点击 最 下方 关注《材料汇》 ， 点击"❤"和" "并分享 添加 小编微信 ，寻 志同道合 的你 正文 一、 日本光刻胶主要企业 欧美企业以技术为特色 ，代表企业有杜邦 DuPont 、默克 Merck ，在新型显示、半导体领域占有一定份额。 韩国企业 主要为东进世美肯、LG化学、 SK 材料、可隆 Kolon 等，依托本土面板产业链，在 显示光刻胶细分市场占据重要 地位，同时依托三星电子、 SK 海力士等 头 部半 导 体企 业 的战 略 支持 ， 推 进 其半 导 体光 刻 胶的 国 产 化 ， 力图 实 现对日本供应商的技术替代与供应链自主。 三、 中国台湾光刻胶代表企业 | 房 | 企业 | 光刻胶业务情况 | | --- | --- | --- | | | 长兴材料工业股份有 | 全球电子化学材料和合成树脂领域的领军企业之一,合成树脂广泛应用于涂料等行业, | | 1 | 限公司 | PCB干膜光刻胶(感光干膜/干膜光阻剂) 市占率全球第一,当前光固化材料总产能12万吨 /年。2024年总收入约102亿人民币。 | | | 奇美实业股份有限公 | 全球领先的ABS、AS、PMMA树脂及板材供应商, ...

格隆汇12月30日丨南大光电(300346.SZ)在互动平台表示，公司2024年度ArF光刻胶收入突破千万，2025 年保持连续稳定供货，目前尚未满产。 ...

Core Viewpoint - The article emphasizes the critical role of photoresists in the semiconductor industry, particularly in the lithography process, and highlights the challenges and opportunities in domestic production and innovation in this field [2][3][5]. Group 1: Development and Importance of Photoresists - Photoresists are likened to a "brush" in the semiconductor industry, essential for transferring circuit patterns onto silicon wafers, with advancements in materials directly influencing the continuation of Moore's Law [2][3]. - The evolution of photoresist technology has seen a transition from early DNQ-phenolic resin systems to chemically amplified photoresists and now to metal cluster photoresists for EUV technology, showcasing the need for continuous innovation [2][3]. Group 2: Current Market and Competitive Landscape - The global photoresist market is projected to grow from $10.8 billion in 2024 to $12.5 billion by 2027, with the semiconductor photoresist market expected to reach $2.8 billion by 2027, reflecting a compound annual growth rate of 4% [65]. - The market is dominated by Japanese and American companies, with the top five firms holding 85% of the market share, indicating significant barriers to entry for domestic players [69]. Group 3: Challenges in Domestic Production - The path to domestic production of photoresists is complex, requiring advancements in molecular design, formulation development, and supply chain security, which involves a complete overhaul of capabilities from molecular design to customer validation [3][74]. - Domestic companies are making strides in the photoresist market, with some achieving breakthroughs in specific areas, but they still face significant challenges in high-end markets where competition is fierce [71][74]. Group 4: Technical Aspects and Performance Indicators - The article outlines the technical evolution of photoresists, detailing the importance of wavelength in determining material selection and the mechanisms of various types of photoresists, such as chemically amplified positive and negative photoresists [23][36][44]. - Key performance indicators for photoresists include sensitivity, contrast, resolution, and etch resistance, which are critical for meeting the demands of advanced semiconductor manufacturing processes [59][61]. Group 5: Future Directions and Innovations - The article suggests that the future of photoresist technology will depend on the collaborative evolution of materials, equipment, and processes, emphasizing the need for a systemic approach to overcome existing bottlenecks in the industry [16][87]. - Innovations in photoresist formulations and the development of new materials will be essential to meet the increasing demands for higher resolution and efficiency in semiconductor manufacturing [20][86].

正文 在半导体产业攀登工艺巅峰的征程中，光刻胶作为集成电路图形化工艺的核心媒介，其地位堪比精密绘制蓝图的"画笔"。它不仅决定了电路图案能否被高 保真地转印至硅片，其材料本身的每一次革新—— 从早期的DNQ-酚醛树脂体系，到随KrF、ArF光刻技术而生的化学放大光刻胶，直至面向EUV时代的金 属簇光刻胶 ——都直接推动了摩尔定律的延续。 然而，这项精密且关键的产业，长期以来被少数国际巨头在 材料设计、核心树脂及复杂工艺 诀窍上所构建的壁垒所主导。 国产化之路，因而远非简单的产品替代，而是一场贯穿 基础化学、精密工程与供应链安全的系统性攻坚，涉及从分子设计、配方研发、稳定量产到客户 验证 的全链条能力重塑。 报告将系统性地梳理 半导体光刻胶的技术脉络与产业现状 。报告内容主要涵盖四大方面： 首先 ，回顾光刻胶随光刻技术代演进的 发展历程 ，揭示设备、材料与工艺协同发展的规律； 其次 ，深入剖析成熟制程中主流光刻胶（如248nm、193nm化学放大胶及I线胶）的 工作原理与配方核心 ； 再次 ，明确界定评估光刻胶性能的 关键技术指标 ，解读其背后的设计考量； 点击 最 下方 "在看"和" "并分享，"关注"材料汇 ...

