【机构预计存储厂有望持续扩产，芯片ETF（159995.SZ）下跌0.34%，北京君正涨3.58%】

Group 1 - The A-share market showed mixed performance on December 25, with the Shanghai Composite Index rising by 0.11%, while sectors such as defense, non-bank financials, and machinery equipment performed well, and metals and steel sectors faced declines [1] - The semiconductor ETF (159995.SZ) decreased by 0.34%, with individual stocks like Beijing Junzheng, Shengbang Co., and SMIC showing gains of 3.58%, 2.37%, and 1.26% respectively, while companies like Chipone and Jinghe Integration experienced declines of -5.23% and -3.63% [1] Group 2 - SEMI raised its 2025 wafer fabrication equipment (WFE) forecast to $115.7 billion, reflecting an 11% year-over-year increase, driven by unexpected investments in DRAM and HBM, along with ongoing expansions in China [3] - The global semiconductor equipment market is expected to continue growing in 2026 and 2027, with increases of 9.0% and 7.3% respectively, reaching $135.2 billion, as manufacturers increase investments in advanced logic and storage technologies [3] - According to招商证券, equipment companies are in an upward cycle, driven by AI demand for advanced processes and a gradual recovery in mature processes, with strong orders expected for advanced logic in 2025 [3] - The chip ETF (159995) tracks the National Chip Index, which includes 30 leading companies in the A-share chip industry across materials, equipment, design, manufacturing, packaging, and testing, such as SMIC, Cambricon, Changdian Technology, and Northern Huachuang [3]