基础化工行业新材料周报：台积电CoWoS月产能明年有望倍增，美瑞新材宣布投产

Investment Rating - The industry is rated as "Outperform the Market" [4] Core Insights - The Wind New Materials Index closed at 3821.64 points, up 8.55% week-on-week. The semiconductor materials index rose 12.05%, while the lithium battery index increased by 15.93% [2][8] - TSMC's CoWoS monthly capacity is expected to double next year, with Nvidia projected to occupy 50% of this capacity. The global advanced packaging market is anticipated to grow significantly, with a compound annual growth rate of 10.9% expected by 2028 [3][24] - Meirui New Materials announced the production of qualified products from its HDI monomer unit, marking a significant milestone in its polyurethane industrial park [3][27] Summary by Sections 1. Overall Market Review - The Wind New Materials Index and various sub-indices, including semiconductor materials and lithium battery indices, showed significant week-on-week increases, indicating a robust market performance [2][8] 2. Key Company Weekly Performance Review - Top performers included Yanggu Huatai (20.17%), Bayi Shikong (19.73%), and Jingrui Electric Materials (17.49%). Conversely, Zhonghuan shares fell by 1.87% [19][20] 3. Recent Industry Hotspots - TSMC's CoWoS capacity is set to double, driven by increasing demand from major tech companies [3][24] - The return of Trump to the White House may have profound implications for the Chinese semiconductor industry, potentially increasing export controls and pressures on semiconductor alliances [24] - A breakthrough in ion exchange membrane technology was reported, which could enhance energy efficiency in flow batteries [25][26] - BASF and Syensqo announced significant business adjustments, including divestitures and layoffs, to better align with market demands [26][27] - Meirui New Materials has commenced production at its new facility, achieving performance targets [27] 4. Related Data Tracking - The semiconductor index rose to 5333.99 points, reflecting a 7.83% increase. In October, China's integrated circuit exports reached $13.157 billion, a year-on-year increase of 17.7% [28][29]