正文 点击 最 下方 "在看"和" "并分享，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 主要内容 %公众号 SWS 1. 合成生物学:产业级别的投资机会 2. 中国市场：三重关键&有利因素，共推 产业从1至N迸发 3. 上游：专业性强，把握技术创新周期和 国产替代机遇 4. 下游: 产业化初期, 医药、消费、能源 领域进度领先 5. 相关标的及风险提示 1.1 合成生物学:重塑生物技术发展路径 理论层面：合成生物学创新生命科学研究范式，从"格物致知" 到"造物致知" ■ 合成生物使用工程学方法认识和设计生命系统： (1) "自下而上",设计、构造新的生物元 . 件、组件至系统; （2） "自上而下"，对现有的、天然的生物系统进行优化和改造。 应用层面：合成生物学"造物致用"，为生物经济发展提供底层支撑 · 一方面,合成生物升级原有的生物技术至系统化、标准化高度,推动生物技术的平台化发展。 另一方面，在学科交叉和技术整合的基础上孕育技术创新的飞跃。 VS其他生产方式，合成生物是补充或颠覆性技术，在助力化工原料生产、改进传统发 酵工艺、开发新型分子材料方面作用积极 图: 合成生物学理论及产业意义 图 ...

点击 最 下方 "在看"和" "并分享，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 正文 人工智能的范式跃进 亿欧智库:人工智能的发展历程 亿欧智库:Al对生产要素的变革影响 提升劳动者素质(学习新技能、新工具等) 改变工作方式(人机协作、机器工作等) 增强决策能力(辅助决策、机器自决等等) 宁司老 产生新的劳动岗位(数据标注、AI工程师等) 催生新型生产工具(大模型、人形机器人等) 榜如树 推动生产工具智能化(自感知、自决策等) : 促进资源共享和高效协同(平台化、共享化等) e share 生成式AI成熟路径 生成式AI迎来爆发期,根据新兴技术成 熟度曲线的分析,生成式AI处于期望感 t: (2) 100 ) 代B 拓展劳动对象范围(多任务协同、专业度等) 目前生成式AI能实现长文本、长 提高劳动对象利用率(精细化、可持续等) 图板 代码、图片和视频生成,未来将向多模 推动数据成为新型劳动对象(数据、语料等) 劳动对象 视频 态生成迈进 资料来源:公开资料、亿欧智库 未来产业的重要意义 ◆ 在全球地缘政治动荡与经济形式疲软的背景下,未来产业对中国经济发展意义重大。它是创新驱动与产业升级的源动力 ...

Group 1 - The article discusses the characteristics of 5G communication technology, emphasizing the need for high-frequency electromagnetic waves to meet the increasing data transmission demands due to the development of information technology [4][5][6]. - It highlights the relationship between signal transmission loss and dielectric properties, indicating that higher communication frequencies require materials with lower dielectric constants and loss factors [7][8]. - The article outlines the requirements for circuit substrates in high-frequency communication, including low dielectric constant, high thermal conductivity, solvent resistance, and dimensional stability [10][11]. Group 2 - The preparation and performance study of fluorinated thermosetting polyphenylene ether (PPO) is presented, focusing on the effects of physical and chemical modifications on dielectric properties [12][14]. - The article details the curing behavior of PPO-Allyl-F, noting that the conversion rate of double bonds increases with curing time, indicating a first-order reaction [17][18]. - It compares the dielectric performance of various modified PPOs, showing that the dielectric constant and loss vary with the type of modification, with PPO-vinyl exhibiting lower values due to its cross-linked structure [38][39]. Group 3 - The article discusses the preparation and performance of hydrocarbon-based thermosetting polyphenylene ether, emphasizing the impact of different side groups on thermal and dielectric properties [25][26]. - It presents the curing characteristics of hydrocarbon-based PPOs, noting that the conversion rates of carbon-carbon double bonds vary significantly based on curing conditions [30][31]. - The dielectric performance of hydrocarbon-modified PPOs is analyzed, revealing that the introduction of hydrocarbon chains can slightly reduce the dielectric constant while affecting the dielectric loss [37][38]. Group 4 - The article explores the application of modified boron nitride/thermosetting polyphenylene ether composites in circuit boards, highlighting their thermal and mechanical properties [58][59]. - It details the effects of filler content on the thermal conductivity and dielectric properties of the composites, indicating that higher boron nitride content can enhance thermal performance while affecting dielectric characteristics [62][66]. - The study compares the mechanical performance of different composite formulations, noting that excessive filler can lead to reduced mechanical strength due to poor polymer-filler interaction [63][72].

