Domestic semiconductor-equipment localization is set to accelerate; Global X China Semiconductor ETF (03191.HK) has gained nearly 17% year-to-date.

NewTimeSpace– Jan 19: Cash keeps flowing into A-share semis. At 14:37, Global X China Semiconductor ETF (03191.HK) is up again, bringing its YTD gain to nearly 17%. Listed in Hong Kong and managed by Global X’s Seoul team, the ETF is the only pure-play on the entire China semiconductor value chain available in the HK market.

Third-quarter factsheets show the underlying index is 100% China-semiconductor focused. The top-10 names — North Huachang, SMIC, Montage, AMEC, Guoxin Micro, etc. — span wa-front to wa-back end, avoiding the consumer-electronics or software dilution common in generic “tech” ETFs.

Meanwhile, Xidian University researchers have turned a rough “island” interface into an atomically flat film, sharply boosting heat dissipation and device performance — a “China paradigm” for high-quality material integration.

CMB Securities (report of 14 Jan 2026) notes that China’s wafer-fab equipment localisation rate was only 25% in 2024, with lithography <1%, metrology 9% and coat-develop 12%. MIR projects the overall figure will reach 30% by 2026, underpinning the next leg of home-grown equipment demand.

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