Mei Ri Jing Ji Xin Wen·2025-08-25 03:21Group 1 - The core viewpoint is that the domestic AI industry is transitioning towards a stage of hardware-software synergy, which presents investment opportunities in the domestic computing power industry chain [2] - The semiconductor materials and equipment theme index on the STAR Market has shown positive performance, with significant increases in constituent stocks such as Shengmei Shanghai and China Shipbuilding Special Gas [1] - The STAR Market semiconductor ETF (588170) has seen a notable increase of 11.21% over the past week, indicating strong market activity and liquidity [1] Group 2 - The semiconductor equipment and materials sectors are crucial areas for domestic substitution, characterized by low domestic replacement rates and high potential for growth [2] - The ETF tracking the semiconductor materials and equipment index focuses on upstream semiconductor companies, with a significant portion allocated to semiconductor equipment and materials [3]