半导体设备行业事件点评：先进芯片进口或受阻，加速前道设备国产化

Investment Rating - The report maintains an "Overweight" rating for the semiconductor equipment industry, consistent with the previous rating [2]. Core Insights - If imports of 7nm and more advanced process chips are restricted, it is expected to accelerate the domestic self-sufficiency process in semiconductor equipment [3]. - The main breakthroughs for 7nm and more advanced process chips are anticipated in the following areas: 1) Upgrading and domestic production of front-end process equipment; 2) Accelerated development of advanced packaging [3]. - The report highlights that the domestic semiconductor equipment industry will benefit significantly from the acceleration of domestic substitution, particularly in low domestic production rates for areas such as metrology, ion implantation, coating and developing, etching, and deposition [3]. Summary by Sections Industry Overview - The report discusses the potential impact of TSMC's decision to suspend the supply of 7nm and more advanced process chips to AI/GPU customers in mainland China starting November 11 [3]. - The global capacity for mass production of 7nm logic chips is primarily held by TSMC, Samsung, and Intel, with current domestic production unable to meet demand due to equipment and process bottlenecks [3]. Investment Recommendations - Recommended stocks include: 1) Metrology: Zhongke Feimeicheng, Jingce Electronics 2) Ion Implantation: Huahai Qingke 3) Bonding Equipment: Kuaike Intelligent - Beneficiary stocks also include Beifang Huachuang, Zhongwei Company, Tuojing Technology, Xinyuanwei, and Shengmei Shanghai [3]. Financial Projections - Key company earnings forecasts are provided, with specific EPS and PE ratios for companies such as Zhongke Feimeicheng, Huahai Qingke, Jingce Electronics, and Kuaike Intelligent, all rated "Overweight" [5].