关税引发波动自主可控是必须，科创半导体ETF鹏华(589020)涨超2%

Core Insights - The intensifying great power competition has led to the U.S. imposing core technology restrictions on China, which has resulted in China gaining a temporary "strategic initiative" through measures like rare earth jurisdiction and antitrust investigations against core enterprises [1] - Despite expectations of pressure on AI and domestic sectors due to prior price increases, the strong industrial trend of self-sufficiency combined with the AI wave remains the best investment direction [1] - Future observations will focus on breakthroughs in core semiconductor segments and marginal changes in the domestic AI industry supply and demand [1] Industry Updates - The 2025 Bay Area Semiconductor Chip Exhibition will be held from October 15 to 17 in Shenzhen, with local semiconductor company Xinkailai confirmed to participate, promising "unexpected surprises" [1] - The U.S. has further escalated restrictions on the domestic semiconductor supply chain, which benefits self-sufficiency [1] - Optimistic and clear long-term capacity planning for advanced processes and storage lines in China, particularly in advanced logic capacity, is expected to drive core incremental growth in domestic expansion [1] - The orderly expansion of some production lines in the second half of the year is anticipated to boost orders for equipment manufacturers and improve sector sentiment [1] Market Performance - As of October 13, 2025, the Shanghai Stock Exchange Sci-Tech Innovation Board Semiconductor Materials and Equipment Index (950125) rose by 2.49%, with notable increases in component stocks such as Fuchuang Precision (up 9.19%) and Hu Silicon Industry (up 9.02%) [2] - The Penghua Sci-Tech Semiconductor ETF (589020) increased by 2.06%, reflecting the overall performance of semiconductor materials and equipment companies on the Sci-Tech Innovation Board [2] Index Composition - As of September 30, 2025, the top ten weighted stocks in the Shanghai Stock Exchange Sci-Tech Innovation Board Semiconductor Materials and Equipment Index (950125) accounted for 74.36% of the index, including companies like Zhongwei Company and Huahai Qingke [3]