The Science and Technology Innovation Chip Design ETF Puyin (589250) rose more than 2% in the morning session, hitting a new high again, focusing on design with high flexibility.

As of 9:38, the Puyin Science and Technology Innovation Chip Design ETF (589250) rose 0.95%, having surged over 2% in the morning session, continuing to set new highs since its listing. Among the constituent stocks, Shengke Communication rose over 5%, while Haiguang Information and Anlu Technology rose over 3%. Leshi Technology, Cambricon, and Lanqi Technology rose over 1%. Wind data shows that as of April 17, the Shanghai Science and Technology Innovation Board Chip Design Theme Index, tracked by the Puyin Science and Technology Innovation Chip Design ETF (589250), has risen 66.95% over the past year.

The chip industry is seeing price increase notices again. According to reports, wafer foundry UMC has issued price hike notifications to customers, indicating that wafer prices will be adjusted in the second half of 2026. Supply chain sources say the increase for UMC's 8-inch wafers is the most significant, around 10%-15%. Regarding the price hike, UMC stated that demand in communications, industrial, consumer electronics, and AI-related fields remains robust, driving a continued tightening of the overall capacity environment for its product portfolio.

To meet demand, OpenAI is expanding its presence in the chip sector. According to The Information, OpenAI has reached an agreement with chip designer Cerebras, committing to pay over $20 billion over the next three years to lease servers powered by Cerebras chips. It is reported that Cerebras chips have already provided computing power support for OpenAI's new code model, Codex-Spark.

China Galaxy Securities points out that the global semiconductor industry chain's prosperity continues to rise in 2025, with AI driving strong demand for advanced processes and mature process capacity remaining full. Meanwhile, semiconductor equipment spending in mainland China is near historical highs. In 2026, memory prices are expected to continue their strong growth, with DRAM and NAND Flash contract prices projected to rise significantly, supported by tight supply and robust demand. SEMI identifies AI computing power, the memory revolution, and technology-driven industry upgrades as the three core trends for 2026, suggesting the era of a trillion-dollar global semiconductor market may arrive ahead of schedule.

The Puyin Science and Technology Innovation Chip Design ETF (589250) closely tracks the Shanghai Science and Technology Innovation Board Chip Design Theme Index (950162), focusing heavily on 50 listed chip design companies on the STAR Market, with digital chip design accounting for nearly 80% of the weight. It avoids segments like semiconductor materials/equipment, manufacturing, and packaging/testing. Within the chip sector, it has a lower valuation compared to the semiconductor materials index, better aligning with industry development trends.

In terms of volatility, the Shanghai Science and Technology Innovation Board Chip Design Theme Index only includes chip design companies listed on the STAR Market, with constituent stocks having a daily price fluctuation limit of ±20%, offering greater volatility and stronger offensive potential.

Regarding growth, the Puyin Science and Technology Innovation Chip Design ETF (589250) tracks the Shanghai Science and Technology Innovation Board Chip Design Theme Index. During the period from January 5, 2024, to March 30, 2026, the underlying index accumulated a gain of 141.86%, making it the top-performing chip industry theme index, outperforming the Science and Technology Innovation Chip Index (133.60%), the CSI All Share Semiconductor Index (97.77%), and the Semiconductor Materials & Equipment Index (98.39%).