半导体设备ETF（159516）盘中上涨超2.2%，规模超64亿居同类第一，行业趋势与需求增长引关

Core Viewpoint - The central government emphasizes anti-involution policies in high-end manufacturing sectors like electronics and semiconductors to enhance international competitiveness and secure a favorable position in global competition [1] Group 1: Industry Insights - Anti-involution policies combined with corporate cash activation are shifting the bull market's main driver towards physical re-inflation, benefiting industries like electronics and semiconductors through supply-side optimization [1] - The short-term performance of the sci-tech sector is active, with a significant increase in the distribution of five-fold stocks in the Sci-Tech Innovation Board and the Growth Enterprise Market [1] - In the medium term, attention is directed towards cyclical industries with tight supply, such as consumer electronics and optical optoelectronics within technology, where inventory and capital expenditure are at low levels, potentially benefiting leading companies' profit recovery due to increased industry concentration [1] Group 2: Market Trends - Anti-involution policies are expected to drive a rebound in inflation expectations, with the electronics and semiconductor sectors showing more resilience in growth styles amid breakthroughs in AI, the Sino-U.S. tech competition, and a global interest rate reduction cycle [1] - The Semiconductor Equipment ETF (159516) tracks the semiconductor materials and equipment index (931743), focusing on upstream materials and equipment in the semiconductor industry, reflecting the overall performance of key enterprises in this sector [1] - The index covers high-tech barrier and growth characteristic sub-sectors, serving as an important reference for investors to grasp opportunities in the semiconductor industry [1] Group 3: Investment Products - Investors without stock accounts can consider the Guotai Zhongzheng Semiconductor Materials and Equipment Theme ETF Initiated Link A (019632) and Link C (019633) [1]