21 January 2026 Global Semiconductor Capital Equipment China WFE Import Tracker (Dec 2025): 2025 total import $39.2bn, +3% YoY; record high Litho import in Dec Qingyuan Lin, Ph.D. +852 2123 2654 qingyuan.lin@bernsteinsg.com Stacy A. Rasgon, Ph.D. +1 213 559 5917 stacy.rasgon@bernsteinsg.com David Dai, CFA +852 2918 5704 david.dai@bernsteinsg.com December imports reached EUR 1.89Bn, the highest month ever, growing ~250% MoM and 48% YoY. Total Q4 imports of EUR 3.27Bn were up 42% QoQ and 41% YoY. This implies ...

具体来看，推动高能级科研机构、大科学设施、高校科创平台创新策源，加快相关技术成果在临港落地转化。 1月21日，由中国（上海）自由贸易试验区临港新片区管理委员会主办的"2026临港科创城大会"在上海临港中心举行。 本次大会以"创业来临港 陪伴你成长"为主题，推出"一揽子"创新举措，从科创社区建设到科创政策矩阵支持，从创业启航基金发布到科创生态地图布 局，从滴水湖青创荟启动到高成长企业发布，通过整合政府资源与市场力量，以更大决心、更强合力构建"成本更低、生态更优、成功率更高"的国际一流科 创城。 锚定"2+4+5"目标，聚焦"4+1"主导产业 大会期间，《上海市"临港科创城"建设方案》（下称《建设方案》）正式发布。 临港新片区党工委副书记吴晓华介绍，"临港科创城"将聚焦加强上海科技创新"1-10"环节，着力打造成为科技成果转化的重要承载地、新兴产业发展的 重要集聚地、新业态新模式的重要试验场和青年创业发展的理想家园，全力建设国际一流科创城。 现场启动了首批科创社区，还发布了临港青年科创基金、启航天使基金、启航国泰海通创投基金，三大创业启航基金定位互补、规模可观，为企业在不 同阶段"保驾护航"。 聚焦集成电路、民用 ...

Group 1 - A-shares showed resilience despite a significant drop in overseas markets, with major indices rising, particularly in the gold and semiconductor sectors [1][5] - The semiconductor foundry sector is strong, with companies like SMIC and Hua Hong Semiconductor seeing gains of over 4% [6] - A report from TrendForce indicates a 2.4% reduction in global 8-inch foundry capacity by 2026 due to strategic cuts by TSMC and Samsung, while demand for AI-driven power management chips remains robust, pushing average capacity utilization rates above 90% [6][7] - Chinese foundries are positioned to benefit from the demand for 8-inch chips, with significant growth in storage chip production driven by AI [7][8] Group 2 - The gold sector is also performing well, with gold prices reaching $4,880 per ounce, and the gold ETF E Fund (159934) seeing a net inflow of 15.067 billion yuan over the past year [9][11][12] - The semiconductor market is experiencing a price surge, with reports indicating a potential 40-50% increase in storage chip prices by Q1 2026, driven by a combination of consumer electronics recovery and AI demand [15][19] - TSMC's capital expenditure guidance for 2026 has been significantly raised to between $52 billion and $56 billion, indicating strong demand for high-end chips [18][19] Group 3 - SMIC reported a record monthly production capacity of 1.023 million 8-inch equivalent wafers, with utilization rates reaching 95.8% [26] - The domestic semiconductor equipment market is expected to exceed 50 billion yuan in 2026, with a compound annual growth rate of around 30% [30] - The semiconductor equipment ETF E Fund (159558) is closely tied to the semiconductor materials and equipment sectors, covering key players in the industry [32]

