The overall chip industry chain is under pressure, with CPU concept stocks defying the trend and semiconductor equipment ETFs receiving funds to increase their holdings against the trend.

GateUser-bd883c58 · 2026-03-30T13:43:22+00:00

On March 26th, the A-share chip and semiconductor sector generally experienced adjustments, with most core components declining and only a few CPU concept stocks rising. Major indices such as the CSI Chip Industry Index and the Shanghai STAR Market Chip Index all showed significant declines. The Semiconductor Equipment ETF from E Fund received a net subscription of 6 million shares throughout the day.

GateUser-bd883c58

2026-03-30 13:43:22

Abstract generation in progress

On March 26, the A-share chip and semiconductor sector saw a broad pullback. Key areas such as AI chips, memory chips, and semiconductor equipment generally weakened, with only a few CPU concept stocks rising against the trend. By market close, the CSI Chip Industry Index fell 2.6%, the SSE STAR Market Chip Design theme index fell 2.4%, the CSI Semiconductor Materials and Equipment theme index fell 2.2%, and the SSE STAR Market Chip Index fell 2.0%, showing a clear pattern of broad declines across the sector.

Judging from index characteristics and valuations (data source: Wind, as of March 25, 2026):

CSI Chip Industry Index: trailing price-to-earnings ratio of 123.0x; since its launch in 2015, the valuation percentile has been 93.2%; the semiconductor industry accounts for more than 95%, covering the full industrial chain including chip design, manufacturing, and packaging/testing;

SSE STAR Market Chip Index: trailing price-to-earnings ratio of 160.9x; since its launch in 2022, the valuation percentile has been 69.1%; focused on leading chip stocks on the STAR Market, covering key links such as semiconductor materials, equipment, design, and manufacturing;

SSE STAR Market Chip Design Theme Index: trailing price-to-earnings ratio of 174.8x; focused on sub-segments of digital chip and analog chip design;

CSI Semiconductor Materials and Equipment Theme Index: trailing price-to-earnings ratio of 96.1x; since its launch in 2018, the valuation percentile has been 76.1%; semiconductor equipment and materials account for more than 85%.

Semiconductor equipment ETF E Fund (159558, feeder fund A/C: 021893/021894), which tracks the CSI Semiconductor Materials and Equipment Theme Index, received net subscriptions of 6 million shares throughout the day. All chip-related series ETFs under E Fund are low-fee products.

Risk warning: Funds involve risk; invest cautiously.

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