深交所公开信息显示 成都超纯应用材料股份有限公司 （以下简称："超纯股份"） 创业板IPO申请已获受理 公告显示 公司拟首发募资11.24亿元 2021年，成都超纯应用材料股份有限公司通过"科创通"平台，在成都银行申请了1000万元"科创贷"资金支持。 此外，超纯股份还申请获得了"国家科技计划项目配套资助""科技与专利保险补贴"等3项成都市科技项目的立项支持。 超纯股份负责人表示，本次创业板IPO获受理及后续上市，将为企业发展注入强劲动力。未来，公司将借助资本市场平台进一步提升研发能力、扩充产 能、丰富产品线，投入更多资源保障半导体设备特殊涂层零部件的生产，为我国集成电路制造业供应链的自主安全生产保驾护航。 了解"科创贷" 日前 超纯股份成立于2005年8月，是国内半导体设备精密零部件制造行业的领军企业之一，曾荣膺四川省企业技术中心称号。企业深耕半导体零部件精密制造 技术多年，掌握了满足极高标准的精密机械制造、金属与非金属先进表面处理的特种工艺、先进刻蚀机用腔体材料制备、半导体材料等核心制造技术，以 及组装与检测等多种工艺流程，成功攻克了该领域内精密制造的特种工艺难题，实现了半导体设备部分精密零部件的国产化自 ...

ACM to participate in 28th Annual Needham Growth ConferenceFREMONT, Calif., Dec. 29, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer and panel processing solutions for semiconductor and advanced packaging applications, today announced that it will release its preliminary revenue range for fiscal year 2025, and will provide its initial outlook for 2026 revenue before the U.S. market opens on Thursday, January 22, 2026. ACM also announced it will participate vir ...

Market Overview - Asian stocks ended mixed amid concerns about a potential AI-driven market bubble and signs of a weakening U.S. labor market [1] - Oil prices drifted lower after a recent gain, while China's Shanghai Composite index finished marginally lower as investors refocused on economic fundamentals [2] - Hong Kong's Hang Seng index surged 0.85% following the People's Bank of China's commitment to maintain an "appropriately loose" monetary policy [3] Company Performance - Sony Group shares increased by 3.7% after raising its profit outlook, while SoftBank Group and Tokyo Electron saw declines of 3.5% and 1.6% respectively [4] - In South Korea, the Kospi index rose 1.07%, driven by gains in auto and energy stocks, with Hyundai Motor and SK Innovation rising by 2.4% and 3.4% respectively [4] - Australian markets ended lower, with the S&P/ASX 200 dipping 0.22% as investors expressed concerns over high tech valuations, while Commonwealth Bank of Australia fell 3.1% due to margin pressure warnings [5] Economic Indicators - New Zealand's S&P/NZX 50 index rose 0.49% to a record high, reflecting positive market sentiment [6] - U.S. stocks ended mixed, with the Dow rising 1.2% to a record close amid expectations of an end to the government shutdown, while the tech-heavy Nasdaq Composite fell 0.3% [7] - A report indicated that private employers in the U.S. shed an average of 11,250 jobs per week in the four weeks ending October 25, signaling a deteriorating labor market [6]

Core Insights - SCHMID Group has successfully secured two significant orders in the rapidly growing field of Panel Level Packaging and mSAP production Equipment [1][4] Company Developments - The first project involves delivering a cluster configuration of InfinityLine C+ and InfinityLine H+ equipment to a leading global technology company in Southeast Asia, which specializes in semiconductors and infrastructure software [2][3] - The second project includes supplying horizontal InfinityLine H+ and vertical InfinityLine V+ machines to a customer in China, aimed at expanding mSAP capacities for AI Server PCB and similar products [3] Market Context - The orders highlight SCHMID Group's increasing role in advanced electronics manufacturing amid unprecedented AI-driven demand [4] - Global semiconductor revenues are projected to reach $785 billion in 2025 and accelerate toward $1.1 trillion by 2029, primarily driven by AI-centric architectures and data-intensive computing [5] - A 24% year-over-year increase in AI server shipments is forecasted for 2025, with North American hyperscalers leading the demand [5] Industry Trends - The surge in AI infrastructure investment is reshaping the IC-substrate and advanced PCB ecosystem, with a notable rise in demand for large-body substrates to meet next-generation performance requirements [6] - SCHMID's advanced process equipment portfolio is strategically relevant for enabling scalable, high-yield manufacturing for next-generation packaging technologies [6] Executive Insights - The projects reflect customer confidence in SCHMID's ability to deliver reliable and scalable production solutions for next-generation Advanced Packaging, as stated by the company's CSO [7]

