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item_updated_time: 1764345581531
title_diff: "[{\"diffs\":[[1,\"从光刻机的发展，看懂ASML为何是不可取替-摩尔芯闻\"]],\"start1\":0,\"start2\":0,\"length1\":0,\"length2\":26}]"
body_diff: "[{\"diffs\":[[1,\"<html>\\\r\\\n<head>\\\r\\\n  <title>从光刻机的发展，看懂ASML为何是不可取替-摩尔芯闻</title>\\\r\\\n  <basefont face=\\\"微软雅黑\\\" size=\\\"2\\\" />\\\r\\\n  <meta http-equiv=\\\"Content-Type\\\" content=\\\"text/html;charset=utf-8\\\" />\\\r\\\n  <meta name=\\\"exporter-version\\\" content=\\\"YXBJ Windows/608924 (zh-CN, DDL); Windows/10.0.0 (Win64); EDAMVersion=V2;\\\"/>\\\r\\\n  <meta name=\\\"application-data:ANDROID_CLIP_TYPE\\\" content=\\\"article\\\"/>\\\r\\\n  <style>\\\r\\\n\\tbody, td {\\\r\\\n\\t  font-family: 微软雅黑;\\\r\\\n\\t  font-size: 12pt;\\\r\\\n\\t}\\\r\\\n  </style>\\\r\\\n</head>\\\r\\\n<body>\\\r\\\n<a name=\\\"15840\\\"></a>\\\r\\\n<h1>从光刻机的发展，看懂ASML为何是不可取替-摩尔芯闻</h1>\\\r\\\n\\\r\\\n<div><span style=\\\"word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;\\\"><div style=\\\"font-size: 16px\\\"><div style=\\\"font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:16px;\\\"><div style=\\\"font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:16px;\\\"><div style=\\\"font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;box-sizing:border-box;background:rgb(242, 242, 242);\\\"><div style=\\\"font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;box-sizing:border-box;align-items:flex-start;justify-content:space-between;\\\"><div style=\\\"font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;flex:1 1 auto;box-sizing:border-box;\\\"><div style=\\\"font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;background-color:rgb(255, 255, 255);\\\">                    <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(153, 153, 153);font-size:0.9em;line-height:30px;height:30px;padding-bottom:5px;border-bottom:1px solid rgb(238, 238, 238);-webkit-line-clamp:1;overflow:hidden;display:-webkit-box;-webkit-box-orient:vertical;\\\">                        <a href=\\\"http://news.moore.ren/\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:none;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(153, 153, 153);\\\">摩尔芯闻</a>                        <span style=\\\"padding:0px 2px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(153, 153, 153);\\\">&gt;</span>                        <a href=\\\"http://news.moore.ren/industry/\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:none;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(153, 153, 153);\\\">行业新闻</a>                        <span style=\\\"padding:0px 2px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(153, 153, 153);\\\">&gt;</span>                        <a href=\\\"http://news.moore.ren/industry/c-1/\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:none;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(153, 153, 153);\\\">半导体</a>                        <span style=\\\"padding:0px 2px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(153, 153, 153);\\\">&gt;</span>                        <span style=\\\"padding:0px 2px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(153, 153, 153);\\\">从光刻机的发展，看懂ASML为何是不可取替</span>                    </div>                    <h1 style=\\\"padding:0px;margin:15px 0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-weight:normal;font-size:1.6em;color:rgb(51, 51, 51);line-height:1.4em;\\\">从光刻机的发展，看懂ASML为何是不可取替</h1>                    <div style=\\\"padding:0px;margin:0px 0px 30px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;display:-webkit-flex;align-items:center;justify-content:space-between;font-size:0.9em;color:rgb(153, 153, 153);\\\">                        <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"><span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;margin-right:7px;\\\">中信证券 ·</span><span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;margin-right:7px;\\\">2017-12-30 09:14</span><span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;margin-right:7px;\\\">·</span><span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;margin-right:7px;\\\">官方微信</span></div>                        <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">阅读：<span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;margin-right:7px;\\\">1916</span></div>                    </div>                    <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;margin-bottom:30px;color:rgb(119, 119, 119);line-height:1.5rem;\\\"><div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;white-space:normal;\\\">  <img src=\\\":/bf20a87d8f29428a8faa11d0aefc296e\\\" type=\\\"image/jpeg\\\" data-filename=\\\"a46a11bdecb3f7990042a4170474a4af.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;white-space:normal;line-height:25.6px;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:Calibri;color:rgb(136, 136, 136);font-size:14px;letter-spacing:1px;line-height:25.6px;\\\">   来源：内容来自中信证券 ，谢谢。  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;white-space:normal;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  阿斯麦（ASML.O）是全球最大的半导体<a href=\\\"http://www.moore.ren/job/list-new/303/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/305/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">光刻</a>机<a href=\\\"http://www.moore.ren/job/list-new/93/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/305/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/211/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">设备</a>及服务提供商， 在细分领域具备垄断地位。 总部位于荷兰费尔德霍芬（Veldhoven）， 是飞利浦与 ASMI 于 1984 年合资创立， 原称 Advanced Semicondu<a href=\\\"http://www.moore.ren/job/list-new/344/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">cto</a>r Material LithographyHolding N.V.。 1995 年公司在 NASDAQ 与阿姆斯特丹交易所上市， 2001 年更名为 ASML。