Core Viewpoint - The new materials industry is rapidly growing and is considered a leading sector in the era of hard technology, with significant contributions to high-tech applications, traditional industry upgrades, and national defense capabilities [3][4]. Industry Trends - The global new materials market is expected to reach a scale of 5.6 trillion USD by 2025, with a compound annual growth rate (CAGR) of 13.3% from 2020 to 2025 [50]. - In China, the industry scale increased from 0.8 trillion CNY in 2010 to 8.2 trillion CNY in 2023, with a projected target of 10 trillion CNY by 2025 [13][50]. - The average annual growth rate of the new materials industry is over 15% [13]. Key Innovations - Breakthroughs in semiconductor materials have led to domestic alternatives, such as Huawei's 5G base station chips [8]. - Carbon fiber materials are crucial for the mass production of the C919 aircraft, enhancing autonomous high-end equipment manufacturing [10]. - The development of biodegradable medical coatings has facilitated the domestic production of joint prosthetics, with over 100,000 clinical uses reported [10]. Regional Development - The Yangtze River Delta has become a hub for magnetic materials, while the Pearl River Delta is nurturing new display materials [13]. - Jiangsu province accounts for 35% of the national high-performance fiber production, and Shanghai has a new materials R&D investment intensity of 4.2% [13]. - The western regions are experiencing rapid investment growth, with Sichuan's lithium battery materials investment increasing by 48% annually [15]. Talent Supply and Demand - The new materials industry is witnessing a significant influx of young, highly educated talent, with 44.86% of the workforce aged between 25-35 years [74]. - The demand for talent in the new materials sector is concentrated in the Yangtze River Delta and Pearl River Delta regions, which together account for over 40% of the total demand [86]. - By 2025, the total talent demand in the new materials industry is expected to reach 10 million, with a talent gap of 4 million [84]. Employment Trends - The industry is characterized by a high demand for R&D and technical positions, with material engineers and process engineers being the most sought-after roles [92]. - Private enterprises dominate the talent demand landscape, accounting for 63.5% of the total demand, reflecting the market-driven nature of the industry [90]. - The demand for cross-disciplinary talent is evident, with significant representation from mechanical, electrical, and chemical engineering backgrounds [81]. Market Dynamics - The new materials sector is experiencing a surge in capital investment, with a projected 40% increase in financing activities in 2024, exceeding 25 billion CNY [63]. - The industry is also seeing a trend towards localized supply chains, with companies like Ningde Times investing heavily in overseas production facilities [69][71]. - The competitive landscape is intensifying, with companies focusing on technological innovation and market expansion to capture growth opportunities [99].

TSMC A14: Continuous Drive for Scaling 点击 最 下方 "在看"和" "并分享，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 正文 Accelerating Al Applications Drive Silicon Growth $1,100 Humanoid 2.5 Mu $1,000 Robotics $900 Robo Taxi 2.5 Mu niconductor Revenu $800 AI AR/XR 50 Mu $700 Al Smartphone 1,000 Mu 200 Mu $600 100 Mu AI PC 280 Mu $500 $400 Data Center Al 50 Mu 5 Mu Accelerator $300 2020 2023 2024 2025 (f) 2029(f) 2021 2022 2026(f) 2027(f) 2030(f) 2028(f) 7 不 Source: WSTS, IDC, and TSMC © 2025 TSMC, Ltd. 2030 Semiconductor Market by Platfo ...

Core Viewpoint - The article discusses the upcoming 2025 Future Semiconductor Innovation Conference, focusing on the integration of diamond and other semiconductor technologies to address challenges in the semiconductor industry, particularly in the context of AI, quantum computing, and new energy revolutions [5][6]. Group 1: Conference Overview - The conference will be held from May 22-24, 2025, at the Hilton Garden Inn in Suzhou, Jiangsu [8]. - The theme of the conference is "Cross-border Exploration of Key Technologies and Innovative Applications in Diamond + Compound Semiconductor Industry" [8]. - The event aims to build a collaborative platform for industry, academia, and research to promote the deep integration of diamond with other semiconductor technologies [6][8]. Group 2: Industry Challenges and Opportunities - The diamond semiconductor industry faces multiple challenges, including immature large-diameter wafer preparation technology and high batch production costs [6]. - Diamond's strategic value lies not only in its material advantages but also in its potential for collaborative innovation with third-generation semiconductors like silicon carbide and gallium nitride [6]. - The demand for miniaturized, low-power chips necessitates the commercialization of diamond technology, requiring a closed-loop system from material research to terminal validation [6]. Group 3: Conference Activities and Highlights - The conference will feature discussions on the ecological layout of diamond and compound semiconductors, innovative applications, and the future of the industry [9][10]. - Activities include expert consultations, project selection for innovative technology solutions, and showcasing cutting-edge research and commercial paths [9][10]. - A detailed schedule includes various presentations on advancements in diamond semiconductor technology and its applications in high-power devices and thermal management solutions [10][11][12]. Group 4: Registration and Participation - Registration fees are set at 2800 RMB per participant and 1500 RMB for students, with discounts available for group registrations [20]. - The conference will also provide opportunities for sponsorship and exhibition, allowing companies to showcase their innovations [20].

