中微公司- 国内 AI 扩产推高需求：布局湿法工艺设备；买入

6 January 2026 | 10:27AM HKT Equity Research AMEC (688012.SS): Rising demand on domestic AI ramp up; Expansion to wet process tools; Buy We are positive on AMEC, supported by the rising local demand for AI-related semiconductors, driving the local equipment growth. The company is expanding to platform SPE suppliers, covering etching, deposition, Ion Implantation, and metrology tools across mature and advanced node, and we view AMEC as a key beneficiary of AI demand growth. Moore Threads recently announced a ...