Shanghai Securities: Mainland China firmly ranks as the world's largest semiconductor equipment market, Micro LED ushering in new growth opportunities

Zhitong Finance APP learned that Shanghai Securities released a research report stating that the SEMI report showed that global semiconductor equipment shipments reached US$33.07 billion in 25Q2, a year-on-year increase of 24%. Mainland China sales reached 1US$1.36 billion, down 2% year-on-year and up 11% month-on-month, ranking the world's largest semiconductor equipment market with a share of approximately 34.4%. The launch of iconic products will gradually boost the Micro LED chip market output value, which is expected to increase to US$461 million in 2029. Micro LED is gradually being commercialized in various fields, from TVs, smart watches to automotive displays. The launch of each indicator product symbolizes a technological breakthrough. The bank believes that electronic semiconductors may be undergoing a full recovery in 2025, the industrial competition landscape is expected to accelerate the clearing and repair, and the industry profit cycle and related company profits are expected to continue to recover. Maintain the "overweight" rating for the electronics industry.

25Q2 global semiconductor equipment shipments increased by 24% year-on-year, with ChinaMainland China ranks first in the market.

On September 8, according to the latest "Global Semiconductor Equipment Market Report" released by the International Semiconductor Institute (SEMI), global semiconductor equipment shipments in 25Q2 reached US$33.07 billion, a year-on-year increase of 24%. Driven by advanced logic processes, HBM-related DRAM applications, and increased shipments in Asia, sales in 25Q2A month-on-month increase of 3%. Judging from the sales of semiconductor equipment in each region in 25Q2, sales in mainland China reached US$11.36 billion, down 2% year-on-year and up 11% month-on-month, ranking the world's largest semiconductor equipment market with a share of approximately 34.4%. Ajit Manocha, president and CEO of SEMI, said: "The global semiconductor equipment market is a record $117 billion in sales in 2024, following a strong performance in the first half of 2025, with revenue exceeding $65 billion. Chipmakers continue to invest in capacity to support advanced logic and storage innovation driving the artificial intelligence wave, as well as key projects that strengthen regional supply chain resilience."

Benefiting from the launch of iconic products, the Micro LED market output value is expected to increase rapidly.

September 9, according to TrenAccording to dForce, the penetration rate of Micro LED in consumer electronics products is accelerating. Following the launch of Samsung’s 140-inch Micro LED TV in 2023, the Garmin Fenix8Pro smart watch will also introduce related technologies in 2025. In addition, the Sony Honda Afeela 30-inch automotive display is expected to be released by the end of the same year, marking the beginning of Micro LED’s coverage in various major fields. TrendForce said that the launch of these iconic products will gradually boost the Micro LED chip market output, which is expected to increase to US$461 million in 2029. Micro LED is gradually being commercialized in various fields, from TVs, smart watches to automotive displays. The launch of each indicator product symbolizes a technological breakthrough. With the advantages of high brightness and high contrast, MicroLED has been adopted by some new smart glasses brands. In the future, with the participation of major international manufacturers and the promotion of Micro LED light source suppliers, this technology will gradually emerge in near-eye display devices, helping to increase the overall output value of the industry. TrendForce also pointed out that the market’s response to Micr at this stageo The acceptance of LED’s high power consumption and high unit price is still a big challenge, which also makes it difficult to compete with OLED, which has more mature technology and cost advantages, in the short term. However, MicroLED can meet the extreme demand for screen brightness for sports watches in outdoor environments, and also has the potential to highly integrate sensing components, paving the way for future product innovation and differentiation.