China Semiconductor Index Jumps 9.35% as AI-Related Exports Rise 90% to Over $130 Billion

China’s semiconductor supply chain stocks surged on July 9, with AI-related infrastructure exports—including integrated circuits, semiconductors and optical modules—up 90% year-on-year in January–May to more than $130 billion, according to Jiemian News. As of 3:00 p.m. on July 9, the Guozheng Semiconductor Chip Index (980017) was up 9.35%; Changchuan Technology rose 17.90%, Hwatsing Technology rose 16.61%, Montage Technology rose 15.64%, and Shanghai Silicon Industry and SMIC also gained. The Penghua Semiconductor ETF (159813) climbed 9.99% to 2.08 yuan. GF Securities said Huawei’s “Tao” Law v2 framework extends time-optimization from single chips to AI cluster systems, citing approaches such as Logic Folding to reduce interconnect latency, 3D Folding to optimize packaging topology, and Unified Bus and Hi-ONE to compress communication overhead. GF Securities added that the framework could lift the value of advanced packaging processes such as hybrid bonding, TSV and 2.5D/3D integration, benefiting related equipment, materials and testing segments. Data cited in the report showed that as of June 30, 2026, the top 10 index constituents by weight were GigaDevice, Cambricon, NAURA, Montage Technology, Hygon Information Technology, Advanced Micro-Fabrication Equipment (AMEC), SMIC, BIWIN Storage Technology, Yuanjie Semiconductor Technology and Changchuan Technology, with a combined weight of 66.79%.