Yinhua Fund manager, Fang Jian: Localization is still one of the most promising investment opportunities in the semiconductor industry.

Fang Jian, of YinHua Fund, stated that the technology stock market in China has just begun, and semiconductors are the backbone of technology stocks. Currently, domestication is still one of the most certain investment opportunities in the domestic semiconductor field. Looking ahead to the first quarter of 2026, we will still focus on undervalued, high-growth, large-space, and highly certain domestic semiconductor targets. At the same time, we will closely monitor and actively allocate to chip design and manufacturing companies that benefit from the fundamental certainty of the AI trend.