中芯国际及华虹半导体发布25Q2业绩:晶圆代工行业龙头25Q2毛利率优于指引上限

国泰海通证券
Aug 08

本报告导读:我们认为在工业及汽车需求修复下,晶圆代工产能利用率有望持续改善,叠加在地化生产趋势确立,头部Fab 有望实现业绩增长。投资要点:行业观点及投 资建议。 伴随工业及汽车下游开启补库,BCD Analog下游需求有望增长,二季度及下半年晶圆代工产能利用率有望持续提升。此外,当前国内先进制程工艺持续迭代,AI 芯片有望逐步转向国内晶圆代工,而中芯国际、华虹半导体作为布局先进制程的核心资产将...

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