半导体材料ETF（562590）及其联接基金（A类：020356、C类：020357），指数中半导体设备 （59%）、半导体材料（24%）占比靠前，充分聚焦半导体上游。 （文章来源：每日经济新闻） 浙商证券认为，半导体设备是半导体产业链的基石，在AI浪潮引领下，芯片库存周期、国内晶圆厂扩 产周期、海外管制趋严背景下的设备国产化诉求有望实现三重共振，推动半导体设备板块业绩超预期。 半导体设备行业马太效应极强，建议一方面把握住龙头企业的成长确定性，一方面可以关注国产化率较 低，成长空间较大的细分领域龙头企业。核心受益环节包括半导体前后道设备、设备零部件企业。 相关ETF：公开信息显示，科创半导体ETF（588170）及其联接基金（A类：024417；C类：024418）跟 踪上证科创板半导体材料设备主题指数，囊括科创板中半导体设备（59%）和半导体材料（25%）细分 领域的硬科技公司。半导体设备和材料行业是重要的国产替代领域，具备国产化率较低、国产替代天花 板较高属性，受益于人工智能革命下的半导体需求扩张、科技重组并购浪潮、光刻机技术进展。 截至2025年8月26日 14点32，上证科创板半导体材料设备主题指数强 ...

截至2025年8月25日 10点48，上证科创板半导体材料设备主题指数上涨0.93%，成分股盛美上海上涨 11.81%，中船特气上涨4.66%，龙图光罩上涨3.86%，拓荆科技上涨3.28%，华峰测控上涨2.96%。科创 半导体ETF（588170）上涨0.82%，最新价报1.23元。拉长时间看，截至2025年8月22日，科创半导体 ETF（588170）近1周累计上涨11.21%.流动性方面，科创半导体ETF（588170）盘中换手20.41%，成交 8434.04万元，市场交投活跃。拉长时间看，截至8月22日，科创半导体ETF（588170）近1周日均成交 1.16亿元。份额方面，科创半导体ETF（588170）近3月份额增长6600.00万份，实现显著增长. 相关ETF：公开信息显示，科创半导体ETF（588170）及其联接基金（A类：024417；C类：024418）跟 踪上证科创板半导体材料设备主题指数，囊括科创板中半导体设备（59%）和半导体材料（25%）细分 领域的硬科技公司。半导体设备和材料行业是重要的国产替代领域，具备国产化率较低、国产替代天花 板较高属性，受益于人工智能革命下的半导体需求扩 ...

Group 1: Market Performance - The Shanghai Stock Exchange's Sci-Tech Innovation Board semiconductor materials and equipment index decreased by 0.39% as of August 21, 2025 [1] - Among constituent stocks, Jingyi Equipment led with a 7.00% increase, while Shanghai Hejing fell by 4.87% [1] - The Sci-Tech Semiconductor ETF (588170) dropped by 0.52%, with a latest price of 1.14 yuan [1] Group 2: Trading Activity - The Sci-Tech Semiconductor ETF (588170) had a turnover rate of 16.49%, with a trading volume of 68.0184 million yuan, indicating active market participation [1] - Over the past week, the ETF accumulated a 5.51% increase [1] - The ETF's average daily trading volume over the past week was 104 million yuan [1] Group 3: Fund Flows and Growth - The Sci-Tech Semiconductor ETF saw a significant growth of 1.51 billion yuan in size over the past month [1] - The ETF's shares increased by 10.4 million over the past month, indicating substantial growth [1] - Recent net outflow from the ETF was 64.4746 million yuan, but there were 17 days of net inflow totaling 113 million yuan over the last 23 trading days [1] Group 4: Industry Insights - OpenAI's CFO reported a milestone of $1 billion in monthly revenue in July, highlighting the ongoing demand for AI despite challenges in computing power [2] - CITIC Securities noted that tariff policies have provided a temporary boost to sentiment in the semiconductor industry, coinciding with a busy earnings release period in August [2] - The semiconductor equipment and materials sector is crucial for domestic substitution, benefiting from low domestic replacement rates and high potential ceilings under the AI demand expansion [2]