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  公司技术实力在<a href=\\\"http://www.moore.ren/job/list-new/303/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/305/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">光刻</a><a href=\\\"http://www.moore.ren/job/list-new/93/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/305/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/211/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">设备</a>领域领先， 45nm 以下的高端光刻机的<a href=\\\"http://www.moore.ren/job/list-new/109/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">市场</a>中，占据 80%以上的份额， 尤其在极紫外光（EUV）领域，目前处于垄断地位。 在 2017 年，公司营收达 67 亿欧元，净利润 15 亿欧元， 员工总数约有 16,500 人，其中研发超过 6,000 人。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  光刻设备是半导体关键<a href=\\\"http://www.moore.ren/job/list-new/89/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/303/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">制程</a>， 公司推动了行业技术演进。 光刻（<a href=\\\"http://www.moore.ren/job/list-new/303/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/305/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">lithography</a>） 设备是一种投影曝光系统， 由紫外光源、光学镜片、对准系统等部件<a href=\\\"http://www.moore.ren/job/list-new/209/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">组装</a>而成。 在半导体制作过程中，光刻设备会投射光束， 穿过印着图案的掩模及光学镜片，将线路图曝光在带有光感涂层的硅晶圆上； 通过<a href=\\\"http://www.moore.ren/job/list-new/303/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/305/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">蚀刻</a>曝光或未受曝光的部份来形成沟槽，然后再进行沉积、 <a href=\\\"http://www.moore.ren/job/list-new/303/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/305/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">蚀刻</a>、掺杂，<a href=\\\"http://www.moore.ren/job/list-new/316/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/66/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">架构</a>出不同材质的线路； 此<a href=\\\"http://www.moore.ren/job/list-new/89/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/303/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">制程</a>被一再重复， 就能将数以十亿计的 MOSFET 或其他晶体管， 建构在硅晶圆上， 形成一般所称的集成电路。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/66610654207b4b63847b5385b5a5bfc0\\\" type=\\\"image/jpeg\\\" data-filename=\\\"ab4cc5d618e1c996914206bd854182cd.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    晶圆光刻的工序流程   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  光刻决定了半导体线路的精度，以及芯片功耗与性能，相关设备需要集成材料、光学、机电等领域最尖端的技术，被誉为是半导体产业皇冠上的明珠。阿斯麦在行业中居绝对领先地位， 占有中高端设备 8 成的份额； 其它主要光刻设备厂商为尼康与佳能，但因<a href=\\\"http://www.moore.ren/job/list-new/361/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">产品</a>开发上不如阿斯麦具有灵活性，并且在浸没式光刻<a href=\\\"http://www.moore.ren/job/list-new/361/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">产品</a>上错失关键时间点，目前<a href=\\\"http://www.moore.ren/job/list-new/109/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">市场</a>份额大幅落后于阿斯麦，近年的研发投入与资本支出已经大幅落后，在先进制程上落后 1 至 2 代的技术能力。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/f3a39ef07b8f4c31812359914b6373e6\\\" type=\\\"image/jpeg\\\" data-filename=\\\"30c3557d05d247173247eb151d9ed2e0.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    晶圆的光刻<a href=\\\"http://www.moore.ren/job/list-new/303/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/210/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">工艺</a>原理示意   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  双工作台与浸没式设备是发展转折点。 公司在 1986 时推出第一步进式（stepper）光刻机， 提高掩模的使用效率与光刻精度， 将半导体<a href=\\\"http://www.moore.ren/job/list-new/303/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/210/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">工艺</a>制程向上提升一个台阶；在 2001 年, 公司推出采用双工作台的设备， 能在硅晶圆在一个工作台进行光刻曝光时，同时将另一片晶圆在第二个工作台进行测量对位，大幅提高工作效率与对位精度，此一设计受到客户极大青睐，巩固了公司的市场地位； </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/24be55de4eaf4ddfb9f89a14edf7fb18\\\" type=\\\"image/jpeg\\\" data-filename=\\\"c1e946d130ee50cc5d4b1f75f390fbbe.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    光刻机示意图   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  而在 2007 年， 阿斯麦配合台积电的技术方向， 推出了 193nm 光源的浸没式系统，在光学镜头与硅晶圆片导入液体作为介质，在原有光源与镜头的条件下，能显著提升蚀刻精度，成为目前高端光刻的主流<a href=\\\"http://www.moore.ren/job/list-new/104/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">技术</a><a href=\\\"http://www.moore.ren/job/list-new/104/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">方案</a>，一举垄断市场。 尼康与佳能原本主推 157nm 光源的干式光刻，但此一路线为市场所放弃，也成为这两家公司迈入衰退的重要原因。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/a4ab1c3be7be4fc3a61ad6a0ba7bfd03\\\" type=\\\"image/jpeg\\\" data-filename=\\\"d4b258e3718c106407e77d314d6e9787.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    阿斯麦的革命性产品   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  专注关键环节，研发投入与专业并购形成正向循环。 阿斯麦的研发人员占比将近 4 成，并累计 1 万个以上<a href=\\\"http://www.moore.ren/job/list-new/167/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">专利</a>。 相较于尼康及佳能内部研发多数部件与技术的模式， 阿斯麦推行部件外包与技术合作开发策略，专注于核心技术与客户需求，具有较高的<a href=\\\"http://www.moore.ren/job/list-new/104/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">方案</a>弹性与效率； 公司先后对光刻的细分领域龙头进行<a href=\\\"http://www.moore.ren/job/list-new/165/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">投资</a>， 其中包括在 2000 年收购 Silicon Valley Group，扩展了在美国的研发团队与<a href=\\\"http://www.moore.ren/job/list-new/209/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">生产</a>基地； 在 2007 年收购了美国的 Brion， 强化了专业光刻检测与解决方案能力；在 2013 年完成对紫外光源龙头 Cymer 的收购， 以及在 2016 年取得光学镜片龙头德国蔡司 24.9%的股份， 后两起对技术供应商的<a href=\\\"http://www.moore.ren/job/list-new/165/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">投资</a>，加大了公司在极紫外光领域的领先优势。 </p> <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;\\\">  <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;box-sizing:border-box;\\\">   <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;box-sizing:border-box;\\\"/>  </strong>  <div style=\\\"padding:0px;margin:0px;position:relative;font-family:'Helvetica Neue';max-width:100%;margin-bottom:-10px;font-size:16px;box-sizing:border-box;letter-spacing:1px;line-height:0;color:rgb(60, 60, 60);padding-right:10px;padding-left:9px;text-align:center;font-weight:bold;white-space:normal;\\\">   <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;box-sizing:border-box;line-height:1.8;padding-right:10px;padding-left:9px;z-index:10000;background:rgb(255, 255, 255);\\\">    近年营收稳健增长，   </p>   <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;box-sizing:border-box;line-height:1.8;padding-right:10px;padding-left:9px;z-index:10000;background:rgb(255, 255, 255);\\\">    2017 年进入高周期   </p>   <img src=\\\":/541df2fd68934e94b16ab822db1001b6\\\" type=\\\"image/jpeg\\\" data-filename=\\\"eea2fa7a4a4cb52e596a029b11f5c029.jpg\\\"/>  </div>  <div style=\\\"padding:0px;margin:0px;position:relative;font-family:'Helvetica Neue';max-width:100%;font-size:15px;box-sizing:border-box;letter-spacing:1px;line-height:1.8;color:rgb(60, 60, 60);padding-right:10px;padding-left:9px;text-align:justify;white-space:normal;\\\">   <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/>  </div> </div> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  在 2012-16 年，由于半导体行业升级减速， 设备行业出现低增长甚至衰退。 公司营收增 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  速放缓，但仍维持在 10%左右的增长率。 2016 年下半后， 14nm 与 10nm 制程陆续进入量产， 公司浸没式的 DUV 光刻设备需求持续强劲；同时公司推出的 EUV 光刻系统，是 7nm以下制程的关键设备，成为一线晶圆厂的资本支出的重点。在 2016 年，公司营收达到新高的 67 亿欧元（+8.1%），净利润 15 亿欧元（+5.5%）； 2017 年 Q3 <a href=\\\"http://www.moore.ren/job/list-new/328/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">销售</a>金额 24 亿欧元，同比增长 34.8%，全年营收增长率有望突破 25%，较 2015 和 2016 年不到 10%的增速水平有明显进步。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/25c417639bae4a79a86c1caf548051ce\\\" type=\\\"image/jpeg\\\" data-filename=\\\"dc4ae620c2c4558525bee924b77568b8.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    阿斯麦 2012-2016 营收与利润（单位：百万欧元）   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  逻辑代工与存储行业为主要客户，受益于 3D 存储市场蓬勃发展。 公司在 2017 年 Q3财报中指出， 该年的主要营收贡献来自内存芯片客户； DRAM 市场的终端需求强劲， 公司的相关板块营收， 预估将同比增长 50%， 而来自逻辑芯片的营收， 也可望增长 15%以上。 此外， 以 Nand Flash 为主的存储器件， 市场需求持续强劲， 2017 年 Q3 存储相关的设备预订量， 占公司总预订金额 77%， 份额环比增长将近两倍， 是近期公司拉升营收的关键因素。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/4a0b6e2a3e9242b699d83502b1f66324\\\" type=\\\"image/jpeg\\\" data-filename=\\\"d6bee9ca9d4d063d21a52890424acaae.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    2017Q3 营收<a href=\\\"http://www.moore.ren/job/list-new/327/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">结构</a>，以产品技术及终端应用拆分   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  具备全线光刻设备产品， EUV 设备为高端产品刚性需求。 公司的光刻设备，主要是TWINSCAN 产品， 按低端至高端又分为 XT、 NXT 以及 NXE 几个子系列。 XT 系列是成熟的机型， 具有干式和浸没式两种； NXT 系列全部为浸没式，是主推的高端机型，以 ArF 和KrF 激光光源，量产加工产量每小时可达 250 片，为目前行业中高端主流设备。 XT 与 NXT系列使用的是深紫外光（DUV， Deep Ultra Violet）， 而 NXE 系列使用最先进的极紫外光（EUV， Extreme Ultra Violet）。由于目前在 EUV 领域，其他厂商仍处于研发或试用阶段，距离量产还有数年差距， NXE 系列垄断 10nm 以下的市场，可望帮助公司维持营收盈利的高增速。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/7b502258edb649e1b9b48f0cd4efd153\\\" type=\\\"image/jpeg\\\" data-filename=\\\"b83efabbddbaf5e6cf109681255be403.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    阿斯麦单季营收高增长（单位：百万欧元）   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  在 2017 年 Q3 的收入<a href=\\\"http://www.moore.ren/job/list-new/327/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">结构</a>中， 季度营收 18 亿欧元，其中 ArF 浸没式光刻机 63%， ArF干式光刻机 2%， KrF 光刻机 10%， EUV 光刻设备 21%，检测设备及 I-line1%。 ArF 和 KrF光源属于 DUV 光刻设备，占据公司单季收入的 75%，是目前主要营收来源； 在 2017 年前三季，阿斯麦已售出 EUV 设备 6 台， ArF 浸没式设备 56 台， ArF 干式设备 9 台，KrF 设备51 台和 I-Line 设备 19 台，平均来说，中高端设备单台售价超过 7000 万美元，高端 EUV设备单台售价超过 1 亿美元。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/4a70ef17125346ababe319ccd619f9cf\\\" type=\\\"image/jpeg\\\" data-filename=\\\"036b598c1e0edf6f6eb7d2fa1d50f29d.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    2017 年阿斯麦各类光刻产品售出情况   </em>  </span> </p> <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;\\\">  <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;box-sizing:border-box;\\\">   <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;box-sizing:border-box;\\\"/>  </strong>  <div style=\\\"padding:0px;margin:0px;position:relative;font-family:'Helvetica Neue';max-width:100%;margin-bottom:-10px;font-size:16px;box-sizing:border-box;letter-spacing:1px;line-height:0;color:rgb(60, 60, 60);padding-right:10px;padding-left:9px;text-align:center;font-weight:bold;white-space:normal;\\\">   <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;box-sizing:border-box;line-height:1.8;padding-right:10px;padding-left:9px;z-index:10000;background:rgb(255, 255, 255);\\\">    光刻设备是半导体进化的重要推手   </div>   <img src=\\\":/e2730b3479e0406a9943dd21aa33f7e0\\\" type=\\\"image/jpeg\\\" data-filename=\\\"eea2fa7a4a4cb52e596a029b11f5c029.jpg\\\"/>  </div>  <div style=\\\"padding:0px;margin:0px;position:relative;font-family:'Helvetica Neue';max-width:100%;font-size:15px;box-sizing:border-box;letter-spacing:1px;line-height:1.8;color:rgb(60, 60, 60);padding-right:10px;padding-left:9px;text-align:justify;white-space:normal;\\\">   <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/>  </div> </div> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  半导体产业链庞大，上游设备具备高技术门槛。 整个半导体产业链主要包括 IC 设计、<a href=\\\"http://www.moore.ren/job/list-new/250/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">晶圆</a><a href=\\\"http://www.moore.ren/job/list-new/209/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">制造</a>、<a href=\\\"http://www.moore.ren/job/list-new/78/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">封装</a><a href=\\\"http://www.moore.ren/job/list-new/78/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">测试</a>等环节， 分为前段工序和后段工序，前工序以<a href=\\\"http://www.moore.ren/job/list-new/1/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">电路设计</a>与晶圆加工为主，在硅片等介质上设计与制作集成电路（IC， integrated circuit）；后工序以分割载有集成电路的晶圆片为起点，经过切割、<a href=\\\"http://www.moore.ren/job/list-new/78/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">封装</a>和<a href=\\\"http://www.moore.ren/job/list-new/78/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">测试</a>等工序，最终制成我们所见的芯片产品。