20cm速递｜关注科创芯片ETF国泰（589100）投资机会，技术突破与行业变局引关注

Group 1 - The core viewpoint is that 3D printing is accelerating its penetration in the consumer electronics sector, with applications such as foldable device hinges and watch/phone frames expected to mark the beginning of a new application era [1] - The global semiconductor market reached a size of $208 billion in Q3 2025, representing a quarter-on-quarter growth of 15.8%, the highest since 2009 [1] - The next three years will see "advanced process expansion" become a key focus for self-controlled development, with CoWoS and HBM positioning themselves to align with AI industry trends, highlighting the importance of advanced packaging [1] Group 2 - The demand for AI-driven computing power is surging, significantly increasing the value across various segments such as servers, AI chips, optical chips, storage, and PCB boards [1] - The Cathay Innovation Chip ETF (589100) tracks the Innovation Chip Index (000685), which saw a daily fluctuation of 20%, reflecting the overall performance of listed companies in the semiconductor industry chain [1] - The index components are primarily concentrated in manufacturing and information technology services, showcasing the technology-intensive and collaborative characteristics of the chip industry [1]