“存储扩产+先进制程扩产”双重推动，关注半导体设备ETF（159516）

Core Viewpoint - The semiconductor equipment ETF (159516) has shown strong performance, achieving a three-day consecutive rise and reaching a new high, driven by recent developments in export controls and increased demand for storage solutions [1][4]. Group 1: Market Performance - The semiconductor equipment ETF closed at 1.820 on January 7, with a significant increase of 7.50% from the previous close of 1.693 [2]. - The ETF's trading volume was 13.325 million, with a turnover rate of 21.54% and a total transaction value of 2.379 billion [2]. - The highest price during the trading session was 1.828, while the lowest was 1.741 [2]. Group 2: Industry Developments - The Ministry of Commerce announced new export controls on dual-use items to Japan, which may strengthen the logic of domestic substitution amid increasing Sino-Japanese tensions [1]. - At the CES conference, NVIDIA announced the addition of an independent high-speed "memory layer" to its network system, indicating a significant increase in storage demand [1]. - The storage sector is expected to continue experiencing catalysts, with price increases and capacity expansions likely to persist [4]. Group 3: Valuation and Investment Insights - The semiconductor equipment ETF is characterized by clear catalysts and relatively low valuations, with a PE TTM of 94.81x, placing it in the 78.06% percentile since its inception [4]. - Despite recent price increases, the ETF's valuation remains lower than other mainstream semiconductor indices, suggesting potential for further investment opportunities [4]. - Investors are advised to consider opportunities for gradual entry into the market, especially for those who have not yet participated [4].