CSC Securities has noted that, despite an overall deceleration in industry-wide expansion, the growing market penetration rate driven by localization efforts remains a pivotal factor for the equipment sector's future growth. It is projected that the localization rate of equipment will experience a swift increase in the coming years. Specifically, orders for leading comprehensive equipment enterprises are expected to surge by more than 20-30% by 2025. The localization process for components, especially those facing critical bottlenecks, will gather pace, and the sector's overall fundamentals continue to look promising. Regarding market conditions, it is anticipated that front-end capital expenditures (CAPEX) will maintain their upward trajectory until 2025. This growth will be characterized by robust performance in advanced manufacturing processes and a resurgence in mature processes. Meanwhile, the back-end packaging sector is expected to witness a moderate recovery, with positive advancements anticipated in 2.5D and 3D advanced packaging technologies in the latter half of the year.