Group 1 - The A-share market saw a collective rise in the three major indices, with the Shanghai Composite Index up by 0.12%, driven by sectors such as defense, coal, and machinery, while pharmaceuticals and building materials lagged behind [1] - The global pure wafer foundry industry is expected to grow by 17% in revenue by 2025, surpassing $165 billion, with a compound annual growth rate of 12% from 2021 to 2025 [1] - Revenue from the 3nm node is projected to increase by over 600% year-on-year by 2025, reaching approximately $30 billion, while the 5/4nm nodes are expected to exceed $40 billion in revenue [1] Group 2 - Citic Securities reports a significant increase in demand for advanced process capacity in wafer fabs due to the AI era, with domestic demand returning as a result of U.S. sanctions [2] - Domestic manufacturers are actively catching up but face challenges such as equipment supply and yield improvement [2] - The chip ETF (159995) tracks the National Chip Index, which includes leading companies in materials, equipment, design, manufacturing, packaging, and testing within the A-share chip industry [2]