半导体设备板块领涨，半导体设备ETF（159516）涨超2%，连续10日净流入超3.5亿元，行业基本面强劲

Group 1 - The U.S. Department of Commerce has resumed export licenses for H20 AI chips to China, allowing NVIDIA to sell H20 GPUs and launch RTX PRO GPUs compliant with export regulations. AMD has also confirmed the resumption of MI308 chip exports to China, with applications currently under review. This easing of AI chip export restrictions is seen as a sign of reduced trade tensions between the U.S. and China, which may alleviate short-term computing power bottlenecks and boost equipment procurement expectations [1] - Several leading semiconductor equipment companies have reported significant growth in their mid-year earnings forecasts, indicating a strong industry fundamentals. Guosen Securities noted that the semiconductor industry is experiencing high prosperity, with strong AI demand and a moderate recovery in non-AI demand. TSMC's Q2 2025 revenue exceeded expectations, raising its full-year revenue growth forecast to around 30%, reflecting an overall positive industry outlook [1] - The approval of H20 chip exports to China is expected to aid domestic computing infrastructure development, benefiting related companies in the supply chain. Rockchip has launched a processor that integrates storage and computing capabilities at the edge, enhancing AI hardware performance and driving iterations in storage solutions, creating incremental market opportunities [1] Group 2 - The semiconductor equipment ETF (159516) tracks the semiconductor materials and equipment index (931743), which is compiled by China Securities Index Co., Ltd. This index selects listed companies involved in semiconductor materials and equipment manufacturing from the A-share market, covering key upstream sectors of the semiconductor industry, including silicon wafers, photoresists, and etching machines, reflecting the level of independent development in basic materials and core equipment in the domestic semiconductor industry [2] - Investors without stock accounts can consider the Guotai Zhongzheng Semiconductor Materials and Equipment Theme ETF Initiated Link C (019633) and Guotai Zhongzheng Semiconductor Materials and Equipment Theme ETF Initiated Link A (019632) [2]