外包半导体测试服务是指半导体企业将其半导体产品测试环节委托给专业的第三方测试服务提供商来完成的一种业务模式。这些专业测试服务提 供商拥有专业的测试设备、技术团队和测试场地，能够按照客户的要求对半导体芯片、晶圆或封装后的半导体器件进行各类测试，涵盖了从芯片 设计验证、晶圆测试、芯片封装测试到系统级测试等多个环节。 全球市场 外包半导体测试服务 市场规模（销售额） , 2020 VS 2024 VS 2031 （百万美元） 2024 年，全球外包半导体测试服务市场的营业额约为 8,544.72 百万美元，预计到 2031 年将达到 14,097.76 百万美元。我们预计 2025-2031 年全球 营业额的复合年增长率为 6.80% 。随着半导体产业的发展，专业化分工趋势加深，以 Fabless+Foundry+OSAT 为代表的半导体专业分工模式成为 主流。在这种模式下，检测环节采取 Labless 模式，即将检测业务分包给第三方机构完成，有效协同各产业链，提高研发效率。越来越多的企业 倾向于将非核心的测试业务外包，以专注于自身的核心竞争力，这为外包半导体测试服务市场带来了广阔的发展空间。 全球各国政府都在大力 ...

Core Viewpoint - The company reported a decline in revenue and profitability due to a challenging market environment, particularly in the consumer chip testing segment, while the new Lingang project is progressing as planned without any early or delayed completion issues [1][2][4]. Financial Performance - In 2024, the company achieved a revenue of 276 million yuan, a year-on-year decrease of 12.43%, and incurred a loss of 42.03 million yuan, transitioning from profit to loss [2]. - The revenue from wafer testing dropped by 34.28% year-on-year, influenced by increased competition and a decrease in average service prices [3][4]. Market Conditions - The integrated circuit industry is experiencing structural differentiation, with weak demand for consumer chips and a growing demand for high-end automotive and AI chips that has not compensated for the overall decline [2][3]. - The testing service market is characterized by intense homogenization, leading to a decrease in service prices and impacting overall revenue [2][3]. Project Development - The Lingang integrated circuit testing industrialization project is on track, with a total budget of 800 million yuan and an expected construction period of around two years. As of May 31, 2025, 745 million yuan has been invested, with 650 million yuan already capitalized [4][5]. - The project has begun trial production in the first half of 2024 and officially commenced production in June, contributing to increased revenue in the fourth quarter [4][5]. Client Dynamics - The company faced instability in downstream customer demand, with significant revenue decline from a major client, which saw a year-on-year decrease of 71.82%, reducing its contribution to total revenue from 21.85% in 2023 to 7.03% in 2024 [2][3].

Core Viewpoint - The global semiconductor testing services market is projected to reach $21.02 billion by 2031, with a compound annual growth rate (CAGR) of 6.9% from 2025 to 2031 [1]. Market Overview - Semiconductor testing services involve specialized techniques to detect defects and verify product compliance throughout the semiconductor supply chain, including wafer testing, finished product testing, and laboratory analysis [1]. - The market is dominated by wafer testing, which accounts for approximately 45.8% of the total market share [5][9]. - The primary application for semiconductor testing services is in computing and networking, representing about 52.8% of the market [11]. Market Players - Major global semiconductor testing service providers include ASE Group, TSMC, and Samsung, with the top five companies holding around 41.0% of the market share in 2024 [4][20]. Market Drivers - The shift in the global semiconductor supply chain and domestic substitution is driving growth in the semiconductor industry, particularly in China, which is the largest single regional market [14]. - Emerging industries such as 5G, smart vehicles, and AI are increasing demand for semiconductor products, necessitating enhanced testing services to ensure reliability and performance [14]. - The advancement of semiconductor processes requires stringent quality control, leading to higher demand for testing services [15]. - The trend towards specialization in the semiconductor industry, including the Fabless+Foundry+OSAT model, is fostering the growth of independent testing services [15]. Market Challenges - The semiconductor testing industry faces technical challenges due to the increasing complexity of integrated circuit processes, requiring advanced testing technologies [16][18]. - There is a high dependency on imported high-end measurement and testing equipment, with domestic production rates remaining low [18]. - Financial pressures arise from the need for expensive high-end equipment and ongoing investments in technology and talent development [18][19]. - A shortage of skilled professionals in the semiconductor testing field poses a risk to the industry's growth and competitiveness [19]. - The market is becoming increasingly competitive, with many new entrants, making it essential for companies to enhance their technological capabilities and service quality [19].