NewTimeSpace — 14 Jan: Boosted by AI-related demand for memory chips and the gear and materials needed to make them, China’s semiconductor sector is surging. Global X China Semiconductor ETF (03191.HK) is up almost 3%. Listed in Hong Kong and managed by Global X’s Korea team, it is the only HK-listed ETF that gives a pure-play bet on the entire China-semiconductor value chain.

Third-quarter portfolio data show the underlying index is 100% China-semiconductor focused. The top-10 holdings—North Huachang, SMIC, Montage, AMEC, Guoxin Micro, etc.—span the full industry chain, avoiding the dilution common in broader “tech” ETFs that lump in handset makers or software names.

Headlines: Washington eased its AI-chip export rules. The U.S. Federal Register published Tuesday shows Nvidia’s H200 is now cleared for shipment to China. President Trump flagged the move on social media earlier in the week.

Zhongyuan Securities notes the industry remains in an up-cycle, with AI the key driver. AI appetite is pushing memory prices higher and should spur domestic fabs to expand capacity. The upcoming listing of China’s leading memory-wafer maker is expected to accelerate orders for local semiconductor-equipment suppliers. (Source: CITIC CLSA Strategy, 4 Aug 2025, “Semiconductor 2H25 Investment Strategy”.)

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