星奇半导体杨绍辉：聚焦流控与电控核心部件 把握半导体设备需求增长良机

Core Insights - The semiconductor industry is at a critical turning point, with technological iterations fundamentally reshaping equipment demand patterns [2] - The evolution of logic circuits from GAA to CFET and the transition of DRAM technology towards 3D structures are highlighted as significant trends [3] - The application of bonding technology is expected to increase substantially, particularly for new demands such as backside power supply [3] Industry Trends - The demand for etching, thin film, and bonding equipment is projected to grow rapidly due to these technological changes [3] - New materials like molybdenum and ruthenium are becoming more widely used as a result of these advancements [3] - International equipment giants have made significant progress in these areas, with companies like Lam Research achieving breakthroughs in molybdenum metal layer processes [3] Domestic Developments - Domestic semiconductor equipment investment is focused not only on capacity expansion but also on the industrialization of advanced processes [3] - Several domestic companies have made progress in various types of ion implantation machines, and the product matrix for etching equipment is becoming increasingly comprehensive [3] - Bonding equipment is expanding from advanced packaging and 3D NAND fields into logic and DRAM sectors [3] Company Profile - Star Semiconductor focuses on process flow control and core components for electric control, establishing a complete R&D and production management system [4] - The company has completed two rounds of financing within five years and its products cover mainstream process equipment [4] - Star Semiconductor's core competitiveness lies in its technological leadership and rapid response capabilities, with products designed to meet the needs of various new materials [4] Growth Potential - The semiconductor equipment parts industry is experiencing rapid growth, with an average annual growth rate exceeding 50% [4] - Star Semiconductor has laid out multiple R&D directions to quickly respond to forward-looking customer needs and drive new technology development and industrial application [4] - As the domestic semiconductor equipment industry reaches new heights, component companies with core technologies and system capabilities are expected to play an increasingly important role in global competition [4]