{"id":759,"date":"2025-07-11T00:38:00","date_gmt":"2025-07-10T16:38:00","guid":{"rendered":"http:\/\/www.applicationsofllm.com\/?p=759"},"modified":"2025-09-17T00:42:17","modified_gmt":"2025-09-16T16:42:17","slug":"%e5%8d%8a%e5%af%bc%e4%bd%93%e5%85%88%e8%bf%9b%e5%b0%81%e8%a3%85%e8%a1%8c%e4%b8%9a%e5%a2%9e%e9%95%bf%e6%8b%90%e7%82%b9%e4%b8%8e-besi-%e6%a0%b8%e5%bf%83%e5%b8%83%e5%b1%80%e8%a7%a3%e6%9e%90","status":"publish","type":"post","link":"http:\/\/www.applicationsofllm.com\/index.php\/2025\/07\/11\/%e5%8d%8a%e5%af%bc%e4%bd%93%e5%85%88%e8%bf%9b%e5%b0%81%e8%a3%85%e8%a1%8c%e4%b8%9a%e5%a2%9e%e9%95%bf%e6%8b%90%e7%82%b9%e4%b8%8e-besi-%e6%a0%b8%e5%bf%83%e5%b8%83%e5%b1%80%e8%a7%a3%e6%9e%90\/","title":{"rendered":"\u534a\u5bfc\u4f53\u5148\u8fdb\u5c01\u88c5\u884c\u4e1a\u589e\u957f\u62d0\u70b9\u4e0e Besi \u6838\u5fc3\u5e03\u5c40\u89e3\u6790"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u5f15\u8a00<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u57282025\u5e746\u670812\u65e5\u7684\u6295\u8d44\u8005\u65e5\u6f14\u793a\u4e2d\uff0c<strong>Besi<\/strong><strong>\u56e2\u961f\u5168\u9762\u9610\u8ff0\u4e86\u516c\u53f8\u5982\u4f55\u901a\u8fc7\u6280\u672f\u521b\u65b0\u548c\u6218\u7565\u805a\u7126\uff0c\u5f15\u9886\u4eba\u5de5\u667a\u80fd\uff08<\/strong><strong>AI<\/strong><strong>\uff09\u9a71\u52a8\u7684\u5148\u8fdb\u5c01\u88c5\u9769\u547d<\/strong>\u3002\u968f\u7740\u751f\u6210\u5f0fAI\u7684\u52a0\u901f\u53d1\u5c55\u548c\u8d85\u5927\u89c4\u6a21\u6570\u636e\u4e2d\u5fc3\u6301\u7eed\u6295\u5165\u8d44\u672c\u652f\u51fa\uff0c<strong>\u5148\u8fdb\u5c01\u88c5\u6280\u672f\u5df2\u6210\u4e3a\u5b9e\u73b0\u9ad8\u6027\u80fd\u3001\u80fd\u6548\u8ba1\u7b97\u7684\u6838\u5fc3\u9a71\u52a8\u529b<\/strong>\uff0c\u8986\u76d6\u4ece\u6570\u636e\u4e2d\u5fc3\u5230\u8fb9\u7f18\u8bbe\u5907\u7684\u5e7f\u6cdb\u573a\u666f\u3002Besi\u4f5c\u4e3a\u884c\u4e1a\u9886\u5bfc\u8005\uff0c\u5176<strong>\u7ea6<\/strong><strong>70%<\/strong><strong>\u7684\u8bbe\u5907\u6536\u5165\u6e90\u81ea\u5148\u8fdb\u5c01\u88c5\u9886\u57df<\/strong>\uff0c\u5c24\u5176\u662f<strong>\u7cbe\u5ea6\u4f4e\u4e8e<\/strong><strong>7<\/strong><strong>\u5fae\u7c73\u7684\u82af\u7247\u8d34\u88c5\u89e3\u51b3\u65b9\u6848<\/strong>\uff0c\u8fd9\u4e3a\u516c\u53f8\u5728\u65b0\u5174\u7684AI\u82af\u7247\u5e02\u573a\u4e2d\u5960\u5b9a\u4e86\u575a\u5b9e\u57fa\u7840\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5168\u7403\u534a\u5bfc\u4f53\u884c\u4e1a\u6b63\u8fce\u6765\u4e00\u573a\u6df1\u523b\u7684\u53d8\u9769\uff1a<strong>\u6469\u5c14\u5b9a\u5f8b\u7684\u653e\u7f13\u63a8\u52a8\u5c0f\u7247\uff08<\/strong><strong>Chiplet<\/strong><strong>\uff09\u548c<\/strong><strong>3D<\/strong><strong>\u96c6\u6210\u7535\u8def\uff08<\/strong><strong>3DIC<\/strong><strong>\uff09\u6280\u672f\u7684\u5feb\u901f\u666e\u53ca<\/strong>\uff0c<strong>\u6df7\u5408\u952e\u5408\uff08<\/strong><strong>Hybrid Bonding<\/strong><strong>\uff09\u548c\u4e0b\u4e00\u4ee3\u70ed\u538b\u952e\u5408\uff08<\/strong><strong>TCB Next<\/strong><strong>\uff09\u6280\u672f\u56e0\u80fd\u663e\u8457\u63d0\u5347\u4e92\u8054\u5bc6\u5ea6\u548c\u80fd\u6548\u8868\u73b0\u800c\u6210\u4e3a\u5173\u952e\u589e\u957f\u70b9\u3002<\/strong><strong>Besi<\/strong><strong>\u9884\u8ba1\uff0c\u5230<\/strong><strong>2030<\/strong><strong>\u5e74\uff0c\u6df7\u5408\u952e\u5408\u5e02\u573a\u89c4\u6a21\u5c06\u8fbe\u7ea6<\/strong><strong>350<\/strong><strong>\u53f0\u8bbe\u5907\uff08\u4e2d\u4f4d\u60c5\u666f\uff09\uff0c\u800c<\/strong><strong>TCB Next<\/strong><strong>\u6280\u672f\u5c06\u89e3\u9501\u65b0\u7684\u5e94\u7528\u6f5c\u529b<\/strong>\uff0c\u5c24\u5176\u662f\u5728\u9ad8\u5e26\u5bbd\u5185\u5b58\uff08HBM\uff09\u548c\u5149\u5b50\u5b66\u9886\u57df\u3002\u8fd9\u4e9b\u8d8b\u52bf\u6b63\u9a71\u52a8\u5168\u7403\u7ea6<strong>1000<\/strong><strong>\u4ebf\u7f8e\u5143\u7684\u6295\u8d44\u6d8c\u5165\u5148\u8fdb\u5c01\u88c5\u5de5\u5382\u5efa\u8bbe<\/strong>\uff0c\u5305\u62ec\u53f0\u79ef\u7535\u3001\u4e09\u661f\u3001\u82f1\u7279\u5c14\u548cSK\u6d77\u529b\u58eb\u7b49\u5de8\u5934\u7684\u91cd\u70b9\u9879\u76ee\uff0c\u4e3aBesi\u63d0\u4f9b\u4e86\u5e7f\u9614\u7684\u6269\u5f20\u7a7a\u95f4\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4ee5\u4e0b\u662f\u5bf9\u62a5\u544a\u5185\u5bb9\u7684\u68b3\u7406\u603b\u7ed3\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e00\u3001\u884c\u4e1a\u80cc\u666f\u4e0e Besi \u6838\u5fc3\u673a\u4f1a<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1\u3001\u534a\u5bfc\u4f53\u5148\u8fdb\u5c01\u88c5\u884c\u4e1a\u589e\u957f\u62d0\u70b9\u663e\u73b0<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">1.1&nbsp;<strong>\u4eba\u5de5\u667a\u80fd\uff08<\/strong><strong>AI<\/strong><strong>\uff09\u7684\u6269\u5f20\u6301\u7eed\u63a8\u52a8\u5148\u8fdb\u5c01\u88c5\u6280\u672f\u7684\u91c7\u7528<\/strong>\uff0c\u751f\u6210\u5f0f AI \u52a0\u901f\u53d1\u5c55\uff0c\u8d85\u5927\u89c4\u6a21\u4f01\u4e1a\u7ef4\u6301\u9ad8\u989d\u8d44\u672c\u652f\u51fa\uff0c\u4ece\u4e91\u7aef\u5230\u8fb9\u7f18\u8ba1\u7b97\u7684\u65b0\u5e94\u7528\u573a\u666f\u4e0d\u65ad\u6d8c\u73b0\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1.2&nbsp;<strong>2026-2030 <\/strong><strong>\u5e74\uff0c\u903b\u8f91\u3001\u5b58\u50a8\u3001\u6d88\u8d39\u7535\u5b50\u53ca<\/strong><strong> I\/O <\/strong><strong>\u9886\u57df\u7684\u5148\u8fdb\u5c01\u88c5\u521b\u65b0\u5c06\u52a0\u901f<\/strong>\uff0c\u5148\u8fdb\u5c01\u88c5\u662f\u5b9e\u73b0 AI \u6f5c\u529b\u7684\u5173\u952e\u5dee\u5f02\u5316\u56e0\u7d20\u4e4b\u4e00\uff0c\u53ef\u52a9\u529b\u6570\u636e\u4e2d\u5fc3\u5b9e\u73b0\u9ad8\u80fd\u6548\u6027\u80fd\u53ca\u65b0\u578b\u6d88\u8d39\u7ea7\u8fb9\u7f18 AI \u8bbe\u5907\u53d1\u5c55\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1.3&nbsp;<strong>\u7ec4\u88c5\u73af\u8282\u5904\u4e8e\u91cd\u5927\u589e\u957f\u62d0\u70b9<\/strong>\uff0cAI \u7684\u53d1\u5c55\u9700\u8981\u65b0\u578b 2.5D\/3D \u7ec4\u88c5\u89e3\u51b3\u65b9\u6848\u4ee5\u5ef6\u7eed\u6469\u5c14\u5b9a\u5f8b\uff0c\u9886\u5148\u903b\u8f91\u5382\u5546\u5df2\u8fdb\u5165 3D \u6df7\u5408\u952e\u5408\u8bbe\u5907\u7684\u65e9\u671f\u5546\u7528\u751f\u4ea7\u9636\u6bb5\uff0c\u7528\u4e8e\u6570\u636e\u4e2d\u5fc3 CPU \u548c GPU\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2\u3001Besi \u7684\u5e02\u573a\u5b9a\u4f4d\u4e0e\u6838\u5fc3\u4f18\u52bf<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2.1&nbsp;<strong>\u4e1a\u52a1\u7ed3\u6784\u805a\u7126\u9ad8\u589e\u957f\u9886\u57df<\/strong>\uff0c\u7ea6&nbsp;<strong>70% <\/strong><strong>\u7684\u8bbe\u5907\u6536\u5165\u6765\u81ea\u5148\u8fdb\u5c01\u88c5<\/strong>\uff0c\u7ea6&nbsp;<strong>50% <\/strong><strong>\u7684\u8bbe\u5907\u6536\u5165\u6765\u81ea\u5148\u8fdb\u82af\u7247\u8d34\u88c5\uff08\u5b9a\u4e49\u4e3a\u7cbe\u5ea6<\/strong><strong> &lt; 7 <\/strong><strong>\u5fae\u7c73\uff09<\/strong>\uff0c\u4e14\u7ea6&nbsp;<strong>50% <\/strong><strong>\u7684\u6536\u5165\u4e0e<\/strong><strong> AI <\/strong><strong>\u76f8\u5173<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2.2&nbsp;<strong>\u5e02\u573a\u4efd\u989d\u9886\u5148<\/strong>\uff0c2024 \u5e74\u5728\u82af\u7247\u8d34\u88c5\uff08Die Attach\uff0c\u4e0d\u542b TCB\u3001\u5f15\u7ebf\u952e\u5408\u7b49\uff09\u5e02\u573a\u5360\u636e&nbsp;<strong>40% <\/strong><strong>\u4efd\u989d<\/strong>\uff0c\u5728\u5148\u8fdb\u82af\u7247\u8d34\u88c5\uff08\u7cbe\u5ea6 &lt; 7 \u5fae\u7c73\uff09\u5e02\u573a\u5360\u636e&nbsp;<strong>78% <\/strong><strong>\u4efd\u989d<\/strong>\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><br><br><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e8c\u3001\u5168\u7403\u5148\u8fdb\u5c01\u88c5\u5e02\u573a\u8d8b\u52bf\u4e0e\u589e\u957f\u52a8\u529b<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1\u3001\u5e02\u573a\u89c4\u6a21\u4e0e\u589e\u957f\u9884\u6d4b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">1.1&nbsp;<strong>2.5D\/3D <\/strong><strong>\u5c01\u88c5\u4e3a\u589e\u957f\u6700\u5feb\u7684\u7ec6\u5206\u9886\u57df<\/strong>\uff0c2024-2028 \u5e74\u590d\u5408\u5e74\u589e\u957f\u7387\uff08CAGR\uff09\u8fbe&nbsp;<strong>18.9%<\/strong>\uff0c\u5176\u4ed6\u5148\u8fdb\u5c01\u88c5\u9886\u57df\u540c\u671f CAGR \u4e3a&nbsp;<strong>7.8%<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1.2&nbsp;<strong>\u82af\u7247\u7ea7\uff08<\/strong><strong>Chiplet<\/strong><strong>\uff09\u5e94\u7528\u9884\u8ba1\u5feb\u901f\u589e\u957f<\/strong>\uff0c2024-2033 \u5e74 CAGR \u8fbe&nbsp;<strong>48.1%<\/strong>\uff0c\u6210\u4e3a\u5f02\u6784\u96c6\u6210\u7684\u6838\u5fc3\u65b9\u6848\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1.3&nbsp;<strong>\u6df7\u5408\u952e\u5408\uff08<\/strong><strong>Hybrid Bonding<\/strong><strong>\uff09\u4e0e\u65e0<\/strong><strong> flux <\/strong><strong>\u70ed\u538b\u952e\u5408\uff08<\/strong><strong>TCB Fluxless<\/strong><strong>\uff09\u4e3a\u6838\u5fc3\u589e\u957f\u70b9<\/strong>\uff0c2030 \u5e74\u6df7\u5408\u952e\u5408\u5e02\u573a\u89c4\u6a21\u9884\u8ba1\u4e3a&nbsp;<strong>16.5 <\/strong><strong>\u4ebf\u6b27\u5143<\/strong>\uff0c\u65e0 flux TCB \u5e02\u573a\u89c4\u6a21\u9884\u8ba1\u4e3a&nbsp;<strong>4.5 <\/strong><strong>\u4ebf\u6b27\u5143<\/strong>\uff1b\u5176\u4e2d\u6df7\u5408\u952e\u5408\u9884\u8ba1\u6210\u4e3a 2030 \u5e74\u6700\u5927\u7684\u7ec4\u88c5\u7ec6\u5206\u9886\u57df\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2\u3001\u5168\u7403\u5148\u8fdb\u5c01\u88c5\u5de5\u5382\u6295\u8d44\u5e03\u5c40<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>2.1<\/strong>&nbsp;\u5168\u7403\u8303\u56f4\u5185\u5148\u8fdb\u5c01\u88c5\u5de5\u5382\u76f8\u5173\u6295\u8d44\u7ea6&nbsp;<strong>1000 <\/strong><strong>\u4ebf\u7f8e\u5143<\/strong>\u6b63\u5728\u63a8\u8fdb\u6216\u8ba1\u5212\u4e2d\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>2.2 <\/strong><strong>\u91cd\u70b9\u9879\u76ee\u5305\u62ec<\/strong>\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td><strong><\/strong><strong>\u516c\u53f8<\/strong><strong><\/strong><\/td><td><strong><\/strong><strong>\u5de5\u5382<\/strong><strong><\/strong><\/td><td><strong><\/strong><strong>\u542f\u52a8\u65f6\u95f4<\/strong><strong><\/strong><\/td><td><strong><\/strong><strong>\u6295\u8d44\u989d<\/strong><strong><\/strong><\/td><td><strong><\/strong><strong>\u72b6\u6001<\/strong><strong><\/strong><\/td><\/tr><\/thead><tbody><tr><td>TSMC<\/td><td>\u53f0\u6e7e AP7 CoWoS &amp; SoIC<\/td><td>2024<\/td><td>150 \u4ebf\u7f8e\u5143<\/td><td>\u5efa\u8bbe\u4e2d<\/td><\/tr><tr><td>TSMC<\/td><td>\u7f8e\u56fd\u4e9a\u5229\u6851\u90a3 AP<\/td><td>2025<\/td><td>\u7ea6 