EUV应用场景进一步扩大，有望拉动光刻机/光刻胶需求高增长

Core Insights - IMEC has successfully achieved full wafer-level manufacturing of nanopores using ASML's advanced extreme ultraviolet (EUV) lithography equipment, marking an expansion of lithography technology from logic chips to emerging fields like biosensing [1] - The global semiconductor revenue is projected to grow by 22.5% to $772 billion in 2025, with a further increase of 26.3% to $975 billion in 2026, indicating a significant upward revision from previous forecasts [1] - The global lithography machine market is expected to reach $31.5 billion in 2024, with China's chip market projected to reach 1.2 trillion yuan in 2025, reflecting a compound annual growth rate of over 15% [1] Industry Trends - The demand for lithography machines and photoresists is anticipated to grow significantly due to the rapid expansion of the semiconductor market [1] - The global photoresist market is expected to exceed $10 billion by 2025, with a notable increase in demand for EUV photoresists [1] - The breakthrough in lithography technology and the domestic substitution policy are expected to create structural opportunities in the A-share market, particularly for leading companies with technological advantages and clear policy benefits [1]