Institutions are optimistic about the storage chip sector. The Tianhong (589070) Sci-Tech Chip Design ETF has attracted over 120 million yuan in the past 20 days, ranking first among similar funds.

Yesterday (March 30), the market bottomed out and rebounded. The three major indexes moved in different directions, and the SSE Composite Index turned positive and rose. As of the close, the SSE STAR Market chip design theme index (950162.SH) fell 1.02%. Among the constituents of this index, Zhenlei Technology rose by more than 6%, Siterway and Raytron Micro-Nano rose by more than 2%, and 6 stocks including Shengke Communication and Tiande Yu rose by more than 1%.

Regarding related ETFs, the Tianhong STAR Market Chip Design ETF (589070) had a trading value of over RMB 46 million yesterday, with a real-time premium rate of 0.06%. In terms of fund flows, as of March 27, over the past 20 trading days this ETF had accumulated net inflows of more than RMB 120 million, ranking first among comparable products. The ETF’s latest circulating shares were 713 million, and its latest circulating size was RMB 623 million.

The Tianhong STAR Market Chip Design ETF (589070) has a 20% trading limit range for up and down moves. The product tightly tracks the SSE STAR Market chip design theme index. The index focuses on the core chip design links, and the related industry exposure is close to 95%, with a high level of industry concentration and a prominent “chip content.” Its constituent stocks include 50 leading enterprises in the STAR Market chip sector.

On the news front, according to Caixin/Finace, broadening momentum in sector conditions continues, and institutions are optimistic about the memory chip segment. Since the beginning of this year, the memory chip sector has delivered a solid rally supported by a strong industry cycle and performance drivers. Data shows that as of March 25, the CSI memory chip industry index has risen 19% year-to-date. Many institutions believe that although the memory industry has already gone through a round of gains, this cycle’s sustainability may exceed expectations under the combined support of multiple factors, including AI-driven demand, tight supply, and spreading improvements in sector conditions. Related companies’ valuations still have room to rise, and the memory chip industry is entering a key window for the continuation of high-activity conditions.

According to Guojin Securities: the semiconductor industry has entered a new cycle centered on AI/5G, with a logic/memory chip demand structure that is growing steadily.