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/6504e5ce8eca4c598565fc34cd3f82e2\\\" type=\\\"image/jpeg\\\" data-filename=\\\"64358f16f0d7bbc6cfcd665b11362c55.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    半导体的制作流程   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  半导体工序流程与技术复杂，缩减芯片尺寸需要行业整体投入。 英特尔公司创始人之一 Gordon Moore 在曾经提出，在同样<a href=\\\"http://www.moore.ren/job/list-new/155/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">成本</a>下， 在每一单位面积的硅晶圆上的晶体管数量， 每隔 18-24 个月就会增加一倍。 Moore 的表述，符合往后数十年的行业发展状况，因此被称为摩尔定律（Moore’s Law）。如何缩减集成电路尺寸来改善散热效果与计算能力，提升相关的制程工艺与设备能力，成为半导体产业的共同目标。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/a6e862bc819b47179c50ce76ea38de98\\\" type=\\\"image/jpeg\\\" data-filename=\\\"c8e996512597bf5260ce7dbbdcf2b098.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    半导体行业产业链及重点相关公司   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  随着半导体进入纳米制程，技术已经逼近材料特性与加工工艺的物理极限，摩尔定律已经逐渐失效， 在 2012 年， 光刻技术缺少革命性的变化， 摩尔定律开始出现速度趋缓的迹象，当年全球半导体产业营收出现了 2.6%的负成长，不复以往动辄两位数字的成长表现， 并在2015 年出现了 2.3%的负成长。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/f70223ab778c4ead9284d6842e32ce9c\\\" type=\\\"image/jpeg\\\" data-filename=\\\"db8d0a480ac91b4b9c6f801eb10ea563.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    摩尔定律进展：单位面积的晶体密度（左）与 1 美元能购买的晶体数（右）   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  业界除了将希望寄托在 EUV 来改善光刻能力，同时也改善芯片堆叠结构，譬如鳍式场效电晶体（FinFET） 与三维集成电路（3D IC） 等技术。 研究机构 International Business Strategies 估计，当半导体制程走向 5 纳米节点， IC 设计<a href=\\\"http://www.moore.ren/job/list-new/155/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">成本</a>将会接近 14/16 纳米制程的三倍，业者需要大量的产品<a href=\\\"http://www.moore.ren/job/list-new/328/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">销售</a>额才能回收投资。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/ee330ff895384c9c90aa6873727a034e\\\" type=\\\"image/jpeg\\\" data-filename=\\\"a1168df0babcf38204bb0e93e7aa8620.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    芯片开发成本随着制程快速增加   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  半导体设备门槛日益加大， 第一梯队高增长。 由于研发成本与设备支出高昂，设备行业巨头在高端领域形成寡占。据 Gartner 统计， 2016 年全球半导体晶圆级<a href=\\\"http://www.moore.ren/job/list-new/209/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">制造</a>设备，市场规模达 374 亿美元，前 5 大设备厂商占据了 67.6%市场份额。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/ef1aed064e584c7b86f397bffaedf84b\\\" type=\\\"image/jpeg\\\" data-filename=\\\"f0d48cbd2b8e676a5a9643129a161a3a.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    2016 年全球半导体设备市场份额（%）   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  观察前三大厂商在 2016 年的经营表现， 行业龙头应用材料 2016 年营收超过 100 亿美元，阿斯麦营收 71.5 亿美元，拉姆研究 58.8 亿美元。过去三年的净利润增速，阿斯麦落后与应用材料与拉姆研究，但营业利润率显较好（23%）。我们认为，这是由于公司在高端光刻设备领域接近垄断，支撑了产品议价能力。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/e758f40930fa451487aad0b19518ebc1\\\" type=\\\"image/jpeg\\\" data-filename=\\\"b30482b933b4f3a65c4beedd6a40651a.jpg\\\"/> </p> <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;\\\">  <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;box-sizing:border-box;\\\">   <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;box-sizing:border-box;\\\"/>  </strong>  <div style=\\\"padding:0px;margin:0px;position:relative;font-family:'Helvetica Neue';max-width:100%;margin-bottom:-10px;font-size:16px;box-sizing:border-box;letter-spacing:1px;line-height:0;color:rgb(60, 60, 60);padding-right:10px;padding-left:9px;text-align:center;font-weight:bold;white-space:normal;\\\">   <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;box-sizing:border-box;line-height:1.8;padding-right:10px;padding-left:9px;z-index:10000;background:rgb(255, 255, 255);\\\">    光刻设备决定了晶圆的工艺能力   </div>   <img src=\\\":/9a4ee39c9c4d4458961659dbd8b8eb4d\\\" type=\\\"image/jpeg\\\" data-filename=\\\"eea2fa7a4a4cb52e596a029b11f5c029.jpg\\\"/>  </div>  <div style=\\\"padding:0px;margin:0px;position:relative;font-family:'Helvetica Neue';max-width:100%;font-size:15px;box-sizing:border-box;letter-spacing:1px;line-height:1.8;color:rgb(60, 60, 60);padding-right:10px;padding-left:9px;text-align:justify;white-space:normal;\\\">   <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/>  </div> </div> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  光刻是制作半导体线路的关键制程，决定了线路的精密度。 光刻（<a href=\\\"http://www.moore.ren/job/list-new/303/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/305/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">lithography</a>） 设备是一种投影系统， 这个设备由紫外光源、光学镜片、对准系统等部件<a href=\\\"http://www.moore.ren/job/list-new/209/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">组装</a>而成。 在半导体制作过程中， 光刻设备会投射光束， 穿过印着图案的掩模及光学镜片，将线路图曝光在带有光感涂层的硅晶圆上。 通过蚀刻曝光或未受曝光的部份来形成沟槽， 然后再进行沉积、蚀刻、掺杂，<a href=\\\"http://www.moore.ren/job/list-new/316/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/66/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">架构</a>出不同材质的线路； 此制程被一再重复， 就能将数以十亿计的 MOSFET 或其他晶体管，建构在硅晶圆上，形为一般所称的集成电路。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  半导体制程越先进，光刻设备便需要越精密复杂，包括高频率的激光光源、光掩模的对位精度、设备稳定度等等，集合了许多领域的最尖端技术。 因此光刻机被誉为半导体产业皇冠上的明珠， 具有高度的技术与<a href=\\\"http://www.moore.ren/job/list-new/159/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">资金</a>门槛。 能<a href=\\\"http://www.moore.ren/job/list-new/209/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">生产</a>高端光刻机的厂商非常少， 以荷兰 ASML、日本 Nikon、 和日本 Canon 三大<a href=\\\"http://www.moore.ren/job/list-new/147/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">品牌</a>为主。