CITIC Securities: Investment opportunities in the semiconductor equipment and components industry chain.

CITIC Securities released a research report stating that with the continuous breakthroughs and ramp-ups of domestic auto parts suppliers' research and development, the current investment focus on the auto parts sector is more on the race track investment of segmented categories. On the one hand, attention is paid to investments in low domestication rate race tracks, expecting continuous breakthroughs in related categories research and development-sampling-small batch, such as EFEM, robots, vacuum pumps/molecular pumps, valves, electrostatic chucks, RF power supplies, MFCs, and other related components of lithography machines; On the other hand, attention is paid to smooth progress in localization and category investments with gradually released performance, such as metal components in the major category of machinery, gas delivery sub-systems GAS BOX, etc.