2025年7月至2026年1月，国内半导体集成电路行业迎来融资热潮，资本布局呈现频次密集、赛道聚焦、区域集群化的鲜明特征。在国产替代攻坚与全球算 力需求爆发的双重驱动下，行业正步入资本与技术深度绑定、产业链协同升级的关键阶段。本次分析基于公开报道及笃威尔自有数据综合整理，涵盖股权 融资、战略投资、收购等各类资本事件，分析半导体集成电路的产业发展。 一、全国融资全景 规模攀升，结构分化显著 本期全国半导体集成电路领域资本活跃度持续攀升，全周期共发生融资事件681起，覆盖610家企业，吸引1130家投资机构参与布局，其中交易金额超10亿 元的大额融资事件达82起，充分彰显资本对半导体赛道的高度关注与重度投入，整体呈现规模与质量双升态势。 从融资结构来看，额度与轮次分布呈现鲜明特征，额度层面，"小额密集、大额集中"的格局显著，500万以下小额融资事件达578起，占比超84.9%，为行 业创新储备提供源头活水；而82起10亿级以上大额融资则高度集中于资本密集型领域，头部企业虹吸效应明显，长鑫科技、摩尔线程等龙头企业单次募资 规模均超数十亿元，凭借技术壁垒与量产能力占据资本高地。 轮次分布上，战略融资以307起占据绝对 ...

Core Viewpoint - The semiconductor materials and equipment sector is experiencing a steady recovery, driven by domestic manufacturing growth and global demand for computing power, with significant opportunities arising from domestic substitution policies and technological advancements in key areas [1][2]. Group 1: Market Performance - As of June 10, 2025, the CSI Semiconductor Materials and Equipment Theme Index (931743) fell by 2.53%, with leading stocks such as Tuojing Technology down 4.43% and Zhongwei Company down 4.19% [1]. - The Semiconductor Materials ETF (562590) also decreased by 2.52%, with the latest price at 1.05 yuan, although it had a weekly increase of 2.39% as of June 9, 2025, ranking first among comparable funds [1]. Group 2: Domestic Manufacturing Data - From January to April 2025, China's electronic information manufacturing industry saw a year-on-year increase of 11.3% in added value, surpassing the growth rates of the industrial and high-tech manufacturing sectors by 4.9 and 1.5 percentage points, respectively [1]. - The production of integrated circuits reached 150.9 billion units (+5.4%), while microcomputer equipment production was 10.5 million units (+4.7%), and mobile phone production was 454 million units (-6.8%) [1]. - The industry achieved revenue of 5.12 trillion yuan (+10.1%) and profits of 159.7 billion yuan (+11.6%), with a profit margin of 3.1%, an increase of 0.4 percentage points from the first quarter [1]. Group 3: Global Market Outlook - The World Semiconductor Trade Statistics Association (WSTS) predicts that the global semiconductor market will reach $700.9 billion in 2025, with an 11.2% year-on-year growth, driven by AI, cloud infrastructure, and consumer electronics upgrades [2]. - The growth in the semiconductor materials and equipment sector is expected to benefit from both domestic substitution policies and the global surge in computing power demand [2]. Group 4: Industry Composition - The Semiconductor Materials ETF (562590) closely tracks the CSI Semiconductor Materials and Equipment Theme Index, selecting 40 listed companies in the equipment and materials sector, which has a high concentration in the supply chain covering critical areas such as lithography, etching, and thin film deposition [2]. - Key players in the index, such as Northern Huachuang and Zhongwei Company, are making technological breakthroughs and engaging in mergers and acquisitions to fill domestic gaps in critical areas like etching machines and photoresists [2].