香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性或完整性亦 不發表任何意見，並明確表示概不就因本申請版本全部或任何部分內容而產生或因倚賴該等內容而引致的任何 損失承擔任何責任。 Boffotto Semiconductor Co., Ltd.* 珠海寶豐堂半導體股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警 告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」） 的要求而刊發，僅用作提供資訊予香港公眾人士。本申請版本為草擬本，其內所載資訊並不完整， 亦可能會作出重大變動。 閣下閱覽本文件，即代表 閣下知悉、接納並向珠海寶豐堂半導體股份有限公司（「本公司」）、 其獨家保薦人、獨家保薦人兼整體協調人、顧問、或承銷團成員表示同意： 倘於適當時候向香港公眾人士提出要約或邀請，有意投資者務請僅依據與香港公司註冊處處長 註冊的本公司文件作出投資決定；文件的文本將於發售期內向公眾人士提供。 * 僅供識別 (a) 本文件僅為向香港公眾人士提供有關本公司的資料，概無任何其他目的。投資者不應根據 本文件中的資料作出任何投資決 ...

Core Viewpoint - ASML Holding is recognized as a pivotal player in the technology and capital markets, with a long-term growth potential that extends through 2027 and beyond, earning the title of "quality compounder" from UBS [1] Group 1: Industry Developments - The lithography intensity in the semiconductor industry is increasing, driven by advancements from Taiwan Semiconductor's A14 logic nodes and the transition to High NA extreme ultraviolet (EUV) technology, which is projected to contribute 15% to 20% of ASML's revenue by 2030 [2] - ASML is expanding its involvement in artificial intelligence (AI) by leading Mistral AI's Series C funding round with a €1.3 billion ($1.5 billion) investment, acquiring an 11% stake, which positions the company favorably in the evolving AI chip market [3] Group 2: Stock Performance - ASML's stock experienced a significant surge, with a 7% increase on September 15 and reaching a new 52-week high of $938.68 by September 18, culminating in a 15% rally over five trading days, indicating strong investor confidence [4] - Year-to-date, ASML's stock has risen by 34%, with a 24% increase in the past month, demonstrating resilience amid macroeconomic uncertainties [6] Group 3: Company Overview - ASML, headquartered in Veldhoven, Netherlands, is a leader in semiconductor equipment manufacturing, offering a range of products including lithography, metrology, and inspection systems, which support global chipmakers [5] - The company's market capitalization is approximately $343 billion, reflecting its extensive reach in the industry [5] - Current trading multiples for ASML stock are at 31 times forward adjusted earnings, which, while above industry peers, remains below the company's five-year average, indicating a balance of confidence and valuation discipline [7]

Core Insights - Company announced the launch of six new semiconductor equipment products at CSEAC2025, covering critical processes such as plasma etching, atomic layer deposition (ALD), and epitaxy (EPI) [1] - R&D investment reached 1.492 billion yuan in the first half of 2025, a year-on-year increase of approximately 53.70%, representing about 30.07% of the company's revenue, significantly higher than the average R&D investment level of 10% to 15% for companies listed on the Sci-Tech Innovation Board [1] - The company has over 20 new equipment projects under development, with a significant reduction in development cycle time from 3-5 years to as short as 2 years [1] Product Highlights - Two new etching products were launched, including the CCP capacitive high-energy plasma etching machine Primo UD-RIE, designed for high aspect ratio etching, and the Primo Menova 12-inch ICP single-chamber etching equipment, focused on metal etching applications [2] - The Preforma Uniflash metal gate series in atomic layer deposition includes three products, catering to advanced logic and memory device applications [3] - The PRIMIO Epita RP, the world's first dual-chamber low-pressure epitaxy equipment, features a unique design that reduces production costs and chemical consumption while maintaining high production efficiency [3] Market Position - As a leader in high-end semiconductor equipment manufacturing in China, the company's plasma etching equipment is utilized by top international clients across various advanced integrated circuit production lines, covering 95% of domestic etching application needs [4] - The company has delivered over 6,800 plasma etching and chemical film equipment reaction chambers, achieving mass production and large-scale repeat sales across 155 production lines domestically and internationally [4]