Group 1 - The semiconductor and chip sector experienced a significant rally, with the STAR Market chip index rising by 3.92% as of 10:14 AM on January 21, 2026, driven by strong performances from companies like Loongson Technology (up 20.00%) and Haiguang Information (up 12.46%) [1] - CITIC Securities believes that the storage chip market is currently in a price uptrend due to the explosive demand from AI and supply-side contractions, leading to a performance surge for global storage industry enterprises [1] - The construction of storage production lines and the increase in domestic production rates are expected to accelerate, creating investment opportunities in domestic semiconductor equipment and packaging/testing sectors [1] Group 2 - TSMC is projected to achieve record-high revenue in Q4 2025, with advanced process technology (7nm and below) accounting for 77% of its revenue, and 3nm process shipments reaching 28% [1] - The company anticipates a significant increase in capital expenditure for 2026, estimated between $52 billion and $56 billion, aimed at enhancing its technological advantages and capacity expansion in the high-end wafer foundry sector [1] - The ongoing demand for AI computing power is expected to strongly drive the semiconductor manufacturing sector [1] Group 3 - As of December 31, 2025, the top ten weighted stocks in the STAR Market chip index accounted for 57.76% of the index, including companies like SMIC, Haiguang Information, and Cambrian [2] - The STAR Chip ETF (588200) serves as a convenient tool for investors looking to gain exposure to the STAR Market chip sector [2] Group 4 - Investors without stock accounts can explore investment opportunities in domestic chips through the STAR Chip ETF linked fund (017470) [3]

早盘A股市场回暖，三大指数全线上涨，上证指数涨0.17%，深证成指涨0.54%，创业板指涨1.15%。科 创50ETF（588000）上涨3.46%，最新报价1.614元，盘中成交额达21.21亿元，换手率2.67%。成分股方 面，芯片股全面爆发，龙芯中科封板，海光信息涨14.07%，澜起科技上涨6.80%，中微公司上涨 3.97%，中芯国际上涨3.04%。 科创50ETF（588000）跟踪科创50指数，指数持仓电子行业70.35%，与当前人工智能、机器人等前沿产 业的发展方向高度契合。同时涉及半导体、医疗器械、软件开发、光伏设备等多个细分领域，硬科技含 量高，看好中国硬科技长期发展前景的投资者建议持续关注。 （文章来源：每日经济新闻） 产业方面，国产半导体设备领域迎来双重催化：一是中核集团自主研制首台高能氢离子注入机成功出 束，攻克功率半导体制造关键环节，打破国外垄断；二是台积电财报显示2025年Q4净利润增长35%、 毛利率62%，预计2026年资本支出达560亿美元，AI需求驱动存储芯片价格大涨。双重催化将推动国产 设备国产化加速，叠加AI驱动技术升级和产能扩张，行业或迎来'扩产周期+技术突破'黄金期 ...

截至9：55，半导体设备ETF基金(159327)上涨0.22%，盘中成交额超1700万，市场交投活跃。前十大权重股中，中微公司跌1.21%，北方华创涨0.36%，长川 科技涨1.29%，沪硅产业涨0.48%，华海清科跌0.27%，拓荆科技跌0.96%，南大光电涨0.79%，安集科技涨1.26%，中科飞测涨0.1%，芯源微跌2.22%。 数据显示，半导体设备ETF基金(159327)连续10日获资金净流入，合计"吸金"超3.9亿；最新基金规模攀升至11.25亿元，突破10亿规模大关。 "十四五"收官之际，中国国内生产总值（GDP）再次跨越关口，站上140万亿元新台阶，同比增长5%。2025年，规模以上数字产品制造业增加值比上年增长 9.3%，信息传输、软件和信息技术服务业增加值增长11.1%。"人工智能+"高速发展带动存储芯片、服务器等产品产量分别增长22.8%、12.6%。 浙商证券研报指出，AI训练与推理对显存带宽及容量的迫切需求，正驱动存储行业进入新一轮成长周期，存储产品呈现量价齐升态势。随着AI应用愈加广 泛，特别是在深度学习、图像识别、自然语言处理等数据密集型领域渗透，存储的需求呈现明显增长。 综合 ...

沪深两市数据显示，1月16日，融资净买入前十的股票分别为： 中国平安（13.32亿元）、 特变电工 （11.20亿元）、 贵州茅台（10.28亿元）、 佰维存储（6.55亿元）、 香农芯创（6.04亿元）、 新泉股份 （5.93亿元）、 中微公司（5.66亿元）、 兆易创新（4.90亿元）、 通富微电（4.83亿元）、 长电科技 （4.61亿元）。 ...

