广发证券指出，EDA行业是半导体产业链不可或缺的一环，具备高壁垒和优质商业模式。其壁垒主要 体现在高强度的研发投入及上下游生态协作，需持续应对晶体管增多、芯片尺寸缩小和流片加速的压 力。商业模式以授权制为主，客户黏性强、替代成本高，盈利质量稳定且具备抗周期性，需求受技术迭 代驱动而非短期终端波动。全球EDA市场规模从2018年不足100亿美元增长至目前150亿美元以上，国 内市场规模从2016年约50亿元提升至2025年近200亿元，增速显著高于全球。芯片复杂度提升、先进制 程演进和定制ASIC市场扩张是行业增长的三大核心驱动。国产EDA厂商以点工具突破为主，正通过并 购整合加速向平台化演进，未来行业格局有望重塑。 （文章来源：每日经济新闻） 芯片ETF（512760）跟踪的是中华半导体芯片指数（990001），该指数聚焦于中国A股市场中的半导体 行业，涵盖从材料、设备设计到制造、封装及测试等全产业链环节的上市公司证券，旨在反映半导体芯 片产业链相关上市公司的整体表现。 ...

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供 参考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构 成投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅 读基金法律文件，充分了解产品要素、风险等级及收益分配原则，选择与自身风险承受能力匹配的 产品，谨慎投资。 每日经济新闻 （责任编辑：张晓波 ） 1月6日，芯片ETF（512760）涨超2.3%，半导体自主可控进程引关注 申万宏源证券指出，半导体全产业链与生产制造工艺高度绑定，在设备限制等因素下，国产晶圆厂 开发出新技术路径，海外EDA工具无法为分化的国产工艺提供支撑，这为国产EDA厂商创造了独立的 市场空间。近期EDA行业IPO和并购活跃，交易金额逐步放大，标的趋向数字IC设计的核心环节，行业 进入加速发展阶段。未来 ...

2026年开年行情中，港股和美股的芯片板块表现尤为亮眼。港股华虹半导体涨超9%，中芯国际涨 超5% 。费城半导体指数大涨超4%，其中美光科技涨超10%，阿斯麦、拉姆研究等涨超8%。 2026年开年全球芯片股的狂欢是多重利好因素共振的结果：一是美国政府正式批准台积电2026年度 向中国大陆南京工厂出口芯片制造设备，无需逐案审批，确保产能和交付稳定。二是"国家队"资金持续 加码半导体产业。港交所数据显示，国家大基金在中芯国际H股的持股比例从4.79%飙升至9.25%。三是 有报道称英伟达、AMD计划从2026年初开始"分阶段大幅上调"各类GPU的价格。 AI已成为大国博弈中毋庸置疑的核心焦点， "抢占科技发展制高点，不断催生新质生产力"，这是 党的二十届四中全会就"十五五"提出的明确任务。二〇二六年新年贺词提到"人工智能大模型你追我 赶，芯片自主研发有了新突破"。在外部环境背景下，供应链安全与自主可控是长期趋势。 我们推荐投资者同时关注国内和海外的AI算力产业链，海外算力可关注光模块占比超50%的通信 ETF（515880）；国产算力可关注芯片ETF（512760），追求弹性则可关注科创芯片ETF（589100） ...

华福证券指出，2025年第三季度半导体市场表现创历史新高，行业营收达到2163亿美元，环比增长 14.5%，首次单季突破2000亿美元大关。按照这一增速，2025年全年营收有望突破8000亿美元。半导体 行业增长动力从英伟达和存储领域向外扩散，前四大企业英伟达、三星、SK海力和美光科技合计贡献 了全球半导体行业超过40%的营收，凸显AI加速器和高端存储产品的持续主导地位。 芯片ETF（512760）跟踪的是中华半导体芯片指数（990001），该指数从中国A股市场中选取涉及 半导体材料、设备设计、制造、封装及测试等领域的上市公司证券作为指数样本，以反映半导体行业相 关上市公司证券的整体表现。指数成分股主要来自日均成交金额排名前80%且日均市值前50的证券，每 半年调整一次，具有较高的科技含量和成长性，风格上偏向信息技术领域。 风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供 参考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构 成投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅读基金法律文件，充分了解产 品要素、风险等级及 ...

（文章来源：每日经济新闻） 芯片ETF（512760）跟踪的是中华半导体芯片指数（990001），该指数从沪深市场中选取涉及半导体芯 片设计、制造、封装测试等全产业链环节的上市公司证券作为指数样本，聚焦信息技术领域，精选50只 具有代表性的股票，以反映半导体芯片行业相关上市公司证券的整体表现。 东方证券指出，半导体行业存在扩产及国产替代机会，国内晶圆厂存在明年扩产预期，同时国内存储芯 片双雄的资本化进程正在推进中，可关注国产芯片制造商、设备商、国产算力以及国产替代的半导体材 料。此外，上游涨价趋势仍在延续，供给收缩和需求结构性增长为相关品种赋予了价格上行弹性，新能 源产业上游等方向值得关注。 ...

| 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 ▼ | | --- | --- | --- | --- | --- | --- | | 159516 | 半导体设备ETF | | 1.497 | -0.013 | -0.86% | | 159551 | 机器人产业ETF | man | 1.196 c | -0.023 | -1.89% | | 512760 | 芯片ETF | 11 12 | 1.524 c | -0.031 | -1.99% | | 159546 | 集成电路ETF | 1 | 1.714 c | -0.039 | -2.22% | | 515880 | 通信ETF | 2 | 2.826 c | -0.078 | -2.69% | | 159388 | 创业板人工智能ETF国泰 | f | 1.884 c | -0.058 | -2.99% | 来源：wind 临近年底，海外市场正对AI交易、科技巨头的资本开始进行新一轮的评估。昨日美股高开低走，科技走弱，博通下跌超过5%，Oracle也延续多日 的抛售行情。美国非农就业等重要宏观数据发布在即，可能也压制了市场的风险偏好。 ...

