| 茂莱光学 688502 科创 | 355.50 | 4.37% | 14.89 | | --- | --- | --- | --- | | 英唐智控 300131 盟 | 11.20 | 3.99% | 0.43 | | 波长光电 301421 融 | 96.18 | 3.94% | 3.65 | | 芯碁微装 688630 科创 器 | 118.50 | 3.69% | 4.22 | | 中船特气 688146 科创 註 | 44.83 | 3.68% | 1.59 | （文章来源：上海证券报） | 光刻胶概念盘中异动，同益股份（300538）"20cm"涨停，凯美特气涨停，北方华创、新莱应材、茂莱光学、张江高科等跟涨。 | | --- | | | | | | O | | --- | --- | --- | --- | --- | | | | | 10:31 20.71 | 10 | | 分时博弈 5.168 | 超大:5.168大户:- 0.515中户:- 2.135 小户:- 2.517 | | 10:31 20.71 | 95 | | | | | 10:31 20.71 | 131 | | | | ...

11月18日，三大指数震荡走低，芯片产业链逆势走强。上游半导体设备ETF（561980）盘中拉涨 2.25%，成份股北方华创涨超5%，长川科技、中微公司涨超3%，芯源微、中科飞测、拓荆科技、华海 清科涨超2%，盛美上海、中芯国际等多股拉升。 此外，西部证券还指出，2026年存储领域有望迎来"价格周期"和"产品迭代周期"共振，资本开支有望超 预期高斜率增长，或将带动设备公司订单持续增长。中长期AI浪潮下，算力和高性能存储国产自主可 控仍需较长时间和较大投入去追赶，将有望继续支撑行业资本开支维持较高水位；继续坚定看好半导体 晶圆制造、设备、材料、零部件国产自主可控大趋势。 根据中证指数官网，半导体设备ETF（561980）跟踪中证半导，标的指数中"半导体设备+材料+集成电 路设计"三行业占比超90%，权重股覆盖中微公司、北方华创、中芯国际、寒武纪、海光信息、南大光 电等头部设备、材料和集成电路设计厂商，前十大集中度高达78%。 Wind数据显示，2025年截至11月17日，中证半导年内涨幅高达51%，区间最大上涨超过80%，在半导体 材料设备、国证芯片、中华半导体芯片、芯片产业等同类指数中均位居前列。 资金面上， ...

相关产品及截至发稿涨跌幅： 格隆汇11月18日｜今日半导体板块强势反攻，北方华创、芯源微分别涨7%、6%，寒武纪涨2%，带动科 创半导体ETF涨3.19%，芯片ETF涨2.21%。 聚焦科创板的半导体国产替代设备+材料：科创半导体ETF(588170)，+3.19%，成份股涵盖中微公司 （刻蚀设备）、拓荆科技（薄膜沉积设备）、华海清科（CMP设备）、沪硅产业（300mm硅片）、天 岳先进（碳化硅衬底）。 消息面上： 全市场规模最大的芯片行业ETF：芯片ETF(159995)，+2.27%，最新规模高达279亿元，近10日合计净流 入9.07亿元，覆盖芯片全产业链，权重股包括中芯国际、寒武纪、长电科技、北方华创等龙头股。 ①三星11月部分内存芯片价格环比上调30%-60%。中芯国际在投资者关系活动中表示目前存储行业供应 存在缺口，预计高价位态势将持续。 ②SK海力士加快设备投资进度，最快将于2025年11月开始为12层HBM4订购设备，预计将于2026年初 陆续进场。 ③长江存储在武汉新建第三座工厂，预计2027年投产，同时提升第二座工厂产能。 华金证券看好人工智能推动半导体周期向上，从设计、制造到封装测试以及 ...

南方财经11月18日电，半导体设备持续走强，北方华创涨超7%，京仪装备、芯源微、拓荆科技、中微 公司跟涨。 ...

11月18日早盘， 半导体芯片股逆势拉升。截至 09:59， 龙迅股份触及涨停，明微电子、东芯股份涨 超10%，大为股份、富满微、北方华创、灿芯股份等纷纷走强。 | 创 | | 富满微 | 36.60 | +5.45% | +1.89 | | --- | --- | --- | --- | --- | --- | | | | 300671 | | | | | 科 | | 明微电子 | 45.99 | +11.79% | +4.85 | | | | ୧୫୫୧୦୨ | | | | | SZ | | 大为股份 | 30.28 | +9.99% | +2.75 | | | | 002213 | | | | | SZ | + | 北方华创 | 421.55 | +5.21% | +20.87 | | | | 002371 | | | | | 科 | | 灿芯股份 | 118.93 | +4.77% | +5.42 | | | | 688691 | | | | | 科 | | 东芯股份 | 107.33 | +11.26% | +10.86 | | | | 688110 | | | | | 科 | | 龙迅股份 | 79 ...

半导体ETF（159813）业绩比较基准为国证半导体芯片指数收益率，管理人为鹏华基金管理有限公司， 基金经理为罗英宇，成立（2020-04-17）以来回报为60.80%，近一个月回报为-1.63%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 来源：新浪基金∞工作室 11月18日，半导体ETF（159813）开盘跌0.19%，报1.070元。半导体ETF（159813）重仓股方面，寒武 纪开盘涨0.22%，中芯国际跌0.11%，海光信息跌0.35%，北方华创跌0.19%，澜起科技跌0.33%，兆易创 新跌1.07%，中微公司跌0.87%，豪威集团涨0.01%，长电科技跌0.19%，紫光国微跌0.46%。 ...

