Rising Memory Demand Puts Semiconductor ETFs in Focus Near TSMC's Six-Month Moving Average

蔡蔡欣怡 理財線記者2026-10-29 00:30

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Musk said mass production of robots will intensify memory shortages, lifting Nanya Technology and Winbond, while institutional investors suggest adding semiconductor ETF positions in batches as TSMC rebounds near its six-month moving average, highlighting ASIC and memory opportunities, with focus ahead on AI capex and earnings.

Rising Memory Demand From Mass Robot Production

Tesla CEO 馬斯克 said robots will require much larger memory, beyond imagination, and shortages will worsen once mass production begins, refocusing the market on memory stocks and driving Taiwan-listed Nanya Technology and Winbond and other memory supply chains. Institutional investors noted that in the physical-AI robot era, in addition to surging memory demand, custom ASIC chip opportunities should not be overlooked.

Semiconductor ETFs Mostly Centered on TSMC

According to CMoney statistics, as of October 28, there are 5 semiconductor ETFs holding TSMC as their largest holding. Except for Taishin Taiwan IC Design ETF (00947), whose largest holding is Global Unichip at 11.68%, all other Taiwan semiconductor ETFs hold TSMC as their largest holding, playing a leading role, with varying TSMC weightings.

Clear Performance Divergence

On performance, over the past 1 year, Taishin Taiwan IC Design (00947) rose 131.86%, the best performer. Over 3 years, Taishin Taiwan Semiconductor 30 (00904) led with a 282.84% total return including dividends, showing leaders differ by period.

Institutions Suggest Buying in Batches Near Six-Month Moving Average

Huang Yumin, manager of Taishin 00904 and 00947 ETFs, said weakness in semiconductor stocks mainly reflected surging U.S. Treasury yields. However, with strong earnings from U.S. tech companies and continued robust 2027 outlook, there is still a chance to support short-term buying. Investors optimistic about memory and ASIC growth are advised to gradually add semiconductor ETF positions in batches once TSMC share price rebounds upward near its six-month moving average, while continuing to monitor AI capital expenditure, memory demand and corporate earnings. For the medium to long term, focus remains on market trends around the November U.S. midterm elections and Taiwan local elections.

FAQ

Why do institutions suggest positioning in semiconductor ETFs when TSMC approaches its six-month moving average?

Institutions view TSMC as the largest holding of many semiconductor ETFs with a leading role, so if its share price rebounds upward near the six-month moving average, it could lift the group, and investors may gradually add positions in batches.

Which semiconductor ETFs performed best over the past 1 year and past 3 years?

According to CMoney statistics as of October 28, over the past 1 year Taishin Taiwan IC Design (00947) was the best with a 131.86% gain, while over 3 years Taishin Taiwan Semiconductor 30 (00904) led with a 282.84% total return including dividends.

What is Huang Yumin's view on the semiconductor outlook?

Huang Yumin said short-term pressure came from surging U.S. Treasury yields, but strong U.S. tech earnings, a continued robust 2027 outlook, and TSMC's earnings call confirming strong chip demand support the market, with focus ahead on AI capital expenditure, memory demand and corporate earnings, and a rebound possible in the medium to long term once uncertainties clear.