半导体设备国产替代趋势月度跟踪：10月招标以探针台设备为主，积塔招标量领先

Investment Rating - The industry investment rating is "Buy" [2]. Core Viewpoints - The semiconductor equipment market is expected to continue expanding due to the ongoing domestic wafer production capacity expansion, technological upgrades in semiconductor manufacturing, and accelerated domestic substitution processes [2][5]. - In October 2024, a total of 10 tenders were issued, primarily for probe station equipment, with significant contributions from Jita Semiconductor and Yandong Technology [2][72]. - The domestic semiconductor equipment market saw a significant growth of 29.47% year-on-year in 2023, reaching a market size of $35.697 billion [63]. 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 application expansions [16]. - China's wafer production capacity is expanding faster than the global average, with a projected capacity of 8.6 million wafers per month in 2024, a 13.2% increase year-on-year [20][22]. 2. October Tender Analysis - In October 2024, the total number of tenders was 10, with major contributions from Jita Semiconductor and Yandong Technology, focusing on probe stations, etching, measurement, detection, furnace tubes, and testing machines [72]. - From January to October 2024, a total of 295 tenders were issued, with Huahong Semiconductor, Jita Semiconductor, and SMIC leading in tender volume [72]. 3. Investment Recommendations - The report suggests focusing on companies with strong positions in core semiconductor processes and those expanding into new product categories, including Northern Huachuang, Zhongwei Company, Huahai QK, and others [2][5].