Core Viewpoint - The article discusses the significant progress made by Chinese companies in the development of photoresists, a critical material for semiconductor manufacturing, while highlighting the substantial gap that still exists compared to Japanese firms in terms of technology and market share [1][13][18]. Group 1: Importance of Photoresists - Photoresists are essential materials used in the photolithography process of chip manufacturing, impacting the yield and quality of end products [6][7]. - The market size of photoresists is closely linked to the manufacturing capabilities of smart equipment, making it a key indicator of semiconductor technology levels [7][9]. Group 2: Progress in Domestic Production - Over the past two decades, China has prioritized the development of the photoresist industry, with significant policy support aimed at achieving domestic production [7][12]. - By 2023, the domestic photoresist market is estimated to be around 12.1 billion yuan, with a projected compound annual growth rate of 10% over the next five years [13]. Group 3: Comparison with Japan - Despite progress, China's photoresist production remains significantly behind Japan, with domestic high-end photoresist localization rates being extremely low, particularly for EUV photoresists [13][15]. - Japanese companies dominate the global market, holding over 90% market share in high-end photoresists, with four out of the five largest manufacturers being Japanese [13][15]. Group 4: Barriers to Entry - Japanese firms have established strong technical, industry, and market barriers, making it difficult for new entrants to compete [18][20]. - The historical development of technology and the establishment of deep collaborations with downstream wafer manufacturers have solidified Japan's leading position in the photoresist market [20][21]. Group 5: Future Directions for China - To break the monopoly and reduce the gap with Japanese companies, Chinese firms need to enhance R&D efforts and focus on mastering core technologies [21][26]. - The establishment of a complete industrial ecosystem, including the development of domestic photolithography machines, is crucial for the long-term success of China's photoresist industry [26][29].

Core Viewpoint - The article emphasizes the importance of timely and professional information interpretation in investment decision-making, focusing on extracting investment value from significant events, analyzing industry chain companies, and interpreting key policies [1] Group 1 - The product "Telegram Interpretation" aims to provide instant news interpretation with a focus on market impact and investment reference [1] - It presents information in a professional perspective using simple language and visual aids to enhance user understanding [1]

Core Viewpoint - The article highlights the successful IPO of Xiamen Hengkang New Materials Technology Co., Ltd., which is set to become the first stock of photoresist on the Sci-Tech Innovation Board, emphasizing its role in breaking the foreign monopoly on key materials for 12-inch integrated circuit manufacturing [2][4]. Group 1: Company Overview - Hengkang New Materials was established in 2004 and specializes in the R&D, production, and sales of photoresist materials and precursors, being one of the few companies in China capable of developing and mass-producing key materials for 12-inch integrated circuit wafer manufacturing [4]. - The company's products are essential for the production processes of advanced NAND, DRAM storage chips, and logic chips below the 90nm technology node, indicating its critical role in the semiconductor supply chain [4]. Group 2: Financial Performance - According to the prospectus, Hengkang New Materials reported revenues of 322 million yuan, 368 million yuan, and 548 million yuan for the years 2022 to 2024, with net profits of 101 million yuan, 90 million yuan, and 97 million yuan respectively [4]. - For the first nine months of 2025, the company expects to achieve revenues between 440 million yuan and 500 million yuan, representing a year-on-year growth of 12.48% to 27.82% [4]. Group 3: Fundraising and Projects - Hengkang New Materials plans to raise 1.007 billion yuan for projects including the second phase of the integrated circuit precursor project and advanced materials for integrated circuits [5]. - The total investment for the projects is 1.62158 billion yuan, with 1.2 billion yuan expected to be funded through the IPO [6]. Group 4: Market Context and Future Plans - The current domestic market for photoresist materials has low localization rates, with KrF photoresist at approximately 10%, ArF photoresist below 5%, and i-Line photoresist at around 20% [7]. - The fundraising projects aim to enhance the localization rates of key materials such as precursors, SiARC, KrF, and ArF, thereby expanding the domestic substitution market [7]. - Hengkang New Materials aims to leverage its IPO to enhance technological development and industrial layout, expand its product line, and improve its core competitiveness and brand influence [7]. Group 5: Industry Events - The article mentions an upcoming conference organized by TrendBank, focusing on heterogeneous integration technology, scheduled for November 17-19, 2025, in Ningbo, aimed at fostering the development of the advanced electronic information industry in the Yangtze River Delta region [8].