Group 1 - The core viewpoint of the articles highlights the ongoing fluctuations in the semiconductor materials and equipment sector, with specific attention to the performance of the STAR Market Semiconductor Materials and Equipment Index and related ETFs [1][2]. - As of August 20, the STAR Market Semiconductor Materials and Equipment Index decreased by 0.18%, with mixed performance among constituent stocks, including Shanghai Hejing rising by 6.35% and Jing Sheng Co. falling by 3.83% [1]. - The STAR Market Semiconductor ETF (588170) saw a slight decline of 0.36%, with a recent price of 1.1 yuan, but has shown a cumulative increase of 3.18% over the past week [1]. Group 2 - The global semiconductor materials market is projected to reach approximately $70 billion by 2025, with a year-on-year growth of about 6%, driven by AI-related demand [2]. - The silicon wafer market is expected to reach around $14 billion by 2025, with a year-on-year growth of 3.8% and a projected increase in shipment area of 5.4% [2]. - The domestic semiconductor materials market is anticipated to benefit from a rising domestic production rate, presenting a favorable investment window [2]. Group 3 - The semiconductor materials ETF (562590) and its associated funds focus heavily on the upstream semiconductor sector, with 59% of the index comprising semiconductor equipment and 24% comprising semiconductor materials [3].

Market Overview - As of August 14, the Shanghai Composite Index fell by 0.46% to close at 3666.44 points, the Shenzhen Component Index dropped by 0.87% to 11451.43 points, and the ChiNext Index decreased by 1.08% to 2469.66 points [1] - In the overnight U.S. market, the Dow Jones Industrial Average decreased by 0.02%, the S&P 500 rose by 0.03%, and the Nasdaq Composite fell by 0.01% [1] Industry Insights - Chinese AI chip giant Cambricon has seen its stock price surge, closing at 949 yuan per share with a gain of 10.35%, pushing its total market capitalization above 397 billion yuan [2] - Chipsea Technology announced plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and diversify financing [2] - Xi'an Yiswei Materials Technology's initial public offering application was approved on August 14, marking it as the first unprofitable company to be accepted under the new policies, indicating increased acceptance of unprofitable "hard tech" firms by the Shanghai Stock Exchange [2] Technological Advancements - The first domestically commercialized electron beam lithography machine has entered application testing, showcasing precision comparable to international mainstream equipment, marking a significant milestone for quantum chip development in China [3] - The current A-share market is characterized by ample liquidity and high trading sentiment, with expectations of a steady upward trend in the market driven by accumulating positive domestic factors [3] ETF Information - The Sci-Tech Semiconductor ETF (588170) tracks the Shanghai Stock Exchange's Sci-Tech Board semiconductor materials and equipment index, focusing on semiconductor equipment (59%) and materials (25%) [4] - The Semiconductor Materials ETF (562590) and its linked funds also emphasize the upstream semiconductor sector, reflecting the importance of domestic substitution in this industry [4]

Group 1 - The semiconductor materials and equipment theme index on the STAR Market experienced a slight decline of 0.01% as of August 14, 2025, with mixed performance among constituent stocks [1] - Longtu Guochao led the gains with an increase of 18.46%, while Shanghai Hejing saw the largest decline at 6.80% [1] - The STAR semiconductor ETF (588170) rose by 0.09%, marking its fourth consecutive increase, with a latest price of 1.09 yuan [1] Group 2 - Zhongyuan Securities noted that the domestic semiconductor equipment and components localization rate remains relatively low, indicating potential benefits for companies capable of advanced process breakthroughs [2] - Advanced packaging is identified as a key technology for enhancing chip performance, particularly for advanced AI computing chips, which are expected to drive significant growth in the sector [2] - The STAR semiconductor ETF (588170) tracks the semiconductor materials and equipment theme index, focusing on companies in semiconductor equipment (59%) and materials (25%) [2]