Group 1 - SMIC (688981) is the largest and most advanced wafer foundry in mainland China, mastering 14nm FinFET technology and maintaining the highest capacity in 28nm mature process domestically, providing foundry services for storage chips [1][40] - The company has received multiple rounds of funding from the National Integrated Circuit Industry Investment Fund, playing a key role in breaking overseas dependence in the domestic storage chip manufacturing sector [1][41] - SMIC also participates in setting multiple industry standards in the domestic semiconductor manufacturing field, consolidating its core voice in the industry chain [1][41] Group 2 - North Huachuang (002371) is a leading semiconductor equipment company in Beijing, providing a full range of equipment for storage chip manufacturing, including etching machines and cleaning machines [2][40] - The company has successfully entered the supply chains of domestic storage manufacturers like Yangtze Memory Technologies and Changxin Memory Technologies, breaking the monopoly of foreign manufacturers [2][41] - With the accelerated expansion of domestic storage chip capacity, North Huachuang's equipment orders continue to grow, and it is establishing new production bases in Tianjin and Yixing [2][41] Group 3 - Hua Hong Semiconductor (688347) focuses on specialty process wafer foundry and is a key player in the domestic storage chip sector, specializing in mature processes like 90nm and 55nm [3][40] - The company provides stable foundry services for domestic storage chip design companies and is expanding its specialty process production lines with support from the National Integrated Circuit Industry Investment Fund [3][41] - Hua Hong has also achieved IATF16949 certification for automotive-grade storage chip processes, enhancing its capabilities in the automotive sector [3][41] Group 4 - Zhongwei (688012) is a global leader in semiconductor etching equipment, with its 5nm etching equipment already in commercial application [4][40] - The company has entered the supply chains of major domestic storage manufacturers and has also penetrated the supply chains of international giants like TSMC and Micron [4][41] - Zhongwei's R&D team comprises over 70% of its workforce, and it holds more than a thousand patents, continuously increasing its market share in the etching equipment sector [4][41] Group 5 - Zhaoyi Innovation (603986) is a leading domestic NOR Flash company, ranking among the top three globally, and is one of the few domestic companies involved in DRAM chip design [5][40] - The company has achieved mass production of 19nm DRAM chips, filling a technology gap in the domestic market, and has established deep cooperation with Changxin Memory Technologies [5][41] - Zhaoyi Innovation has received support from the National Integrated Circuit Industry Investment Fund, focusing its R&D investments on high-end storage chips [5][41] Group 6 - Shengyi Technology (600183) is a leading domestic copper-clad laminate manufacturer, playing a crucial role in the localization of basic materials for the storage chip industry [6][40] - The company has entered the supply chains of major domestic storage packaging companies and provides raw materials to international giants like Samsung and SK Hynix [6][41] - Shengyi is expanding its production capacity in Shaanxi and Jiangsu, with its performance steadily growing alongside the increasing demand for domestic storage chips [6][41] Group 7 - Lanke Technology (688008) is a global leader in memory interface chips, with a market share exceeding 40% for DDR4/DDR5 memory interface chips [7][40] - The company has developed solutions for DDR5 memory interfaces in collaboration with Changxin Memory Technologies, promoting the commercialization of domestic storage modules [7][41] - Lanke's R&D investments focus on cutting-edge fields, extending its product layout into storage control chips [7][41] Group 8 - Shennan Circuits (002916) is a leading domestic printed circuit board manufacturer, focusing on high-end PCB and packaging substrate manufacturing [8][40] - The company has developed storage packaging substrates that meet high reliability and density requirements, entering the supply chains of major domestic storage manufacturers [8][41] - Shennan is also expanding its high-end packaging substrate production lines in Wuxi to further meet the needs of the storage industry [8][41] Group 9 - Jiangbolong (301308) is a leading domestic storage module company, focusing on promoting the application of domestic storage chips in various fields [9][40] - The company has established deep cooperation with domestic storage chip manufacturers and has launched products equipped with domestic storage chips [9][41] - Jiangbolong has acquired the global storage brand Lexar to leverage its overseas channels, increasing its international market presence [9][41] Group 10 - Xian Yicai-U (688783) is a key player in the domestic silicon wafer sector, focusing on the production of 12-inch polished wafers and epitaxial wafers [10][40] - The company has achieved mass production of 12-inch wafers, breaking the monopoly of foreign manufacturers [10][41] - Xian Yicai has received multiple rounds of investment from the National Integrated Circuit Industry Investment Fund, continuously releasing production capacity [10][41] Group 11 - Tuo Jing Technology (688072) is a leading domestic thin film deposition equipment manufacturer, with a market share exceeding 60% for PECVD equipment in domestic storage chip manufacturing [11][40] - The company has entered the supply chains of major domestic storage manufacturers and has also supplied equipment to overseas storage companies [11][41] - Tuo Jing's R&D investment exceeds 30%, continuously launching new equipment suitable for advanced 3D NAND processes [11][41] Group 12 - Shengmei Shanghai (688082) is a leading domestic semiconductor cleaning equipment manufacturer, developing advanced cleaning technologies for storage chip manufacturing [12][40] - The company has entered the supply chains of major domestic storage manufacturers and has also penetrated the supply chains of international giants [12][41] - Shengmei is building a new production base in Shanghai to further meet the equipment needs of storage chip manufacturers [12][41] Group 13 - Huarun Micro (688396) is a leading domestic power semiconductor company, providing packaging and testing services for storage chips [13][40] - The company has expanded its production lines for power semiconductors and storage packaging in Chongqing, enhancing its capabilities in the storage sector [13][41] - Huarun Micro's industrial-grade storage chips have achieved AEC-Q100 certification, enabling them to enter the automotive electronics market [13][41] Group 14 - Changchuan Technology (300604) is a leading domestic semiconductor testing equipment manufacturer, focusing on testing equipment for storage chips [14][40] - The company has entered the supply chains of major domestic storage manufacturers and has received investment from the National Integrated Circuit Industry Investment Fund [14][41] - Changchuan has acquired Singapore's STI company to enhance its competitiveness in the storage testing field [14][41] Group 15 - Changdian Technology (600584) is a global leader in semiconductor packaging and testing, providing high-end packaging services for domestic storage chip design companies [15][40] - The company has established R&D centers in Singapore and South Korea, taking on packaging orders from international giants [15][41] - Changdian has received support from the National Integrated Circuit Industry Investment Fund, continuously expanding its advanced packaging capacity [15][41]