100 \u4ebf\u7f8e\u5143<\/td><td>\u89c4\u5212\u4e2d<\/td><\/tr><tr><td>Intel<\/td><td>\u9a6c\u6765\u897f\u4e9a\u69df\u57ce<\/td><td>2022<\/td><td>71 \u4ebf\u7f8e\u5143<\/td><td>\u6682\u505c\u4e2d<\/td><\/tr><tr><td>Intel<\/td><td>\u6ce2\u5170\u5f17\u7f57\u8328\u74e6\u592b\u897f\u90e8<\/td><td>2023<\/td><td>46 \u4ebf\u7f8e\u5143<\/td><td>\u6682\u505c\u4e2d<\/td><\/tr><tr><td>SK Hynix<\/td><td>\u7f8e\u56fd\u5370\u7b2c\u5b89\u7eb3\u5dde HBM<\/td><td>2024<\/td><td>39 \u4ebf\u7f8e\u5143<\/td><td>\u89c4\u5212\u4e2d<\/td><\/tr><tr><td>SK Hynix<\/td><td>\u97e9\u56fd M15 \u6269\u5efa<\/td><td>2024<\/td><td>10 \u4ebf\u7f8e\u5143<\/td><td>\u5efa\u8bbe\u4e2d<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>2.3&nbsp;<\/strong>\u5176\u4ed6\u4e3b\u8981\u9879\u76ee\u6db5\u76d6\u4e09\u661f\u3001\u7f8e\u5149\u3001\u65e5\u6708\u5149\uff08SPIL\uff09\u3001\u901a\u5bcc\u5fae\u7535\uff08TFME\uff09\u7b49\u4f01\u4e1a\u5728\u4e9a\u6d32\u3001\u5317\u7f8e\u3001\u6b27\u6d32\u7684\u5e03\u5c40\uff0c\u6d89\u53ca CoWoS\u3001SoIC\u3001HBM \u7b49\u5148\u8fdb\u5c01\u88c5\u6280\u672f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3\u3001\u4e0b\u6e38\u5e94\u7528\u9a71\u52a8<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">3.1&nbsp;<strong>\u6570\u636e\u4e2d\u5fc3<\/strong><strong> AI <\/strong><strong>\u82af\u7247<\/strong>\uff1aAMD \u7684 MI325 GPU \u91c7\u7528 CoWoS-S\uff08\u6df7\u5408\u952e\u5408\uff09\u3001Zen5 EPYC CPU \u91c7\u7528 SoIC\uff08\u6df7\u5408\u952e\u5408\uff09\uff1bNVIDIA \u7684 B100\uff08Blackwell\uff09GPU \u91c7\u7528 CoWoS-L \u5c01\u88c5\u3001Spectrum X \u7f51\u7edc\u4ea4\u6362\u673a\u91c7\u7528 CoWoS-S\uff08\u6df7\u5408\u952e\u5408\uff09\uff1bIntel \u7684 Clearwater Forest \u6570\u636e\u4e2d\u5fc3 CPU \u91c7\u7528 Foveros Direct\uff08\u6df7\u5408\u952e\u5408\uff09\uff0c\u5b9e\u73b0 3D \u5806\u53e0\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3.2&nbsp;<strong>\u9ad8\u7aef\u5b58\u50a8\u5668<\/strong>\uff1aHBM4\/5 \u9700\u91c7\u7528\u6df7\u5408\u952e\u5408\u4e0e TCB Next \u7b49\u6700\u5148\u8fdb\u5de5\u827a\uff0cHBM4e \u9884\u8ba1 2026 \u5e74\u63a8\u51fa\uff0c\u91c7\u7528 16 \u5c42\u5806\u53e0\uff1bHBM5 \u9884\u8ba1 2028 \u5e74\u63a8\u51fa\uff0c\u5806\u53e0\u5c42\u6570\u226520 \u5c42\uff0c\u4e92\u8fde\u95f4\u8ddd &lt; 15\u03bcm\uff0c\u4e14\u4ece HBM4 \u5f00\u59cb\uff0c\u57fa\u5e95\u82af\u7247\u5c06\u91c7\u7528\u22644nm \u5148\u8fdb\u5236\u7a0b\u903b\u8f91\u82af\u7247\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3.3&nbsp;<strong>\u6d88\u8d39\u7535\u5b50<\/strong>\uff1a\u751f\u6210\u5f0f AI \u667a\u80fd\u624b\u673a\u5e02\u573a 2024-2028 \u5e74 CAGR \u8fbe&nbsp;<strong>41.4%<\/strong>\uff0c\u9700\u91c7\u7528 2.5D \u548c 3D \u82af\u7247\u7ea7\u7ec4\u88c5\u6280\u672f\uff08\u5305\u62ec\u6df7\u5408\u952e\u5408\u3001TC Next\uff09\uff1bPC\u3001\u5e73\u677f\u7b49\u8bbe\u5907\u4e2d\uff0cAMD Ryzen\u3001\u82f9\u679c M5 \u7b49\u82af\u7247\u5c06\u91c7\u7528\u6df7\u5408\u952e\u5408\u82af\u7247\u7ea7\u4e92\u8fde\u65b9\u6848\uff0c\u6ee1\u8db3\u8fb9\u7f18 AI \u5bf9\u80fd\u6548\u4e0e\u6027\u80fd\u7684\u9700\u6c42\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><br><br><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e09\u3001\u6676\u5706\u7ea7\u7ec4\u88c5\u6280\u672f\u4e0e Besi \u4ea7\u54c1\u5e03\u5c40<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1\u3001\u6838\u5fc3\u6280\u672f\u65b9\u5411<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"> 1.1&nbsp;<strong>\u6df7\u5408\u952e\u5408\uff08<\/strong><strong>Hybrid Bonding<\/strong><strong>\uff09<\/strong>\uff1a\u4f5c\u4e3a\u9ad8\u6027\u80fd\u4e92\u8fde\u6280\u672f\uff0c\u652f\u6301 &lt;10\u03bcm \u952e\u5408\u95f4\u8ddd\uff0c\u662f\u5b9e\u73b0 3D \u82af\u7247\u8bbe\u8ba1\u4ee5\u5ef6\u7eed\u6469\u5c14\u5b9a\u5f8b\u7684\u5173\u952e\u3002\u5176\u4e92\u8fde\u5bc6\u5ea6\u3001\u901f\u5ea6\u3001\u5e26\u5bbd\u5bc6\u5ea6\u3001\u80fd\u6548\u6027\u80fd\u5206\u522b\u4e3a\u5fae\u51f8\u70b9\u70ed\u538b\u952e\u5408\uff08TCB C2W\uff09\u7684&nbsp;<strong>15 <\/strong><strong>\u500d\u3001<\/strong><strong>11.9 <\/strong><strong>\u500d\u3001<\/strong><strong>191 <\/strong><strong>\u500d\u3001<\/strong><strong>&gt;100 <\/strong><strong>\u500d<\/strong>\uff0c\u800c\u5355\u4f4d\u4e92\u8fde\u6210\u672c\u4ec5\u4e3a\u5fae\u51f8\u70b9\u7684&nbsp;<strong>1\/10<\/strong>\u3002Besi \u7684\u6df7\u5408\u952e\u5408\u7cfb\u7edf\u7cbe\u5ea6\u8fbe&nbsp;<strong>50nm<\/strong>\uff0c8800 CHAMEO UltraPlus AC \u652f\u6301&nbsp;<strong>6\u03bcm <\/strong><strong>\u952e\u5408\u95f4\u8ddd<\/strong>\uff0c2026 \u5e74\u63a8\u51fa\u7684 8800 HYBRID G2 \u5c06\u5b9e\u73b0&nbsp;<strong>50nm <\/strong><strong>\u7cbe\u5ea6<\/strong>\u4ee5\u652f\u6301\u66f4\u5c0f\u710a\u76d8\u95f4\u8ddd\uff0c\u8ba1\u5212\u5230 2030 \u5e74\u5b9e\u73b0&nbsp;<strong>1\u03bcm <\/strong><strong>\u710a\u76d8\u95f4\u8ddd\u7684\u6676\u4f53\u7ba1\u7ea7\u4e92\u8fde<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1.2&nbsp;<strong>\u4e0b\u4e00\u4ee3\u70ed\u538b\u952e\u5408\uff08<\/strong><strong>TC Next<\/strong><strong>\uff09<\/strong>\uff1a\u4f5c\u4e3a\u8854\u63a5\u4f20\u7edf\u70ed\u538b\u952e\u5408\u4e0e\u6df7\u5408\u952e\u5408\u7684\u6280\u672f\uff0c\u652f\u6301&nbsp;<strong>7-20\u03bcm <\/strong><strong>\u952e\u5408\u95f4\u8ddd<\/strong>\uff0c\u7cbe\u5ea6\u8fbe&nbsp;<strong>0.7\u03bcm<\/strong>\uff0cUPH\uff08\u6bcf\u5c0f\u65f6\u4ea7\u91cf\uff09\u9ad8\u8fbe&nbsp;<strong>2000<\/strong>\uff0c\u5177\u5907\u5fae\u60f0\u6027\u8154\u5ba4\u548c\u7b49\u79bb\u5b50\u4f53\u6c27\u5316\u8fd8\u539f\u7684\u65e0 flux \u80fd\u529b\uff0c\u53ef\u901a\u8fc7\u5b9e\u65f6\u8fc7\u7a0b\u63a7\u5236\u4f18\u5316\u710a\u70b9\u8d28\u91cf\uff0c\u9002\u7528\u4e8e\u4e2d\u9ad8\u7aef\u903b\u8f91\u4e0e\u5b58\u50a8\u5668\u7ec4\u88c5\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1.3&nbsp;<strong>2.5D\/3D <\/strong><strong>\u96c6\u6210\u65b9\u6848<\/strong>\uff1a\u652f\u6301 CoWoS-L\/R \u7ed3\u6784\u8bc4\u4f30\u3001\u5171\u5c01\u88c5\u5149\u5b66\uff08CPO\uff09\u4e0e\u6df7\u5408\u952e\u5408\u7ed3\u5408\u7b49\uff0c\u9002\u914d\u9ad8\u5806\u53e0\u5c42\u6570\uff08\u226516 \u5c42\uff09\u7684 HBM\u3001\u5149\u5b50\u5b66\u7ec4\u4ef6\u7b49\u5e94\u7528\u573a\u666f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2\u3001\u4ea7\u54c1\u7ec4\u5408\u4e0e\u8fed\u4ee3\u8ba1\u5212<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2.1&nbsp;<strong>\u6df7\u5408\u952e\u5408\u7cfb\u7edf<\/strong>\uff1a\u5305\u62ec 8800 CHAMEO UltraPlus AC\uff08\u5f53\u524d\u884c\u4e1a\u6807\u51c6\uff0c\u7cbe\u5ea6 25nm \u53ca\u4ee5\u4e0a\uff09\u30018800 HYBRID G2\uff082026 \u5e74\u63a8\u51fa\uff0c50nm \u7cbe\u5ea6\uff0c\u663e\u8457\u63d0\u5347 UPH \u4ee5\u964d\u4f4e HBM \u6210\u672c\uff0c\u8ba1\u5212\u5411 25nm \u53ca\u66f4\u9ad8\u7cbe\u5ea6\u6f14\u8fdb\uff09\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2.2&nbsp;<strong>\u70ed\u538b\u952e\u5408\u7cfb\u7edf<\/strong>\uff1a9800 TC NEXT\uff0c\u5177\u5907\u9ad8 accuracy\u3001\u9ad8\u4ea7\u80fd\u53ca\u65e0 flux \u80fd\u529b\uff0c\u652f\u6301\u4e0b\u4e00\u4ee3 AI \u8bbe\u5907\u7684 HBM \u5806\u53e0\u4e0e\u4e2d\u7aef\u903b\u8f91\u82af\u7247\u7ea7\u7ec4\u88c5\u9700\u6c42\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2.3&nbsp;<strong>\u914d\u5957\u89e3\u51b3\u65b9\u6848<\/strong>\uff1a\u5305\u62ec\u7528\u4e8e\u82af\u7247\u7ea7\u6210\u578b\u7684 xMS-NXT\u3001\u5149\u5b50\u5b66\u7ec4\u4ef6\u8d34\u88c5\u7684 2200 evo 1\u03bcm\uff082026 \u5e74\u63a8\u51fa\uff09\u3001\u4e2d\u4ecb\u5c42\u8d34\u88c5\u7684 2200 evo Advanced \u7b49\uff0c\u5f62\u6210\u590d\u6742 AI \u82af\u7247\u7ea7\u5c01\u88c5\u7684\u5b8c\u6574\u89e3\u51b3\u65b9\u6848\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3\u3001\u5e02\u573a\u6f5c\u529b\u4e0e\u5e94\u7528\u573a\u666f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>3.1&nbsp;<\/strong><strong>\u903b\u8f91\u82af\u7247<\/strong>\uff1a2025-2030 \u5e74\u6df7\u5408\u952e\u5408\u8bbe\u5907\u7d2f\u8ba1\u9700\u6c42\u9884\u8ba1&nbsp;<strong>960-2000 <\/strong><strong>\u53f0<\/strong>\uff0cAMD\u3001Intel\u3001Broadcom \u7b49\u4f01\u4e1a\u5df2\u5728\u6570\u636e\u4e2d\u5fc3 CPU\u3001GPU \u53ca\u5b9a\u5236 AI ASIC \u4e2d\u91c7\u7528\u6df7\u5408\u952e\u5408\uff0c\u5982 Intel Clearwater Forest CPU \u901a\u8fc7\u6df7\u5408\u952e\u5408\u5b9e\u73b0 3D \u5806\u53e0\uff0c\u603b\u6676\u4f53\u7ba1\u6570\u8fbe&nbsp;<strong>3000 <\/strong><strong>\u4ebf<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>3.2&nbsp;<\/strong><strong>\u5b58\u50a8\u5668<\/strong>\uff1aHBM4\/5 \u63a8\u52a8\u6df7\u5408\u952e\u5408\u4e0e TC Next \u5e94\u7528\uff0c2026 \u5e74\u5c06\u51fa\u73b0\u6df7\u5408\u952e\u5408\u7684 16 \u5c42\u9ad8\u5806\u53e0 HBM4e\uff0c2030 \u5e74\u591a\u6570\u6295\u8d44\u805a\u7126\u226516 \u5c42\u5806\u53e0\u7684\u6df7\u5408\u952e\u5408\u6280\u672f\uff1b2025-2030 \u5e74 HBM \u9886\u57df\u6df7\u5408\u952e\u5408\u8bbe\u5907\u9700\u6c42\u8f83 2024 \u5e74\u9884\u6d4b\u589e\u957f&nbsp;<strong>33%<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>3.3<\/strong>&nbsp;<strong>\u5171\u5c01\u88c5\u5149\u5b66\uff08<\/strong><strong>CPO<\/strong><strong>\uff09<\/strong>\uff1aNVIDIA Spectrum-X\u3001Broadcom Tomahawk 6 \u7b49\u4ea4\u6362\u673a\u4ea7\u54c1\u91c7\u7528\u6df7\u5408\u952e\u5408\u8fde\u63a5\u5149\u5b50 IC \u4e0e\u7535\u5b50 IC\uff0c2025-2030 \u5e74 CPO \u9886\u57df\u6df7\u5408\u952e\u5408\u8bbe\u5907\u7d2f\u8ba1\u9700\u6c42\u7ea6&nbsp;<strong>60 <\/strong><strong>\u53f0<\/strong>\uff0c\u53ef\u5b9e\u73b0\u5149\u94fe\u8def&nbsp;<strong>80% <\/strong><strong>\u80fd\u8017\u8282\u7701<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>3.4&nbsp;<\/strong><strong>\u6d88\u8d39\u7535\u5b50<\/strong>\uff1a\u667a\u80fd\u624b\u673a\u3001AR \u773c\u955c\u7b49\u8bbe\u5907\u4e2d\uff0c\u6df7\u5408\u952e\u5408\u4e0e TC Next \u7528\u4e8e\u5148\u8fdb\u82af\u7247\u7ea7\u4e92\u8fde\uff0c2024-2030 \u5e74\u79fb\u52a8\u4e0e\u6d88\u8d39\u9886\u57df 3D SoIC \u8bbe\u5907\u6570\u91cf\u9884\u8ba1\u8fbe&nbsp;<strong>3 <\/strong><strong>\u4ebf\u53f0<\/strong>\uff0c\u63a8\u52a8\u6df7\u5408\u952e\u5408\u5728\u8fb9\u7f18 AI \u5e94\u7528\u4e2d\u7684\u666e\u53ca\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><br><br><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u56db\u3001\u4e3b\u6d41\u82af\u7247\u8d34\u88c5\uff08Die Attach\uff09\u5e02\u573a\u4e0e Besi \u7ade\u4e89\u529b<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1\u3001\u5e02\u573a\u89c4\u6a21\u4e0e\u589e\u957f\u9884\u6d4b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">1.1 