国芯网[原:中国半导体论坛] 振兴国产半导体产业！ 不拘中国、 放眼世界 ！ 关注 世界半导体论坛 ↓ ↓ ↓ 9月24日消息，据韩媒报道，SK 海力士计划在未来两年内新购置约 20 台 ASML 的 EUV 光 刻系统。 考虑到 SK 海力士目前持有约 20 台用于研发和生产的 EUV 机台，这意味着 这家存储巨头 对此类设备的保有规模将在两年内翻倍 。 EUV设备价格极其高昂，每台价值在3000亿至5000亿韩元之间，且全球仅荷兰ASML一家能够生产。按 单价计算，SK海力士此次投资规模预计至少在6万亿韩元以上。 这些设备将被陆续引进并分布安装在清州M15X工厂和利川M16工厂。M15X计划在今年底投产，将率 先配置EUV设备；M16则会根据工艺转换（Tech Migration）的路线图逐步引入。 一位熟悉情况的业内人士透露："SK海力士正在考虑提前启动新的EUV生产线，并与ASML保持紧密协 商，以加快设备交付速度。" 在 SK 海力士的两大业务领域中，内存端的 EUV 光刻工艺早已随着 2021 年的 1a nm DRAM 实现商业化，EUV 的应用规模也在随着内存世代演进稳步提升。 而由于 AI ...

Core Viewpoint - ASML reported strong Q2 2025 results with net sales of €7.7 billion, a gross margin of 53.7%, and a net profit of €2.29 billion, driven by robust demand for EUV lithography systems and a significant increase in new orders [1][2][3]. Financial Performance - Q2 2025 net sales reached €7.692 billion, slightly down from Q1 2025's €7.742 billion, but still within the guidance range [4]. - Gross profit for Q2 2025 was €4.13 billion, with a gross margin of 53.7%, slightly lower than Q1's 54.0% [4]. - Net income for Q2 2025 was €2.29 billion, translating to earnings per share (EPS) of €5.90, down from €6.00 in Q1 [4][3]. Order and Sales Dynamics - New orders surged to €5.541 billion in Q2 2025, a 40.8% increase from €3.936 billion in Q1 2025, indicating strong market demand [3][4]. - EUV lithography systems accounted for €2.3 billion of the new orders, representing 41.5% of total bookings, highlighting the resilience in advanced process technology demand [3][2]. Future Outlook - The company expects Q3 2025 net sales to be between €7.4 billion and €7.9 billion, with a gross margin forecasted between 50% and 52% [5]. - For the full year 2025, ASML anticipates a 15% growth in total net sales, with a gross margin around 52% [5]. - The CEO noted ongoing uncertainties due to macroeconomic and geopolitical factors, which may impact growth projections for 2026 [5].

Core Viewpoint - The semiconductor market is experiencing a pullback due to tariffs, trade wars, and recession fears, but this creates attractive buying opportunities for long-term investors as the market is expected to grow significantly over the coming decades [1][2]. Group 1: TSMC - TSMC is the largest and most advanced contract chipmaker, relied upon by major companies like Nvidia, AMD, Qualcomm, and Apple for producing high-performance chips [4][5]. - In the latest quarter, TSMC generated 59% of its revenue from the high-performance computing (HPC) market and 28% from the smartphone market, with HPC growth offsetting smartphone market softness [5]. - TSMC's revenue is expected to grow at a compound annual growth rate (CAGR) of 21% from 2024 to 2027, with earnings per share (EPS) expected to grow at a CAGR of 22% [8]. Group 2: ASML - ASML is the largest producer of lithography systems and the only producer of extreme ultraviolet (EUV) lithography systems, essential for manufacturing advanced chips [9][10]. - ASML's low-NA EUV systems cost approximately $180 million each, while high-NA systems cost around $380 million, giving the company significant pricing power [10]. - Analysts expect ASML's revenue and EPS to grow at a CAGR of 12% and 19%, respectively, from 2024 to 2027 [11]. Group 3: Arm Holdings - Arm designs power-efficient CPUs, which are widely used in smartphones, tablets, IoT devices, and connected vehicles, capturing about 99% of the smartphone market [13][14]. - Arm plans to develop its own first-party chips, which could enhance its competitiveness and reduce costs by eliminating licensing fees [15]. - From fiscal 2024 to fiscal 2027, Arm's revenue is expected to grow at a CAGR of 23%, while EPS is projected to grow at 81% [16].