The E Fund Asia Semiconductor ETF (03486) rose by more than 2%, reaching a new high of 17.15 Hong Kong dollars. This ETF tracks the Solactive Asia Semiconductor Selection Index, covering 30 leading Asian semiconductor companies such as SK Hynix, TSMC, SMIC, and Huahong Semiconductor. As of the time of writing, it has risen by 2.45% to 17.14 Hong Kong dollars, with a turnover of 8.0082 million Hong Kong dollars. In terms of news, since March, the storage and wafer foundry sectors have simultaneously started a wave of price increases, transitioning from destocking to restocking phase in the industry. The demand for AI computing power has exploded, becoming the core engine, with a continuous widening gap between supply and demand for HBM (High Bandwidth Memory). Leading storage companies like SK Hynix have full order books, and profits are growing beyond expectations. Additionally, TSMC's recent first-quarter report exceeded expectations, and their optimistic outlook on AI has injected confidence into the entire computing power industry chain.