国产半导体设备替代加速，科创半导体设备ETF（588710）连续五个交易日获资金净流入

Group 1 - The semiconductor sector is experiencing increased volatility, but the domestic substitution process and long-term growth trends remain unchanged, attracting funds through ETFs for investment opportunities [1][6] - The domestic semiconductor equipment substitution rate has increased from 25% in 2025 to 35% in 2026, with core equipment like etching machines and thin film deposition equipment exceeding a 40% substitution rate [1][6] - Dongwu Securities reports that domestic semiconductor equipment is entering a historic development opportunity, with a strong expansion cycle expected in 2026 driven by domestic storage manufacturers and global AI investments [7] Group 2 - The Kexin Semiconductor Equipment ETF (588710) has seen a net inflow of funds for five consecutive trading days from January 6 to January 12, with a product scale increase of 45% during this period [7][8] - The Kexin Semiconductor Equipment ETF targets the upstream segment of the semiconductor industry chain and is expected to benefit from the domestic substitution wave, with a focus on the Sci-Tech Innovation Board [8] - The fund manager, Huatai-PB Fund, is one of the first ETF managers in China, and their leading ETF, Huatai-PB CSI 300 ETF, has a current scale of 4,384.80 billion [9]