Price increase expectations are heating up! Tianhong Sci-Tech Chip Design ETF (589070) has attracted over 55 million yuan in capital inflows for three consecutive days, and the pullback presents a good opportunity for investment.

In the market, both major exchanges are fluctuating downward, with chip design concepts declining. Regarding related ETFs, the Sci-Tech Innovation Chip Design ETF Tianhong (589070) index fell 0.72 intraday, with a trading volume of 37.6612 million yuan; turnover rate reached 6.11%. Among the constituent stocks, Shengke Communication-U, Anlu Technology, Haiguang Information, and others declined together.

Notably, Wind data shows that the Sci-Tech Innovation Chip Design ETF Tianhong (589070) has achieved continuous “fund inflows” over the past three trading days (March 11–13, 2026), totaling 55.64 million yuan. Over the last ten trading days, it has net received 93.5675 million yuan. As of March 13, 2026, the fund’s latest size was 622 million yuan, with a growth of 622 million yuan since the beginning of the year, ranking first among similar funds.

Focusing on the core areas of sci-tech innovation chip design, policies continue to support and safeguard the industry, seizing upstream investment opportunities driven by emerging fields like AI. The Sci-Tech Innovation Chip Design ETF Tianhong (589070) tracks an index covering 50 listed companies in the sci-tech innovation chip design sector, with high concentration among constituent stocks, and daily maximum gains and losses reaching 20%. As upstream inference demand continues to grow rapidly and domestic substitution advances, the sector’s allocation value becomes more prominent.

The current PE-TTM of the Sci-Tech Innovation Chip Design Index is 182.43 times, at its lowest level in history, significantly below all previous periods. The current valuation offers attractive cost-effectiveness, providing a better entry point for long-term investment.

On the news front, according to the Economic Daily, the world’s four major mature process wafer foundries plan to raise prices starting April, with increases up to 10%. This cost pressure is expected to lead IC design companies to raise product prices. Meanwhile, CITIC Securities Research reports that NVIDIA’s GTC 2026 conference opens today, expected to unveil a new generation of AI chips, boosting confidence in the growth of the computing power industry chain. Additionally, Galaxy Securities and Northeast Securities report that international manufacturers of analog chips are following price increases, industry inventories are becoming healthier, and domestic policies favoring innovation and substitution are increasing the demand for domestically produced core components like exchange chips, creating market opportunities for local design companies.

CICC believes that the chip design industry is entering a trillion-dollar market opportunity, with six major leading clients continuously increasing their AI chip investments. It is expected that by 2027, AI chip revenue alone will exceed 100 billion USD. Broadcom, with over 20 years of technological accumulation and mass production capability, maintains a significant advantage in the custom accelerator field, and the COT model is unlikely to shake its leadership in the short term.

Daily Economic News