德国 SUSS、美国 MYCRO、以及中国部分<a href=\\\"http://www.moore.ren/job/list-new/147/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">品牌</a>，能提供低端的接触式与接近式光刻机； 上海微电子（SMEE）也已研制出中端投影式光刻机。但到 14nm 及以下制程，目前只有阿斯麦的设备被晶圆业者用来投入量产，独步全球。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/c84287fc56dd4dec935007a9e7268e16\\\" type=\\\"image/jpeg\\\" data-filename=\\\"10d87c52be1ac526758b8767b14b5edb.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    光刻机的进化迭代   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  产品<a href=\\\"http://www.moore.ren/job/list-new/156/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">价格</a>高昂但技术领先，成为一线晶圆厂首选。 阿斯麦推行部件外包与技术合作开发策略，专注于核心技术与客户需求。从 2000 年后阿斯麦推出双工作台设备后，逐步占据市场统治地位， 无论是设备的精度水平与工作效率均具有全球领先水平； 尼康与佳能的自有研发比重高，牵制了产品规划的灵活性。在先进制程落后阿斯麦之后，目前最大的优势仅在于 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  成本，许多同类机型<a href=\\\"http://www.moore.ren/job/list-new/156/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">价格</a>是 ASML 的一半甚至更低。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  但是在逻辑及存储芯片所使用的先进制程中，设备能力与生产效率往往是晶圆业者的第一考量，所以尼康与佳能的销售机型，集中在 KrF 或低阶的 ArF 光刻机，用于在精度要求不高的制程，譬如 LED 与面板领域的投影光刻机，以及芯片封装使用的后道光刻机。 由于毛利较高<a href=\\\"http://www.moore.ren/job/list-new/111/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">产品线</a>被阿斯麦所掌控，这两家厂商只能缩减研发费用，尼康的设备能力已经落后阿斯麦一个世代，佳能的产品进度还要更慢。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/922874d5d8824a76a88b6e1defd9fb63\\\" type=\\\"image/jpeg\\\" data-filename=\\\"6d98867d5fc4af8831d46fec8e42f779.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    阿斯麦持续推动行业制程水平   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  阿斯麦是光刻技术的重要推手。 最早的光刻机采用接触式曝光， 掩模直接贴在晶圆片上来进行曝光， 容易有制程污染与掩模寿命问题；后来的接近式光刻机， 利用气垫在掩模和硅片之间制造微小空隙， 但也影响了成像精度。 一直到 80 年代的扫描投影曝光，利用光学镜头来调整距离与改善成像<a href=\\\"http://www.moore.ren/job/list-new/83/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/190/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">质量</a>，才能做到微米（μm）以下的精度。 阿斯麦在 1986 时推出步进式（stepper）光刻机， 提高掩模的使用效率与光刻精度，将半导体工艺制程向上提升一个台阶。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  同时在 2001 年推出采用双工作台设备，大幅提高工作效率与精度，成为市占率大幅提升的关键。 2007 年推出浸没式（湿式）系统，在原有光源条件下缩短光波波长，自此确立了在光刻设备的龙头地位。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  光刻机的光源是核心， EUV 是下一代光刻的利刃。 光刻机使用的光源有几项要求： </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  有适当的波长（波长越短，曝光的特征尺寸就越小），同时有足够的能量，并且均匀地分布在曝光区。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  实现光刻进步的直接方法， 是降低使用光源的波长。 早期的紫外光源是高压弧光灯（高压汞灯），经过滤光后使用其中的 g 线（436 nm）或 i 线（365 nm）。其后采用波长更短的深紫外光光源， 是一种准分子激光（Excimer laser），利用电子束激发惰性气体和卤素气体结合形成的气体分子， 向基态跃迁时所产生激光，特色是方向性强、波长纯度高、输出功率大， 例如 KrF （248 nm）、 ArF（193 nm）和 F2（157 nm）等。使用 193nmArF 光源的干法光刻机，其光刻工艺节点可达 45nm，采用浸没式与光学邻近效应矫正等技术后，其极限光刻工艺节点可达 28nm。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/bcc4d59808cd458b9ae72f1ab4979334\\\" type=\\\"image/jpeg\\\" data-filename=\\\"943a06687c768d2ebb71e96c8e35d01b.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    主流光刻机的关键组成   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  首创双工作台，大幅提升生产效率。 在 2000 年前光刻设备， 只有一个工作台， 晶圆片的对准与蚀刻流程都在上面完成。 公司在 2001 年推出的 Twinscan 双工作台系统， 是行业的一大进步， 使得光刻机能在一个工作台进行曝光晶圆片， 同时在另外一个工作台进行预对准工作， 并在第一时间得到结果反馈，生产效率提高大约 35%，精度提高 10%以上。 双工件台系统虽然仅是加一个工作台，但技术难度却不容小觑， 对工作台转移速度和精度有非常高的要求。 阿斯麦的独家磁悬浮工件台系统，使得系统能克服摩擦系数和阻尼系数，其加工速度和精度是超越机械式和气浮式工件台。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/729679b80b0b41eeaad355417944ceda\\\" type=\\\"image/jpeg\\\" data-filename=\\\"45bb3f9941303ccdc3b8eab0f84391e9.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    双工作台光刻设备的构造示意图   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  浸没式光刻与二次曝光提升工艺能力，填补 EUV 问世前的演进缺口。 浸没式光刻是指在镜头和硅片之间增加一层专用水或液体， 光线浸没在液体中曝光在硅晶片圆上； 由于液体的折射率比空气的折射率高，因此成像精度更高。从而获得更好分辨率与更小曝光尺寸。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  2002年业界提出了 193nm 浸入式光刻的设备规划，由于 193nm 的光谱在水中的折射率高达 1.44（折射率越高，蚀刻精度也越好），等效波长缩短为 134nm，设备厂商只需对现有设备做较小的改造， 就能将蚀刻精度提升 1-2 个世代。阿斯麦首先推出 193nm 的浸没式设备， 效果优于 157nm 光源的设备， 成功将 90nm 制程提升到 65nm， 彻底打败选择干式蚀刻路线的尼康与佳能，是行业格局的重要转折。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  到了 2010 年后， 制程工艺尺寸进化到 22nm， 已经超越浸没式 DUV 的蚀刻精度，于是行业开始导入两次图形曝光工艺，以间接方式来制作线路； 即不直接曝光管线部分，而是先曝光出两侧管壁， 间接形成线路<a href=\\\"http://www.moore.ren/job/list-new/332/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">区域</a>。两次曝光虽然能制作比光源精度更高的集成电路，但副作用是光刻次数与掩模数量大增，造成成本上升及生产周期延长，所以波长更短、精度更高的光源，才是提升制程能力的关键。对于使用浸没式+两次图形曝光的 ArF 光刻机，工艺节点的极限是 10nm。 EUV 光刻机可望使工艺制程继续延伸到 7nm 与 5nm。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/60b09edaff44453ba19a1516edaff515\\\" type=\\\"image/jpeg\\\" data-filename=\\\"43c281f43a6a1591a8e350d112971392.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    浸没式光刻与二次图形曝光示意图   </em>  </span> </p> <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;\\\">  <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;box-sizing:border-box;\\\">   <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;box-sizing:border-box;\\\"/>  </strong>  <div style=\\\"padding:0px;margin:0px;position:relative;font-family:'Helvetica Neue';max-width:100%;margin-bottom:-10px;font-size:16px;box-sizing:border-box;letter-spacing:1px;line-height:0;color:rgb(60, 60, 60);padding-right:10px;padding-left:9px;text-align:center;font-weight:bold;white-space:normal;\\\">   <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;box-sizing:border-box;line-height:1.8;padding-right:10px;padding-left:9px;z-index:10000;background:rgb(255, 255, 255);\\\">    阿斯麦 EUV 独步全球，   </p>   <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;box-sizing:border-box;line-height:1.8;padding-right:10px;padding-left:9px;z-index:10000;background:rgb(255, 255, 255);\\\">    是近期核心<a href=\\\"http://www.moore.ren/job/list-new/22/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">驱动</a>   </p>   <img src=\\\":/71b7224f383c4c77b2d3465e236f6a96\\\" type=\\\"image/jpeg\\\" data-filename=\\\"eea2fa7a4a4cb52e596a029b11f5c029.jpg\\\"/>  </div>  <div style=\\\"padding:0px;margin:0px;position:relative;font-family:'Helvetica Neue';max-width:100%;font-size:15px;box-sizing:border-box;letter-spacing:1px;line-height:1.8;color:rgb(60, 60, 60);padding-right:10px;padding-left:9px;text-align:justify;white-space:normal;\\\">   <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/>  </div> </div> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  半导体行业目前最大的瓶颈， 在于摩尔定律的实现成本越来越大，制程微缩不再伴随晶 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  体管单位成本同步下降。 