Semiconductors are staging a major rebound! E Fund Asia Semiconductor ETF (3486) opened up more than 5%.

Today, the semiconductor sector staged a strong rebound, with E Fund Asia Semiconductor ETF (3486.HK) surging over 5% at market open, precisely capturing investment opportunities in the storage and semiconductor industry chain.

Currently, the logic for the memory supercycle remains solid and is expected to continue. On the supply side, this round of memory capacity expansion lags behind previous cycles by about a year, and the tight supply-demand situation is expected to persist, supporting industry sentiment. On the demand side, analysts from South Korean brokerage Daishin Securities clearly stated that the moderation in spot prices is not a signal of a reversal in pricing trends, and the true peak of the memory cycle requires waiting for a structural shift in downstream AI demand. Currently, capital expenditures from leading AI companies like OpenAI and Anthropic, as well as major network service providers, continue to accelerate, with strong procurement demand for AI servers. The AI-driven memory supercycle may have only just entered its mid-phase, with HSBC predicting that the memory shortage could last for one to two years.

Furthermore, enterprise-level demand provides strong support for the market. In 2026, the memory industry will enter a phase driven by AI infrastructure: on one hand, demand for HBM (High Bandwidth Memory) is surging, with its production consuming several times the wafer capacity of traditional DRAM, directly leading to a significant squeeze on DDR5 capacity and tightening supply in the consumer market; on the other hand, AI models' need for processing massive amounts of data is driving a substantial increase in demand for large-capacity enterprise SSDs. Although consumer segments may see specification downgrades, with the strong support of enterprise demand, 2026 could still see steady revenue and profit growth for leading memory manufacturers like SK Hynix.

The E Fund Asia Semiconductor ETF (3486.HK) closely tracks the Solactive Asia Semiconductor Select Index, providing one-click access to 30 leading companies across the entire Asian semiconductor industry chain, including SK Hynix, TSMC, and SMIC, focusing on high-barrier, high-growth core segments. In the industry context of structural chip shortages and the resonance of AI demand, this ETF is a high-quality tool for investors to efficiently allocate to core Asian semiconductor assets and capture cyclical opportunities.