---
title: "The overall chip industry chain is under pressure, while CPU concept stocks are active against the trend, and semiconductor equipment ETFs have seen increased funding against the trend"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280641730.md"
description: "On March 26th, the A-share chip semiconductor sector faced overall pressure, with core segments such as AI chips and memory chips generally weakening, while only a few CPU concept stocks rose against the trend. The CSI Chip Industry Index fell by 2.6%, and the SSE STAR Chip Design Thematic Index dropped by 2.4%. Despite the overall market weakness, the E Fund Semiconductor Equipment ETF saw a net subscription of 6 million shares, indicating a counter-trend increase in capital"
datetime: "2026-03-26T13:29:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280641730.md)
  - [en](https://longbridge.com/en/news/280641730.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280641730.md)
---

# The overall chip industry chain is under pressure, while CPU concept stocks are active against the trend, and semiconductor equipment ETFs have seen increased funding against the trend

On March 26, the A-share chip semiconductor sector experienced a collective adjustment, with core segments such as AI chips, memory chips, and semiconductor equipment generally weakening, while only a few CPU concept stocks rose against the trend. By the close, the CSI Chip Industry Index fell by 2.6%, the SSE STAR Chip Design Thematic Index fell by 2.4%, the CSI Semiconductor Material & Equipment Thematic Index fell by 2.2%, and the SSE STAR Chip Index fell by 2.0%, showing a clear downward trend across the sector.

From the perspective of index characteristics and valuations (data source: Wind, as of March 25, 2026):

CSI Chip Industry Index: rolling price-to-earnings ratio of 123.0 times, with a valuation percentile of 93.2% since its release in 2015, the semiconductor industry accounts for over 95%, covering the entire industry chain of chip design, manufacturing, packaging, and testing;

SSE STAR Chip Index: rolling price-to-earnings ratio of 160.9 times, with a valuation percentile of 69.1% since its release in 2022, focusing on leading chips in the STAR Market, covering core segments such as semiconductor materials, equipment, design, and manufacturing;

SSE STAR Chip Design Thematic Index: rolling price-to-earnings ratio of 174.8 times, focusing on the subfields of digital chip and analog chip design;

CSI Semiconductor Material & Equipment Thematic Index: rolling price-to-earnings ratio of 96.1 times, with a valuation percentile of 76.1% since its release in 2018, the semiconductor equipment and materials industry accounts for over 85%.

The semiconductor equipment ETF tracking the CSI Semiconductor Material & Equipment Thematic Index, E Fund (159558, linked fund A/C: 021893/021894), received a net subscription of 6 million shares throughout the day. All E Fund's chip series ETFs are low-fee products.

Risk warning: Funds have risks, and investment requires caution

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