Zhitong Finance APP learned that Shanghai Securities released a research report stating that the SEMI report showed that global semiconductor equipment shipments reached US$33.07 billion in 25Q2, a year-on-year increase of 24%. Sales in mainland China reached US$11.36 billion, down 2% year-on-year and up 11% month-on-month, ranking the world's largest semiconductor equipment market with a share of approximately 34.4%. The launch of iconic products will gradually boost the Micro LED chip market output value, which is expected to increase to US$461 million in 2029. Micro LED is gradually being commercialized in various fields, from TVs, smart watches to automotive displays. The launch of each indicator product symbolizes a technological breakthrough. ShouldThe bank believes that electronic semiconductors may be ushering in a full recovery in 2025, the industrial competition pattern is expected to accelerate the clearing and repair, and the industry profit cycle and related company profits are expected to continue to recover. Maintain the "overweight" rating for the electronics industry.
The main views of Shanghai Securities are as follows:
In 25Q2, global semiconductor equipment shipments increased by 24% year-on-year, with mainland China firmly ranking as the number one market.
On September 8, according to the latest "Global Semiconductor Equipment Market Report" released by the International Semiconductor Institute (SEMI), the global semiconductor equipment shipments in 25Q2 reached US$33.07 billion, a year-on-year increase of 24%. Driven by advanced logic processes, HBM-related DRAM applications and increased shipments in Asia, 25Q2 sales increased by 3% quarter-on-quarter. Judging from the sales of semiconductor equipment in each region in 25Q2, sales in mainland China reached US$11.36 billion, down 2% year-on-year and up 11% month-on-month, ranking the world's largest semiconductor equipment market with a share of approximately 34.4%. SEMI President and CEO Ajit Manocha said: “The global semiconductor equipment market is a record high in 2024.Sales of US$117 billion, with strong performance in the first half of 2025, with revenue exceeding US$65 billion. Chipmakers continue to invest in capacity to support advanced logic and storage innovations driving the artificial intelligence wave, as well as key projects that strengthen regional supply chain resilience. ”
Benefiting from the launch of iconic products, the Micro LED market output is expected to increase rapidly.
On September 9, according to TrendForce, the penetration rate of Micro LED in consumer electronics products is accelerating. Following the launch of Samsung’s 140-inch Micro LED TV in 2023, the Garmin Fenix8Pro smart watch will also introduce related technologies in 2025, plus the Sony Honda which is expected to be released at the end of the same year. Afeela's 30-inch automotive display marks the beginning of Micro LED coverage in various major fields. TrendForce said that the launch of these iconic products will gradually boost the Micro LED chip market output, which is expected to increase to US$461 million in 2029. Micro LED is gradually being commercialized in various fields, from TVs, smart watches to automotive displays. The launch of each indicator product symbolizes a technological breakthrough. With the advantages of high brightness and high contrast, MicroLED has been adopted by some new smart glasses brands. In the future, with the participation of major international manufacturers and the promotion of Micro LED light source suppliers, this technology will gradually emerge in near-eye display devices, helping to increase the overall output value of the industry. TrendForce also pointed out that the market’s acceptance of the current high power consumption and high unit price of Micro LED is still a major test, which also leads toAs a result, it will be difficult to compete with OLED, which has more mature technology and cost advantages in the short term. However, MicroLED can meet the extreme demand for screen brightness for sports watches in outdoor environments, and also has the potential to highly integrate sensing components, paving the way for future product innovation and differentiation.
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