Core Viewpoint - The semiconductor industry in China is experiencing a cyclical adjustment, with a notable decline in investment, but signs of recovery are emerging as the market adapts to new technological demands and consumer trends [1][2]. Group 1: Market Performance - As of August 14, 2025, the STAR Market Semiconductor Materials and Equipment Index rose by 1.44%, with key stocks such as Longtu Optoelectronics hitting the daily limit, and SMIC and Shengmei Shanghai increasing by 4.39% and 4.09% respectively [1]. - The STAR Semiconductor ETF (588170) also saw a rise of 1.47%, marking its fourth consecutive increase, with a latest price of 1.1 yuan [1]. - Over the past week, the STAR Semiconductor ETF (588170) has accumulated a rise of 1.59%, with a turnover rate of 7.03% and a transaction volume of 29.29 million yuan [1]. Group 2: Industry Insights - According to CINNO Research, the total investment in China's semiconductor industry for the first half of 2025 was 455 billion yuan, reflecting a year-on-year decline of 9.8%, but showing a significant improvement compared to a 41.6% drop from the previous year [1]. - Guolian Securities emphasizes the urgency for domestic semiconductor self-sufficiency and suggests focusing on the domestic replacement industry chain [1]. - The consumer electronics sector is entering an innovation cycle, with several brands launching new AI hardware products, which is expected to boost sales in the consumer electronics market [1]. Group 3: ETF Information - The STAR Semiconductor ETF (588170) tracks the STAR Market Semiconductor Materials and Equipment Index, focusing on semiconductor equipment (59%) and materials (25%) [2]. - The semiconductor equipment and materials sectors are crucial for domestic replacement, characterized by low domestic production rates and high potential for domestic substitution, benefiting from the expansion of semiconductor demand driven by the AI revolution [2].

Industry Insights - The Ministry of Industry and Information Technology and six other departments have released implementation opinions to promote innovation in the brain-computer interface industry, aiming for breakthroughs in key technologies by 2027, including brain-machine chips and high-precision surgical robots [2] - OpenAI has launched a new AI model named GPT-5, which offers enhanced capabilities in coding, creative writing, and complex query reasoning, described as a significant upgrade over previous models [2] Company Performance - SMIC reported a sales revenue of $2.209 billion for Q2 2025, a 1.7% decrease quarter-on-quarter, with a gross margin of 20.4%, down 2.1 percentage points [3] - For the first half of 2025, SMIC's sales revenue reached $4.46 billion, a 22.0% increase year-on-year, with a gross margin of 21.4%, up 7.6 percentage points [3] - SMIC expects Q3 revenue to grow by 5% to 7% quarter-on-quarter, with a gross margin between 18% and 20% [3] ETF Information - The Sci-Tech Semiconductor ETF (588170) tracks the Sci-Tech Board Semiconductor Materials and Equipment Index, focusing on semiconductor equipment (59%) and materials (25%) [4] - The Semiconductor Materials ETF (562590) and its linked funds also emphasize semiconductor equipment (59%) and materials (24%), targeting the upstream semiconductor sector [4]

Group 1 - The semiconductor materials and equipment theme index on the STAR Market rose by 0.15%, with notable increases in stocks such as Longtu Guangzhao (up 3.76%) and Xinyi Chang (up 1.82%) [1] - The STAR Semiconductor ETF (588170) has seen a cumulative increase of 4.22% over the past two weeks, with a latest price of 1.07 yuan [1] - The STAR Semiconductor ETF (588170) achieved a new three-month high in terms of scale, reaching 420 million yuan, and its shares reached 395 million, also a three-month high [1] Group 2 - The demand for AI-related computing power has significantly increased, with the daily usage of tokens for the Doubao large model exceeding 16.4 trillion, a 137-fold increase compared to last year [2] - The printed circuit board (PCB) sector is expected to benefit from the growing demand for high-end GPUs and self-developed ASICs from cloud vendors, with supply tightness anticipated to last until 2026 [2] - The STAR Semiconductor ETF (588170) tracks the semiconductor materials and equipment theme index, focusing on companies in the semiconductor equipment (59%) and materials (25%) sectors, which are crucial for domestic substitution [2][3]

Group 1 - The core viewpoint of the articles highlights a strong performance in the semiconductor materials and equipment sector, particularly driven by AI-related capital expenditures and innovations in chip architecture [1][2] - The STAR Market Semiconductor Materials and Equipment Theme Index has seen a significant increase of 1.83%, with notable gains in constituent stocks such as ZKFC and Huafeng Measurement Control [1] - The STAR Semiconductor ETF (588170) has experienced a robust trading activity, with a turnover rate of 12.83% and a total transaction volume of 51.56 million yuan, reaching a new high in scale and shares over the past three months [1] Group 2 - Tianfeng Securities indicates that the AI capital expenditure cycle is still on the rise, which is expected to continuously drive the demand for computing infrastructure [2] - The STAR Semiconductor ETF (588170) tracks the STAR Market Semiconductor Materials and Equipment Theme Index, focusing on semiconductor equipment (59%) and materials (25%), which are crucial for domestic substitution [2] - The semiconductor materials and equipment industry is positioned to benefit from the expansion of semiconductor demand driven by the AI revolution and advancements in lithography technology [2]