Summary of Conference Call on Low CTE Materials Industry and Company Involved - The discussion revolves around the **Low CTE (Coefficient of Thermal Expansion) materials** used in the **electronics industry**, particularly in **Apple's iPhone 17 series** and other devices like **NVIDIA's GB300 cabinets** and **Switch Trade** [1][14][43]. Core Points and Arguments - **Adoption of Low CTE Materials**: Apple has begun using Low CTE materials in all versions of the iPhone 17, particularly in modules and optical stabilization components, with a higher usage ratio in the upgraded version [1][3][5]. - **Material Cost Increase**: The cost of materials for each phone has increased by approximately **20%**, with the cost per board rising from **45 CNY to 50 CNY or more** [1][11]. - **Monthly Procurement and Supply**: The company procures about **7,000-8,000 meters** of Low CTE materials monthly, with an expected increase to **30,000 meters** by Q4 2025 [1][12][22]. - **Market Share**: The company holds a **50% market share** in the narrowband Low CTE sector, with an anticipated monthly shipment of **100,000 meters** across the market [4][24]. - **Performance Metrics**: The production yield has decreased by **3 percentage points** to **95.7%** due to the adoption of Low CTE materials, affecting bendability tests [4][29]. - **Future Demand**: Demand for Low CTE materials is expected to grow significantly in **AI servers** and high-end consumer electronics, with a notable increase anticipated in **2026** [2][16]. Other Important but Possibly Overlooked Content - **Supplier Dynamics**: The primary suppliers for Low CTE materials include **Honghe, Zhongcai Technology, and Jushi**, with a preference for Taiwanese suppliers like Honghe [1][17]. - **Testing and Certification**: Apple completed the certification process for Low CTE materials in **2024**, with shipments expected to commence in the second half of **2025** [6][49]. - **Comparison with Traditional Materials**: Low CTE materials are superior in technical parameters and performance testing compared to traditional materials, which are currently used in older iPhone models [4][33]. - **Potential for Broader Applications**: While currently limited to iPhone 17, there is potential for broader application in future Apple products, including computers and wearables, depending on market acceptance and technological advancements [5][26][28]. - **Impact of Competitive Landscape**: High-end competitors like **Xiaomi and Huawei** are likely to follow Apple's lead if the new materials prove successful in the market [28]. This summary encapsulates the key insights from the conference call regarding the Low CTE materials, their application in Apple's products, and the broader implications for the electronics industry.