事件 智通财经APP获悉，开源证券发布研报称，外部风险强化自主诉求，内部扩产奠定成长基础，半导体材 料/设备自主可控或加速。全球地缘政治风险加剧，对外技术依赖环节的"断供"隐忧或将被市场重新定 价。该行认为半导体材料/设备的投资逻辑已形成"双轮驱动"。 开源证券主要观点如下： 受益标的：材料：彤程新材/晶瑞电材/南大光电/容大感光/恒坤新材/艾森股份（光刻胶）、鼎龙股份 （光刻胶+抛光垫）、安集科技（抛光液+湿化学品）、上海新阳（光刻胶+湿化学品）、雅克科技（面 板光刻胶+前驱体）、广钢气体/华特气体/金宏气体（电子气体）、路维光电/龙图光罩/清溢光电（掩膜 版）。设备：长川科技/华峰测控/精智达（测试机）、芯源微/盛美上海（涂胶显影设备）。 涂胶显影设备、后道测试设备及电子束检测设备有望受益 涂胶显影：2020年东京电子在涂胶显影领域市占率高达90%，据北方华创2025年答投资者问，国内市场 规模达140亿元，当前国产化率仍较低。涂胶显影设备与曝光设备密切配合，性能直接影响光刻产出的 良率与精密度，当前国内领军企业已实现i线、KrF、ArF等环节的覆盖，禁令背景下，涂胶显影设备供 应链安全重要性提升，国产替 ...

●新华社记者 刘菁 陈诺 周畅 "实践证明，我国自主创新事业是大有可为的！我国广大科技工作者是大有作为的！" 新年伊始，记者深入采访科研"追光者"。他们牢记习近平总书记的殷切嘱托，坚持面向世界科技前沿、 面向经济主战场、面向国家重大需求、面向人民生命健康"四个面向"的战略导向，在攻坚克难中追求卓 越，为高水平科技自立自强写下生动的实践注脚。 逐梦量子的远征 夜色朦胧，中国科学技术大学的实验室灯火通明。 一束光穿过层层叠叠的实验装置，在大气湍流模拟器的"干扰"下开始剧烈抖动，监视器中本应平滑的波 前出现道道"涟漪"。 "开始校正！"中国科学院院士、中国科学技术大学研究员彭承志目光紧锁屏幕，一边小声地提醒同事。 只见，光路上一块镜子正快速改变镜面的形状，像一只无形而精准的手，将四散的光又聚回在一起，屏 幕上的波纹也逐渐抚平。 彭承志轻轻松出了一口气，思考起另外一个难题。"我们怎么才能在地面上，稳稳接住数万公里外量子 卫星上的光信号？"他问记者，随即笑着打了个比方：这好比站在桥上，往疾驰而过的高铁扔硬币，"要 保证每一次都能投进车厢里一个晃动的储蓄罐里"。 在这个近乎"雕刻光线"的实验里，每一束光就是那一枚枚"硬币 ...

新华社北京1月4日电 题：科研追光者的破壁之路 新华社记者刘菁、陈诺、周畅 "实践证明，我国自主创新事业是大有可为的！我国广大科技工作者是大有作为的！" 新年伊始，记者深入采访科研"追光者"。他们牢记习近平总书记的殷切嘱托，坚持面向世界科技前沿、 面向经济主战场、面向国家重大需求、面向人民生命健康"四个面向"的战略导向，在攻坚克难中追求卓 越，为高水平科技自立自强写下生动的实践注脚。 逐梦量子的远征 夜色朦胧，中国科学技术大学的实验室灯火通明。 一束光穿过层层叠叠的实验装置，在大气湍流模拟器的"干扰"下开始剧烈抖动，监视器中本应平滑的波 前出现道道"涟漪"。 "开始校正！"中国科学院院士、中国科学技术大学研究员彭承志目光紧锁屏幕，一边小声地提醒同事。 只见，光路上一块镜子正快速改变镜面的形状，像一只无形而精准的手，将四散的光又聚回在一起，屏 幕上的波纹也逐渐抚平。 彭承志轻轻松出了一口气，思考起另外一个难题。"我们怎么才能在地面上，稳稳接住数万公里外量子 卫星上的光信号？"他问记者，随即笑着打了个比方：这好比站在桥上，往疾驰而过的高铁扔硬币，"要 保证每一次都能投进车厢里一个晃动的储蓄罐里"。 在这个近乎"雕 ...