芯片ETF基金（159599）业绩比较基准为中证芯片产业指数收益率，管理人为东财基金管理有限公司， 基金经理为吴逸，成立（2024-04-19）以来回报为98.05%，近一个月回报为-1.19%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 来源：新浪基金∞工作室 11月18日，芯片ETF基金（159599）开盘跌0.35%，报1.974元。芯片ETF基金（159599）重仓股方面， 中芯国际开盘跌0.11%，寒武纪涨0.22%，海光信息跌0.35%，北方华创跌0.19%，澜起科技跌0.33%，兆 易创新跌1.07%，中微公司跌0.87%，豪威集团涨0.01%，芯原股份跌1.15%，长电科技跌0.19%。 ...

Group 1 - The article emphasizes that the advanced packaging equipment industry is entering a golden era driven by the AI wave and domestic substitution, with significant growth opportunities arising from the demand for advanced packaging technologies [1][8]. - The global advanced packaging market is projected to grow from $46 billion in 2024 to $79.4 billion by 2030, with a compound annual growth rate (CAGR) of 37% for 2.5D/3D packaging technologies from 2023 to 2029 [7][8]. - The Chinese semiconductor packaging equipment market is expected to reach a sales revenue of 28.27 billion yuan in 2024, reflecting an 18.93% year-on-year growth [12]. Group 2 - The article discusses the rapid development of domestic semiconductor packaging equipment manufacturers in China, such as North Huachuang and Shengmei Shanghai, amidst a competitive landscape dominated by international giants [8][9]. - The demand for advanced packaging technologies is driven by the need for high-density integration and improved chip performance, particularly in AI models, data centers, and high-end consumer electronics [7][8]. - The article highlights the evolution of bonding technologies, with a significant shift towards advanced techniques that enhance integration density and performance, such as hybrid bonding and laser debonding [13][16]. Group 3 - The article outlines the critical role of various semiconductor equipment types, including thinning machines, dicing machines, and die bonders, in the advanced packaging process, emphasizing the need for precision and efficiency [27][28]. - It notes that the laser cutting technology is gaining traction due to its advantages in energy efficiency and adaptability to complex packaging requirements, with the global wafer cutting equipment market expected to grow significantly [26]. - The article also mentions the importance of surface functionalization technologies in enhancing the performance of advanced packaging, particularly in applications like chip-on-wafer and fan-out packaging [35][39].

Investment Rating - The industry investment rating is "Outperform the Market" [5][42]. Core Insights - The SW Electronics industry saw a record high in fund heavy positions in Q3 2025, with a fund heavy ratio of 22.14%, up 4.91% quarter-on-quarter and 8.15% year-on-year [1][12]. - The focus of institutional investors is on AI computing power, semiconductor self-sufficiency, and an increased interest in the storage sector [2][22]. - The semiconductor sector remains the only sub-sector with an overweight position, while the concentration of the top five heavy positions has decreased, indicating a trend towards diversification in fund allocations [3][35]. Summary by Sections Fund Heavy Positions and Overweight Ratios - The SW Electronics industry had a matching ratio of 12.42% in Q3 2025, with a slight decrease of 0.14 percentage points quarter-on-quarter but an increase of 3.47 percentage points year-on-year [1][12]. - The overweight ratio for the SW Electronics industry in Q3 2025 was 9.71%, reflecting a quarter-on-quarter increase of 1.44 percentage points and a year-on-year increase of 3.65 percentage points [1][12]. Top Heavy Positions - The top ten heavy positions in the SW Electronics industry for Q3 2025 included companies like Cambricon, SMIC, and Industrial Fulian, with a significant focus on semiconductor and AI computing power stocks [2][17]. - All top ten heavy positions experienced price increases in Q3, with Industrial Fulian, Cambricon, and Shenghong Technology showing the highest gains [2][17]. Investment Focus Areas - Institutional investors are particularly focused on AI computing power, with key players in the AI server manufacturing and domestic AI chip sectors benefiting from accelerated industry development [2][22]. - The semiconductor sector is emphasized for its self-sufficiency, with companies like SMIC and Zhongwei benefiting from domestic supply chain improvements [2][22]. - The storage sector is gaining attention, with leading storage chip manufacturer Zhaoyi Innovation seeing continuous institutional accumulation due to favorable supply-demand dynamics [2][22]. Sub-sector Allocation - Only the semiconductor sector maintains an overweight position at 6.26%, despite a decrease of 1.60 percentage points [3][31]. - The optical and optoelectronic sector has seen a slight narrowing of its underweight ratio, indicating a potential shift in investor interest [3][31]. Diversification Trends - The concentration of the top five heavy positions in the SW Electronics industry has been declining since Q1 2025, suggesting a diversification trend in fund allocations [3][35]. - The market share of the top five, ten, and twenty heavy positions in the overall fund heavy market value is 36.36%, 58.02%, and 74.73%, respectively [3][35]. Investment Recommendations - The report suggests focusing on companies within the AI computing power and semiconductor self-sufficiency sectors, as well as the storage sector, which is expected to benefit from ongoing demand and price increases [2][40][37].

芯片ETF景顺（159560）业绩比较基准为中证芯片产业指数收益率，管理人为景顺长城基金管理有限公 司，基金经理为张晓南，成立（2023-11-09）以来回报为59.95%，近一个月回报为-3.94%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 来源：新浪基金∞工作室 11月17日，芯片ETF景顺（159560）开盘跌0.19%，报1.602元。芯片ETF景顺（159560）重仓股方面， 中芯国际开盘跌1.15%，寒武纪跌0.61%，海光信息涨0.75%，北方华创跌0.14%，澜起科技涨0.09%，兆 易创新涨0.99%，中微公司涨0.00%，豪威集团涨0.30%，芯原股份涨3.08%，长电科技跌0.13%。 ...