在从 32/28nm 节点迈进 22/20nm 节点时， 由于光刻精度不足，需使用二次曝光等技术来实现，设备与制作成本双双提高， 晶体管的单位成本首次出现不降反升。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  业界将希望寄托在极紫外光（EUV）微影技术， 期望 EUV 设备的高精度，能帮助厂商减少光刻的工序，提高 7nm 以下的晶圆量产性。 2013 年阿斯麦 EUV 光刻设备研发成功，光源波长 22nm，技术逐步推进， 2017 年的设备已采用最小 13nmEUV 作为光源，超短波长使 7nm 以下特征尺寸曝光得以实现。 随着业界制程走向了 10nm 以下，需要更高级的 EUV光刻系统，全球只有阿斯麦的 NXE 系列能够满足需求。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/7545f61ab73c4489b21157c12715655d\\\" type=\\\"image/jpeg\\\" data-filename=\\\"3c070f9a6e7c3b2f91c714216b6e7140.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    先进制程复杂度与 EUV 设备效益   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  EUV 工艺聚集了多个领域的顶尖技术。 EUV 要具备量产性， 有几个技术瓶颈必须克服；首先在光源上。 极紫外光的波长为 13.5nm，这种光容易被包括镜头玻璃内的材料吸收，所以需要使用反射镜来代替透镜； 普通打磨镜面的反射率还不够高，必须使用布拉格反射器（Bragg refle<a href=\\\"http://www.moore.ren/job/list-new/344/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">cto</a>r，一种复式镜面设计，可以将多层的反射集中成单一反射）。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  此外，气体也会吸收 EUV 并影响折射率，所以腔体内必须采用真空系统。为了解决 EUV 的光源问题，2012年 10 月，阿斯麦斥资 19.5 亿欧元，收购其关键的光学技术提供商 Cymer，加速极紫外光（EUV）相关技术的开发。 公司 2017 年的 EUV 设备 NXE 3400B， 成功提高光源功率与精度， 实现约 13 纳米的线宽， 并且采用磁悬浮系统来加速掩模及工作台， 预期吞吐量可达每小时 125 片晶圆， 微影迭对（overlays）误差容许度在 3 纳米以内。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/887a2d7fadd546239940ac377937263e\\\" type=\\\"image/jpeg\\\" data-filename=\\\"9283e8a524db7a6ead65d35a734b4f7b.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    EUV 光刻与反射式镜头示意图   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  在以往 DUV 时期， 需要以多重光罩才能实现的 7nm 制程， 新型 EUV 系统可望只要单一光罩步骤就可完成；但在 5nm 或以下的制程，还会面临多次图形曝光的问题， 仍需要提高下一代 EUV 设备在光源以外的能力。 为此，公司在 2016 年以 11 亿美元收购光学大厂蔡司（CarlZeiss）的 24.9%股份， 并承诺 8.4 亿美元的研发投入， 联手研发数值孔径（numericalaperture， NA）高于 0.5 的镜头。第二代 EUV 微影预计要到 2024 年后量产， 届时计划实现约 8 纳米的线宽，每小时处理 185 片晶圆， 迭对误差容许度小于 2 纳米。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  阿斯麦此次大手笔投资蔡司进行共同开发，显示阿斯麦对于下一代 EUV 设备的必胜决心。巨头导入 EUV 的进程不一， 设备需求能延续 3 年以上。 全球半导体产业在进入 7nm 制程世代之后，可望是台积电、三星电子、 格罗方德三强对决局面。 2012 年，三星和台积电分别向阿斯麦注资 5 亿和 15 亿欧元， 以加强与公司的战略合作； </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  根据调研机构 Anandtech所汇集的各家路线图，台积电是最快到达 7nm 工艺制程的厂商。台积电对外宣布， 针对高速运算市场，量身打造人工智能与数据分析专用的平台，预估 2018 年 H1 就具备 7nm 量产能力； 紧接着在 2019 年的第二代 7nm，导入阿斯麦的 EUV 设备，并有望同年试产 5nm 制程产品。 其他厂家方面， 三星则决定在 2018 年第一代的 7nm 就直接让 EUV 技术上线； 格罗方德则承袭 IBM 技术自行研发 7 纳米，同样预计 2018 年下半年量产， 但第一代是使用DUV，而导入 EUV 需要到 2019 年。 Intel 则因成本考虑， 要到 2021 年才开始用 7nm 工艺接替 10nm 制程。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/0b9ccc030c4b43dfab884a708fed55fa\\\" type=\\\"image/jpeg\\\" data-filename=\\\"20d90d2db02bf5f6f45c8025c5d086c9.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    主要晶圆厂商的先进制程路线   </em>  </span> </p> <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;\\\">  <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;box-sizing:border-box;\\\">   <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;box-sizing:border-box;\\\"/>  </strong>  <div style=\\\"padding:0px;margin:0px;position:relative;font-family:'Helvetica Neue';max-width:100%;margin-bottom:-10px;font-size:16px;box-sizing:border-box;letter-spacing:1px;line-height:0;color:rgb(60, 60, 60);padding-right:10px;padding-left:9px;text-align:center;font-weight:bold;white-space:normal;\\\">   <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;box-sizing:border-box;line-height:1.8;padding-right:10px;padding-left:9px;z-index:10000;background:rgb(255, 255, 255);\\\">    专注光刻扩大技术优势，   </p>   <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;box-sizing:border-box;line-height:1.8;padding-right:10px;padding-left:9px;z-index:10000;background:rgb(255, 255, 255);\\\">    塑造刚性客户需求   </p>   <img src=\\\":/eee08fc3a42b4d92b1a215a355e14297\\\" type=\\\"image/jpeg\\\" data-filename=\\\"eea2fa7a4a4cb52e596a029b11f5c029.jpg\\\"/>  </div>  <div style=\\\"padding:0px;margin:0px;position:relative;font-family:'Helvetica Neue';max-width:100%;font-size:15px;box-sizing:border-box;letter-spacing:1px;line-height:1.8;color:rgb(60, 60, 60);padding-right:10px;padding-left:9px;text-align:justify;white-space:normal;\\\">   <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/>  </div> </div> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  公司技术优势明显，保持行业领先。公司在 2013 年首次推出极紫外光设备 NXE 3300B， </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  但是精度与效率不具备 10nm 以下制程的生产效益；直到 2016 年后的 3400B，光学与机电系统的技术有所突破，极紫外光源的波长缩短至 13nm，每小时处理晶圆 125 片，或每天可1500 片；连续 4 周的平均生产<a href=\\\"http://www.moore.ren/job/list-new/83/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">良率</a>可达 80%，兼具高生产率与高精度。随着芯片尺寸不断缩小， EUV 设备未形成行业刚需，目前全球一线的逻辑晶圆与存储晶圆厂商，均<a href=\\\"http://www.moore.ren/job/list-new/187/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/189/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">采购</a>阿斯麦 TWINSCAN 机型，其中英特尔、三星、台积电三大巨头，纷纷入股阿斯麦，以谋求其高端光刻设备共同开发与优先<a href=\\\"http://www.moore.ren/job/list-new/187/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\"></a><a href=\\\"http://www.moore.ren/job/list-new/189/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">采购</a>权。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/28a238237b23478aacf9f18e92d0199a\\\" type=\\\"image/jpeg\\\" data-filename=\\\"fc7b9cd21f00d3324d3c079718aefcd4.