Group 1: Core Insights - The probe card is a crucial hardware component in the semiconductor manufacturing process, used during the wafer testing phase to detect defects and test functionality, directly impacting chip yield and manufacturing costs [5][6] - The global probe card market is projected to reach $2.656 billion in 2024, with a compound annual growth rate (CAGR) of 7.45% from 2025 to 2031 [9] - The MEMS probe card dominates the market, accounting for approximately 74.8% of the total revenue in 2024, with a projected revenue of $1.987 billion [12] Group 2: Market Structure - Probe cards are categorized into MEMS, vertical, and cantilever types, with MEMS cards being the leading product due to their high precision, efficiency, and durability [6] - The market shares for vertical and cantilever probe cards are expected to be 11.61% and 9.64% respectively in 2024, indicating a lower market presence compared to MEMS cards [6] Group 3: Competitive Landscape - According to QYResearch, the top companies in the probe card market for 2024 include FormFactor, Technoprobe S.p.A., and Micronics Japan, with FormFactor leading with a market share of 23.57% [15] - FormFactor's revenue is projected to increase from $497.90 million in 2023 to $625.96 million in 2024, reflecting a year-over-year growth of 25.72% [15] Group 4: Regional Insights - The Asia-Pacific region is the largest market for probe cards, accounting for approximately 74% of the global market share, driven by a high concentration of semiconductor manufacturing facilities [16] - China, as the largest semiconductor consumer market, shows strong demand for probe cards but has a low domestic production rate, heavily relying on imports [16][17]

新启航的超快激光微纳线路修复设备。 企业供图 南方财经记者吴蓉 实习生郑凝 佛山报道 在佛山高明沧江工业园的无尘车间里，一束纳米级精度的激光正悄然重塑中国半导体产业的区域版图。 这台由新启航半导体自主研发的超快激光微纳加工设备，以其媲美进口设备的性能却近乎腰斩的成本，打破了海外巨头垄断，更是将新启航送上了2025年中 国IC独角兽的榜单。这是一份含金量十足的榜单，全国仅20家企业入选该榜单。这也是继华特气体、国星光电、联动科技、希荻微、蓝箭电子先后登陆资本 市场后，佛山半导体产业又一次质的飞跃。 从上个世纪中旬站上电子产业潮头，到如今研发与市场双轮驱动，2025年成为佛山半导体产业的关键转折年：清溢光电掩膜版基地投产、ABM光刻机项目 落户、先导稀材光芯片产业化启动，再加上新启航入选IC独角兽，一系列突破标志着佛山半导体从"点状突破"正式迈向"生态成形"。 传统半导体产业集群是典型的"正向生长"，它以一座大型晶圆制造厂（Fab）为核心"树干"，自然吸引来芯片设计公司、封装测试厂、设备与材料供应商， 从而形成枝繁叶茂的完整产业链。而佛山上演了一场半导体行业的"反向生长"试验：下游庞大且多元的终端制造需求，吸引半 ...

来源：市场资讯 中芯国际集成电路制造（北京）有限公司，成立于2002年，位于北京市，是一家以从事计算机、通信和 其他电子设备制造业为主的企业。企业注册资本100000万美元。通过天眼查大数据分析，中芯国际集成 电路制造（北京）有限公司共对外投资了1家企业，参与招投标项目53次，专利信息5000条，此外企业 还拥有行政许可225个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 国家知识产权局信息显示，中芯国际集成电路制造（上海）有限公司、中芯国际集成电路制造（北京） 有限公司取得一项名为"掩膜版、半导体结构及其形成方法"的专利，授权公告号CN114078751B，申请 日期为2020年8月。 天眼查资料显示，中芯国际集成电路制造（上海）有限公司，成立于2000年，位于上海市，是一家以从 事计算机、通信和其他电子设备制造业为主的企业。企业注册资本244000万美元。通过天眼查大数据分 析，中芯国际集成电路制造（上海）有限公司共对外投资了4家企业，参与招投标项目127次，财产线索 方面有商标信息150条，专利信息5000条，此外企业还拥有行政许可446个。 ...

