On April 9, despite overall fluctuations in the A-share market, the semiconductor sector demonstrated notable strength. The科创芯片ETF华宝 (589190), which focuses on comprehensive exposure to the chip industry, saw its intraday price rise by over 1% before closing up 0.22%, marking its fourth consecutive day of gains.
Market highlights included a strong performance in optical chips, with Shijia Photons (688313) surging more than 13% during the session to reach a new all-time high. As demand for AI computing power continues to grow rapidly, optical communication has become a critical component in AI infrastructure development. Industry leader Lumentum forecasts that indium phosphide optical chips will achieve a compound annual growth rate of 85% between 2026 and 2030, highlighting significant growth potential in upstream core components.
Semiconductor materials and equipment stocks also remained active, with Peric Special Gases (688146) climbing over 10% to also set a fresh record. Companies such as Zhongke Feice, Tuojing Technology, and AMEC were among the top gainers. The Ministry of Industry and Information Technology released a draft of 10 industry standards, including testing methods for wet process equipment used in integrated circuit manufacturing, for public consultation. Additionally, the World Semiconductor Trade Statistics organization projected that global semiconductor market sales would reach $975 billion by 2026, representing a year-on-year increase of 26.3%.
In the memory chip segment, according to the latest research from TrendForce, due to ongoing supply constraints, order shifts, and limited capacity expansion among mature process suppliers, Consumer DRAM contract prices are expected to continue rising by 45% to 50% quarter-on-quarter in Q2 2026.
Notably, several memory chip-related companies have already released impressive preliminary Q1 earnings reports. Although Bairui Storage has not disclosed specific figures, the company anticipates revenue of 40 billion to 45 billion yuan for the first two months of 2026, up 340% to 395% year-on-year, with net profit attributable to shareholders projected to increase by 921.77% to 1086.13% to 15 billion to 18 billion yuan.
Against a backdrop of ongoing geopolitical tensions affecting market sentiment, robust earnings and high industry growth may offer a rare source of relative certainty. Aijian Securities expressed optimism that China's domestic chip industry chain is poised for a historic development opportunity, covering segments such as memory chip modules, packaging and testing, manufacturing, and related upstream equipment and materials. Equipment and materials are identified as critical links in the domestic semiconductor industry's advancement, with investment opportunities related to import substitution recommended for close attention.
For investors seeking exposure to the chip industry's "super cycle," the科创芯片ETF华宝 (589190) and its feeder funds (Class A: 021224, Class C: 021225) passively track the SSE Science and Technology Innovation Board Chip Index. While offering balanced and comprehensive exposure across the chip industry chain, the ETF maintains over 90% weighting in core areas like integrated circuits and semiconductor equipment, reflecting high technological content and strong barriers to entry.
Data shows that as of the end of 2025, the SSE Science and Technology Innovation Board Chip Index achieved an annualized return of 17.93% since its base date, significantly outperforming peers such as the STAR Market Semiconductor Index, the China Semiconductor Index, and the CSI All Share Semiconductor Index, with lower maximum drawdowns and a superior risk-return profile.
Note: The SSE Science and Technology Innovation Board Chip Index recorded the following full-year performances over the past five years: 2021: 6.87%, 2022: -33.69%, 2023: 7.26%, 2024: 34.52%, 2025: 61.33%. Index constituent stocks are adjusted according to the index methodology, and past performance does not guarantee future results.
Data source: Shanghai and Shenzhen Stock Exchanges, among others. Institutional view source: Aijian Securities report dated April 2, 2026, titled "2026 Electronic Industry Spring Strategy Report: Balancing Cycles and Growth, Bullish on Sustained Memory Chip Momentum."
ETF fee note: When subscribing for or redeeming fund shares, agents may charge a commission of up to 0.5%, which includes fees levied by stock exchanges and registration institutions. Feeder fund fee details: For the科创芯片ETF华宝 Feeder Fund Class A, the subscription fee (front-end load) is 1,000 yuan per transaction for amounts of 2 million yuan or more, 0.2% for 1 million to 2 million yuan, and 0.5% for amounts below 1 million yuan. The redemption fee is 1.5% for holdings under 7 days and 0% for 7 days or more. Class C charges no subscription fee, with a redemption fee of 1.5% for holdings under 7 days and 0% for 7 days or more; a sales service fee of 0.2% applies.
Risk warning: The科创芯片ETF华宝 passively tracks the SSE Science and Technology Innovation Board Chip Index, which has a base date of December 31, 2019, and was launched on June 13, 2022. The fund is issued and managed by Huabao Fund. Selling agents are not responsible for the fund's investment, redemption, or risk management. Investors should carefully read the Fund Contract, Prospectus, and Fund Product Summary to understand the fund's risk-return characteristics and choose products matching their risk tolerance. The fund manager rates this fund as R4—medium to high risk, suitable for investors with a suitability rating of C4 or above. The performance of other funds managed by the fund manager does not guarantee this fund's results. Past performance is not indicative of future returns. Investing involves risks; caution is advised. Selling agencies (including the fund manager's direct sales channels and other distributors) assess the fund's risk based on relevant laws and regulations. Investors should pay attention to the suitability opinions provided by the fund manager. Suitability assessments may vary among selling agencies, and their risk ratings cannot be lower than the fund manager's assessment. The fund's risk-return profile as described in the fund contract may differ from the risk rating due to different evaluation factors. Investors should understand the fund's risks and returns, consider their investment objectives, horizon, experience, and risk tolerance, and bear investment risks independently. CSRC registration does not guarantee the fund's value, prospects, or returns. Investing involves risks; caution is advised.
MACD golden cross signals have formed, indicating positive momentum for several stocks.
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