According to a research report from CITIC Securities, when it comes to capital expenditures, the capacity expansion initiatives of wafer foundries are set to propel a sustained upsurge in the demand for silicon wafers. Mainland China stands at the forefront globally in terms of capital expenditures, presenting ample opportunities to elevate the localization ratio of high-end process and specialty process silicon wafers.

From the vantage point of technological progress, 3D stacking technology leads to a higher consumption of silicon wafers per unit. During their expansion, major domestic manufacturers are likely to strategize the development of next-generation 3D stacked chip products. (Here, "strategize" is used to convey the idea of making strategic plans or arrangements, which aligns with the original Chinese meaning of "布局" (bùjú).)

From a cyclical perspective, the burgeoning demand for AI is poised to rekindle the semiconductor boom cycle. CITIC Securities holds a positive outlook on the growth in shipment volumes and the rebound in product prices for domestic semiconductor silicon wafer companies.