半导体设备ETF易方达紧密跟踪中证半导体材料设备主题指数，中证半导体材料设备主题指数选取40只 业务涉及半导体材料和半导体设备等领域的上市公司证券作为指数样本，反映半导体材料和设备上市公 司证券的整体表现。 数据显示，截至2025年12月31日，中证半导体材料设备主题指数(931743)前十大权重股分别为北方华 创、中微公司、拓荆科技、长川科技（维权）、沪硅产业、华海清科、中科飞测、南大光电、安集科 技、芯源微，前十大权重股合计占比65.08%。（以上所列股票仅为指数成份股，无特定推荐之意） 份额方面，半导体设备ETF易方达最新份额达20.91亿份，创近1年新高，位居可比基金2/5。（数据来 源：Wind） 从资金净流入方面来看，半导体设备ETF易方达近20天获得连续资金净流入，最高单日获得6.21亿元净 流入，合计"吸金"27.58亿元，日均净流入达1.38亿元。（数据来源：Wind） 截至2026年1月27日 14:45，中证半导体材料设备主题指数(931743)强势上涨2.43%，成分股芯源微上涨 10.90%，神工股份上涨10.53%，金海通上涨10.00%，康强电子，华峰测控等个股跟涨。半导体设备 ...

智通财经APP获悉，东兴证券发布研报称，混合键合行业已进入高速落地期，相关设备需求预计在2030 年前实现数倍增长，标志着该技术已成为驱动下一代算力的确定方向。混合键合(Hybrid Bonding)技术 是后摩尔时代突破算力瓶颈的关键使能技术，其需求正由AI/HPC(高性能计算)和HBM(高带宽内存)的爆 发式增长强力驱动。当前市场由海外龙头主导，但国产替代机遇明确。 东兴证券主要观点如下： Q1：混合键合是什么? 先进封装已成为驱动算力持续提升的"后摩尔时代"新引擎，键合技术的性能直接决定了集成系统的上 限。键合技术本身经历了从引线键合、倒装芯片、热压键合到扇出封装的演进，最终迈向混合键合时 代。混合键合通过铜-铜直接键合取代传统凸块，实现了10μm以下的超精细间距互连，在互连密度、带 宽、能效和单位互连成本上带来数量级提升，是支撑3D堆叠与异构集成的关键突破。其工艺分为晶圆 对晶圆(适合存储等均匀小芯片)和芯片对晶圆(适合大芯片及异构集成)。目前，混合键合已在 3DNAND、CIS(取代TSV)等领域成熟应用，并正加速向HBM、AI芯片、DDR6+及SoIC等高性能计算场 景扩展，成为突破算力与带宽瓶颈 ...

25 January 2026 | 5:54PM HKT Equity Research AMEC (688012.SS): Etching tools shipments ramp up for advanced nodes; 4Q Rev +21% YoY, NI midpoint +31% YoY; Buy AMEC pre-announced 4Q Rev of Rmb4.3bn (+21% YoY), which is 10%/ 3% lower than our estimates and Bloomberg consensus. 4Q GM improved to 39.7% (vs. 2Q25/ 3Q25 at 38.5%/ 37.9%). With the continuous spending on R&D for new product development, 4Q25 net income came in at Rmb869m~Rmb969m (+24%~+38% YoY). In 2025, the company's etching equipment sales were Rm ...

人民财讯1月27日电，企查查APP显示，近日，武汉华创芯源微电子设备有限公司成立，法定代表人为 邓晓军，经营范围包含电子元器件零售；电子元器件批发；电子元器件与机电组件设备销售；专用设备 修理等。企查查股权穿透显示，该公司由芯源微(688037)全资持股。 ...

1月27日，半导体设备板块表现强势。截至10时28分，表征板块的半导体设备ETF(561980)放量涨 1.59%，一度涨2.51%。前几大权重股方面，北方华创涨1.63%，中微公司涨3.30%，寒武纪-U涨0.46%。 资金热度不减，截至1月26日，该基金获资金连续8日净流入，累计超5.6亿。 消息面，中科院研究团队在AI芯片核心的存储技术路径上取得重大进展，其关于铁电材料新结构的研 究成果登上顶级期刊《Science》。该技术有望突破现有存储器的密度与能效极限，为未来AI算力提供 底层硬件支持。报道中提及的"太空存储"概念，更将此技术与高可靠性、极端环境应用的前沿场景联系 起来，为半导体材料（如康强电子、神工股份相关的特种材料）和先进设备打开了充满想象力的长期成 长空间，提振了板块的整体风险偏好。 分析指出，短期看，存储价格上行趋势已定，将逐季传导至设备企业的订单与业绩，构成坚实支撑。长 期看，AI芯片等创新需求将持续驱动半导体资本开支，国产设备与材料公司在技术追赶与供应链安全 背景下，成长逻辑明确。投资者可关注在存储、先进封装及关键材料领域有深度布局的龙头公司。半导 体设备ETF(561980)聚焦设备 ...

