Summary of the Conference Call on China's Wafer Fab Equipment Industry Industry Overview - The conference call focused on the **Wafer Fab Equipment (WFE)** industry in China, highlighting key players such as **NAURA**, **AMEC**, **ACM Research**, **SiCarrier**, and **Piotech** [1][4][6]. Core Insights and Arguments Market Dynamics - The semiconductor sector is central to global power dynamics, especially amid the US-China rivalry, with a significant focus on self-sufficiency in WFE [4][6]. - China is investing heavily in its domestic WFE ecosystem to reduce reliance on foreign technology [6][7]. Key Players and Their Strategies - **AMEC** is advancing its product roadmap, focusing on etching, deposition, and cleaning tools, with a goal to increase its global competitiveness [7][12]. - **NAURA** has established itself as the largest semiconductor equipment manufacturer in China, holding approximately **30%** of the domestic etching equipment market and **28%** of the overall semiconductor equipment market [33][34]. - **ACM Research** is recognized as the largest supplier of semiconductor cleaning equipment in China, holding around **23%** of the market share [51]. Financial Performance - **AMEC** reported a revenue increase from **4.74 billion RMB** in 2022 to **9.07 billion RMB** in 2024, with a notable **44.73%** year-over-year growth from 2023 to 2024 [15][16]. - **NAURA** achieved annual sales revenue exceeding **10 billion RMB** for the first time in 2022, with continued growth projected [30][33]. - **ACM Research** reported significant revenue contributions from its cleaning equipment and advanced packaging solutions, with a total revenue of **$404 million** from cleaning equipment in 2023 [50][52]. R&D and Technological Advancements - **AMEC** has increased its R&D investment by **94.3%** in 2024, reaching **2.45 billion RMB**, which is about **27%** of its revenue [23]. - **NAURA** emphasizes R&D, with over **9,200 patent applications** filed by the end of 2024, focusing on various semiconductor equipment technologies [46]. - **ACM Research** is expanding its R&D capabilities with plans to raise up to **4.5 billion RMB** for new projects [54]. Product Development and Market Expansion - **AMEC** is developing a wide range of thin-film deposition equipment, aiming to cover **50%** of its etching equipment scale within three to five years [15][23]. - **NAURA** has launched several new products, including advanced etching and deposition systems, to meet the growing demand for high-end semiconductor manufacturing [36][41]. - **ACM Research** is diversifying its product offerings, including new electroplating and advanced packaging solutions, to capture a larger market share [50][53]. Additional Important Insights - The WFE sector is critical for achieving China's semiconductor localization goals, with projections indicating a self-sufficiency rate of **50%** by 2025 [34]. - The competitive landscape remains challenging, with domestic manufacturers striving to match the technological capabilities of established global leaders [7][12]. - The focus on advanced packaging, power semiconductors, and compound semiconductors is expected to drive future growth in the WFE market [44][45]. This summary encapsulates the key points discussed during the conference call, providing insights into the current state and future prospects of China's Wafer Fab Equipment industry.

Core Viewpoint - The 2025 TrendBank Lithography Industry Conference aims to address the challenges and advancements in lithography technology, materials, and equipment, focusing on enhancing domestic capabilities in the semiconductor industry [14][23][24]. Group 1: Conference Overview - The conference will take place on July 9-10, 2025, in Hefei, Anhui, organized by TrendBank, with a focus on cutting-edge lithography technologies such as EUV, electron beam lithography, and nanoimprint [14][18][24]. - The agenda includes discussions on the current state of photolithography materials, including photoresists and wet electronic chemicals, and their domestic production challenges [14][22][23]. - The event will feature over 20 industry experts presenting on various topics, providing a platform for interaction across the lithography supply chain [15][18]. Group 2: Key Speakers and Topics - Zhou Mi, General Manager of Ningbo Tianxuan New Materials, will present on the development and progress of nanoimprint optical resins [4][11][14]. - Other notable speakers include experts from institutions like Fudan University and Nankai University, discussing topics such as heterogeneous integration and advanced packaging challenges [11][12][14]. Group 3: Industry Challenges - The domestic photolithography industry faces significant challenges, including low self-sufficiency rates in high-end photoresists and reliance on imports for critical materials and equipment [22][23]. - The high precision required for mask manufacturing and the dominance of foreign companies in high-end lithography machines, such as EUV lithography, are major bottlenecks for the industry [22][23]. Group 4: Strategic Importance - Strengthening the self-sufficiency of lithography technology and related industries is crucial for ensuring supply chain security in the semiconductor sector amid increasing geopolitical tensions [23][24]. - The conference aims to foster collaboration between academia, research institutions, and industry to accelerate technological innovation and enhance the overall competitiveness of the lithography sector [23].

南方财经记者吴佳楠 广州报道 然而，尽管拥有芯片广泛的终端市场，长期缺少芯片制造工厂，晶圆供需极不平衡却一直是广东的短 板。 时间拨回至2020年，当年2月，《广东省人民政府办公厅关于印发广东省加快半导体及集成电路产业发 展若干意见的通知》对外发布，提出优化发展设计业、重点发展制造业、积极发展封测、设备及材料， 完善整体产业链条。同年9月，第23届中国集成电路制造年会首次在广东举行。现场，来自集成电路设 计、制造、封装测试、专用设备及材料领域的国内外知名企业行业代表、科研院所、教授专家，以及国 家大基金和投资机构代表800余位齐聚广东，为广东发展集成电路产业建言献策。 "这是广东第一次聚焦制造领域举办的中国集成电路制造年会，大家蜂拥报名，当时现场座位都不够 坐，业内实在是好奇广东对发展半导体的定位是什么？以及如何与上海、北京等地错位发展？广东是能 快速消费芯片的地方，是不是也适合做半导体这样需要长周期投资的产业？"一名曾参加上述峰会的业 内人士告诉南方财经记者。 广东作为我国开放前沿，率先拥抱全球化，加快外向型经济发展，在芯片这一技术资金密集型领域，过 去易享受到全球化带来的红利，在当下也更易受到"小院高墙" ...