The latest articles on DEV Community by xiaoxuan zhao (@zhaoxxnj_dev). https://dev.to/zhaoxxnj_dev https://media2.dev.to/dynamic/image/width=90,height=90,fit=cover,gravity=auto,format=auto/https:%2F%2Fdev-to-uploads.s3.us-east-2.amazonaws.com%2Fuploads%2Fuser%2Fprofile_image%2F3990550%2F3cd01911-c422-4d11-a451-86371553bdbf.png https://dev.to/zhaoxxnj_dev en xiaoxuan zhao Thu, 18 Jun 2026 09:23:31 +0000 https://dev.to/zhaoxxnj_dev/star-50-surged-384-to-1911-full-semiconductor-supply-chain-in-resonance-457l https://dev.to/zhaoxxnj_dev/star-50-surged-384-to-1911-full-semiconductor-supply-chain-in-resonance-457l <h2> The Signal </h2> <p>Today (June 18, 2026), China's STAR 50 Index closed at <strong>1,911.51 (+3.84%)</strong>, continuing a four-day winning streak. The semiconductor supply chain — equipment → materials → storage → foundry — moved in lockstep.</p> <ul> <li> <strong>Cambricon (+14.20%)</strong>: touched 1,540 intraday on ByteDance's rumored 50,000-unit inference chip order. Turnover rate only 3.53% — not a pump-and-dump, institutional accumulation.</li> <li> <strong>GigaDevice (+7.33%)</strong>: hit 644 intraday, nearly locked the daily limit. Up <strong>+18% in two sessions</strong>.</li> <li> <strong>Hua Hong (+8.21%)</strong>: foundry catching up, ADR discount narrowing.</li> <li> <strong>Innolight (+6.93%)</strong>: optical module leader finally broke out — I called this wrong yesterday.</li> </ul> <h2> The Core Logic </h2> <p>The Big Fund Phase III is allocating <strong>70% to equipment and materials</strong>. This isn't sentiment — equipment orders are booked through 2027. On the same day, bank ETFs fell -2.42% and broker ETFs -2.87%. Capital is rotating out of financials and into hard tech.</p> <h2> What I Got Wrong </h2> <p>I wrote last night that optical modules "won't get soup." Innolight proved me wrong with +6.93%. Getting your face slapped by the market is better than being right in silence.</p> <h2> What to Watch </h2> <p>Three levels for June 22 (next trading day after Dragon Boat Festival):</p> <ol> <li>STAR 50 holding above 1,900</li> <li>GigaDevice holding above 600</li> <li>Cambricon holding above 1,500</li> </ol> <p>All three hold → the uptrend continues.</p> <p><em>Full daily analysis with numbered, trackable predictions on Substack: <a href="https://xiaojintechdaily.substack.com" rel="noopener noreferrer">xiaojintechdaily.substack.com</a></em></p> <p><em>Cross-posted from LinkedIn. Follow for real-time updates.</em></p> semiconductor china supplychain investing