自主创新持续发力，机构看好AI端侧和国产化方向

Group 1 - The A-share market opened slightly lower on June 23, with the Shanghai Composite Index at 3349.46 points, down 0.31%, the Shenzhen Component at 9950.14 points, down 0.55%, and the ChiNext Index at 1996.96 points, down 0.64% [1] - The semiconductor sector showed resilience, with the recently popular Sci-Tech Semiconductor ETF (588170) rising over 2.2% during the session, driven by strong performances from stocks like Zhongke Feimiao, Tuojing Technology, and SMIC [1] - China Galaxy Securities anticipates a continued divergence in demand, favoring AI edge applications and domestic production, projecting a 14.4% year-on-year growth in global semiconductor sales by April 2025 [1] Group 2 - The Sci-Tech Semiconductor ETF (588170) tracks the Shanghai Stock Exchange Sci-Tech Board Semiconductor Materials and Equipment Theme Index, encompassing hard-tech companies in the semiconductor equipment and materials sectors [2] - The semiconductor equipment and materials industry is a crucial area for domestic substitution, characterized by low domestic replacement rates and high ceilings for domestic alternatives, benefiting significantly from the expansion of semiconductor demand driven by the AI revolution and technology mergers and acquisitions [2]