Group 1 - The A-share market opened slightly lower on June 20, with lithium battery electrolyte and solid-state battery concepts leading the gains, while semiconductor materials and equipment continued their upward momentum from the previous day [1] - As of June 20, 2025, the CSI Semiconductor Materials and Equipment Theme Index (931743) rose by 0.75%, with component stocks such as Jingrui Electric Materials up by 5.51%, Sanjia Technology up by 4.66%, Huahai Chengke up by 3.88%, Youyan New Materials up by 3.39%, and Shengong Co., Ltd. up by 2.75% [1] - The Semiconductor Materials ETF (562590) increased by 0.67%, marking its third consecutive rise, with the latest price reported at 1.06 yuan [1] Group 2 - CITIC Construction Investment Securities believes that the core demand in the current semiconductor cycle is driven by AI, with significant growth in computing power infrastructure demand due to the iteration of large models from 2023 to 2024 [2] - The AI demand is expected to transition from cloud to edge devices, rapidly advancing AI integration in smartphones, computers, wearables, industrial applications, and automobiles [2] - The semiconductor materials ETF 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]