Core Viewpoints - The segmented fields show differentiated growth: semiconductor materials grow at 50%, new energy materials at 52%, and biomedical materials at 87%, while traditional structural materials maintain a stable growth of 8-10% [2] - Emerging fields are rapidly rising: AI servers with high-frequency materials grow at 60%, new energy vehicles with MLCC at 100%, foldable screens with UTG glass at 30%, and hydrogen energy with a 60% localization rate for proton exchange membranes [2] - The industrial chain is changing: semiconductor materials are developed in a bundled manner with "wafer factories + material factories," while new energy materials involve a three-in-one integration of car manufacturers, battery factories, and material suppliers [2] Market Analysis - The Chinese innovative materials market has formed a diversified tiered structure, reaching a total scale of 6 trillion yuan in 2024, with a forecast to exceed 10 trillion yuan in 2025. The segmented fields show differentiated growth: semiconductor materials (50% growth), new energy materials (52%), and biomedical materials (87%) constitute three major growth poles, while traditional structural materials grow steadily at 8-10% [10][11] - The application field is being restructured, with traditional applications (aerospace, automotive manufacturing) dropping from 65% in 2019 to 48% in 2023, while emerging fields like AI servers (CCL usage growth of 60%), new energy vehicles (MLCC demand growth of 100%), and foldable screens (UTG glass demand growth of 30%) are rapidly rising [10] Competitive Landscape and Industrial Chain Evolution - The industry concentration is accelerating, showing a dual-track pattern of "national teams leading + private specialization." China National Building Material Group, as a representative of "national materials," has achieved breakthroughs in carbon fiber and silicon nitride ceramics, with R&D investment exceeding 10 billion yuan in 2023 [12] - The collaborative model in the industrial chain is innovating significantly. In the semiconductor materials field, a "wafer factory + material factory" bundled development model has formed, while new energy materials show a three-in-one R&D model involving car manufacturers, battery factories, and material suppliers [12] Future Market Space - The innovative materials market in China is expected to reach 10 trillion yuan by 2025 and exceed 30 trillion yuan by 2030, maintaining a CAGR of 18%. The growth engines come from deepening domestic substitution, technological iteration dividends, and the expansion of emerging applications [19] - Key areas to focus on include high-end photoresists, aerospace engine materials, solid-state batteries, high-temperature superconducting materials, perovskite photovoltaic materials, high-frequency materials, MLCC, UTG glass, silicon-carbon anodes, AI + new materials, and biodegradable materials [10][19] Policy Environment and Institutional Innovation - The national strategic layout provides strong support, with the Ministry of Industry and Information Technology clarifying key development directions for frontier materials, and local governments increasing support, such as Guangdong Province establishing a 10 billion yuan new materials industry fund [15] - The policy combination has shown significant effects, with the first application insurance compensation mechanism covering 80% of key materials, reducing R&D risks for enterprises by 30% [15] Technological Innovation and Industry Upgrade - The materials genome engineering is revolutionizing the R&D model, significantly shortening the development cycle of new materials [16] - Breakthroughs in production processes are reshaping cost curves, with significant reductions in unit costs and improvements in yield rates for various materials [16] Investment Strategy Recommendations - Focus on three major tracks: high-end semiconductor materials, new energy materials, and biomedical materials. Risk control should pay attention to technological route risks and the competitive landscape of leading enterprises [25][26] - The certainty of domestic substitution is high, with significant opportunities in solid-state electrolytes and superconducting materials [26]

点击 最 下方 "在看"和" "并分享，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 FGRWARD前瞻 01 / 固态电池研究背景与目的 1.1"碳中和"目标推动新能源产业发展 1.2 中国明确固态电池为重要发展目标 1.3 固态电池对液态锂电池存在替代性 1.1 研究背景:"碳中和"目标推动新能源产业发展 FGRWARD前 从工业时代开始,人类活动导致的温室气体排放量持续增加,对气候产生了显著影响,引发了极端天气等现 象,严重威胁到人类的生存环境。为了应对这一挑战,减少交通运输领域的碳排放变得尤为重要。因此，发 展高效、环保的动力电池技术,如全固态电池、氢燃料电池,成为推动电动汽车普及、降低温室气体排放的 关键举措,从而助力实现更加可持续的未来。 "碳中和"示意图 1880-2023年全球表面气温变化情况 载国提出 1.2 '3060" Met Office Hadley Centre/Climatic 0.8 UnIt 碳中和目标 0. 6 0.4 0. 3 发展高效、环保的动力电池技术,如全固态电池、氢燃料电池,成 为推动电动汽车普及、降低温室气体排放的关键举措。 ..。要哥要离客房客房客家 ...

