实探｜新凯来“C位出道”，子公司重大突破！国产半导体设备集体突围

Core Viewpoint - The article highlights the advancements in China's semiconductor industry, particularly focusing on the new products launched by subsidiaries of Xinkailai, including a high-speed oscilloscope and domestic EDA software, which signify a shift towards domestic alternatives in semiconductor equipment [1][6][10]. Group 1: Product Launches - Xinkailai showcased 16 equipment products at the 2025 Bay Area Semiconductor Industry Expo, including thin film deposition and etching equipment, but did not present any new products [1][5]. - The subsidiary Wanlianyan introduced a new generation of high-speed real-time oscilloscopes with a bandwidth exceeding 90GHz, marking a significant breakthrough in the industry [6][7]. - The subsidiary Qiyunfang launched two domestic EDA design software products, filling a gap in high-end electronic design software technology in China [8][10]. Group 2: Market Dynamics - The Chinese semiconductor equipment market is experiencing a "group-style breakthrough," with many companies adopting multi-product line strategies to enhance market share and accelerate domestic substitution of equipment [1][9]. - The oscilloscope market in China has been dominated by international brands, with imports accounting for over 85% from 2020 to 2024, but this is expected to decrease as domestic production increases [7][8]. - The domestic EDA market has been historically dominated by foreign companies, with a current domestic market share of 17.61%, projected to rise to 18.52% in 2024 [8]. Group 3: Industry Trends - The semiconductor industry in China is rapidly developing, driven by government support and increasing demand for domestic equipment, leading to significant market opportunities for local manufacturers [13]. - The establishment of multiple semiconductor manufacturing projects in cities like Shenzhen is expected to strengthen the local manufacturing capabilities and attract design companies back to the region [12]. - The "systemic monopoly" of foreign equipment in the semiconductor production line is being challenged by the coordinated efforts of domestic companies to develop compatible equipment [11].