3 6 Ke·2026-01-07 09:52Core Insights - The rapid advancement of AI is driving a significant demand for computing power and storage, leading to a severe supply shortage in these areas [1][6][7]. Group 1: Market Demand and Supply - The gap for high-end GPU chips in China has reached a scale of over 10 billion yuan [2]. - The current domestic production capacity for chips below 12nm is less than half of the required demand, particularly with the potential launch of AI smartphones [2]. - The storage chip market is facing a larger deficit, with a supply-to-investment ratio of only 0.4:1 in China, compared to 1:1 in developed countries [2]. Group 2: Policy and Investment Support - The Chinese government is emphasizing the need for self-reliance in technology, particularly in GPU and storage chip production, to address the supply shortages [5][11]. - The Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology have launched initiatives to enhance standards for advanced computing and storage technologies [8][9]. - Significant capital support is being provided, with the National Big Fund increasing its stakes in domestic semiconductor companies [11]. Group 3: Domestic Semiconductor Industry Growth - Domestic semiconductor equipment manufacturers are expected to enter a strong expansion phase driven by AI demand, with order growth potentially exceeding 30% by 2026 [5][12]. - Some domestic GPU chips have reached international leading specifications, supporting large-scale intelligent computing clusters [11]. - The highest speeds of certain domestic storage chips have surpassed 8000 Mbps, positioning them among the global leaders [12]. Group 4: Investment Opportunities - The semiconductor equipment ETF (159516) is highlighted as a convenient investment tool, tracking a range of core assets in the semiconductor sector [17][20]. - The ETF has seen significant investor interest, with a fund size of 10.459 billion yuan, marking an increase of over 8.7 billion yuan since early 2025 [21][20]. - The semiconductor equipment sector is expected to benefit from the ongoing demand for advanced processes and storage expansion, making it a promising investment area [22].