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] - New Kai Lai Industrial Machinery Co., Ltd. emerged as a focal point at the expo, attracting significant attention due to its role as a domestic semiconductor equipment manufacturer [2] - The company showcased 16 products across two main categories: process equipment and measurement equipment, although no new products were launched at the event [1][2] Company Overview - New Kai Lai was established in June 2022 and is a subsidiary of Shenzhen Xin Kai Lai Technology Co., Ltd., which was founded in August 2021 [2] - The registered capital of New Kai Lai Technology Co., Ltd. is 1.5 billion yuan, fully owned by Shenzhen Deep Chip Heng Technology Investment Co., Ltd., which is ultimately controlled by the Shenzhen State-owned Assets Supervision and Administration Commission [2] Product Offerings - The exhibited products include various process equipment such as PVD, CVD, ALD, RTP, EPI, and etching equipment, as well as measurement equipment like optical detection and physical/X-ray measurement products [3] - The etching and thin film deposition equipment received particular attention, as they are critical in semiconductor manufacturing [3] Industry Context - The enthusiasm surrounding New Kai Lai's innovations must be viewed within the global semiconductor equipment market, where domestic equipment still has a long way to go in terms of market share [3] - The Dutch company ASML dominates the high-end lithography machine market, particularly in EUV lithography, which is essential for advanced processes [3] Technological Advancements - New Kai Lai's subsidiary, Qiyunfang, launched two domestically developed EDA design software products with a 30% performance improvement over industry benchmarks [4][5] - Another subsidiary, Wanlianyan, introduced a new generation of high-speed real-time oscilloscopes with a bandwidth exceeding 90 GHz, marking a 500% performance enhancement and positioning it as the second globally [5][6] Market Dynamics - The high-end oscilloscope market has been dominated by foreign companies like Tektronix, Keysight, and Rohde & Schwarz, which have pushed bandwidths above 60 GHz, while domestic products have lagged behind [6] - The introduction of Wanlianyan's oscilloscope is significant as it addresses the technological gap and aims to support China's technological breakthroughs and industrial upgrades [6][7]