Sci-Tech Chip Design ETF Penghua rises over 4.2%, domestic super node solutions are expected to usher in the first year of mass production

On the news front, amid the surge of domestic AI accelerator card share in 2025 to 41% (about 1.65 million units), Ethernet is breaking the NVLink monopoly. At home, leading core switch-chip manufacturers have already achieved mass production and deployment of 25.6T products at major customers. Combined with the launch of 100k-card clusters by top-tier vendors (latency down to 4 microseconds, network utilization above 95%), the industrial roadmap is running smoothly across the board.

Institutions believe that the mass-production kickoff year for the domestically developed supernode solution led by Spcon Communications has arrived. The market’s core logic is shifting from single-card process-node competition toward “network-to-compute conversion power” driven by the supernode architecture (Scale Up). Combined with the completion of the major fund’s selling down by core manufacturers, this restructuring of compute-power infrastructure is pushing domestic compute power into a phase where performance is realized alongside both price and volume increases, becoming the most core Alpha in 2026.

As of 2026-04-08 10:12, the Shanghai STAR Market chip design theme index (950162) rose strongly by 4.27%. Among constituent stocks, Zhenlei Technology rose 14.02%, SiRuiPu rose 9.17%, Spcon Communications rose 7.66%, and stocks such as Ruentop Technology and Fudan Microelectronics followed higher. The Penghua CSI STAR Market Chip Design ETF (589170) rose 4.24%, attempting a third consecutive winning session. The latest price was 0.91 yuan.

The Penghua CSI STAR Market Chip Design ETF tightly tracks the Shanghai STAR Market chip design theme index. The index selects, as its sample securities, securities of listed companies on the STAR Market whose businesses involve the chip design field, to reflect the overall performance of securities of listed companies in the STAR Market’s chip design sector.

According to data, as of 2026-03-31, the top 10 weighted stocks of the Shanghai STAR Market chip design theme index (950162) were Ruentop Technology, Hygon Information, Chipron Co., Ltd., B&W Storage, Cambricon, Realtek Micro and Nano, AccelChip, HCC Semiconductors, Loongson Technology, and Zhenlei Technology. The combined share of the top 10 weighted stocks was 58.85%.