The era of trillion-dollar semiconductor industry may arrive earlier than expected, with the Guotai Integrated Circuit ETF (159546) surging over 3.4%.

A trillion-dollar semiconductor era may arrive sooner. On April 1, Cathay CSI Integrated Circuit ETF (159546) surged more than 3.4%.

Donghai Securities said that AI computing power has become the core driving force of the semiconductor industry. Driven by AI computing power and the global digital economy, the trillion-dollar semiconductor era may be brought forward to the end of 2026. In 2026, the industry will show three major trends: first, AI computing power leads. Global spending on AI infrastructure will reach $45 billion, driving demand for GPUs, HBM, and high-speed networking chips, and then flowing through the entire chain from wafer fabs to advanced packaging and equipment materials; second, a storage revolution. The market size of HBM will grow significantly, and capacity shortages will be evident; third, technology-driven industrial upgrading. The “advanced process + advanced packaging” dual-engine drive will become the core pathway. Focusing on China, by 2030, China’s wafer capacity is expected to account for 32% of the global total. The share of capacity in the mainstream process nodes of 22~40nm will rise significantly, highlighting China’s scale advantages in mature process technology and its increasingly strengthened strategic position in the global semiconductor capacity landscape. Currently, overseas electronic semiconductor companies are seeing a pullback. China’s semiconductor industry development remains relatively active, and there is still ample long-term room for domestic substitution.

Cathay CSI Integrated Circuit ETF (159546) tracks the Integrated Circuit Index (932087). This index mainly covers companies engaged in integrated circuit design, manufacturing, packaging and testing, as well as related materials and equipment, to reflect the overall performance of securities of publicly listed companies related to China’s integrated circuit industry. The constituent stocks have high technical content and growth potential, reflecting the industry’s level of technological development and market trends. This index emphasizes allocations to the technology sector, and has strong innovativeness and market representativeness.

Risk warning: Mention of individual stocks is only for industry event analysis and does not constitute any recommendation or investment advice regarding any individual stock. Index short-term rises and falls are for reference only and do not represent its future performance, nor do they constitute any commitment or guarantee regarding fund performance. Viewpoints may be adjusted as market conditions change, and do not constitute investment advice or commitments. The fund risks and return characteristics mentioned are different from each other. Investors are kindly advised to carefully read the fund’s legal documents, fully understand product elements, risk grades, and the principles of profit distribution, choose products that match their own risk tolerance, and invest prudently.

Economic Daily News