UIGreen(SH:688661) Chan Ye Xin Xi Wang·2025-12-10 01:23Core Insights - The semiconductor test probe industry is crucial for chip design validation, wafer testing, and final product testing, serving as the core component for signal transmission between chips, wafers, and testing equipment [1][2] - In 2023, the global semiconductor industry experienced a decline, leading to a reduction in the semiconductor test probe market size to 9.8 billion yuan. However, a recovery is expected in 2024, with a projected growth of 12.2% to 11 billion yuan [7][10] - The market is dominated by CP (Chip Probing) testing, which is expected to reach 6.7 billion yuan in 2024, accounting for 60.9% of the market, while FT (Final Test) probes will hold a 32.7% share [9][10] Industry Overview - The semiconductor test probe industry is closely linked to the semiconductor market, with significant implications for product yield, cost control, and guidance for chip design and process improvements [1][2] - The industry is characterized by high manufacturing difficulty and stringent functional testing requirements, with major market players being foreign brands such as YOKOWO, ECT, IDI, and LEENO, while domestic companies include HeLin WeiNa, ZhongTan Probe, and RuZhong Intelligent [10][12] Market Trends - The global semiconductor market is projected to reach 635.1 billion USD in 2024, with a year-on-year growth of 19.8%, driven by the increasing demand for high-performance semiconductor products due to advancements in AI and digital economy [5][6] - China's semiconductor testing probe market is expected to grow to approximately 6.29 billion yuan in 2024, supported by the country's strong position in semiconductor packaging and testing technology [10] - Future trends indicate a sustained growth in semiconductor testing demand, driven by advancements in AI, cloud computing, and IoT, leading to increased complexity in testing requirements and the development of more precise probe technologies [12][13]