实探｜新凯来“C位出道”，子公司重大突破！国产半导体设备集体突围

Core Viewpoint - New Kylin's recent exhibition at the 2025 Bay Area Semiconductor Industry Ecological Expo showcased its subsidiaries' innovations, particularly in high-speed oscilloscopes and domestic EDA software, rather than new lithography machines [1][2][4]. Group 1: Product Launches and Innovations - New Kylin's subsidiary Wanlianyan introduced a new generation of high-speed real-time oscilloscopes with a bandwidth exceeding 90GHz, marking a significant breakthrough in the industry [4]. - The oscilloscopes are positioned for applications in semiconductor, 6G communication, optical communication, and intelligent driving sectors, with the product being the first in China and second globally [4]. - Another subsidiary, Qiyunfang, launched two domestically developed EDA design software products, filling a gap in high-end electronic design software technology in China [6]. Group 2: Market Dynamics and Trends - The Chinese semiconductor equipment market is experiencing a "group-style breakthrough," with companies adopting multi-product line strategies to enhance market share and accelerate domestic equipment replacement [1][8]. - The domestic oscilloscope market has been dominated by international brands, with imports accounting for over 85% from 2020 to 2024, but this is expected to decline as domestic production increases [4]. - The EDA market in China has been historically dominated by foreign giants, with a current domestic market penetration of 17.61%, projected to rise to 18.52% in 2024 [6]. Group 3: Industry Ecosystem and Collaboration - New Kylin is building a semiconductor ecosystem that integrates software and hardware across research, production, and testing through its subsidiaries [8]. - Other companies, such as North Huachuang, are also adopting a similar multi-product line approach to enhance their competitiveness in the semiconductor equipment sector [8][9]. - Cities like Shenzhen are investing heavily in semiconductor manufacturing projects, with significant developments like the 12-inch integrated circuit production line by Runpeng Semiconductor, which aims to strengthen local manufacturing capabilities [10].