半导体设备：新凯来即将亮相湾芯展，看好先进制程设备国产化持续提升 | 投研报告

Core Insights - New Kai Lai is expected to unveil significant semiconductor equipment at the 2025 Bay Area Semiconductor Industry Ecological Expo, following its impressive launch of 31 devices at the Shanghai exhibition in March [1][2] - The domestic production rate of key semiconductor equipment remains low, with photolithography at 0% and etching and thin film deposition equipment at around 20%, indicating substantial room for improvement [2] - The acceleration of domestic equipment production is anticipated to benefit the supply chain for related components, such as those provided by Xinlai Yingcai and Fuchuang Precision [2] Investment Highlights - New Kai Lai's upcoming showcase at the Bay Area Expo is expected to feature critical equipment, potentially leading to breakthroughs in technology [2] - The domestic production of key equipment is crucial for the expansion of advanced processes, with the semiconductor equipment sector being a vital area for self-sufficiency [2] - The focus on domestic alternatives in the supply chain is highlighted, with companies like Xinlai Yingcai and Fuchuang Precision being key players in the supply of components for etching and thin film deposition equipment [3]