CICC: Current investment expectations are unlikely to exert comprehensive pressure on the global tech industry's prosperity

36Kr reports that CICC points out that current investment expectations are not yet sufficient to pose comprehensive pressure on the prosperity of the global technology sector. However, under different competitive landscapes, the impact of supply expansion on ROE and prosperity will vary: over the next two years, the supply environment is relatively favorable, with capital returns and prosperity benefiting primarily from China's semiconductor equipment and grid equipment; global digital chip design faces significant challenges. China's optical modules, US optical modules, and PCBs may benefit in stages, while US non-ferrous metals may face temporary pressure.