“扩产热潮+国产替代” 驱动半导体设备材料加速破局！科创半导体设备ETF(588710)连续放量 获资金密集关注

Core Viewpoint - TSMC's unexpected performance and capital expenditure plans validate the strong demand in the AI industry chain, driving a global semiconductor expansion trend, particularly in the upstream equipment and materials sectors, which are receiving positive market attention [1][4]. Group 1: Market Performance - The Kexin Semiconductor Equipment ETF (588710) has seen significant trading activity, with an average daily trading volume of 460 million yuan over three trading days (January 15-19, 2026), far exceeding the 95 million yuan average daily level in 2025 [5]. - Since the beginning of 2026, the Kexin Semiconductor Equipment ETF has accumulated 677 million yuan in new investments, leading to record highs in its shares and scale, which reached 930 million shares and 1.813 billion yuan respectively as of January 19, 2026 [5]. Group 2: Strategic Importance - Semiconductor equipment and materials are critical components of the semiconductor industry chain, with a relatively low level of domestic production capacity. The importance of these sectors is further enhanced by the push for self-sufficiency and increased domestic production rates [5]. - Recent technological breakthroughs, such as the successful launch of China's first series-type high-energy hydrogen ion implanter (POWER-750H), have boosted confidence in domestic production strategies [5]. Group 3: ETF Focus and Management - The Kexin Semiconductor Equipment ETF focuses on the "shovel sellers" segment of the semiconductor industry, with 84.8% of its index weight allocated to semiconductor equipment and materials [5]. - Unlike other semiconductor indices, the Kexin Semiconductor Materials and Equipment Index exclusively selects stocks from the STAR Market, which may enhance the technological quality of the index [5]. - The fund manager, Huatai-PB Fund, is one of the first ETF managers in China, with a strong track record in various index categories, including broad-based and dividend-themed indices [5].