半导体设备国产替代趋势月度跟踪：8月研磨抛光设备中标量领先，国产化中标比例显著

Investment Rating - The industry rating is "Buy" [2] Core Insights - The domestic semiconductor equipment market is expanding continuously due to the ongoing expansion of wafer production capacity, technological upgrades in semiconductor manufacturing, and accelerated domestic substitution trends [2][57]. - In August 2024, a total of 10 bids were recorded, primarily for grinding, polishing, measurement, and coating equipment, with a significant domestic winning bid ratio of approximately 70% [2][72]. - The overall winning bid ratio for domestic equipment in the first eight months of 2024 was about 32%, with notable performance in equipment categories such as stripping, gas-liquid systems, and testing equipment [2][57]. Summary by Sections 1. Wafer Expansion and Domestic Substitution Drive - Semiconductor equipment is fundamental to the development of the semiconductor industry, supporting technological upgrades and the expansion of applications [18]. - China's wafer production capacity is growing faster than the global average, with a projected capacity of 860 million wafers per month in 2024, a year-on-year increase of 13.2% [22][24]. - The global wafer capacity is expected to reach 31.49 million wafers per month in 2024, reflecting a growth of 6.4% year-on-year [19][22]. 2. August Winning Bids for Equipment - In August 2024, the winning bids included 10 pieces of equipment, with a significant focus on grinding, polishing, measurement, and coating equipment [2][72]. - The domestic winning bid ratio for grinding and polishing equipment was particularly high, indicating strong domestic capabilities [2][72]. - The total number of bids in the first eight months of 2024 reached 275, with Huahong Semiconductor, Jita Semiconductor, and Yandong Technology leading in bid volume [2][74]. 3. Investment Recommendations - The report suggests focusing on companies with strong positions in core semiconductor processes and those that have expanded their product lines this year, such as Northern Huachuang, Zhongwei Company, Huahai Qingke, and others [2][57]. - The domestic semiconductor equipment market is expected to benefit from the expansion of market size and the deepening of domestic substitution processes [2][67].