--- title: "Funds continue to increase positions at low valuations! The Tianhong (589070) SSE STAR Chip Design ETF's underlying index has risen over 2%, with valuations below 99% of the time in the past three years" type: "News" locale: "en" url: "https://longbridge.com/en/news/281831155.md" description: "The Tianhong SSE STAR Chip Design Thematic ETF (589070) has performed strongly recently, with the underlying index rising over 2.73% and a net inflow of funds reaching 105 million yuan, growing its scale to 623 million yuan year-to-date. The index closely tracked by this ETF has increased by 46.12% over the past year, and the current valuation is at a near three-year low, offering strong cost-effectiveness. The market share of domestic GPUs is gradually increasing, and the National Integrated Circuit Industry Investment Fund supports the high-end chip design sector, promoting industry development" datetime: "2026-04-07T02:03:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281831155.md) - [en](https://longbridge.com/en/news/281831155.md) - [zh-HK](https://longbridge.com/zh-HK/news/281831155.md) --- # Funds continue to increase positions at low valuations! The Tianhong (589070) SSE STAR Chip Design ETF's underlying index has risen over 2%, with valuations below 99% of the time in the past three years On the market, both exchanges opened high and rose, with the chip design concept increasing. In terms of related ETFs, the Tianhong SSE STAR Chip Design ETF (589070) saw its underlying index rise by 2.73% during the session, with a transaction volume of 11.5333 million yuan; the turnover rate reached 1.81%. Among the constituent stocks, Shengke Communication-U, Cambricon, Lianyun Technology, Purun Co., Ltd., and Baiwei Storage rose over 5%, with Yutai Micro-U, Canxin Co., Ltd., and Jiahua Te also following suit. Notably, Wind shows that the Tianhong SSE STAR Chip Design ETF (589070) has achieved continuous "capital absorption" over the past two trading days (April 2, 2026 - April 3, 2026), with a cumulative net inflow of 105 million yuan over the last 30 trading days. As of April 3, 2026, the latest scale of the fund is 623 million yuan, with a year-to-date growth of 623 million yuan, ranking first among similar funds. Domestic GPUs are the core track for semiconductor domestic substitution, with the market share of domestic GPU design companies increasing from 5% to 12% over the past three years, indicating a broad substitution space. The National Big Fund Phase III focuses on supporting the high-end chip design field, providing R&D funding and market resource support for domestic GPU companies. The Tianhong SSE STAR Chip Design ETF (589070) closely tracks the SSE STAR Chip Design Index, which has increased by 46.12% over the past year, with its industry allocation mainly including semiconductors (95.1%), military electronics II (4.16%), and software development (0.75%). The top five constituent stocks are Lanqi Technology, Haiguang Information, Chipone Technology, Baiwei Storage, and Cambricon. Data from the past three years shows that the PE-TTM of the SSE STAR Chip Design Index is 168.01 times, with the current valuation at the 0.75% percentile over the past three years, lower than 99.25% of the time in the past three years. From a valuation perspective, the index already possesses strong cost-effectiveness. In terms of news, according to Huafu Securities, Samsung Electronics signed a supply contract with core customers on April 6, with DRAM prices rising by an average of 30% compared to the first quarter, and HBM and general server DRAM prices rising even higher. According to Jimi Network, Microsoft and Google, two major cloud giants, are negotiating long-term contracts with SK Hynix and are even willing to pay upfront. According to Dongfang Caifu, the rental price of Nvidia's H100 has skyrocketed from $1.70 per hour in October 2025 to $2.35 per hour in March this year, an increase of nearly 40%, with the delivery cycle for Blackwell extended to 6-7 months. According to Caixin, Apple is acquiring all available mobile DRAM chips on the market at extremely high prices. Guohai Securities believes that the chip design field is reaching a critical turning point in the era of AI inference and intelligent agents, with explosive growth in computing power demand. With the popularity of heterogeneous computing architectures and the introduction of dedicated chips like LPU, chip design companies need to focus on improving energy efficiency and system-level collaboration, which will be crucial for occupying technological barriers in high-growth tracks such as high-end AI servers, storage, and computing power leasing Daily Economic News ### Related Stocks - [589030.CN](https://longbridge.com/en/quote/589030.CN.md) - [589210.CN](https://longbridge.com/en/quote/589210.CN.md) - [589070.CN](https://longbridge.com/en/quote/589070.CN.md) ## Related News & Research - [Universal Digital Inc. Announces Termination of ETF Partnership Agreement | LFGMF Stock News](https://longbridge.com/en/news/286616540.md) - [This memory chip ETF is off the charts. 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