--- title: "Today, the Penghua Semiconductor ETF had a net subscription of 88 million units, with institutions stating that the demand for AI infrastructure is surging, and the supply-demand gap in storage will continue for 1-2 years" type: "News" locale: "en" url: "https://longbridge.com/en/news/281146083.md" description: "The Penghua Semiconductor ETF had a net subscription of 88 million units today. Institutions pointed out that the demand for AI infrastructure construction has surged, and the supply-demand gap for storage will continue for 1-2 years. Despite market concerns that storage prices may slow down, institutions believe that TurboQuant technology will accelerate the popularization of AI applications, thereby increasing storage demand. External conflicts have limited impact on memory manufacturers. The Guozheng Semiconductor Chip Index fell by 3.63%, with component stocks generally declining. The latest quote for the Penghua Semiconductor ETF is 1.04 yuan" datetime: "2026-03-31T07:49:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281146083.md) - [en](https://longbridge.com/en/news/281146083.md) - [zh-HK](https://longbridge.com/zh-HK/news/281146083.md) --- # Today, the Penghua Semiconductor ETF had a net subscription of 88 million units, with institutions stating that the demand for AI infrastructure is surging, and the supply-demand gap in storage will continue for 1-2 years The market experienced fluctuations today, with funds positioning in the semiconductor sector at lower prices. The semiconductor ETF Penghua (159813) saw a net subscription of 88 million shares today, marking four consecutive days of net subscriptions. Institutions pointed out that it is still too early to be pessimistic about the memory industry. The demand for AI infrastructure construction is surging, and the supply-demand gap will continue for 1-2 years. Market concerns include: 1. Media reports indicate a decline in spot prices for DRAM in Huaqiangbei, raising worries about a slowdown in memory price growth in the second half of 2026; 2. Google's TurboQuant and NVIDIA's KVTC technology may significantly reduce AI servers' memory usage; 3. The conflict in the Middle East is affecting raw material and electricity prices. Institutions believe that: 1. Regarding TurboQuant: Although the technology can compress the size of KV Cache, after system efficiency improvements, the context length and number of concurrent users will grow exponentially. This will not reduce demand; rather, it will accelerate the proliferation of AI applications, triggering more intense storage demand. 2. External conflicts have minimal impact on the raw material supply for memory manufacturers. 3. The demand for AI infrastructure construction is surging, and the supply-demand gap will continue for 1-2 years. The inventory and speculative positions in the Huaqiangbei channel have led to price declines, but spot prices are expected to gradually stabilize under strong contract prices. As of March 31, 2026, at 15:00, the Guozheng Semiconductor Chip Index (980017) fell by 3.63%. Among the constituent stocks, Zhaoyi Innovation led the decline at 6.94%, Beijing Junzheng fell by 5.57%, OmniVision Technologies dropped by 5.34%, Lattice Semiconductor decreased by 5.09%, and Shengbang Technology fell by 4.88%. The semiconductor ETF Penghua (159813) declined by 3.53%, with the latest quote at 1.04 yuan. The semiconductor ETF Penghua closely tracks the Guozheng Semiconductor Chip Index to reflect the market performance of listed companies related to the chip industry on the Shanghai and Shenzhen stock exchanges, enriching index investment tools and compiling the Guozheng Semiconductor Chip Index. Data shows that as of February 27, 2026, the top ten weighted stocks in the Guozheng Semiconductor Chip Index (980017) are Haiguang Information, SMIC, Zhaoyi Innovation, Northern Huachuang, Lattice Semiconductor, Cambrian, Zhongwei Company, OmniVision Technologies, Chipone Technology, and Changdian Technology, with the top ten weighted stocks accounting for a total of 68.81%. The semiconductor ETF Penghua (159813) has off-exchange connections (A: 012969; C: 012970; I: 022863) ### Related Stocks - [159801.CN](https://longbridge.com/en/quote/159801.CN.md) - [159995.CN](https://longbridge.com/en/quote/159995.CN.md) - [512760.CN](https://longbridge.com/en/quote/512760.CN.md) - [159813.CN](https://longbridge.com/en/quote/159813.CN.md) ## Related News & Research - [Cathie Wood Just Bet $46 Million on a Newly Public AI Chip Stock. Should You Follow Her?](https://longbridge.com/en/news/286991566.md) - [Semiconductor names have never before held this much sway over the stock market. 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