中微公司- 中国半导体调研：先进制程产能扩张驱动增长；向平台化解决方案转型；买入评级

7 January 2026 | 9:09PM HKT Equity Research AMEC (688012.SS): China Semis Tour: Advanced node capacity expansion to drive growth; Migrating to platform solution; Buy We hosted AMEC management during our China Semis Tour in Shanghai on Jan 7. Key discussions focused on (1) product development progress, (2) competition edges; (3) logic/ memory end demand. Overall, management is positive on the rising demand from advanced logic, NAND and DRAM in the long term, driven by capacity expansion of advanced node, alt ...