Ge Long Hui A P P·2025-09-22 08:28Core Viewpoint - The semiconductor sector is experiencing significant growth, with various chip stocks rising over 10%, leading to a surge in related ETFs by more than 4% to 5% [1][2]. Group 1: Stock Performance - Chip stocks such as Zhongke Lanyun, Chip Origin, Jucheng, Haiguang Information, and Diaomicro have seen increases exceeding 10% [1]. - The Sci-Tech Innovation Chip Design ETF rose by 5.49%, while other related ETFs also reported gains ranging from 3.54% to 4.50% [2][3]. Group 2: Industry Developments - The semiconductor industry is witnessing an influx of domestic tech giants entering chip R&D, with Huawei announcing the timeline for its Ascend chip iteration [5]. - Companies like SMIC and Huahong Semiconductor are optimistic about future orders and market conditions [5]. - The upcoming IPO of Moore Threads, a leading domestic GPU company, is expected to enhance the domestic GPU landscape [5]. Group 3: Market Trends - According to Huatai Securities, global semiconductor equipment revenue is projected to grow by 14% year-on-year in 2025, reaching $148 billion [6]. - The Chinese semiconductor equipment market is experiencing a slight decline, with a 1% decrease in the first half of 2025, while the domestic equipment localization rate has increased by 6 percentage points to 21% [6][7]. - The overseas semiconductor equipment market is driven by AI demand, with a 40% year-on-year growth in the second quarter of 2025 [7][8]. Group 4: Future Outlook - The global semiconductor equipment revenue is expected to grow by 8% in 2026, with the Chinese market projected to remain stable [8]. - The focus on AI-related investments and the expansion of advanced logic in China are seen as structural opportunities for growth [8].