弘则研究 科技前言：晶圆代工行业调研 20250716 摘要 陶二在全球拥有以色列、日本、美国和意大利多个生产基地，但国内无 实体工厂，各基地稼动率差异大，受地缘政治影响，以色列稼动率约为 60%-70%，美国德州酒厂稼动率不足 50%。 中国市场，陶二主要服务射频前道（卓胜微电子、韦尔股份）和硅光领 域（Inernet、新易盛）客户，海外晶圆代工各地区产能饱满程度不一， 日本 12 寸合资厂交付周期相对较短且稳定。 中国晶圆代工市场竞争激烈，国内厂商如中芯国际、华虹等积极提升产 能和技术，主要从 55/65 纳米 CMOS 工艺起步，价格战持续，模拟类 产品领域尤为激烈，或将出现更多并购。 地缘政治推动国产替代，大型终端客户要求供应链一定比例放在国内， 国内大体量公司逐渐成为二供或三供，手机射频需求观望，新兴市场如 汽车电子和 AI 光模块尚未完全替代。 下游需求疲软导致晶圆厂降价，8 寸 CMOS 领域，斯尼克良品率高，成 本优势显著，客户无意转场；12 寸产品线竞争激烈，晶圆代工厂可根据 市场情况调整产能配置。 Q&A 陶二在全球拥有多个生产基地，但国内没有实体工厂，仅有一家合作分测。其 主要生产基地包 ...

Core Viewpoint - Sichuan Jiuzhou's microwave and air traffic control products have extensive applications in the military and defense sectors [1] Group 1: Air Traffic Control Products - The company's air traffic control products focus on monitoring, communication, navigation, and information technology, providing equipment and comprehensive solutions [1] - Sichuan Jiuzhou is expanding into the low-altitude economy, which includes low-altitude testing, infrastructure construction, flight safety operation control solutions, and innovative application scenario development [1] Group 2: Microwave and RF Products - The company's microwave and RF products are primarily used in military applications across various industries, including aviation, aerospace, electronics, weaponry, and shipping [1] - These products serve critical functions in communication, radar, electronic countermeasures, and measurement and control [1]

Hua Hong Semiconductor (01347) Q1 2025 Earnings Call May 08, 2025 05:00 AM ET Speaker0 Ladies and gentlemen, thank you for standing by. Welcome to Huahong Semiconductor First Quarter twenty twenty five Earnings Conference Call. Today's call is hosted by Doctor. Peng Bai, President and Executive Director and Mr. Daniel Wang, Executive Vice President and Chief Financial Officer. Please be advised that your dial ins are in a listen only mode. However, at the conclusions of the management's presentation, there ...