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    EUV 光刻机 NXE3400B 的构造示意图   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  由于公司的浸没式 EUV 光刻设备，能帮助客户实行量产 7nm 和 5nm 的晶圆制程，并达到 2.5 纳米的迭对精度， 未来出货量可观。 2017 年上半年，公司售出 2 台 EUV 设备， Q3单季度倍增到 4 台； 预计 Q4 还有 6 台交付，带来 3 亿欧元单季收入，计划 2018 与 19 年均可出售超过 20 台。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/e5212c53f1644316a19a2ccd4f1ac49d\\\" type=\\\"image/jpeg\\\" data-filename=\\\"ef51bc43af21f6167bbe058b8ed6b367.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    阿斯麦 EUV 光刻设备 TWINSCAN NXE 系列   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;\\\">  整体而言， 公司在 2017Q3 单季营收 18 亿欧元，前三大<a href=\\\"http://www.moore.ren/job/list-new/111/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">产品线</a>为 ArF（63%）， EUV（21%）， KrF（10%）。 3D NAND 客户对于 KrF 干式光刻系统的需求持续升高，目前相关设备的未出货订单已累积超过 20 台，显示出公司由中端到高端的产品均居市场领导地位。 </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;text-align:center;\\\">  <img src=\\\":/b3e9dac6d1444662abea61cbfdf9e53e\\\" type=\\\"image/jpeg\\\" data-filename=\\\"5f74293c8cb323e7fe3a9cb5a2b90e09.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:1px;line-height:1.75em;text-align:center;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    2016 年 EUV 设备生产效率和<a href=\\\"http://www.moore.ren/job/list-new/83/?pvfrom=moorenews\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">良率</a>   </em>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;white-space:normal;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-bottom:15px;margin-left:0em;letter-spacing:0px;white-space:normal;line-height:25.6px;\\\">  <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;\\\">   今天是《半导体行业观察》为您分享的第1452期内容，欢迎关注。  </strong> </p> <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;white-space:normal;line-height:25.6px;letter-spacing:0.5px;\\\">  <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;\\\">   <div style=\\\"padding:0px;margin:10px 0em;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;letter-spacing:0px;\\\">    <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;width:556px;letter-spacing:0px;\\\">     <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;padding-right:3px;line-height:1;float:left;letter-spacing:0px;\\\">      <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;\\\">       <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;\\\">        <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;font-size:48px;letter-spacing:0px;\\\">         <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;\\\">          <em style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">           R          </em>         </p>        </div>       </div>      </div>     </div>     <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;clear:right;letter-spacing:0px;min-height:4.5em !important;\\\">      <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;\\\">       <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;\\\">        <div style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;\\\">         <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;clear:none;letter-spacing:0px;\\\">          eading         </p>         <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;clear:none;letter-spacing:0px;\\\">          推荐阅读（点击文章标题，直接阅读）         </p>         <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;\\\">          <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;\\\">           ★          </span>          <a href=\\\"http://mp.weixin.qq.com/s?__biz=MzU3OTA0MjQ3Mg==&amp;mid=2247501884&amp;idx=1&amp;sn=3b607867d404f9024efc18b304cb0438&amp;chksm=fd6ea5fbca192cedbacc82a51f56c842e46c62ddbd8138c7c1666a01a8cd91f5d4ef56c46f72&amp;scene=21#wechat_redirect\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">           <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;text-decoration:underline;\\\">            国产大硅片再添强援，能联手打破垄断吗？           </span>          </a>         </p>         <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;\\\">          <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;\\\">           ★          </span>          <a href=\\\"http://mp.weixin.qq.com/s?__biz=MzU3OTA0MjQ3Mg==&amp;mid=2247501832&amp;idx=3&amp;sn=9d13d3174305243e1c57f165cdd74c0f&amp;chksm=fd6ea5cfca192cd99a0e9a5570f87d04f961880c6b375dd56e1d20ac1ae287288934bfbc1488&amp;scene=21#wechat_redirect\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">           <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;text-decoration:underline;\\\">            中国花几亿制造一根内存，究竟为什么？           </span>          </a>         </p>         <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;\\\">          <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;\\\">           ★          </span>          <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;text-decoration:underline;\\\">           <a href=\\\"http://mp.weixin.qq.com/s?__biz=MzU3OTA0MjQ3Mg==&amp;mid=2247501806&amp;idx=1&amp;sn=338f3c639cf6f1176bdc6eca0460c3db&amp;chksm=fd6eaa29ca19233feed6adf068d8e100147421a08bf2233edfa2c0ab0efa8659c2915ac489bb&amp;scene=21#wechat_redirect\\\" shape=\\\"rect\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;text-decoration:underline;-webkit-tap-highlight-color:transparent;-webkit-appearance:none;box-shadow:transparent 0px 0px;color:rgb(94, 147, 214);\\\" target=\\\"_blank\\\">            国内晶圆厂越建越多，真不担心过热么？           </a>          </span>         </p>        </div>       </div>      </div>     </div>    </div>   </div>  </div> </div> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;white-space:normal;\\\">  <img src=\\\":/4289bd7dee464f78ba05f217469dc777\\\" type=\\\"image/jpeg\\\" data-filename=\\\"5f1b87d28a8796554a59192a156a8491.jpg\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;white-space:normal;\\\">  <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\"/> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;white-space:normal;line-height:25.6px;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   关注微信公众号   <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    半导体行业观察   </strong>   ，后台回复关键词获取更多内容  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;white-space:normal;line-height:25.6px;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   回复   <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(255, 169, 0);\\\">    <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">     科普    </strong>   </span>   ，看更多半导体行业科普类的文章  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;white-space:normal;line-height:25.6px;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   回复   <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(255, 169, 0);\\\">    <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">     DRAM    </strong>   </span>   ，看更多DRAM的文章  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;white-space:normal;line-height:25.6px;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;font-size:14px;\\\">   <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;\\\">    回复   </span>   <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(255, 169, 0);\\\">    <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">     <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;\\\">      60年     </span>    </strong>   </span>   <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;\\\">    ，看《致中国半导体工作者的风雨60年》   </span>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;white-space:normal;line-height:25.6px;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;font-size:14px;\\\">   回复   <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(255, 169, 0);line-height:25.6px;\\\">    <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">     英特尔    </strong>   </span>   ，看更多与英特尔公司相关的文章  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;white-space:normal;line-height:25.6px;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;font-size:14px;\\\">   回复   <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(255, 169, 0);line-height:25.6px;\\\">    <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">     全面屏    </strong>   </span>   ，看更多全面屏相关的文章  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;white-space:normal;line-height:25.6px;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;font-size:14px;\\\">   回复   <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(255, 169, 0);line-height:25.6px;\\\">    <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">     挣钱    </strong>   </span>   ，看《为什么你的芯片不挣钱？》  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;white-space:normal;line-height:25.6px;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;font-size:14px;\\\">   回复   <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(255, 169, 0);line-height:25.6px;\\\">    <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">     FPGA    </strong>   </span>   ，看更多与FPGA相关的文章  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;white-space:normal;line-height:25.6px;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;font-size:14px;\\\">   回复   <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(255, 169, 0);line-height:25.6px;\\\">    <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">     功率    </strong>   </span>   ，看更多与功率半导体相关的文章  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;white-space:normal;line-height:25.6px;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;font-size:14px;\\\">   回复  </span>  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(120, 172, 254);line-height:25.6px;font-size:15px;\\\">   <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">    展会   </strong>  </span>  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;font-size:14px;\\\">   ，看《2017最新半导体展会会议日历》  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;white-space:normal;line-height:25.6px;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;font-size:15px;\\\">   <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;\\\">    回复   </span>   <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(120, 172, 254);line-height:25.6px;\\\">    <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">     投稿    </strong>   </span>   <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;\\\">    ，看《如何成为“半导体行业观察”的一员 》   </span>  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;white-space:normal;line-height:25.6px;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;font-size:15px;\\\">   回复   <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;color:rgb(120, 172, 254);line-height:25.6px;\\\">    <strong style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;\\\">     搜索    </strong>   </span>   ，还能轻松找到其他你感兴趣的文章！  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;white-space:normal;line-height:25.6px;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;font-size:15px;\\\">  </span> </p> <p style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;max-width:100%;margin-right:0em;margin-left:0em;letter-spacing:0px;white-space:normal;line-height:25.6px;\\\">  <span style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei SC&quot;, Arial, sans-serif;line-height:25.6px;font-size:15px;\\\">   <br clear=\\\"none\\\" style=\\\"padding:0px;margin:0px;position:relative;font-family:&quot;Helvetica Neue&quot;, Helvetica, &quot;Hiragino Sans GB&quot;, PingHei, &quot;PingFang SC&quot;, STHeitiSC-Light, &quot;Microsoft YaHei&quot;, &quot;Lantinghei 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updated_time: 2025-11-28T21:04:07.778Z
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