Funds buy the dip! Sci-Tech Chip Design ETF (588780), Semiconductor ETF (512480) both see counter-trend fund inflows in recent 2 days

As of March 23, 2026, 09:38, the Sci-Tech Innovation Chip Design ETF (588780) had a turnover rate of 2.46% during the trading session, with a transaction volume of 22.144 million yuan. Among its constituent stocks, Juchen Co., Ltd. led the decline with a drop of 5.95%, Shengke Communications fell by 5.12%, Chengdu Huawi decreased by 5.06%, Dongxin Co., Ltd. declined by 4.44%, and Huizhi Micro dropped by 4.16%.

The Semiconductor ETF (512480) had a turnover rate of 1.24% during the session, with a total transaction volume of 256 million yuan. Its constituent stocks showed mixed performance, with Zhaosheng Micro leading the gains at 0.45%, Lexin Technology up 0.37%, and China Shipbuilding Special Gas up 0.36%. Meanwhile, Yangjie Technology fell by 6.04%, Juchen Co., Ltd. declined by 5.95%, and Guoke Micro dropped by 5.51%.

Wind data shows that as of March 20, the latest net capital inflow for the Sci-Tech Innovation Chip Design ETF (588780) was 23.184 million yuan. Looking at the past five trading days, there were three days of net capital inflows, totaling 16.0815 million yuan.

The Semiconductor ETF (512480) had a latest net capital inflow of 1.83 billion yuan. Over the past five trading days, three days experienced net inflows, totaling 6.03 billion yuan.

The Sci-Tech Innovation Chip Design ETF (588780) offers a 20% fluctuation margin and tracks an index comprising 50 leading chip companies on the STAR Market. Over 90% of its holdings are in the chip design industry, emphasizing core computing power and targeting high-growth segments within the semiconductor sector. It reflects the trend of core computing power sectors. The ETF is the earliest established and largest in scale among products tracking the STAR Market Chip Index.

Additionally, the Semiconductor ETF (512480) is highly regarded in the market as the only ETF tracking the CSI All-Semiconductor Index, providing a balanced approach to the entire Chinese semiconductor industry chain with one-click deployment. It is available through off-market connect (Class A: 007300; Class C: 007301).

In news, Tesla announced the launch of a super chip manufacturing project codenamed “TERAFAB” in collaboration with its aerospace company SpaceX and AI firm xAI. The project aims to achieve an annual computing capacity of over 1 terawatt (1000 gigawatts), about 50 times the current global chip production capacity, with approximately 80% of the capacity directly serving space missions. The site has been preliminarily selected at the border area between Texas and Nevada, with construction divided into two phases. Phase one is expected to start production in the second half of 2027, with initial chip mass production in 2028. Phase two will be fully completed by 2030. TERAFA B plans an annual capacity of 10 to 20 billion AI and storage chips, roughly 100,000 wafers per month, with a total investment of about $20 billion.

Guojin Securities stated that when the combined cost of power platform, launch, and space cabinet for computing satellites is less than or equal to the manufacturing premium of ground cabinets compared to ground electricity costs, space computing will have a cost-performance advantage. Calculations show this goal is entirely achievable. Additionally, considering that the current North American ground data center grid connection cycle has extended to five years or more, deploying space data centers will facilitate a smoother and faster development of global AI computing power and related downstream applications.

Risk warning: All the above information is for reference only and does not constitute investment advice. All investment operations are at your own risk, and investment decisions should be made cautiously.

Note: “The earliest established and largest scale” refers to the Sci-Tech Innovation Chip Design ETF as of March 20, 2026, which is the earliest and largest product tracking the SSE STAR Market Chip Design Theme Index among all ETFs in the market.