Core Viewpoint - The electronic gas sector is expected to experience long-term value due to supply-demand resonance, with the market poised for nonlinear expansion, driven by changes in the external environment that compel downstream manufacturers to accelerate supply chain restructuring [1] Demand Side - The global wafer expansion is anticipated due to the increasing demand for AI chips in data centers and edge devices, with significant support from China's "14th Five-Year Plan" and the National Fund Phase II, leading to substantial procurement needs for domestic equipment and materials [2] - The transition from mature nodes to advanced processes in wafer manufacturing is expected to significantly increase the consumption of electronic gases per wafer, resulting in a projected market size of 42 billion yuan for electronic specialty gases and 28.8 billion yuan for electronic bulk gases by 2030 [2] Supply Side - The global electronic gas market is characterized by an oligopolistic structure dominated by companies from Europe, the United States, and Japan, with domestic firms currently covering only 20%-30% of the required varieties for integrated circuit manufacturing [3] - The domestic electronic specialty gas industry is in the early stages of achieving self-sufficiency, with a projected localization rate of only 25% by 2025, influenced by recent trade policies and potential supply chain risks from overseas suppliers [3]