Mei Ri Jing Ji Xin Wen·2025-07-30 01:33Market Performance - As of July 29, the Shanghai Composite Index rose by 0.33% to close at 3609.71 points, the Shenzhen Component Index increased by 0.64% to 11217.58 points, and the ChiNext Index surged by 1.86% to 2406.59 points [1] - The Kweichow Moutai Semiconductor ETF (588170) increased by 1.85%, reaching a new high for the year during intraday trading, while the Semiconductor Materials ETF (562590) rose by 1.03% [1] - In the overnight U.S. market, the Dow Jones Industrial Average fell by 0.46%, the S&P 500 decreased by 0.3%, and the Nasdaq Composite dropped by 0.38% [1] Industry News - NVIDIA's CEO Jensen Huang announced that the Trump administration has granted them an export license, allowing NVIDIA to begin selling H20 chips to the Chinese market. Due to strong demand, NVIDIA has placed an order for 300,000 H20 chips with TSMC, supplementing its existing inventory of 600,000 to 700,000 chips [2] - Micron has launched the industry's highest density radiation-resistant SLC NAND flash memory, designed for extreme environments such as space. This product has passed various rigorous standards and marks Micron's entry into the aerospace-grade edge computing storage market [2] - Anhui Jingmei Photomask Co., Ltd., the first semiconductor photomask company in Anhui, is set to be established with a total investment of 1.195 billion yuan from multiple investors. The technology assets for photomasks will be transferred from Jinghe Integration, and the company will focus on producing photomasks for 28nm and above process nodes [2] AI and Semiconductor Industry Trends - Huatai Securities believes that AI agents have become a "killer application" across various industries, enhancing efficiency and reducing costs while gradually changing business logic and organizational structures. The focus is shifting from "pre-training" to post-training and inference needs, with many companies leveraging foundational models like Deepseek and Qwen for practical AI capabilities [3] - China holds significant advantages in application scenarios and product cost reduction, which may shift the U.S.-China AI industry chain from parallel development to a competitive and cooperative state [3] - The Kweichow Moutai Semiconductor ETF (588170) tracks the Shanghai Stock Exchange's semiconductor materials and equipment theme index, focusing on semiconductor equipment (59%) and materials (25%), which are crucial areas for domestic substitution [3][4]