电子行业快评报告：关税博弈加速自主可控，关注半导体国产化份额提升机遇

Investment Rating - The industry investment rating is "Outperform the Market" [5][8] Core Viewpoints - The semiconductor industry in China is expected to accelerate its domestic production process due to the ongoing tariff disputes, which may enhance the competitive landscape for mature process chips [2][4] - The introduction of new rules regarding the origin of semiconductor products is likely to weaken the competitiveness of American wafer products in the Chinese market, allowing domestic manufacturers to capture market share more rapidly [2][3] - Domestic equipment and materials are anticipated to be integrated into the semiconductor supply chain, fostering innovation and enhancing the resilience of companies against trade friction [3][4] Summary by Sections Investment Highlights - The tariff disputes are expected to optimize the competitive landscape for domestic mature process chips, with potential anti-dumping investigations against U.S. mature process chips [2] - The new origin recognition rules for semiconductor products will classify the origin based on the wafer fabrication plant's location, which may reduce trade friction costs and enhance domestic chip manufacturers' market share [2] Domestic Supply Chain Development - Initiatives to prioritize the procurement of domestic advanced equipment and core materials are being implemented to ensure supply chain stability and independence [3] - Measures include simplifying qualification processes for domestic companies and promoting collaboration between procurement and innovation chains [3] Investment Recommendations - The semiconductor industry's domestic production process is expected to accelerate, with a focus on the growth of domestic mature process manufacturers and breakthroughs in advanced processes [4] - Investors are encouraged to pay attention to the potential for increased market share among domestic manufacturers and leading companies in various segments of the semiconductor industry [4]