未知机构：国君电子兴森科技ABF载板推荐系列二1TAM潜在市场总量-20250318

Summary of Conference Call on ABF Substrate Market Industry Overview - The report focuses on the ABF substrate market, highlighting its potential growth driven by advancements in AI and high-performance computing (HPC) [1][2]. Key Market Insights 1. Total Addressable Market (TAM): The global TAM is projected to grow from $37.2 billion in 2023 to $73.4 billion by 2030. - Breakdown: - PC CPUs account for 30% - Server CPUs account for 11% - Gaming GPUs account for 16% - AI GPUs are expected to rise from 11% in 2023 [1][2]. 2. Serviceable Available Market (SAM): The reachable market in China is approximately ¥15 billion. - PC CPU shipments in China are estimated at 40 million units, with an ABF substrate price of ¥100 per unit, resulting in a market size of about ¥4 billion. - Server CPU shipments are around 7 million units, with an ABF substrate price of ¥300 per unit, leading to a market size of approximately ¥2.1 billion [1][2]. 3. Serviceable Obtainable Market (SOM): The obtainable market is estimated at approximately ¥6.9 billion. - Breakdown: - H (¥1.5 billion): 1.3 million Ascend chips correspond to a demand for 1.3 billion ABF substrates. - I (¥4.6 billion): Domestic Intel server market share at 80% corresponds to a procurement demand of ¥1.6 billion, and PC market share at 75% corresponds to ¥3 billion. - N (¥800 million): Domestic H20 with 100,000 units corresponds to a demand for ¥800 million in ABF substrates [2]. Importance of ABF Substrates - ABF substrates are critical in bridging advanced process dies and PCB boards, representing the direction of high-performance computing development. - The demand for ABF substrates is expected to rise in both AI and robotics sectors, indicating a simultaneous increase in both volume and price [2].