Chip names are surging again: the STAR 50 Index added 0.57% in the morning session, and CSOP STAR 50 Index ETF (03109.HK) has rallied more than 15% over the past month.

NewTimeSpace Market Watch – 27 Jan: The AI supply chain ripped higher at the open, pushing chip names sharply up and lifting the STAR 50 Index 0.57% by the lunch break.CSOP STAR 50 Index ETF(03109.HK) has now rallied more than 15% in the past month, topping the league table of comparable ETFs.

HKEX data show the fund tracks the STAR 50 Index—an equal-weight gauge of the 50 largest, most liquid stocks on Shanghai’s STAR Market. The basket is dominated by “hard-tech” leaders: semiconductors account for >65% of weight, while medical devices, software and solar-equipment names push the combined tech exposure to almost 80%.

Semis alone sit at roughly 31%, followed by IT services, specialty equipment, chemicals and biotech; the top three sectors together exceed 86% of the index, aligning tightly with Beijing’s “tech-powerhouse” agenda.

In the news, amid AI-driven shortages of memory chips Micron will pump an extra US$24bn into Singapore over the next decade to expand capacity. The investment will add ~1,600 jobs, with wafer output slated to start H2-2028 in a new fab that will deploy AI and full automation.

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