Besi \u4e3b\u6d41\u82af\u7247\u8d34\u88c5\u53ef\u5bfb\u5740\u5e02\u573a\uff08\u4e0d\u542b TCB\u3001\u6df7\u5408\u952e\u5408\u3001\u82af\u7247\u5206\u9009\u3001LED\uff09\u9884\u8ba1\u5230 2030 \u5e74\u5c06\u589e\u957f\u81f3&nbsp;<strong>148 <\/strong><strong>\u4ebf\u7f8e\u5143<\/strong>\uff0c\u8f83 2024 \u5e74\u7684&nbsp;<strong>66 <\/strong><strong>\u4ebf\u7f8e\u5143<\/strong>\u5b9e\u73b0\u7ffb\u500d\uff0c2024-2030 \u5e74\u590d\u5408\u5e74\u589e\u957f\u7387\uff08CAGR\uff09\u4e3a&nbsp;<strong>15%<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1.2 \u5404\u7ec6\u5206\u5e02\u573a\u589e\u957f\u663e\u8457\uff0c\u8ba1\u7b97\u9886\u57df CAGR&nbsp;<strong>27%<\/strong>\uff0c\u6c7d\u8f66\u9886\u57df CAGR&nbsp;<strong>33%<\/strong>\uff0c\u5de5\u4e1a\u9886\u57df CAGR&nbsp;<strong>36%<\/strong>\uff0c\u65e0\u7ebf\u901a\u4fe1\u3001\u6d88\u8d39\u7535\u5b50\u7b49\u9886\u57df\u540c\u6b65\u589e\u957f\uff0c\u589e\u957f\u52a8\u529b\u6765\u81ea AI \u8bad\u7ec3\u5de5\u4f5c\u8d1f\u8f7d\u6fc0\u589e\u3001\u63a8\u7406\u9700\u6c42\u6269\u5927\u3001\u751f\u6210\u5f0f AI \u53ca\u8fb9\u7f18 AI \u5e94\u7528\u63a8\u52a8\u7b49\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2\u3001\u4ea7\u54c1\u7ec4\u5408\u7ade\u4e89\u4f18\u52bf<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2.1 \u5728\u5149\u5b50\u5b66\u548c CPO \u9886\u57df\u5177\u5907<strong>\u6700\u9ad8\u7cbe\u5ea6<\/strong>\uff0c\u9886\u5148\u7684\u5927\u5c3a\u5bf8 AI \u4e2d\u4ecb\u5c42\u8d34\u88c5\u53ca\u5148\u8fdb\u76f8\u673a\u6a21\u5757\u5de5\u827a\u80fd\u529b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2.2 \u5728\u6c7d\u8f66\u529f\u7387\u5e94\u7528\u4e2d\u62e5\u6709<strong>\u9886\u5148\u7684\u8f6f\u710a\u5de5\u827a<\/strong>\uff08\u6c27\u542b\u91cf\u3001\u6c14\u4f53\u6d88\u8017\u63a7\u5236\uff09\u53ca\u72ec\u7279\u7684\u6269\u6563\u710a\u5de5\u827a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2.3 \u5728 2.5D CoWoS \u7ec4\u88c5\u4e2d\u5b9e\u73b0<strong>\u6700\u9ad8\u7cbe\u5ea6\u7684\u82af\u7247\u5230\u6676\u5706\uff08<\/strong><strong>C2W<\/strong><strong>\uff09\u8d34\u88c5<\/strong>\uff0c\u5728 BGA\u3001CSP \u53ca\u65e0\u94c5\u5012\u88c5\u82af\u7247\u8d34\u88c5\u4e2d\u4e3a\u9ad8\u6548\u80fd\u5de5\u5177\u6807\u6746\uff0c\u9488\u5bf9\u76f8\u673a\u6a21\u5757\u63a8\u51fa\u5b9a\u5236\u5316\u9ad8\u901f\u89e3\u51b3\u65b9\u6848\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2.4 \u5728\u73af\u6c27\u82af\u7247\u8d34\u88c5\u4e2d\u5177\u5907<strong>\u884c\u4e1a\u9886\u5148\u7684\u7cbe\u5ea6\u548c\u901f\u5ea6<\/strong>\uff0c\u6ee1\u8db3\u79fb\u52a8\u53ca\u6c7d\u8f66\u529f\u7387\u3001\u4f20\u611f\u5668\u5e94\u7528\u7684\u4e25\u683c\u73af\u6c27\u63a7\u5236\u8981\u6c42\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3\u3001\u6838\u5fc3\u589e\u957f\u573a\u666f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">3.1&nbsp;<strong>2.5D <\/strong><strong>\u5148\u8fdb\u5c01\u88c5\uff08<\/strong><strong>CoWoS<\/strong><strong>\uff09<\/strong>\uff1a2024-2030 \u5e74\u8425\u6536 CAGR&nbsp;<strong>17.0%<\/strong>\uff0cBesi \u901a\u8fc7 8800 Chameo advanced\/TnR\uff083\u03bcm \u8d34\u88c5\u7cbe\u5ea6\uff0c\u9ad8\u901f\u5012\u88c5\u82af\u7247\u8d34\u88c5\uff09\u30012200 Evo advanced\uff08\u652f\u6301 110mm\u00d7110mm \u5927\u5c3a\u5bf8\u82af\u7247\u5012\u88c5\uff09\u53ca 2026 \u5e74\u63a8\u51fa\u7684 8800 Chameo Flex\uff081\u03bcm \u8d34\u88c5\u7cbe\u5ea6\uff0c\u9ad8\u4ea7\u80fd\u96c6\u6210\u65b9\u6848\uff09\u62a2\u5360\u5e02\u573a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3.2\u00a0<strong>\u5149\u5b50\u5b66<\/strong>\uff1a\u6570\u636e\u4e2d\u5fc3\u6269\u5f20\u63a8\u52a8\u5149 transceiver \u9700\u6c42\u589e\u957f\uff0cBesi \u4e3a\u5149 transceiver \u7ec4\u88c5\u9886\u57df\u7684\u9886\u5148\u4f01\u4e1a\uff0c2026 \u5e74\u63a8\u51fa 1\u03bcm \u7cbe\u5ea6\u7cfb\u7edf\uff08\u66ff\u4ee3\u6709\u6e90\u5bf9\u51c6\uff09\u4ee5\u63d0\u5347\u5e02\u573a\u4efd\u989d\uff0c\u5149\u94fe\u8def\u53ef\u5b9e\u73b0\u6700\u9ad8\u00a0<strong>80% <\/strong><strong>\u80fd\u8017\u8282\u7701<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3.3&nbsp;<strong>\u8fb9\u7f18<\/strong><strong> AI <\/strong><strong>\u8bbe\u5907<\/strong>\uff1a\u751f\u6210\u5f0f AI \u667a\u80fd\u624b\u673a 2024-2028 \u5e74 CAGR&nbsp;<strong>41.4%<\/strong>\uff0cAR\/VR \u8bbe\u5907\u540c\u671f CAGR&nbsp;<strong>31.2%<\/strong>\uff0cBesi \u89e3\u51b3\u65b9\u6848\u8986\u76d6\u79fb\u52a8 AP\u3001GPU\u3001\u4f20\u611f\u5668\u3001\u76f8\u673a\u6a21\u5757\u7b49\u5e94\u7528\uff0c\u53d7\u76ca\u4e8e\u9ad8\u7aef\u667a\u80fd\u624b\u673a\u5185\u5bb9\u5347\u7ea7\u53ca\u6c7d\u8f66\u7535\u5b50\u542b\u91cf\u589e\u52a0\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><br><br><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e94\u3001Besi 2025-2030 \u6218\u7565\u8ba1\u5212\u4e0e\u5b9e\u65bd\u8def\u5f84<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1\u3001\u6218\u7565\u8ba1\u5212\u66f4\u65b0\u80cc\u666f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">1.1 \u57fa\u4e8e&nbsp;<strong>16 <\/strong><strong>\u5468<\/strong>\u7684\u6d41\u7a0b\u5236\u5b9a\uff0c\u6d89\u53ca\u9ad8\u7ea7\u7ba1\u7406\u5c42\u3001\u5ba2\u6237\u53ca\u5176\u4ed6\u5173\u952e\u5229\u76ca\u76f8\u5173\u8005\uff0c\u786e\u7acb\u4e86\u6536\u5165\u4e0e\u6210\u672c\u524a\u51cf\u76ee\u6807\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1.2 \u660e\u786e\u591a\u91cd\u957f\u671f\u589e\u957f\u9a71\u52a8\u56e0\u7d20\uff1a<strong>AI <\/strong><strong>\u90e8\u7f72\u53ca\u5e94\u7528\u573a\u666f\u5728\u4e3b\u8981\u7ec8\u7aef\u5e02\u573a\u7684\u6269\u5c55<\/strong>\uff1b<strong>\u82af\u7247\u7ea7\uff08<\/strong><strong>Chiplet<\/strong><strong>\uff09\u5f02\u6784\u96c6\u6210\u91c7\u7528\u7387\u63d0\u5347<\/strong>\uff1b<strong>&lt;3nm <\/strong><strong>\u8282\u70b9\u5c3a\u5bf8\u4e0b\u6df7\u5408\u952e\u5408\uff08<\/strong><strong>HB<\/strong><strong>\uff09\u4e0e<\/strong><strong> TCB Next <\/strong><strong>\u91c7\u7528\u7387\u589e\u52a0<\/strong>\uff1b<strong>\u5148\u8fdb\u5c01\u88c5\u5de5\u5382\u6295\u8d44\u589e\u52a0<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1.3 \u5df2\u89c4\u5212\u4ea7\u80fd\u4e0e\u4eba\u5458\u914d\u7f6e\u4ee5\u6ee1\u8db3\u589e\u957f\u9884\u671f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2\u3001\u957f\u671f\u5e02\u573a\u673a\u4f1a\u4e0e\u589e\u957f\u9884\u671f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2.1 2024E \u81f3 2029E \u5e02\u573a\u89c4\u6a21\u9884\u8ba1\u589e\u957f&nbsp;<strong>63%<\/strong>\uff082024E \u4e3a 51 \u4ebf\u6b27\u5143\uff0c2029E \u4e3a 82 \u4ebf\u6b27\u5143\uff09\uff0c2024-2026 \u5e74\u9884\u8ba1\u589e\u957f&nbsp;<strong>25%<\/strong>\uff0c2024-2029 \u5e74\u9884\u8ba1\u589e\u957f&nbsp;<strong>63%<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2.2 \u957f\u671f\u589e\u957f\u8d8b\u52bf\u660e\u786e\uff1a<strong>AI <\/strong><strong>\u53ca\u5e94\u7528\u573a\u666f\u6269\u5c55<\/strong>\uff1b<strong>\u6240\u6709\u7ec8\u7aef\u5e02\u573a\u7684\u5148\u8fdb\u5c01\u88c5\u589e\u957f<\/strong>\uff1b<strong>2024-2029 <\/strong><strong>\u5e74\u7ec4\u88c5\u73af\u8282\u589e\u957f\u663e\u8457<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2.3 Besi \u9884\u8ba1\u5c06\u663e\u8457\u8d85\u8d8a\u7ec4\u88c5\u8bbe\u5907\u5e02\u573a\u7684\u6574\u4f53\u589e\u957f\u7387\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3\u3001\u76ee\u6807\u6a21\u578b\u66f4\u65b0<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">3.1 \u957f\u671f\u6536\u5165\u76ee\u6807\uff1a\u4ece\u539f \u201c10 \u4ebf\u6b27\u5143\u4ee5\u4e0a\u201d \u4e0a\u8c03\u81f3 \u201c<strong>15-19 <\/strong><strong>\u4ebf\u6b27\u5143<\/strong>\u201d\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3.2 \u53ef\u5bfb\u5740\u5e02\u573a\u4efd\u989d\uff1a\u7ef4\u6301 \u201c<strong>40% <\/strong><strong>\u4ee5\u4e0a<\/strong>\u201d\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3.3 \u6bdb\u5229\u7387\uff1a\u4ece \u201c62-66%\u201d \u4e0a\u8c03\u81f3 \u201c<strong>64-68%<\/strong>\u201d\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3.4 \u8425\u4e1a\u5229\u6da6\u7387\uff1a\u4ece \u201c35-50%\u201d \u4e0a\u8c03\u81f3 \u201c<strong>40-55%<\/strong>\u201d\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3.5 \u53ef\u6301\u7eed\u53d1\u5c55\u76ee\u6807\uff1a\u7ef4\u6301 \u201c<strong>2030 <\/strong><strong>\u5e74\u5b9e\u73b0\u8303\u56f4<\/strong><strong> 1&amp;2 <\/strong><strong>\u6e29\u5ba4\u6c14\u4f53\u51c0\u96f6\u6392\u653e<\/strong>\u201d \u53ca \u201c<strong>100% <\/strong><strong>\u4f7f\u7528\u53ef\u518d\u751f\u80fd\u6e90\u6ee1\u8db3\u5168\u7403\u80fd\u6e90\u9700\u6c42<\/strong>\u201d\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4\u3001\u5173\u952e\u6536\u5165\u589e\u957f\u9a71\u52a8\u56e0\u7d20<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">4.1&nbsp;<strong>\u6df7\u5408\u952e\u5408<\/strong>\uff1a\u903b\u8f91\u9886\u57df\u91c7\u7528\u6269\u5c55\uff08\u5f02\u6784\u82af\u7247\u7ea7\u96c6\u6210\u3001\u6570\u636e\u4e2d\u5fc3\u3001\u8fb9\u7f18 AI\u3001CPO\uff09\uff1b\u6d88\u8d39\u5e94\u7528\u6269\u5c55\uff08\u79fb\u52a8\u3001PC\u3001\u53ef\u7a7f\u6234\u8bbe\u5907\u3001AR\/VR\uff09\uff1b\u5b58\u50a8\u5668\u91c7\u7528\uff08HBM4\/5\uff09\uff1b\u901a\u8fc7\u4e0e\u5e94\u7528\u6750\u6599\u516c\u53f8\u7684\u96c6\u6210\u751f\u4ea7\u7ebf\u63d0\u9ad8\u5e02\u573a\u6e17\u900f\u7387\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">4.2&nbsp;<strong>TCB Next<\/strong>\uff1a\u4ece\u82af\u7247\u5230\u57fa\u677f\u5411\u82af\u7247\u5230\u6676\u5706\u8fc7\u6e21\uff08\u9886\u5148\u5236\u7a0b\uff09\uff1b\u5728 HBM4 \u53ca\u5148\u8fdb CoWoS \u5e94\u7528\u4e2d\u4f7f\u7528\u6269\u5c55\uff1b\u5177\u5907\u663e\u8457\u7684\u5e02\u573a\u4efd\u989d\u63d0\u5347\u6f5c\u529b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">4.3&nbsp;<strong>\u5148\u8fdb<\/strong><strong> 2.5D \/ <\/strong><strong>\u4e3b\u6d41\u5e02\u573a<\/strong>\uff1a\u901a\u8fc7\u4e0b\u4e00\u4ee3\u591a\u6a21\u5757\u53ca\u5012\u88c5\u82af\u7247\u7cfb\u7edf\uff0c\u63d0\u9ad8\u5728\u5149\u5b50\u5b66\u3001\u667a\u80fd\u624b\u673a\u3001\u529f\u7387\u6a21\u5757\u53ca\u79fb\u52a8\u5b58\u50a8\u5668\u5e02\u573a\u7684\u6e17\u900f\u7387\uff1b\u79fb\u52a8\u9886\u57df\u521b\u65b0\uff08\u5148\u8fdb\u76f8\u673a\u3001\u4f20\u611f\u5668\u3001AP \u5c01\u88c5\u3001\u624b\u673a\u5f62\u6001\uff09\uff1b\u5c01\u88c5\u73af\u8282\uff08\u82af\u7247\u7ea7\u6210\u578b\u4e0e\u5207\u5272\u3001SiC \u53ca GaN \u529f\u7387\u5668\u4ef6\u6210\u578b\uff09\uff1b\u7535\u52a8\u6c7d\u8f66\u53ca\u81ea\u52a8\u9a7e\u9a76\u9886\u57df\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">4.4&nbsp;<strong>\u5907\u4ef6<\/strong><strong> \/ <\/strong><strong>\u670d\u52a1<\/strong>\uff1a\u968f\u4e9a\u5fae\u7c73\u82af\u7247\u8d34\u88c5\u88c5\u673a\u91cf\u6269\u5c55\u800c\u589e\u957f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">5\u3001\u5173\u952e\u8fd0\u8425\u76ee\u6807<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">5.1&nbsp;<strong>\u6bdb\u5229\u7387<\/strong>\uff1a\u76ee\u6807\u524a\u51cf\u6210\u672c&nbsp;<strong>1500-3000 <\/strong><strong>\u4e07\u6b27\u5143<\/strong>\uff1b\u901a\u8fc7\u901a\u7528\u90e8\u4ef6\u3001\u5e73\u53f0\u53ca\u6a21\u5757\u5b9e\u73b0\u8fdb\u4e00\u6b65\u8bbe\u8ba1\u6548\u7387\u63d0\u5347\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">5.2&nbsp;<strong>\u8fd0\u8425\u8d39\u7528<\/strong>\uff1a\u6295\u8d44\u7814\u53d1\u4e0e\u670d\u52a1 \/ \u652f\u6301\u4ee5\u652f\u6491\u4e9a\u5fae\u7c73\u82af\u7247\u8d34\u88c5\u589e\u957f\uff1b\u5c06\u4e00\u822c\u53ca\u884c\u653f\u7ba1\u7406\uff08G&amp;A\uff09\u8d39\u7528\u589e\u957f\u9650\u5236\u5728\u901a\u80c0\u7387\u6c34\u5e73\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">5.3&nbsp;<strong>\u8fd0\u8425<\/strong>\uff1a\u6839\u636e\u5ba2\u6237\u8def\u7ebf\u56fe\u6269\u5c55\u5728\u4e1c\u5357\u4e9a\u53ca\u5370\u5ea6\u7684\u5e03\u5c40\uff1b\u63d0\u5347\u6d01\u51c0\u5ba4\u80fd\u529b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">5.4&nbsp;<strong>\u53ef\u6301\u7eed\u53d1\u5c55<\/strong>\uff1a2030 \u5e74\u5b9e\u73b0\u6e29\u5ba4\u6c14\u4f53\u51c0\u96f6\u6392\u653e\uff1b100% \u4f7f\u7528\u53ef\u518d\u751f\u80fd\u6e90\u6ee1\u8db3\u5168\u7403\u80fd\u6e90\u9700\u6c42\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">6\u3001\u8d44\u672c\u914d\u7f6e\u4e0e\u6d41\u52a8\u6027<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">6.1&nbsp;<strong>\u6d41\u52a8\u6027\u72b6\u51b5<\/strong>\uff1a\u622a\u81f3 2025 \u5e74\u4e00\u5b63\u5ea6\uff0c\u73b0\u91d1\u53ca\u5b58\u6b3e\u4e3a&nbsp;<strong>6.857 <\/strong><strong>\u4ebf\u6b27\u5143<\/strong>\uff0c\u51c0\u73b0\u91d1\u4e3a&nbsp;<strong>4.36 <\/strong><strong>\u4ebf\u6b27\u5143<\/strong>\uff0c\u5177\u5907\u5145\u8db3\u8d44\u91d1\u652f\u6301\u589e\u957f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">6.2&nbsp;<strong>\u80a1\u4e1c\u56de\u62a5<\/strong>\uff1a2011 \u5e74\u4ee5\u6765\u7d2f\u8ba1\u5206\u914d&nbsp;<strong>22 <\/strong><strong>\u4ebf\u6b27\u5143<\/strong>\uff08\u7ea6\u5360\u7d2f\u8ba1\u6536\u5165\u7684&nbsp;<strong>33%<\/strong>\uff09\uff1b2025 \u5e74\u4e00\u5b63\u5ea6\u7d2f\u8ba1\u5206\u914d&nbsp;<strong>2210 <\/strong><strong>\u4e07\u6b27\u5143<\/strong>\uff1b\u5f53\u524d&nbsp;<strong>1 <\/strong><strong>\u4ebf\u6b27\u5143<\/strong>\u80a1\u7968\u56de\u8d2d\u8ba1\u5212\u5df2\u56de\u8d2d&nbsp;<strong>5140 <\/strong><strong>\u4e07\u6b27\u5143<\/strong>\uff1b\u5e93\u5b58\u80a1\u5360\u603b\u80a1\u672c\u7684&nbsp;<strong>2.0%<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">6.3&nbsp;<strong>\u878d\u8d44\u652f\u6301<\/strong>\uff1a<strong>1.977 <\/strong><strong>\u4ebf\u6b27\u5143<\/strong>\u53ef\u8f6c\u6362\u503a\u5238\uff08\u6df7\u5408\u5229\u7387&nbsp;<strong>1.74%<\/strong>\uff09\uff1b<strong>3.5 <\/strong><strong>\u4ebf\u6b27\u5143<\/strong>&nbsp;2031 \u5e74\u5230\u671f\u7684&nbsp;<strong>4.5%<\/strong>&nbsp;\u9ad8\u7ea7\u503a\u5238\uff1b<strong>8000 <\/strong><strong>\u4e07\u6b27\u5143<\/strong>\u5faa\u73af\u4fe1\u8d37\uff08\u53ef\u6269\u5c55\u81f3&nbsp;<strong>1.36 <\/strong><strong>\u4ebf\u6b27\u5143<\/strong>\uff09\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><br><br><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u516d\u3001\u884c\u4e1a\u5c55\u671b\u4e0e Besi \u7ade\u4e89\u58c1\u5792<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1\u3001\u5148\u8fdb\u5c01\u88c5\u884c\u4e1a\u672a\u6765\u53d1\u5c55\u5c55\u671b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">1.1&nbsp;<strong>\u884c\u4e1a\u589e\u957f\u52a8\u529b\u6301\u7eed\u5f3a\u52b2<\/strong>\uff0c\u7ec4\u88c5\u73af\u8282\u5904\u4e8e\u91cd\u5927\u589e\u957f\u62d0\u70b9\uff0cAI \u6269\u5f20\u63a8\u52a8\u5148\u8fdb\u5c01\u88c5\u6280\u672f\u5728\u6570\u636e\u4e2d\u5fc3\u3001\u8fb9\u7f18\u8bbe\u5907\u7b49\u5168\u573a\u666f\u6e17\u900f\uff0c2024-2029 \u5e74\u7ec4\u88c5\u8bbe\u5907\u5e02\u573a\u9884\u8ba1\u589e\u957f&nbsp;<strong>63%<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1.2&nbsp;<strong>\u6469\u5c14\u5b9a\u5f8b\u653e\u7f13\u52a0\u901f\u82af\u7247\u7ea7\uff08<\/strong><strong>Chiplet<\/strong><strong>\uff09\u4e0e<\/strong><strong> 3D IC <\/strong><strong>\u7684\u91c7\u7528<\/strong>\uff0c\u5ba2\u6237\u901a\u8fc7\u6df7\u5408\u952e\u5408\u4e0e TCB \u7b49\u6280\u672f\u4f18\u5316\u5668\u4ef6\u529f\u80fd\u3001\u964d\u4f4e\u6210\u672c\uff0c2024-2033 \u5e74\u82af\u7247\u7ea7\u5e02\u573a\u590d\u5408\u5e74\u589e\u957f\u7387\u8fbe&nbsp;<strong>48.1%<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1.3&nbsp;<strong>\u6df7\u5408\u952e\u5408\u6210\u4e3a\u9ad8\u6027\u80fd\u3001\u9ad8\u80fd\u6548\u8ba1\u7b97\u7684\u9996\u9009\u6280\u672f<\/strong>\uff0c\u4e0e TC Next \u9884\u8ba1\u4e3a\u672a\u6765 5 \u5e74\u589e\u957f\u6700\u5feb\u7684\u7ec4\u88c5\u9886\u57df\uff0c\u5728\u903b\u8f91\u3001\u5171\u5c01\u88c5\u5149\u5b66\uff08CPO\uff09\u3001\u5b58\u50a8\u5668\u53ca\u6d88\u8d39\u7535\u5b50\u4e2d\u6d8c\u73b0\u65b0\u5e94\u7528\u573a\u666f\uff0c2030 \u5e74\u6df7\u5408\u952e\u5408\u5e02\u573a\u6f5c\u529b\u8f83 2024 \u5e74\u9884\u6d4b\u63d0\u5347&nbsp;<strong>7%<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1.4&nbsp;<strong>\u5168\u7403\u5148\u8fdb\u5c01\u88c5\u5de5\u5382\u6295\u8d44\u6d3b\u8dc3<\/strong>\uff0c\u7ea6&nbsp;<strong>1000 <\/strong><strong>\u4ebf\u7f8e\u5143<\/strong>\u6295\u8d44\u6b63\u5728\u63a8\u8fdb\u6216\u8ba1\u5212\u4e2d\uff0cTSMC\u3001Intel\u3001SK Hynix \u7b49\u5934\u90e8\u4f01\u4e1a\u4e3b\u5bfc\u7684 CoWoS\u3001HBM\u3001SoIC \u7b49\u9879\u76ee\u5c06\u652f\u6491\u884c\u4e1a\u957f\u671f\u589e\u957f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2\u3001Besi \u7684\u6838\u5fc3\u7ade\u4e89\u58c1\u5792<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2.1&nbsp;<strong>\u6280\u672f\u9886\u5148\u6027\u663e\u8457<\/strong>\uff0c\u5728\u6df7\u5408\u952e\u5408\u9886\u57df\uff0c8800 CHAMEO UltraPlus AC \u4e3a\u5f53\u524d\u884c\u4e1a\u6807\u51c6\uff0c\u7cbe\u5ea6\u8fbe&nbsp;<strong>25nm <\/strong><strong>\u53ca\u4ee5\u4e0a<\/strong>\uff0c2026 \u5e74\u63a8\u51fa\u7684 8800 HYBRID G2 \u5c06\u5b9e\u73b0&nbsp;<strong>50nm <\/strong><strong>\u7cbe\u5ea6<\/strong>\u5e76\u5411 25nm \u6f14\u8fdb\uff1bTC Next \u6280\u672f\u652f\u6301&nbsp;<strong>7-20\u03bcm <\/strong><strong>\u952e\u5408\u95f4\u8ddd<\/strong>\uff0c\u7cbe\u5ea6&nbsp;<strong>0.7\u03bcm<\/strong>\uff0cUPH \u8fbe&nbsp;<strong>2000<\/strong>\uff0c\u5177\u5907\u65e0 flux \u80fd\u529b\uff0c\u6280\u672f\u6307\u6807\u9886\u5148\u884c\u4e1a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2.2&nbsp;<strong>\u5e02\u573a\u4efd\u989d\u4f18\u52bf\u7a81\u51fa<\/strong>\uff0c2024 \u5e74\u5148\u8fdb\u82af\u7247\u8d34\u88c5\uff08&lt;7 \u5fae\u7c73\u7cbe\u5ea6\uff09\u5e02\u573a\u4efd\u989d&nbsp;<strong>78%<\/strong>\uff0c\u82af\u7247\u8d34\u88c5\uff08Die Attach\uff09\u5e02\u573a\u4efd\u989d&nbsp;<strong>40%<\/strong>\uff0c\u8986\u76d6 AMD\u3001NVIDIA\u3001TSMC\u3001Intel \u7b49\u5168\u7403\u9876\u7ea7\u534a\u5bfc\u4f53\u4f01\u4e1a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2.3&nbsp;<strong>\u4ea7\u54c1\u7ec4\u5408\u5b8c\u6574<\/strong>\uff0c\u5e03\u5c40\u6df7\u5408\u952e\u5408\u3001TC Next\u30012.5D\/3D \u96c6\u6210\u7b49\u5168\u7cfb\u5217\u89e3\u51b3\u65b9\u6848\uff0c2026 \u5e74\u5c06\u63a8\u51fa 8800 CHAMEO Flex\u3001Evo 1\u03bcm \u7b49\u65b0\u54c1\uff0c\u6ee1\u8db3 CoWoS\u3001CPO\u3001HBM \u7b49\u590d\u6742\u5c01\u88c5\u9700\u6c42\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2.4&nbsp;<strong>\u7814\u53d1\u6295\u5165\u6301\u7eed\u52a0\u7801<\/strong>\uff0c2024 \u5e74\u7814\u53d1\u652f\u51fa\u5360\u8425\u6536&nbsp;<strong>13.0%<\/strong>\uff0c\u805a\u7126&nbsp;<strong>50nm <\/strong><strong>\u7cbe\u5ea6\u6df7\u5408\u952e\u5408<\/strong>\u3001<strong>1\u03bcm <\/strong><strong>\u7cbe\u5ea6\u5149\u5b50\u5b66\u8d34\u88c5<\/strong>\u7b49\u524d\u6cbf\u6280\u672f\uff0c\u7ef4\u6301\u7814\u53d1\u9886\u5148\u5730\u4f4d\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2.5&nbsp;<strong>\u8fd0\u8425\u6a21\u5f0f\u7075\u6d3b\u9ad8\u6548<\/strong>\uff0c\u5177\u5907\u9ad8\u5ea6\u67d4\u6027\u4e0e\u53ef\u6269\u5c55\u7684\u751f\u4ea7\u6a21\u578b\uff0c\u80fd\u5feb\u901f\u54cd\u5e94\u5ba2\u6237\u9700\u6c42\u6ce2\u52a8\uff0c\u540c\u65f6\u901a\u8fc7\u901a\u7528\u90e8\u4ef6\u3001\u5e73\u53f0\u6a21\u5757\u5316\u4f18\u5316\u6210\u672c\uff0c\u652f\u6491\u6bdb\u5229\u7387\u4e0e\u8fd0\u8425\u5229\u6da6\u7387\u63d0\u5347\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u8a00 \u57282025\u5e746\u670812\u65e5\u7684\u6295\u8d44\u8005\u65e5\u6f14\u793a\u4e2d\uff0cBesi\u56e2\u961f\u5168\u9762\u9610\u8ff0\u4e86\u516c\u53f8\u5982\u4f55\u901a\u8fc7\u6280\u672f\u521b\u65b0\u548c\u6218\u7565\u805a\u7126\uff0c\u5f15\u9886\u4eba\u5de5\u667a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-7"],"_links":{"self":[{"href":"http:\/\/www.applicationsofllm.com\/index.php\/wp-json\/wp\/v2\/posts\/759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.applicationsofllm.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.applicationsofllm.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.applicationsofllm.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.applicationsofllm.com\/index.php\/wp-json\/wp\/v2\/comments?post=759"}],"version-history":[{"count":2,"href":"http:\/\/www.applicationsofllm.com\/index.php\/wp-json\/wp\/v2\/posts\/759\/revisions"}],"predecessor-version":[{"id":769,"href":"http:\/\/www.applicationsofllm.com\/index.php\/wp-json\/wp\/v2\/posts\/759\/revisions\/769"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.applicationsofllm.com\/index.php\/wp-json\/wp\/v2\/media\/767"}],"wp:attachment":[{"href":"http:\/\/www.applicationsofllm.com\/index.php\/wp-json\/wp\/v2\/media?parent=759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.applicationsofllm.com\/index.php\/wp-json\/wp\/v2\/categories?post=759"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.applicationsofllm.com\/index.php\/wp-json\/wp\/v2\/tags?post=759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}