投资芯片选哪只？全市场半导体芯片主题指数大盘点

Core Viewpoint - The semiconductor chip sector, particularly the domestic computing power segment, is expected to perform well in 2026, with a notable shift from manufacturing dominance to design prominence since 2023 [1]. Group 1: Market Trends - By the end of 2021, there were only 8 ETFs tracking semiconductor-related indices, but by the end of 2025, this number surged to 36, tracking 11 different indices [1]. - The "semiconductor content" in all related indices is high, with most exceeding 90%, and some even surpassing 95% [13][44]. Group 2: Industry Structure - The semiconductor industry encompasses a complete supply chain from upstream materials and equipment to midstream design, manufacturing, and testing, down to downstream applications [4][35]. - The relationship between semiconductors, chips, and integrated circuits is clarified, with chips being the physical products made from semiconductor materials [5][35]. Group 3: Investment Insights - The investment landscape is categorized into two main segments: the design end (including chip design and discrete devices) and the manufacturing/support end (including semiconductor materials, equipment, and manufacturing processes) [10][42]. - The "Science and Technology Innovation Chip Index" (code: 000685.CSI) is highlighted for its strong performance, with a significant portion of its constituents being large and mid-cap stocks, ensuring liquidity [17][52]. Group 4: Performance Metrics - The expected net profits for the constituents of the Science and Technology Innovation Chip Index are projected to be 313.57 billion, 477.71 billion, and 654.26 billion for 2025, 2026, and 2027, respectively, with growth rates of 97.93%, 53.34%, and 36.96% [28][59]. - The index's top ten holdings account for 58.82% of its weight, indicating a high concentration of leading companies in the sector [25][56].