20cm速递丨科创芯片ETF国泰（589100）盘中涨超1.7%，半导体行业维持高景气

Group 1 - The semiconductor cycle is entering an upward phase, transitioning from "expected recovery" to "economic verification" [1] - The semiconductor industry is currently in the early to mid-stage of a "growth acceleration period," with a new upward cycle potentially starting [1] - The semiconductor sector exhibits characteristics of "long bull and short bear" markets, with market turning points often leading fundamental changes [1] Group 2 - The Guotai Semiconductor ETF (589100) tracks the semiconductor index (000685), with daily fluctuations of up to 20%, reflecting the performance of semiconductor and integrated circuit companies listed on the Sci-Tech Innovation Board [1] - The index covers the entire semiconductor industry chain, including chip design, manufacturing, and testing, highlighting China's development in high-tech sectors, particularly in chip innovation and market performance [1]