Core Viewpoint - The article summarizes key insights from the "Photoresist Industry Research Report" published by TrendBank, focusing on the photoresist industry chain, application scenarios, industry barriers, and market competition landscape, which aids companies in making informed strategic decisions [2] Key Data - In 2024, China's wafer production capacity is projected to reach 7.5 million pieces per month, representing a year-on-year growth of 13.86% compared to 2023 [3] - The global display panel market size is expected to reach 1.33 trillion yuan in 2024, with an anticipated growth to over 1.4 trillion yuan in 2025, reflecting a year-on-year increase of 6% [4] - From 2019 to 2024, there have been 58 financing events involving photoresist companies in mainland China, with notable large-scale financing [5] Market Size Projections - The market size for semiconductor photoresists in mainland China is projected to be 4.985 billion yuan by 2025 [6] - The market size for display photoresists in mainland China is expected to reach 10.848 billion yuan by 2025 [7] National Policy Support - National policies are empowering the photoresist industry in four major directions: - Tax incentives for integrated circuit enterprises and projects, encouraging the development of materials and components, including photoresists [8] - Import tax incentives for materials like photoresists to reduce costs and promote industry growth [8] - Investment from the National Integrated Circuit Industry Investment Fund, with over 50 billion yuan planned for key material research and industrialization [8] - Special funding exceeding 2 billion yuan for research and innovation in photoresist technology [8]

Core Viewpoint - The establishment of the first domestic 100-ton semiconductor KrF photoresist resin production line by Eight Billion Space is expected to generate over 100 million yuan in revenue upon reaching full capacity [1][3]. Group 1: Company Overview - Eight Billion Space, a wholly-owned subsidiary of Beijing Eight Billion Space Liquid Crystal Technology Co., Ltd., focuses on semiconductor materials and display panel materials, particularly in photoresist raw materials and photo-sensitive polyimide [5]. - The company has established a comprehensive quality management system covering product development to production control, ensuring the provision of high-quality products and services in the domestic semiconductor materials industry [7]. Group 2: Production Capacity and Plans - Eight Billion Space plans to gradually expand its production capacity based on market conditions, aiming for an annual production capacity of 200-300 tons of high-end photoresist resin within the next five years [2]. - The company has designed two fully autonomous production lines to meet the differentiated needs of the entire industry lifecycle, with expectations of achieving tens of millions in revenue by the second half of 2025 as production capacity is gradually released [3]. Group 3: Production Lines and Technology - The high-flexibility R&D pilot line is designed to meet the "small batch, multiple varieties" R&D iteration and pilot verification needs of domestic photoresist manufacturers and research institutions, enabling rapid switching of different formulations and processes [4]. - The high-capacity mass production line focuses on efficiency and stability, ensuring high consistency between product batches and providing strong material support for the large-scale application of domestic high-end photoresists [4]. Group 4: Product Development and Capabilities - Eight Billion Space has developed multiple technologies for the development of photoresist resins, capable of independently developing KrF and ArF series resins, and has conducted resin procurement verification with several leading companies in the photoresist sector [7]. - The company is also engaged in the synthesis and mass production of electronic-grade monomers and PAG photo acids for KrF, ArF, and PSPI photoresist resins, with capabilities for custom synthesis [10].

Core Viewpoint - The company, a leader in liquid crystal display materials, is expanding into three major industries: display, pharmaceuticals, and semiconductors. It has achieved stable supply of photoresist resin and expects to commence formal mass production in the second half of this year, with projected revenue reaching tens of millions by the second half of 2025 [2][3]. Group 1: Product Development and Revenue Projections - The photoresist resin has achieved stable supply, with expected revenue scale reaching tens of millions in the second half of this year [3][9]. - The company is accelerating the research and certification of polyimide, with multiple products currently undergoing validation testing [9][10]. - The automotive display liquid crystal materials have passed tests from multiple clients, with two products already achieving sales [9][10]. Group 2: Strategic Partnerships and Market Position - The company has established a strategic investment relationship with Xiamen Hengkong, which holds an 11.11% stake in the company, enhancing collaboration with downstream photoresist clients [9][10]. - The company is recognized as one of the leading domestic liquid crystal material providers, successfully entering the semiconductor materials sector, and is expected to grow into a platform-type materials enterprise [12].