Core Insights - Risen Technology (688531) has announced the mass production of its UNOS series 160kV nano-level open X-ray source, marking a significant breakthrough in China's high-end X-ray source sector [1] - The product features three core advantages: a focal size of only 0.8μm for higher resolution imaging, a maximum tube voltage of 160KV for enhanced penetration performance, and a digital control system for more efficient and intelligent operation [1] - The successful development of this product addresses high-precision detection challenges in advanced packaging, multi-layer stacked chips, and other high-end products [1] Industry Context - The independent research and production of high-performance nano-level open X-ray sources has long been dominated by overseas companies such as Aikens, Finetech, and X-WorX, with limited public sales resources [1] - Risen Technology has not only developed the first domestically produced nano-level open tube X-ray source but has also achieved large-scale production, transitioning China from "technology catching up" to "global parallel" [1] - The UNOS series has established a standardized production process, reinforcing the company's leading position in the industrial inspection industry and allowing it to take strategic initiative amid technological solutions, market competition, and the wave of import substitution [1] Technical Perspective - X-ray sources are core components of industrial inspection equipment, with their performance directly affecting detection quality and efficiency [2] - Open tube X-ray sources are preferred for high-precision, high-resolution, and high-penetration detection scenarios, especially in the semiconductor industry, where detection requirements are continuously upgraded [2] - The open tube X-ray source can quickly locate small particles and scratches during wafer manufacturing and accurately verify the integrity of through-silicon vias (TSV) and the quality of micro-bump soldering in advanced packaging [2] Market Implications - The mass production of domestic open tube X-ray sources is significant as it breaks the overseas monopoly on core technologies, significantly reduces procurement and maintenance costs for domestic manufacturers, and alleviates profit squeeze pressures [2] - It provides domestic technical support for quality inspection in semiconductor wafer processing and front-end preparation processes, effectively maintaining supply chain security amid global trade changes [2] - Industry data indicates that global semiconductor revenue is expected to reach $800 billion by 2025, with the market potentially exceeding 8.47 trillion yuan by 2030, providing a vast market space for domestic inspection equipment [2] Policy Support - Multiple government departments have introduced favorable policies to support the industry, with the "Intelligent Manufacturing Development Plan (2025)" highlighting "high-end non-destructive testing equipment" as a key development area [3] - The "Guidance Catalog for the Promotion and Application of Major Technical Equipment" includes industrial CT and X-ray detection systems, offering subsidies and tax incentives to create a favorable environment for domestic equipment [3] - Risen Technology has achieved mass production of various models of micro-focus X-ray sources ranging from 90kV to 180kV, covering a full spectrum of products, and has initiated small batch shipments of open tube X-ray sources and integrated high-power small focus X-ray sources in the first half of 2025, accelerating the industrialization process [3] Future Outlook - China's semiconductor industry is currently in a period of accelerated domestic substitution, with X-ray inspection equipment being a "must-have" in the upstream of the industrial chain, benefiting from the industry's growth [3] - Risen Technology, through technological breakthroughs and industrialization capabilities, is pushing domestic equipment to approach international levels in terms of detection accuracy, stability, and automation, gradually capturing the high-end market [3] - As the demand for high-precision detection increases in precision manufacturing and the application of 3D/CT inspection and AI automatic defect recognition technology expands, domestic open tube X-ray sources will further empower the upgrade of intelligent manufacturing [3]