新技术前瞻专题系列（二）：玻璃基板行业五问五答

Industry Overview - Glass substrates are the next-generation chip substrates, with core materials made of glass, and the key technology is Through Glass Via (TGV) [4] - The glass substrate industry chain includes production, raw materials, equipment, technology, packaging, testing, and application, with upstream being production, raw materials, and equipment [4] - Glass substrates show great potential in electronic component material applications due to their unique physical and chemical properties [4] Comparison with Traditional Substrates - Compared to organic substrates, glass substrates offer ultra-low flatness, excellent thermal and mechanical stability, higher interconnect density, and reduced pattern deformation by 50% [4] - However, glass substrates face challenges such as immature technology and low market acceptance [4] Market Space and Competitive Landscape - The global IC packaging substrate market is expected to reach $31.54 billion by 2029, with glass substrates being the latest trend and expected to achieve over 50% penetration within 5 years [4] - The global glass substrate market is projected to grow to $11.3 billion by 2031, with China's market reaching 33.3 billion yuan in 2023 [4] - Corning dominates the global market with a 48% share, while domestic Chinese manufacturers are accelerating localization due to cost advantages [4] Industry Giants' Involvement - Intel, Samsung, NVIDIA, and TSMC are entering the glass substrate market to push the limits of Moore's Law [4] - Intel has introduced glass substrates for advanced packaging, aiming to integrate 1 trillion transistors on a single package by 2030 [38] - Samsung views glass substrates as the future of chip packaging and plans to establish a prototype production line by 2024 [39] - NVIDIA's GB200 may use glass substrates, with production plans underway [39] - TSMC has formed a dedicated team to explore FOPLP technology and is heavily investing in glass substrate R&D [41] Industry Chain Opportunities - Upstream raw materials, production, and equipment sectors are expected to benefit from the glass substrate industry [4] - Domestic glass substrate manufacturers may gain a foothold in high-generation production lines [47] - Drilling equipment technology is expected to advance, with domestic companies developing LIDE technology [49] - The demand for Laser Direct Imaging (LDI) equipment is growing due to the rapid development of the electronics industry [50] - The maturation of glass substrate technology presents significant opportunities for electroplating equipment upgrades [52] Application Areas - The MEMS market is expected to benefit from glass substrates, with a projected market size of $25.19 billion by 2029 [53] - Glass substrates are becoming a strong driver in the consumer electronics market, particularly in MEMS medical applications and IoT devices [53]