Core Viewpoint - Applied Materials' warning about declining revenue and profits in Q4 2025 has negatively impacted Lam Research's stock performance, raising concerns among investors about potential similar outcomes for Lam [1][4][6] Group 1: Applied Materials Performance - Applied Materials reported Q3 fiscal 2025 earnings of $2.48 per share on sales of $7.3 billion, exceeding analyst expectations of $2.36 per share and $7.2 billion in sales [3] - However, the company projected Q4 profits to drop to approximately $2.11 per share, below Wall Street's forecast of $2.38 per share [4] - Q4 revenue is expected to decline to $6.7 billion, an 8% decrease compared to Wall Street expectations, attributed to "digestion of capacity in China" and "non-linear demand from leading-edge customers" [5][6] Group 2: Impact on Lam Research - Lam Research's stock fell by 6.9% following Applied Materials' announcement, reflecting investor concerns about the semiconductor equipment market [1][6] - The current valuation of Lam Research at 26 times earnings raises questions about its attractiveness as an investment, suggesting it may be time for investors to consider selling [6]

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $518.8 million, slightly up from $518.6 million in the previous quarter [15] - Revenue from products decreased to $454.9 million from $457 million, while services revenue increased from $61.6 million to $63.9 million [15] - Total gross margin for Q2 was 16.3%, down from 16.7% in Q1, with product gross margin at 14.4% compared to 14.9% [15] - Operating expenses decreased to $56.1 million from $59.4 million, reflecting a reduction in operating expenses as a percentage of revenue from 11.5% to 10.8% [16] - Earnings per share for the quarter were $0.27, down from $0.28 in the prior quarter [18] Business Line Data and Key Metrics Changes - The services business showed solid growth with revenues increasing to $63.9 million from $61.6 million [15] - Product gross margin decreased, while services margin slightly increased to 29.9% from 29.8% [15] Market Data and Key Metrics Changes - China revenue increased significantly from $21 million in Q1 to $35 million in Q2, representing about 7% of total revenue [24] - The company expects ongoing revenue from China to stabilize between $40 million to $50 million per quarter [25] Company Strategy and Development Direction - The company is focusing on new product introductions and component qualifications, particularly in the Czech Republic, which is expected to contribute to revenue in Q4 [5] - Efforts to flatten the organization and reduce overall size are aimed at improving efficiency and reducing operating expenses [6] - The integration of acquisitions and implementation of a company-wide SAP business system are ongoing to enhance operational efficiency [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about Q4, anticipating improvements due to cost reductions and new business opportunities [27] - The company remains confident in the long-term fundamentals of the semiconductor industry, particularly with increasing investments in AI [12][13] - There is ongoing uncertainty regarding tariffs, but management has not seen changes in customer demand related to tariffs [11][19] Other Important Information - The company has repurchased 182,000 shares at a cost of $3.4 million as part of its repurchase program [19] - A goodwill impairment charge was noted due to a decline in stock price, but management remains bullish about the underlying businesses [50][51] Q&A Session Summary Question: What contributed to the Q2 revenue exceeding guidance? - Management noted an increase in shipments from the Austin site and a rise in services revenue as key contributors [21][22] Question: Is the expectation for China revenue still positive? - Management confirmed that China revenue is expected to stabilize and improve in the second half of the year [23][25] Question: What is the outlook for Q4 revenue? - Management indicated a cautious optimism for Q4, with potential upward bias due to new business wins and cost reductions [27] Question: Are there concerns about AI regulations affecting revenue from China? - Management expressed confidence in their existing relationships and did not foresee significant risks from potential regulations [30][32] Question: How does the company view the inventory situation among customers? - Management indicated that customers are working down their inventory, which may lead to increased orders in the near future [60] Question: What is the status of tariff reimbursements from customers? - Management clarified that while there are delays in payments, they are confident that customers will eventually pay the outstanding amounts [44][48] Question: What drove the goodwill impairment charge? - The charge was triggered by a decline in stock price relative to the carrying value of goodwill, but management remains optimistic about future performance [50][51]

Core Insights - Lam Research Corporation (NASDAQ: LRCX) is identified as a leading firm in the semiconductor equipment manufacturing sector [1] Company Overview - The article focuses on Lam Research Corporation, highlighting its significant role in the semiconductor equipment market [1] Investment Focus - PropNotes aims to identify high-yield investment opportunities for individual investors, emphasizing the importance of expert research in making informed market decisions [2]