Apple was reported to have acquired mobile DRAM chips at high prices. The Kechuang Chip Design ETF Tianhong (589070) saw a net capital inflow of more than 6.7 million yuan on the previous trading day.

On April 3, the three major indexes all fell collectively, while the chip sector rose against the trend. The STAR Market Sci-Tech Innovation Board chip design theme index (950162.SH) rose 0.46%. Among the constituents of this index, SpecTrue rose more than 7%, Chipone Holdings rose more than 5%, and Fudan Microelectronics rose more than 4%.

Regarding related ETFs, Wind Financial Terminal data shows that as of the close of the day, the Kc-Tech Chip Design ETF Tianhong (589070) had a trading value of over 43 million yuan, with a turnover rate of over 7%. In terms of capital flows, on April 3, this ETF saw net inflows of more than 6.7 million yuan.

The Kc-Tech Chip Design ETF Tianhong (589070) tracks the STAR Market Sci-Tech Innovation Board chip design theme index. This index covers every link of the industrial chain, including chip design, manufacturing, IC packaging and testing, and equipment, reflecting the overall development trend of the semiconductor industry. Based on Shenwan industry classification, digital chip design and analog chip design are the top two weight industries, together accounting for more than 94%.

On the news front, according to Caixin Media, citing informed sources in South Korea, Apple is in the process of acquiring all available mobile DRAM chips in the market at extremely high prices, even at the cost of sacrificing part of its operating profits. This would prevent competitors from obtaining enough memory chips. This speculation is almost identical to the views of well-known analyst Guo Mingqiang in January this year. At the time, Guo Mingqiang had also believed that DRAM price increases would affect Apple’s gross margin, but absorbing the costs would help capture a larger market share, and Apple could make up for losses through services.

GF Securities said that with the iteration of GPU architectures, the DRAM storage capacity and production capacity demand corresponding to each GPU have risen significantly. On the demand side, the deployment pace of AI servers is accelerating, and it is expected that DRAM demand growth in 2026 will reach 26%. However, due to the delayed release of new production capacity, tight supply-and-demand conditions may persist into 2027 and beyond.