Industry Insights - The price of the latest 3nm process CPUs has increased by approximately 20% compared to the previous generation, with a further expected increase of over 50% for the upcoming 2nm process [1] - TSMC has communicated to clients that wafer foundry prices for 5/4, 3, and 2nm processes will rise by about 5% to 10% due to issues related to tariffs, exchange rates, and supply chain efficiency [1] - The global semiconductor wafer production capacity is projected to grow from 31.5 million pieces per month in 2024 to 33.7 million pieces per month in 2025, driven by increasing chip demand [1] - The rise of the AI industry is boosting demand for high-end consumer electronics and computing power, which is expected to sustain growth in the wafer foundry sector in the coming years [1] - The wafer foundry industry in mainland China has a cost advantage of approximately 30-40% compared to overseas foundries, which is accelerating the layout of domestic capacity by foreign companies due to geopolitical factors [1] Company Developments - SMIC, the leading semiconductor foundry in mainland China, has achieved mass production from 90nm to 14nm, with its N+1 process nearing 7nm levels; Goldman Sachs has raised the company's 12-month target price for A-shares from 160.1 RMB to 182.8 RMB [2] - Yandong Microelectronics focuses on 6-inch and 8-inch specialty process platform products in its wafer foundry business; the company has announced that a light communication product has entered the sample trial production stage [2]

Group 1 - The global pure semiconductor foundry industry revenue is expected to grow by 17% year-on-year to exceed $165 billion by 2025, up from $105 billion in 2021, with a compound annual growth rate (CAGR) of 12% from 2021 to 2025 [1] - Advanced nodes, particularly 3nm and 5/4nm, are driving revenue growth, with 3nm node revenue projected to increase by over 600% to approximately $30 billion by 2025, while 5/4nm node revenue is expected to exceed $40 billion [1] - Advanced nodes, including 7nm, are anticipated to contribute over half of the total pure foundry revenue by 2025, highlighting the industry's focus on cutting-edge technology to support high-end AI smartphones and HPC solutions [1] Group 2 - The 2nm node is expected to account for only 1% of total revenue in 2025 but is projected to expand rapidly, potentially exceeding 10% by 2027 due to increased capacity from TSMC in Taiwan [2] - The share of mature nodes (28nm and above) is expected to decline from 54% in 2021 to 36% in 2025, indicating a gradual phase-out of traditional technologies, although revenue from these nodes is expected to remain stable [2] - TSMC is identified as the largest beneficiary in advanced nodes, followed by Samsung and Intel, while UMC, GlobalFoundries, and SMIC continue to see strong demand in other nodes [3] Group 3 - The global semiconductor foundry 2.0 market revenue is projected to grow by 12.5% year-on-year to $72.29 billion in Q1 2025, driven by surging demand for AI and HPC chips [3] - Foundry 2.0 encompasses not only traditional wafer manufacturing but also packaging, testing, and photomask production, integrating all non-memory component manufacturers [3] - The broader foundry 2.0 market is expected to reach $298 billion by 2025, marking an 11% year-on-year growth, transitioning from a recovery phase in 2024 to a growth phase in 2025 [4]

Core Insights - The global semiconductor foundry 2.0 market revenue reached $72.29 billion in Q1 2025, reflecting a year-on-year growth of 13% driven by increased demand for artificial intelligence and high-performance computing chips [1] Industry Summary - The growth in the semiconductor foundry market is primarily attributed to the rising demand for advanced nodes (3nm, 4nm/5nm) and advanced packaging technologies [1]

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