Xin Lang Cai Jing·2025-06-23 04:00Core Viewpoint - The semiconductor sector in the STAR Market is experiencing positive momentum, with significant growth in the STAR Chip ETF and key stocks, driven by strong demand for AI computing power and supportive government policies [1][4][5]. Group 1: Market Performance - As of June 23, 2025, the STAR Chip Index rose by 0.76%, with notable increases in stocks such as ZTE Measurement (up 6.27%) and Zhongwei Company (up 4.60%) [1]. - The STAR Chip ETF (588200) increased by 0.82%, with a remarkable 45.58% cumulative growth over the past year as of June 20, 2025 [1][4]. Group 2: Liquidity and Trading Activity - The STAR Chip ETF recorded a turnover rate of 3.14% and a trading volume of 8.14 billion yuan [4]. - Over the past year, the ETF has maintained an average daily trading volume of 22.82 billion yuan, ranking first among comparable funds [4]. - The ETF's net inflow of funds reached 1.02 billion yuan recently, with a total of 4.41 billion yuan net inflow over the last five trading days [4]. Group 3: Fund Growth and Performance - The STAR Chip ETF's scale increased by 4.07 billion yuan in the past week, leading among comparable funds [4]. - The ETF's net asset value rose by 46.72% over the past year, ranking first among comparable funds and placing it in the top 2.69% of index equity funds [4]. - The highest monthly return since inception was 25.18%, with an average monthly return of 8.58% during rising months [4]. Group 4: Policy and Industry Outlook - The government is implementing a "1+6" policy framework to promote technological innovation, particularly in the semiconductor sector, to enhance long-term market confidence [5]. - The demand for AI computing power is expected to remain strong, with growth in cloud-side AI hardware infrastructure and innovations in edge AI applications [5]. - The top ten weighted stocks in the STAR Chip Index account for 57.93% of the index, with major players including SMIC and Haiguang Information [5][7].