Driven by the continued strong global semiconductor market and the explosive demand for AI computing power, the ChinaAMC Asia Semiconductor ETF (03486) has been performing strongly since its listing. As of April 24th, the ETF has risen by nearly 20% since its listing on March 26th. Today, the ETF rose by over 3% intraday, reaching a new high since its listing. In terms of news, the semiconductor industry has seen multiple positive developments since April. Key areas such as storage and wafer foundry have simultaneously seen price increases, moving the industry from a destocking cycle to a restocking phase. The surge in demand for AI computing power has become a core driver, with the supply-demand gap for HBM (High Bandwidth Memory) continuing to widen. Top storage companies like SK Hynix have full orders, leading to profits exceeding expectations. Additionally, TSMC's strong performance in the first quarter, combined with optimistic outlooks for the AI market from management, have further boosted market confidence. The strong sentiment in international markets has also acted as a catalyst. The Philadelphia Semiconductor Index (SOX) rose by 1.71% to 10,078.57 points on Thursday, marking its 17th consecutive day of gains and achieving a 32-year record for the longest streak of consecutive gains, with a monthly increase of up to 32.82%. Institutions generally believe that the current AI-driven semiconductor upcycle is still ongoing, with semiconductor hardware becoming a high certainty direction for AI investment. The ChinaAMC Asia Semiconductor ETF tracks the Solactive Asia Semiconductor Select Index, which covers 30 leading Asian semiconductor companies including SK Hynix, TSMC, SMIC, and Hua Hong Semiconductor. It covers core areas such as chip design, manufacturing, packaging and testing, equipment materials, making it an optimal tool to grasp investment opportunities in the Asian semiconductor industry.