Industry Background - The innovative materials sector is a cornerstone for China's manufacturing transformation, evolving from strategic support to a key pillar of national competitiveness. By 2024, the industry scale is projected to exceed 60 trillion yuan, maintaining a 20% annual growth rate, making it the fastest-growing new materials market globally [2] - The "14th Five-Year Plan" identifies innovative materials as a core area of strategic emerging industries, with the release of the "Guidance Directory for the First Batch of Key New Materials Application Demonstration (2024 Edition)" covering 299 new materials, providing clear guidance for industry development [2] - The industry is entering a quality upgrade phase, with the localization rate of semiconductor materials increasing from 15% in 2020 to 25% in 2024, while lithium iron phosphate cathode materials in the new energy sector have reached a 95% localization rate, supporting companies like CATL and BYD with over 60% global market share [2] Market Status Analysis - The Chinese innovative materials market has formed a diversified tiered structure, with an overall scale reaching 60 trillion yuan in 2024 and expected to surpass 100 trillion yuan by 2025. Key growth areas include semiconductor materials (50% growth), new energy materials (52%), and biomedical materials (87%), while traditional structural materials grow steadily at 8-10% [4] - The regional distribution shows the Yangtze River Delta (45% share in semiconductor materials), the Pearl River Delta (leading in new energy materials), and the Beijing-Tianjin-Hebei region (cluster advantage in biomedical materials) [4] Competitive Landscape and Industry Chain Evolution - The industry concentration is accelerating, characterized by a dual-track model of "national teams leading + specialized private enterprises." China National Building Material Group has made breakthroughs in carbon fiber and silicon nitride ceramics, with R&D investment exceeding 10 billion yuan in 2023 [7] - The semiconductor materials sector has developed a "wafer factory + material factory" collaborative development model, while new energy materials show a "vehicle manufacturers + battery factories + material suppliers" integrated R&D approach [7] Policy Environment and Institutional Innovation - National strategic layouts provide strong support, with the Ministry of Industry and Information Technology outlining key development directions for frontier materials, including superconductors and graphene [9] - The establishment of a standard system that aligns with international standards is accelerating, with China National Building Material Group participating in the formulation of 52 ISO international standards [9] Future Forecast Analysis - The Chinese innovative materials market is expected to experience structural growth, reaching 100 trillion yuan by 2025 and exceeding 300 trillion yuan by 2030, with a CAGR of 18%. Growth drivers include deepening domestic substitution, technological iteration benefits, and the expansion of emerging applications [14] - The future five years will focus on four major technological breakthroughs: extreme performance, intelligent upgrades, green manufacturing, and cross-border integration [15] Investment Strategy Recommendations - Key investment areas include semiconductor materials, new energy materials, and biomedical materials, with a focus on technological breakthroughs and capacity releases [20]

点击 最 下方 "在看"和" 。"并分享,"关注"材料汇 添加 小编微信 , 遇见 志同道合 的你 证券研究报告 电子/行业深度报告 2025年4月28日 圆技术攻坚与供应链自主化 证券分析师:唐仁杰 S0370524080002 行业评级:增持 1 www.jyzq.cn 1 全国统一客服电话: 95372 | 此文件版权归金元证券股份有限公司所有,未经许可任何单位或个人不得复制,翻印。 摘要 品圆制定材料、反道对装材料分别占得年导体材料市场规模62.8%、37.2%；其中。驻方市场规模占3822.9%，主导前进驻广前选材料市场。很胡SEM 发扬、连续三年扩大导致 一定奉存压力，下游需求减弱。2023年全球半导体材料市场小幅美旋至667亿美元：某中，2023年品圆制造材料校2022年下降7%至415亿美元。独片出货周期基本网资于半导体 产业检录气用机，但现免于半导体设备资本开之。2024年全球驻片出货币积约12,266MB1(百万平方英寸），被23年下降3%。2024年03，全球驻片出货币积全盘8升，83、04阴 比增长6.24%、6.78%。 线片尺寸越大，举片轻片制造芯片数量超高，边集摄托遍小，单位芯片 ...