1月19日，中微公司收涨0.49%，收盘价为379.00元，发生5笔大宗交易，合计成交量94万股，成交金额 3.26亿元。 第1笔成交价格为346.97元，成交50.00万股，成交金额17,348.50万元，溢价率为-8.45%，买方营业部为 机构专用，卖方营业部为国泰海通证券股份有限公司上海徐汇区云绣路证券营业部。 第2笔成交价格为346.97元，成交20.00万股，成交金额6,939.40万元，溢价率为-8.45%，买方营业部为机 构专用，卖方营业部为国泰海通证券股份有限公司上海徐汇区云绣路证券营业部。 第3笔成交价格为346.97元，成交20.00万股，成交金额6,939.40万元，溢价率为-8.45%，买方营业部为机 构专用，卖方营业部为国泰海通证券股份有限公司上海徐汇区云绣路证券营业部。 第4笔成交价格为346.97元，成交2.00万股，成交金额693.94万元，溢价率为-8.45%，买方营业部为机构 专用，卖方营业部为国泰海通证券股份有限公司上海徐汇区云绣路证券营业部。 进一步统计，近3个月内该股累计发生85笔大宗交易，合计成交金额为36亿元。该股近5个交易日累计上 涨7.46%，主力资金合计净流 ...

（原标题：123只股收盘价创历史新高） 沪指今日上涨0.29%，123股收盘价创历史新高。 今日可交易A股中，股价上涨的有3527只，占比64.59%，下跌的有1827只，占比33.46%，其中，涨停的有104只，跌停的有31只。 证券时报•数据宝统计显示，不含近一年上市的次新股，今日共有123股收盘价创历史新高，按所属板块看，主板有60只，创业板有30只，科创板 有28只。从行业属性来看，机械设备、电子、电力设备行业创新高的个股较为集中，分别有24只、24只、15只个股出现在名单中。 从股价表现看，收盘价创历史新高股中，今日股价平均上涨5.41%，涨停的有亿能电力、中国西电、万泽股份等，涨幅居前的有埃科光电、灿能 电力、超捷股份等。股价方面，创新高股平均股价70.83元，其中，股价超百元的有25只，50元~100元的有35只，收盘股价最高的是中微公司，今 日收盘价为379.00元，上涨0.49%，其次是兆易创新、金海通，收盘价分别为288.45元、244.06元。 资金流向上，今日创新高股主力资金合计净流入72.44亿元，其中，主力资金净流入的有76只，净流入资金居前的有特变电工、中国西电、中金黄 金等，净 ...