《大行》华泰证券:中国成熟制程产能快速扩张 全球供需或结构性分化

阿斯达克财经
Feb 10, 2025

华泰证券发表研报指,过去五年在地缘政治等外部因素,以及国内终端及设计企业的内生推动下,中国晶圆代工行业(尤其是成熟制程)经历快速发展。华泰证券预计,2024至2027年中国12寸成熟制程产能将保持年均27%的快速扩张,到2027年占全球份额将达到47%,8英寸份额稳定在约25%;全球12寸成熟制程供需将结构性分化,28奈米有望维持满载,但40至90奈米节点或将呈现过剩;代工价格恐于2026年进入...

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