Since the third quarter, top foreign institutions have continued to pay attention to the A-share market, and have shown great interest in the semiconductor sector in particular. Well-known institutions such as Temasek, Sequoia Capital, BlackRock, Goldman Sachs, and Morgan Stanley frequently appear in the research lists of many semiconductor listed companies. Semiconductor companies such as Montage Technology, Espressif Systems, and Shengmei Shanghai have become the focus of foreign institutions. Temasek, Goldman Sachs and other institutions have intensively researched Montage Technology, focusing on understanding its strategic layout in the era of artificial intelligence; Espressif Systems has attracted research from many institutions including BlackRock, Schroders, and Nomura Investment, focusing on the sustainability of the company's performance; Shengmei Shanghai has attracted in-depth exchanges with many foreign investors such as Citi and Morgan Stanley due to its superior technology in the field of cleaning equipment. #pepe