Wafer Manufacturing 1. SMIC 688981: The leading domestic wafer foundry, with a global market share of over 10% in mature processes of 28nm and above, and a production yield of 90% for 14nm technology. By 2025, total production capacity will exceed 1.2 million wafers per month (equivalent to 8-inch), with over 50% localization of equipment … Read more
The cost share of semiconductor precursor materials in storage chips, especially in the emerging HBM (High Bandwidth Memory), is significantly more pronounced compared to traditional storage chips. The table below organizes the cost composition of various stages in the HBM industry chain, which can help you understand intuitively: Industry Chain Stage Cost Composition Item Proportion … Read more
1. Wafer Fabrication Plants 1.1. Advanced Processes Domestic: SMIC International: TSMC (Taiwan), Samsung (South Korea), Rapidus (Japan), Intel (USA) The gap is significant (approximately 2 generations, with SMIC achieving 7nm mass production through multiple polishing): TSMC – 3nm/5nm/7nm account for over 70% of revenue, with 2nm risk production starting this year. 1.2. Mature Processes Domestic: … Read more
Ranked by the market value of fund holdings, data sourced from Tonghuashun. 1. Cambricon: A leader in AI chip design, focusing on intelligent processors for cloud and edge computing. The Siyuan series chips support image recognition and natural language processing, providing core support for AI computing power. A total of 1,308 funds hold shares. 2. … Read more
Comparison Dimension Innoscience Hua Hong Semiconductor Core Positioning GaN Power Semiconductor IDM company in the field Comprehensive Specialty Process Wafer Foundry Technical Focus Third-generation semiconductor materials (GaN), pursuinghigh frequency and high efficiency Diverse specialty process platforms (such as embedded/standalone memory, power devices, etc.), with a wide technical coverage Business Model IDM (Integrated Device Manufacturer): Independent … Read more
The domestic substitution semiconductor industry chain covers the entire process from upstream materials and equipment to midstream design, manufacturing, and packaging/testing. Leading companies in various segments are gradually breaking the international monopoly through technological breakthroughs. The following analysis combines the latest industry dynamics: 1. Core Segments and Leading Enterprises 1. Semiconductor Equipment: The Main Battlefield … Read more
This is not technical advice and does not constitute investment advice. 1. Analysis of Core Price Increase Segments and Domestic Substitution Capability 1. Wafer Manufacturing (Value Share: Approximately 32%) Price Increase Performance: Advanced processes lead the price increase: The price for 2nm processes has risen by over 50% compared to 3nm, while the price increase … Read more
[Image] Driven by the dual forces of the AI wave and geopolitical competition, the semiconductor industry is quietly reshaping the global technology landscape. A recent report from PwC, titled “State of the Semiconductor Industry,” comprehensively outlines the evolution trajectory of this industry. To help semiconductor professionals quickly grasp the trends, I have specifically distilled the … Read more
Significant News! Valued at 70 billion! Chip giant Unisoc has launched its IPO, benefiting these A-share companies. The Chinese chip industry is witnessing a milestone event as the world’s fourth-largest smartphone chip manufacturer officially enters the capital market. On June 27, 2025, the official website of the China Securities Regulatory Commission quietly updated a record: … Read more
1. Overview of the Semiconductor Industry: The Ecological Chain from Design to Application The semiconductor industry chain exhibits a highly specialized structure, which can be divided into four major segments: Design: Companies like Qualcomm (mobile chips), NVIDIA (GPU), and Arm (IP licensing) are responsible for chip functionality architecture and circuit design. Manufacturing: Represented by TSMC … Read more