国金证券认为，半导体设备是半导体产业链的基石，存储扩产与自主可控共振，国产化空间广阔。存储芯片架构从2D向3D深层次变革，随着3D DRAM技术 引入以及NAND堆叠层数向5xx层及以上演进，制造工艺中对高深宽比刻蚀及先进薄膜沉积的要求呈指数级提升，相关设备厂商将深度受益于工艺复杂度提 升带来的红利。 | 截至午间收盘 | 该指数自20 该指数 | | --- | --- | | 该指数涨跌 | 滚动市销率 发布以来估值 | | 2.4% | 4.9倍 98.39 | 截至午间收盘，中证半导体材料设备主题指数上涨5.2%，中证芯片产业指数上涨4.4%，中证云计算与大数据主题指数上涨2.4%。 该指数由40只业务涉及半 导体材料和半导体设备的公 司股票组成,聚焦未来计算 的硬件基础环节。 该指数自20 以来估值分 5.2% 6.8倍 66.30 同标的指数中规模居第一 低费率(0.15%+0. 05%费率) 注:"N0.1"标签指截至2025年12月 ETF规模在跟踪同标的指数的ETF中排名 数据来自交易所官网。"低费率"标签 0.15%/年,托管费率0.05%/年。 截至午间收盘 12 = 5 该指数涨跌 巾 ...

今日早盘，大盘下探后持续反弹，AI算力、半导体设备等板块表现活跃。截至午间收盘，中证云计算与大数据主题指数、中证芯片产业指数均上涨1.0%， 中证半导体材料设备主题指数上涨1.4%。 | 云计算ETF (No.1 | | | 516 | | --- | --- | --- | --- | | 跟踪中证云计算与大数据主题指数。 | | | | | | | | ·· | | 该指数由50只业务涉及提 | 截至午间收盘 | 该指数 | 该指数自20 | | 供云计算服务、大数据服务 | 该指数涨跌 | 滚动市销率 | 发布以来估值 | | 以及上述服务相关硬件设备 | | | | | 的公司股票组成,覆盖云计 | 1.0% | 4.8 円 | 98.29 | | 算产业链。 | | | | | 芯片ETF易方达 | | | 516 | | 跟踪中证芯片产业指数 | | | | | | | | ·· | | 该指数由50只业务涉及芯 | | | | | 片设计、制造、封装与测 | 截至午间收盘 | 该指数 | 该指数自20 | | 试以及半导体材料、半导 | 该指数涨跌 | 市净率 | 以来估值分 | | 体生产设备 ...

Group 1 - The semiconductor materials and equipment theme index (931743) experienced a slight decline of 0.15% as of July 9, 2025, with mixed performance among constituent stocks [1] - The semiconductor materials ETF (562590) also saw a decrease of 0.18%, with the latest price at 1.11 yuan, but it has accumulated a rise of 2.20% over the past two weeks [1] - The latest scale of the semiconductor materials ETF reached 378 million yuan, marking a three-month high, with a total of 340 million shares, also a three-month high [1] Group 2 - Shenzhen has introduced measures to promote high-quality development in the semiconductor and integrated circuit industry, including a 5 billion yuan "semi-industry private equity fund" [2] - The measures focus on "strengthening, stabilizing, and supplementing" the supply chain, with specific support initiatives, particularly emphasizing the acceleration of compound semiconductor maturity [2] - The demand for semiconductors in downstream applications such as TWS headphones, wearable devices, AI servers, and new energy vehicles is recovering well, supported by national subsidy policies [2] Group 3 - The semiconductor industry is experiencing a new wave of mergers and acquisitions, driven by the revised regulations on major asset restructuring announced by the China Securities Regulatory Commission [3] - Domestic semiconductor companies are expected to accelerate the development of key core technologies through resource sharing and complementary advantages [3] - The semiconductor materials ETF closely tracks the performance of the semiconductor materials and equipment theme index, which includes 40 listed companies in the semiconductor sector [3]

Core Viewpoint - The semiconductor materials and equipment sector is experiencing significant growth, driven by domestic policy support and the ongoing trend of self-sufficiency in semiconductor manufacturing in China [1][2]. Group 1: Market Performance - As of July 8, 2025, the CSI Semiconductor Materials and Equipment Theme Index rose by 1.06%, with key stocks such as Yake Technology increasing by 4.11%, Zhichun Technology by 3.76%, and Jingrui Electric Materials by 3.00% [1]. - The Semiconductor Materials ETF (562590) increased by 1.27%, with the latest price at 1.11 yuan [1]. - The ETF showed active trading with a turnover rate of 16.34% and a transaction volume of 54.3741 million yuan, indicating a vibrant market [1]. Group 2: Industry Insights - According to First Capital Securities, the changing dynamics of Sino-U.S. relations do not alter the fundamental logic of self-sufficiency in semiconductor manufacturing, suggesting that there is still room for improvement in the domestic semiconductor equipment localization rate [1]. - The domestic semiconductor industry chain is expected to accelerate its integration through horizontal category expansion and vertical technological complementarity, enhancing industry concentration and overall competitiveness [1]. - Leading companies are likely to leverage their financial scale and industry chain dominance to strengthen their market position [1]. Group 3: ETF Composition - The Semiconductor Materials ETF (562590) closely tracks the CSI Semiconductor Materials and Equipment Theme Index, which includes 40 listed companies deeply involved in the semiconductor materials and equipment sectors [2]. - The index features leading companies that have made significant advancements in domestic substitution, such as North Huachuang and Zhongwei Company in etching equipment, and Hu Silicon Industry and Nanda Optoelectronics in key materials [2]. - The sample selection reflects the trend of self-initiated upgrades in the semiconductor industry chain, showcasing the overall performance of listed companies in the semiconductor materials and equipment sectors [2].