Group 1 - The core point of the article is that Semiconductor Manufacturing International Corporation (SMIC) has obtained a patent for a method and system for "layout graphic size calibration, mask, equipment, and storage medium" with the announcement number CN 119493330 B, applied on August 2023 [1] Group 2 - SMIC was established in 2000 and is located in Shanghai, primarily engaged in the manufacturing of computers, communications, and other electronic devices [1] - The registered capital of SMIC is 244 million USD [1] - According to data analysis, SMIC has invested in 4 companies, participated in 127 bidding projects, has 150 trademark information entries, and holds 5000 patent information entries, along with 446 administrative licenses [1]

Core Insights - Semiconductor Manufacturing International Corporation (SMIC) has obtained a patent for a method and system for "layout graphic size calibration, mask, equipment, and storage medium" with the authorization announcement number CN119493330B, applied on August 2023 [1] Company Overview - SMIC was established in 2000 and is located in Shanghai, primarily engaged in the manufacturing of computers, communications, and other electronic devices [1] - The company has a registered capital of 244 million USD [1] - SMIC has invested in 4 companies and participated in 127 bidding projects [1] - The company holds 150 trademark records and 5000 patent records, along with 446 administrative licenses [1]

Core Viewpoint - The article highlights the recent advancements in the G8.6 generation FMM project by Huancai Star and the mask production project by Qingyi Optoelectronics, with a total investment exceeding 4 billion RMB [1]. Group 1: Huancai Star's G8.6 Generation FMM Project - Huancai Star has completed the installation of the first G8.6 generation FMM manufacturing line in Ningbo, with a total investment of 580 million RMB [2]. - The production line features processing capabilities exceeding 700mm and is claimed to be the most integrated and automated FMM production line globally [2]. - The line integrates core processes such as high-precision lithography, electroforming, and laser cutting, meeting the mass production needs for 8.6 generation OLED panels, with a production efficiency improvement of over 40% compared to G6 generation lines [2]. - The pixel precision control is at the micron level, supporting the manufacturing of high-resolution OLED products like 4K and 8K [2]. - The Ningbo factory, as Huancai Star's core production base, already has the capacity for mass production of G6 generation FMM, and the new G8.6 line will further expand production capacity and enhance the product matrix [2][5]. Group 2: Qingyi Optoelectronics' Mask Production Base - Qingyi Optoelectronics held the inauguration ceremony for its flat panel display and semiconductor mask production base in Foshan on November 14 [6]. - The total investment for the two bases is 3.5 billion RMB, with the high-precision flat panel display mask base accounting for 2 billion RMB, constructed in three phases [8]. - The products from this base will cover a-Si, LTPS, and AMOLED technologies for flat panel displays, targeting 8.6 generation and below [8]. - In February 2025, Qingyi Optoelectronics received approval for a private placement plan to raise 1.2 billion RMB for the construction of the high-precision mask production base and the high-end semiconductor mask production base [8]. - The company specializes in the R&D, design, production, and sales of masks, serving various applications in flat panel displays and semiconductors, including power semiconductors and third-generation semiconductors [9].

Investment Rating - The report maintains a "Buy" rating for the company [8] Core Insights - The company has established a unique position in the display and semiconductor industry by integrating "display + IC + advanced packaging" capabilities, with a focus on high-generation mask production [1][2] - The demand for display masks is expected to increase due to the penetration of AMOLED technology and the localization of G8.6 IT-OLED production lines, which will enhance both volume and pricing [1][2] - The semiconductor market is recovering, and the company is expanding its production capacity in advanced packaging, which will further drive growth [3][4] Summary by Sections Company Overview - The company has evolved from film and chrome plates to a comprehensive platform covering G2.5 to G11, enhancing its production capabilities and market position [1][19] - The company is the only domestic manufacturer with a G11 production line, providing a competitive edge in high-generation and high-precision products [1][20] AMOLED and IT-OLED Development - The penetration of AMOLED technology is accelerating, particularly in smartphones and IT devices, leading to increased demand for display masks [41][43] - The G8.6 IT-OLED production lines are being established in China, which will further localize production and enhance the company's market presence [2][41] Semiconductor Market and Advanced Packaging - The global semiconductor market is entering a recovery phase, with increased demand for high-precision masks driven by advanced packaging trends [3][4] - The company is expanding its production lines for semiconductor masks, targeting 130-40nm processes, which will support its growth in this segment [4][5] Financial Forecast - Revenue projections for 2025-2027 are estimated at 11.64 billion, 15.69 billion, and 21.20 billion yuan, with corresponding net profits of 2.63 billion, 3.67 billion, and 5.14 billion yuan, reflecting strong growth rates [5][12] - The company's P/E ratios are projected to decrease from 34.32 in 2025 to 17.53 in 2027, indicating potential for value appreciation [5][12]