2025年一季度半导体业疲软，但IC销售及资本支出同比显著增长

Group 1 - The semiconductor industry is experiencing a typical seasonal downturn in Q1 2025, with electronic product sales declining by 16% compared to the previous quarter, but remaining stable year-on-year [1] - Integrated circuit (IC) sales decreased by 2% quarter-on-quarter but saw a significant year-on-year increase of 23%, driven by ongoing investments in artificial intelligence (AI) and high-performance computing (HPC) infrastructure [1] Group 2 - Capital expenditures in the semiconductor industry fell by 7% quarter-on-quarter in Q1 2025, but increased by 27% year-on-year [5] - Notably, capital expenditures related to memory surged by 57% year-on-year, while non-memory capital expenditures also grew by 15% year-on-year [5] Group 3 - Wafer fab equipment (WFE) spending increased by 19% year-on-year in Q1 2025, while backend test equipment orders saw a remarkable year-on-year growth of 56% [9] - Assembly and packaging equipment spending also achieved double-digit year-on-year growth [9] Group 4 - Due to uncertainties in trade policies and the backdrop of supply chain restructuring, the semiconductor industry is expected to face atypical seasonal changes this year, particularly in non-AI and data center sectors, which may experience investment delays or shifts in demand due to external factors [10]