Core Viewpoint - The semiconductor industry, particularly the 12-inch wafer segment, is experiencing significant growth, with Xi'an Yiswei Materials Technology Co., Ltd. emerging as a key player in the market, having recently gone public on the A-share market [3][4]. Group 1: Company Overview - Xi'an Yiswei specializes in the research, production, and sales of 12-inch silicon wafers, ranking as the largest in mainland China and the sixth globally [3]. - The company has established itself as a major supplier for leading domestic wafer foundries and storage IDM manufacturers, achieving significant market penetration [5]. Group 2: Market Dynamics - The demand for 12-inch wafers is driven by the need for advanced logic and storage chips, particularly in the context of AI applications, with 12-inch wafers accounting for over 75% of global silicon wafer shipments in 2024 [4]. - The global market for 12-inch wafers has been dominated by a few established foreign companies, which control 92% of the market share, creating a significant supply gap in China [4]. Group 3: Financial Performance - Xi'an Yiswei's revenue has shown strong growth, with projections of 10.55 billion CNY in 2022, 14.74 billion CNY in 2023, and 21.21 billion CNY in 2024, reflecting a compound annual growth rate of 41.83% [5]. - The company reported a revenue of 13.02 billion CNY in the first half of 2025, marking a year-on-year increase of 45.99% [5]. Group 4: Technological Advancements - Xi'an Yiswei has invested heavily in R&D, with over 10% of its revenue allocated to R&D from 2022 to 2024, resulting in a robust patent portfolio of 1,843 applications, of which 799 are granted [7][9]. - The company has developed a comprehensive core technology system across five key process stages, achieving performance metrics comparable to the top five global manufacturers [7]. Group 5: Supply Chain and Customer Base - The company has successfully validated its products with major clients in the NAND Flash and DRAM sectors, and is expanding its international customer base, having passed qualifications for 161 domestic and international clients [10]. - Xi'an Yiswei is actively working to diversify its supply chain and enhance local supplier capabilities, contributing to the development of the domestic silicon wafer industry [11]. Group 6: Future Outlook - The company is poised for growth as the demand for 12-inch wafers is expected to rise significantly, with projections indicating that by 2026, global demand will exceed 10 million wafers per month [14]. - With its recent IPO, Xi'an Yiswei aims to leverage capital to expand its production capacity and enhance its competitive edge in the global market [12][14].
“地基”上的赶超者：全球12英寸硅片“第六极”西安奕材迎来“黄金期”