实探丨湾芯展首日，新凯来“双线并行”，16款既有设备展实力，子公司推硬核新品“补位”

Core Insights - The 2025 Bay Area Semiconductor Industry Ecosystem Expo (Bay Chip Expo) was held in Shenzhen from October 15 to 17, featuring over 600 exhibitors and covering more than 60,000 square meters [1][4] - Shenzhen Xinkailai Industrial Machinery Co., Ltd. (Xinkailai) emerged as a focal point at the expo, highlighting the importance of domestic semiconductor equipment manufacturers in addressing weaknesses in the semiconductor supply chain [1][4] - Xinkailai showcased 16 products across two main categories: process equipment and measurement equipment, although no new products were launched at the event [1][4] Company Overview - Xinkailai was established in June 2022 and is backed by Shenzhen Xinkailai Technology Co., Ltd., which was founded in August 2021, with a registered capital of 1.5 billion yuan [4] - The company aims to provide a full range of domestic semiconductor equipment, covering processes from diffusion to measurement, and has made significant strides in a short period [4][5] Product Highlights - The showcased equipment includes various types of process and measurement tools, such as PVD, CVD, RTP, and etching devices, which are critical for semiconductor manufacturing [5] - The etching and thin film deposition equipment received particular attention, as they are essential for the quality and performance of semiconductor chips [5][6] Industry Context - The event highlighted the ongoing trend of single-point breakthroughs and rapid replacements in the semiconductor sector, with Xinkailai's subsidiaries launching new products [6] - Xinkailai's subsidiary, Qiyunfang, introduced two EDA design software products that improve performance by 30% compared to industry benchmarks, while another subsidiary, Wanlian, unveiled a new high-speed oscilloscope with a bandwidth exceeding 90 GHz, marking a significant advancement in domestic technology [6][7] Market Dynamics - The global semiconductor equipment market is still largely dominated by international giants, particularly in high-end lithography equipment, where ASML holds a near-monopoly [5][6] - The introduction of advanced domestic products is seen as a crucial step towards achieving self-sufficiency in the semiconductor industry and reducing reliance on foreign technology [6][7]