该指数由50只业务涉及芯 片设计、制造、封装与测 试以及半导体材料、半导 体生产设备等公司股票组 成,聚焦未来计算的核心 硬件环节。 半导体设备ETF易方达 跟踪中证半导体材料设备主题指数 今日早盘，半导体材料与设备板块表现强势，CPO等算力产业链题材反弹，截至午间收盘，中证半导体材料设备主题指数上涨3.1%，中证云计算与大数据 主题指数上涨1.6%，中证芯片产业指数上涨1.5%，半导体设备ETF易方达（159558）半日净申购达400万份。 低费率(0.15%+0.05%幕 注1:"该指数"指各上述基金产品具体跟踪的指数。数据来自Wind,指数涨跌幅截至2025年1 截至午间收盘 该指数涨跌 1.5% 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。 截至午间收盘 该指数涨跌 3.1% 同标的指数中规模居第一 每日经济新闻 ...

Core Insights - The semiconductor industry stocks are experiencing significant gains, with notable increases in companies such as Cambricon Technologies (up over 9%) and Haiguang Information (up over 7%) [1] - The AI chip market in China is projected to grow from 142.5 billion yuan in 2024 to 1.3368 trillion yuan by 2029, reflecting a compound annual growth rate (CAGR) of 53.7% from 2025 to 2029 [1] - Recent important meetings have emphasized the need for high-level technological self-reliance, which, along with a basic consensus reached in Sino-U.S. business negotiations, is expected to enhance market risk appetite, benefiting the semiconductor sector [1] Industry Overview - The Sci-Tech Innovation Board 50 Index consists of 50 stocks with large market capitalization and good liquidity, with the semiconductor industry accounting for over 65% of the index [1] - The CSI Semiconductor Materials and Equipment Theme Index includes 40 stocks related to semiconductor materials and equipment, with semiconductor equipment and materials making up 60% and 20% of the index, respectively [1] - The Sci-Tech Innovation Board 50 ETF (588080) and the E Fund Semiconductor Equipment ETF (159558) track the aforementioned indices, providing investors with convenient access to leading companies in the semiconductor industry [1]

Core Viewpoint - The recent policy announcement emphasizes the importance of technological self-reliance and aims to accelerate high-level technological independence, positioning it as a primary goal for social development in the next decade [1] Semiconductor Industry Overview - The semiconductor sector in A-shares has seen a cumulative increase of over 50% since the beginning of the year, driven by the global demand for AI technology [2] - Global semiconductor sales are projected to reach $630.5 billion in 2024, marking a 19.7% year-on-year increase, with significant growth in logic chips (37%) and storage chips (20%) [2] - The demand for semiconductors remains robust, with major tech companies like Google, Microsoft, and Amazon expected to spend over $360 billion on AI infrastructure by 2025 [2] Market Dynamics - The storage chip market is currently experiencing a price surge, with major players like Samsung and SK Hynix planning to increase prices by up to 30% in Q4 2023 due to rising AI-driven demand [3] - The Ministry of Industry and Information Technology is seeking public input on a guideline aimed at establishing a comprehensive computing power standard system by 2027, which is expected to enhance the efficiency of computing resources and promote domestic chip production [3] Financial Performance - The semiconductor sector's overall revenue increased by 15.54% year-on-year, with net profit growth reaching 32.41% [5] - Notable performances include AI chip leader Cambricon, which reported a staggering revenue increase of 4347.82% year-on-year, and Haiguang Information, with a revenue growth of 45.21% [5][6] Growth Drivers - The growth in the semiconductor industry is driven by a rebound in demand, particularly in AI computing power, which is expected to grow by over 90% in China by 2025 [8] - The domestic substitution rate in mature processes has reached approximately 70%, with certain sectors exceeding 80%, indicating a significant shift towards local production [9] Investment Landscape - The semiconductor equipment ETF E Fund (159558) has seen a net inflow of 1.084 billion yuan in the past 20 days, reflecting strong investor interest [5] - The overall valuation of the semiconductor sector is currently above the market average, with a PE ratio of around 50, but is expected to drop to approximately 35 as profits grow [11][12] Conclusion - The domestic semiconductor industry is in a positive cycle characterized by demand recovery, technological breakthroughs, policy support, and strong financial performance [14] - Key investment themes include AI innovation and domestic substitution, focusing on companies with technological advantages and strong performance [16]