2026 年半导体行业展望：CoWoS 技术扩产以满足人工智能、高性能计算时代的需求

Taiwan Equity | Technology Industry In-depth 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 Sector In-depth Fubon Research August 13, 2025 Overweight Source: Google Sherman Shang (886-2) 6606-8060 sherman.shang@fubon.com Vincent Cho (886-2) 2781-5995 ext. 37139 vincent.cw.cho@fubon.com Produced by: Fubon Research Distributed by: Jefferies Group LLC, including Jefferies LLC in the U.S. and Jefferies Hong Kong Limited in Hong Kong 2026 semiconductor outlook CoWoS expansion to meet demands of AI, HPC era ◆ CoWoS on track though ...