2.9% lead the gains! The semiconductor equipment and materials sector erupts, with the entire chip industry chain simultaneously recovering.

Ask AI · Semiconductor Equipment ETF Inflows Signal What Trend?

On March 25, China’s A-share chip and semiconductor sector saw an across-the-board rally. All links in the industry chain warmed up in sync, and the equipment and materials sub-sectors in particular stood out: the CSI Semiconductor Materials and Equipment thematic index led with a gain of 2.9%. The SSE STAR Market Chip Index, which focuses on the full industry chain of the STAR Market, and the SSE STAR Market Chip Design thematic index, which focuses on chip design in particular, both rose 2.6%. The CSI Chip Industry Index, which covers the full industry-chain ecosystem, increased 2.5%, and sector sentiment clearly rebounded.

From index characteristics and valuation (data source: Wind, as of March 24, 2026):

CSI Chip Industry Index: trailing price-to-earnings (P/E) ratio of 120.4x. Since its launch in 2015, its valuation percentile has been 91.3%. The semiconductor industry accounts for over 95%, covering the entire chip industry chain including chip design, manufacturing, and packaging/testing;

SSE STAR Market Chip Index: trailing P/E ratio of 157.6x. Since its launch in 2022, its valuation percentile has been 66.5%. It focuses on STAR Market chip leaders and covers core links such as semiconductor materials, equipment, design, and manufacturing;

SSE STAR Market Chip Design thematic index: trailing P/E ratio of 171.0x, focusing on the sub-fields of digital chip and analog chip design;

CSI Semiconductor Materials and Equipment thematic index: trailing P/E ratio of 93.3x. Since its launch in 2018, its valuation percentile has been 74.3%. The shares of semiconductor equipment and materials industries account for over 85%.

On the capital flows front, the semiconductor equipment ETF tracked by the CSI Semiconductor Materials and Equipment thematic index—E Fund (159558, feeder fund A/C: 021893/021894)—saw net subscriptions of 38 million units today. All of E Fund’s chip-themed ETFs are low-fee products.

Risk warning: Funds involve risk; invest prudently.