半导体设备ETF（561980）午后拉涨2.36%，成分股拓荆科技、天岳先进大涨超9%

Core Insights - The semiconductor equipment industry is experiencing a rebound, with the semiconductor equipment ETF (561980) rising by 2.36% and achieving a transaction volume exceeding 200 million [1] - According to WSTS, the global semiconductor market is projected to grow significantly, reaching approximately $975.46 billion by 2026, with a year-on-year growth of 26.3% [2] Investment Themes - Three key investment themes in the semiconductor equipment sector are identified: 1) Expansion of advanced processes related to AI; 2) Supercycle in memory; 3) Increase in domestic production rates in the Chinese market [3] AI-Related Growth - WSTS forecasts a 37.1% revenue growth for logic semiconductors (led by GPUs) in 2025, marking it as a primary growth driver for the semiconductor industry [4] - The anticipated increase in the number of GPUs, along with the rise of ASICs like TPUs and advanced GPUs, is expected to drive a new round of equipment expansion [4] Memory Market Supercycle - The global memory market is expected to grow by 39.4% in 2026, surpassing the 27.8% growth rate of 2025 [5] - DRAM and NAND demand are projected to increase significantly, with DRAM demand expected to rise by 26% and NAND by 21% in 2026 [5] Domestic Market Growth in China - The combined revenue of semiconductor equipment companies in China is projected to reach $14.5 billion in 2025, reflecting an 8% year-on-year increase, with a domestic production rate of 22% [6] - The Chinese market is expected to grow by 2% in 2026, reaching $51 billion, with an anticipated increase in domestic production rates to 29% [6] ETF Performance - The semiconductor equipment ETF (561980) tracks the CSI semiconductor index, which has shown significant performance, with a year-to-date increase of 55.56% and a maximum increase of over 80% [7]