Core Viewpoint - KLA (KLAC) is expected to report quarterly earnings of $8.82 per share, reflecting a 7.6% increase year-over-year, with revenues projected at $3.26 billion, a 6.1% increase compared to the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate for the quarter has been revised upward by 0.3%, indicating analysts' reassessment of their initial forecasts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Projections - Analysts estimate 'Revenues- Specialty Semiconductor Process' will reach $144.58 million, a decrease of 9.9% from the prior-year quarter [5]. - 'Revenues- Service' is projected at $751.55 million, indicating a year-over-year increase of 12.6% [5]. - 'Revenues- Product' is expected to be $2.49 billion, reflecting a 3.5% increase from the previous year [5]. - 'Revenues- Semiconductor Process Control' is estimated at $2.94 billion, showing a year-over-year increase of 6.7% [6]. - 'Revenues- PCB and Component Inspection' is forecasted at $159.69 million, a slight decrease of 0.9% year-over-year [6]. Geographic Revenue Insights - 'Geographic Revenues- China' is expected to reach $921.82 million, a decrease of 15.6% from the prior-year quarter [6]. - 'Geographic Revenues- Rest of Asia' is projected at $113.21 million, indicating a year-over-year increase of 17.2% [7]. - 'Geographic Revenues- North America' is forecasted to be $291.08 million, reflecting a 1.7% increase from the previous year [7]. - 'Geographic Revenues- Europe & Israel' is expected to be $145.56 million, a year-over-year increase of 8.4% [8]. - 'Geographic Revenues- Taiwan' is projected at $808.53 million, indicating a decrease of 8.3% year-over-year [8]. - 'Geographic Revenues- Korea' is expected to reach $630.80 million, reflecting a significant increase of 76.5% from the prior-year quarter [8]. - 'Geographic Revenues- Japan' is projected at $323.43 million, indicating a year-over-year increase of 41.5% [9]. Stock Performance - KLA shares have returned +18.2% over the past month, significantly outperforming the Zacks S&P 500 composite, which saw a change of +0.2% [9]. - KLA holds a Zacks Rank 1 (Strong Buy), indicating expectations to outperform the overall market in the near future [10].

Key Takeaways LRCX's Systems revenues are likely to rise sharply in Q2, driven by strong demand from its foundry clients.LRCX is benefiting from AI and HPC investments that boost demand for advanced etch and deposition tools.LRCX's Aether EUV and Akara etch technologies are gaining traction for next-generation chip nodes.Lam Research Corporation (LRCX) is scheduled to release its second-quarter fiscal 2026 earnings on Jan. 28. The chip-making tool provider looks well-positioned for another strong quarter, s ...

Key Takeaways ASML Holding is set to report Q4 results with revenues expected between EURO 9.2B-9.8B.ASML benefits from AI-led demand for advanced nodes, making its EUV lithography tools critical to chipmakers.ASML sees momentum from EUV systems and services, including rising adoption of the NXE:3800 platform.ASML Holding N.V. (ASML) is slated to report fourth-quarter 2025 results on Jan. 28, before market open.ASML expects revenues between €9.2 billion and €9.8 billion. The Zacks Consensus Estimate is pegg ...

Group 1 - The core viewpoint of the article is that Jiangsu Luwen Instrument Co., Ltd. has initiated its IPO guidance with CITIC Securities as the advisory institution, marking a significant step in its growth trajectory [1]. - Luwen Instrument focuses on providing advanced equipment and process solutions for the integrated circuit manufacturing industry, filling a technological gap in domestic markets with products like its self-developed magnetic storage etching machine [4]. - The company has successfully secured nine rounds of financing from various investors, including Shenzhen Capital Group, October Capital, and others, indicating strong investor confidence and support [4]. Group 2 - Luwen Instrument has been recognized as a potential unicorn enterprise for 2024 and a Jiangsu unicorn enterprise for 2025, highlighting its growth potential and market position [4]. - The chairman and CEO of Luwen Instrument, Xu Kaidong, has a strong background in semiconductor research and development, having held significant positions in companies and research centers in Europe prior to leading Luwen Instrument [4].

美国最怕的事情发生了！81岁国产芯片设备巨头中微公司董事长尹志尧，放弃美国籍，恢复中国籍，带 队攻克2纳米刻蚀机！外媒："在刻蚀这个核心环节，中国已经坐上全球牌桌！" 比身份转变更让对手胆寒的，是实打实的技术反杀。 攻克2纳米刻蚀机是什么概念？这难度好比在米粒上雕琢10亿个汉字，容错率极低，误差不得超过头发 丝的百万分之一。 眼看中国半导体设备越做越强，他们祭出的"禁人令"非但没卡住中国脖子，反倒逼出了一个更狠的决 定，81岁的中微公司董事长尹志尧，直接放弃美国籍，恢复中国籍，带队攻克2纳米刻蚀机！ 然而，此间的博弈，其凶险程度远非表面那般云淡风轻。暗潮涌动之下，潜藏着难以想象的危机，远比 肉眼所见的表象要惊心动魄得多。 早在2022年，美方就处心积虑地铺开了大网，明令禁止美籍人员未经授权染指中国先进制程半导体的研 发，妄图用国籍充当"锁链"，困住中国的技术领军者。 尹志尧深耕硅谷数载，名下坐拥86项美国专利，全球半数的刻蚀设备都留有他的技术烙印。这种级别的 掌舵人若被束缚，中微无异于被扼住了咽喉。 岂料，这一招对他根本无效！ 2024年，尹志尧以决绝之势，果断斩断了与美国之间的国籍羁绊，展现出非凡的抉择勇气 ...