Understanding chip manufacturing from fourteen core materials: "domestic substitution" will become inevitable

At present, the localization rate of semiconductor materials in my country is about 20%. If domestic semiconductor materials can be basically localized in five years, and considering that the overall market size of domestic semiconductor materials will increase by at least 50% in five years, the overall sales of domestic semiconductor companies will expand to 7-8 times the current level in about five years. At present, the market share of domestic semiconductor materials is relatively scattered, and the market share will inevitably be concentrated in a few leading companies in the future.

Guosen Securities believes that the domestic semiconductor materials industry will inevitably see several companies that maintain rapid growth for five consecutive years, closely following the trend of localization of the domestic semiconductor industry chain, and have room for more than 10 times of business expansion.