加征关税强化国产替代逻辑，半导体设备ETF（561980）午后大涨近3%！机构：“卖铲人”确定性受益

Core Viewpoint - The semiconductor equipment sector is experiencing significant growth, driven by domestic substitution and self-sufficiency trends, particularly in light of recent U.S. tariffs on semiconductor imports [1][2]. Group 1: Market Performance - The semiconductor equipment ETF (561980) saw a 2.89% increase, with a trading volume exceeding 200 million yuan, and a net inflow of over 137 million yuan in the last five trading days [1]. - Key stocks such as Shanghai Xinyang and Sanjia Technology hit the daily limit, with Shanghai Xinyang rising over 13%, and other significant players like Zhongwei Company and Nanda Optoelectronics also showing strong gains [1]. Group 2: Impact of Tariffs - The U.S. announced a 25% import tariff on certain semiconductor products starting January 15, 2026, which is expected to create a stronger "acceleration replacement" window for domestic semiconductor equipment despite limited direct impact [1]. Group 3: Industry Trends - The rise of domestic storage chip manufacturers is reshaping the global pricing cycle, reducing import dependency, and enhancing supply chain security, supported by policy initiatives and capital investments [2]. - The global storage industry is entering a new upcycle driven by AI demand for high-performance storage products, with significant growth expected in etching and thin-film deposition equipment due to the shift towards 3D architectures [3]. Group 4: ETF Composition and Performance - The semiconductor equipment ETF focuses on the "selling shovels" segment of the chip industry, with over 90% of its composition in semiconductor equipment, materials, and design [4]. - The index has shown a maximum increase of over 640% since the last semiconductor upcycle, outperforming similar indices, with a year-to-date increase of 87.38% as of January 9, 2026 [4].