Group 1 - The core viewpoint is that the listing of Moore Threads on the Sci-Tech Innovation Board demonstrates China's strategic commitment to investing in the domestic computing power industry, particularly in the development of next-generation AI and graphics chips [1] - Domestic GPU companies still lag behind international leaders in technology accumulation and ecosystem development, but have achieved breakthroughs in single-chip support for AI computing and graphics rendering [1] - Micron's exit from the consumer storage business to focus on high-growth areas like AI and data centers reflects a trend of supply shortages and rising prices in the storage chip market [1] Group 2 - The current recovery in electronic industry demand, effective supply clearance, and unexpected progress in domestic production efforts indicate structural opportunities in semiconductor equipment, key components, and rising storage prices [1] - The Chip ETF (512760) tracks the China Semiconductor Index (990001), which selects listed companies involved in semiconductor materials, equipment, design, manufacturing, packaging, and testing to reflect the overall performance of semiconductor-related stocks [1] - This index includes 50 representative stocks, focusing on industry leaders and high liquidity companies, covering the entire semiconductor chip industry chain in the information technology sector [1]

Core Viewpoint - The chip ETF (512760) has risen over 1.3%, with institutions indicating that the demand for wafer foundry services may experience structural improvement in the near future [1] Industry Summary - The global wafer foundry industry is expected to see a revenue growth of 22.1% year-on-year by 2025, driven by AI and electric vehicles, which are projected to have shipment growth rates of 24% and 14% respectively in 2026 [1] - As concerns over U.S. tariffs on the semiconductor supply chain diminish, customer inventory strategies are shifting towards healthier levels, with urgent orders anticipated to boost the wafer foundry market performance in the second half of 2025 [1] - The demand for advanced packaging in AI high-performance computing (HPC) is strong, although the CoWoS solution faces capacity shortages and photomask size limitations, leading some cloud service providers to shift towards Intel's EMIB technology [1] - The electronic semiconductor industry may witness a comprehensive recovery in 2025, with an accelerated clearing and repair of the competitive landscape, resulting in a sustained recovery of profit cycles and related company profits [1] Company Summary - The chip ETF (512760) tracks the China Semiconductor Index (990001), which focuses on core enterprises in the semiconductor industry within the Chinese A-share market, covering sectors such as semiconductor equipment, chip design, and integrated circuit manufacturing [1] - This index aims to reflect the progress of domestic semiconductor industry development and technological advancements, characterized by high industry concentration and growth potential [1]

Group 1 - The global storage market is experiencing a worsening supply-demand imbalance, with DRAM DDR5 prices increasing by up to 30% this week, indicating a significant supply shortage [1] - Major manufacturers like Kingston are continuing to limit shipments due to tight supply conditions, while many module manufacturers are actively purchasing chips in the spot market to meet stocking pressures [1] - The demand for computing power driven by the AI wave is expected to significantly increase the value across various segments, including servers, AI chips, optical chips, storage, and PCB boards [1] Group 2 - The Chip ETF (512760) tracks the China Semiconductor Index (990001), focusing on publicly listed semiconductor-related companies, covering core areas such as semiconductor materials, equipment, and end applications [1] - The index selects no more than 40 representative securities as samples to reflect the overall performance of the semiconductor industry chain, emphasizing upstream sectors with high technological content and trends of domestic substitution [1]

Core Viewpoint - The technology sector is performing well this year, leading to increased sensitivity in the market, especially during sideways trading periods. Investors are advised to focus on opportunities for buying on dips while being cautious of chasing hot concepts that may lead to losses [1]. Group 1: Market Overview - The overall market liquidity is improving, and there are clear signs of a bull market, with various sectors expected to perform accordingly. The upcoming performance vacuum period starting in November is anticipated to make many sectors more active, as is typical in the second half of the year [1]. - Investors are encouraged to select sectors with strong fundamentals and robust performance support, as these will provide higher safety margins. Strategies such as dollar-cost averaging and buying on dips are recommended for participation [1]. Group 2: Focus on Computing Power Sector - The computing power sector includes both overseas and domestic computing power directions. For overseas computing power, the communication ETF (515880) is recommended due to its high correlation with the overseas computing industry chain and expected strong performance [2]. - In the domestic computing power sector, the semiconductor industry chain is crucial. For those seeking flexibility, the GPU-related opportunities within the semiconductor chain should be monitored, particularly through the chip ETF (512760) and the more elastic science and technology chip ETF (589100). For investors prioritizing safety, the semiconductor equipment ETF (159516) is highlighted for its relatively low valuation and high safety [2].