芯片ETF（512760）盘中涨超1.4%，半导体供应链波动或加速国产替代

Core Viewpoint - Ongoing US-China tensions and China's strengthened export controls on rare earths, particularly for advanced logic chips and high-end storage chips, are expected to exacerbate global semiconductor supply chain pressures in the short term and may accelerate domestic substitution processes in the long term [1] Group 1: Industry Dynamics - China's rare earth production accounts for 69%-70% of the global supply, positioning the country dominantly within the global industrial chain [1] - The collaboration between OpenAI and AMD for 6GW GPU computing power signifies the entry of AI competition into a "computing power alliance" era, which will drive the expansion of global AI infrastructure [1] - The electronic industry is currently experiencing a mild recovery, with particular attention on the AI server supply chain, equipment materials, and the localization of automotive electronics [1] Group 2: Investment Insights - The Chip ETF (512760) tracks the China Semiconductor Index (990001), focusing on the core semiconductor industry chain by selecting publicly listed companies involved in semiconductor materials, equipment, and end applications [1] - The index is calculated using free float market capitalization to reflect the overall performance of publicly listed companies in China's semiconductor sector, with periodic adjustments to ensure alignment with industry developments [1]