Core Viewpoint - The semiconductor sector in A-shares experienced a significant decline, with major stocks like Baiwei Storage and SMIC dropping over 10% and 6% respectively, despite a net inflow of 252 million yuan into semiconductor ETFs, indicating a mixed market sentiment [1]. Group 1: Market Performance - A-shares opened lower and the semiconductor sector saw a broad retreat, with Baiwei Storage down 10%, Jinghe Integration down over 9%, and SMIC down over 6% [1]. - The Kweichow Moutai ETF and chip ETFs both fell by more than 3%, but there was a notable net buying of 252 million yuan in chip ETFs during the day [1]. - In the past five days, the Kweichow Moutai ETF saw a net inflow of 537 million yuan, while the chip ETF had a net inflow of 649 million yuan over the last ten days [1]. Group 2: Industry Dynamics - The current demand for storage chips is primarily driven by large tech companies' infrastructure needs in the AI era, suggesting a stronger sustainability of demand [1]. - According to Debon Securities, the storage industry is expected to maintain high prosperity in Q3 due to the ongoing strong demand from AI servers and data centers [1]. Group 3: ETF Performance - The largest chip industry ETF, Chip ETF (159995), fell by 3.91%, covering the entire industry chain including leading companies like SMIC and Cambrian [2]. - The "semiconductor content over 50%" Kweichow Moutai ETF (588000) decreased by 3.77%, with key stocks including SMIC and Cambrian [2]. - The Kweichow Semiconductor ETF (588170), focusing on domestic replacement equipment and materials, dropped by 2.69%, including stocks like AMEC and Huahai Qingke [2].