Group 1 - The AI wave is driving a surge in demand for computing power, significantly increasing the value in sectors such as servers, AI chips, optical chips, storage, and PCB boards [1] - By Q3 2025, the total import value of front-end manufacturing equipment is expected to grow by 15.28% year-on-year and 33.15% quarter-on-quarter, reaching a historical high [1] - Domestic equipment is making continuous progress in advanced process breakthroughs and validations [1] Group 2 - The semiconductor equipment ETF (159516) tracks the semiconductor materials and equipment index (931743), focusing on the upstream materials and equipment sectors of the semiconductor industry [1] - This index selects listed companies involved in the supply of key materials and manufacturing of core equipment for semiconductor production, serving as an important reference for observing the development of the semiconductor industry's upstream [1] - The index is characterized by high technological content and growth potential, making it a significant indicator for the performance of upstream semiconductor enterprises [1]

Core Viewpoint - Guosen Securities maintains a positive outlook on the self-sufficiency of semiconductor equipment and materials [1] Group 1: Industry Overview - The Semiconductor Equipment ETF (159516) tracks the Semiconductor Materials and Equipment Index (931743), focusing on the upstream materials and equipment sectors of the semiconductor industry [1] - This index selects listed companies involved in semiconductor material supply and equipment manufacturing, reflecting the overall performance of key enterprises in the semiconductor industry [1] - The index covers segments with high technical barriers and growth characteristics, serving as an important reference for investors to grasp opportunities in the semiconductor industry [1] Group 2: Market Data - As of October 13, 2025, the scale of the Semiconductor Equipment ETF is 9.068 billion, ranking first among six similar products [1]