limited HK · HKG 0.239 0.315 0.239 0.28 17.15%

1304 Fortior Technology (Shenzhen) Co., Ltd. HK · HKG 115.40 135.40 112.80 135.00 16.88%

3443 Global Unichip Corp. TW · TAI 5,995.00 7,150.00 5,850.00 7,150.00 16.83%

8227 Progate Group Corporation TW · TWO 240.50 281.00 235.00 279.00 16.74%

002134 Tianjin Printronics Circuit Corporation CN · SHZ 22.90 27.10 22.27 27.10 16.71%

3264 Ardentec Corporation TW · TWO 225.00 268.50 220.00 268.50 16.49%

688653 Kangxi Communication Technologies (Shanghai) Co., Ltd. CN · SHH 13.27 15.20 13.02 15.05 16.31%

688662 Guangdong Fuxin Technology Co., Ltd. CN · SHH 81.00 96.50 78.50 95.90 16.02%

300661 SG Micro Corp CN · SHZ 106.50 127.47 104.37 125.13 15.88%

BEAMMW-B BeammWave AB (publ) SE · STO 13.70 16.20 12.74 15.86 15.77%

6257 Sigurd Microelectronics Corporation TW · TAI 206.00 244.50 204.00 244.50 15.60%

GIGA80 GigaDevice Semiconductor Inc. TH · SET 18.70 22.00 17.80 22.00 15.18%