电子行业周报：iPhone 15 ProMax出货亮眼，台积电目标2025年CoWoS总产能翻倍

Investment Rating - The report maintains an "Overweight" rating for the electronic industry [1]. Core Insights - The report highlights several key trends: - The launch of Motorola's Razr 50s foldable phone is expected to benefit the related supply chain [4]. - The iPhone 15 ProMax has emerged as the best-selling smartphone globally in the first half of 2024, with total shipments reaching 21.8 million units, indicating a positive outlook for Apple's supply chain [4][13]. - Major passive component manufacturers like Murata and TDK are expected to raise prices by approximately 10% to 20%, benefiting the passive components supply chain [4][12]. - TSMC aims to double its CoWoS capacity by 2025, which is anticipated to benefit the advanced packaging supply chain [5][14]. Summary by Sections 1. Core Insights and Investment Recommendations - Foldable Screen: The launch of Motorola's Razr 50s is expected to benefit the related supply chain [4]. - Apple Supply Chain: The iPhone 15 ProMax is the top-selling smartphone of 2024, with 21.8 million units shipped, indicating growth potential for the Apple supply chain [4][13]. - Passive Components: Price increases of 10% to 20% are expected from major manufacturers, benefiting the passive components supply chain [4][12]. - Advanced Packaging: TSMC's goal to double CoWoS capacity by 2025 is expected to benefit the advanced packaging supply chain [5][14]. 2. Market Review - The A-share Shenwan Electronics Index rose by 14.14% during the week of September 23-25, underperforming the CSI 300 Index by 1.56 percentage points [8]. - Within the Shenwan Electronics secondary sectors, semiconductors led with a 15.84% increase, while other sectors showed varied performance [8][9]. 3. Industry News - Major passive component manufacturers are expected to increase prices due to rising demand and market recovery [12]. - The Motorola Razr 50s has been benchmarked, showcasing its specifications and performance [12]. - The iPhone 15 ProMax continues to dominate the market, with significant sales figures reported [13]. - TSMC's rapid expansion plans for advanced packaging are highlighted, indicating strong future demand [14]. 4. Company Dynamics - Companies like Jingfu Technology and Jiemai Technology are actively engaging in the foldable screen market, indicating a trend towards innovation and increased production capacity [15][16]. - Yian Technology reports that its production capacity is currently meeting customer demands, with plans for future expansion based on order volumes [17]. 5. Company Announcements - Key announcements from various companies in the electronics sector include stock pledges and equity incentives, reflecting ongoing corporate governance and strategic planning [21].