20cm速递｜科创芯片ETF国泰（589100）涨超1.3%，市场关注国产GPU自主化与存储芯片格局变化

Core Insights - The global semiconductor market is projected to reach $208 billion by Q3 2025, marking the first time it surpasses the $200 billion threshold, with a quarter-on-quarter growth of 15.8%, the highest quarterly growth rate since 2009 [1] - The demand for computing power driven by the AI wave is significantly increasing the value across various segments, including servers, AI chips, optical chips, storage, and PCBs [1] - The storage prices have bottomed out and are beginning to recover, while the utilization rates in the packaging and testing segment are gradually improving [1] Industry Trends - Over the next three years, "advanced process expansion" will be a key focus for self-controlled development, with domestic equipment making continuous progress in advanced process breakthroughs and validations [1] - CoWoS and HBM technologies are positioned to align with AI industry trends, highlighting the growing importance of advanced packaging [1] - In the consumer electronics sector, the successful application of foldable machine hinges by Honor and OPPO, along with increased investment from Apple, is accelerating the penetration of 3D printing technology [1] Market Performance - The global shipment of foldable smartphones in Q3 has increased by 14% year-on-year, reaching a historical high, with a continuous rise in high-end market penetration [1] - The Guotai ETF (589100), which tracks the semiconductor index (000685), experienced a daily fluctuation of 20%, reflecting the performance of listed companies across the semiconductor materials, equipment, design, manufacturing, and packaging testing sectors [1]