全球半导体中国半导体设备进口追踪器——2026年5月同比下降6%

China Semicap Import Tracker–May 2026down 6% yoy Industry Overview 22 June 2026 May‘26 Semicap imports – down 6% yoy/down 16% momWe analyze monthly China customs import data relating to semiconductor equipment. The data is relevant for tracking China sales for global semicapcompanies. Chinaaccounted for 33.5% of global WFE in 2025, making it one of the most importantregions for global semicaps. China's semiconductor equipment imports were $3.2bn inMay 2026, below the previous 3mth (Feb'26-Apr'26) average of $3.5bn and below theprevious 12mth (May'25-Apr'26) average of $4.5bn. Import value was down 6% yoy anddown 16% mom. On a 3MMA, import value was down 3% yoy and up 10% mom, belowthe historical 3MMA mom average for the month of +5%. May brings the YTD decline to11% for 2026, a year in which most semicap suppliers expect China sales to normalize. EquityGlobalSemiconductors Didier Scemama>>Research AnalystMLI (UK)+44 20 7995 6751didier.scemama@bofa.com Vivek AryaResearch AnalystBofASvivek.arya@bofa.com Front-end – down 9% yoy and down 20% momChina imported $2.2bn worth of front-end equipment in May. Front-end imports were Simon Woo, CFA>>Research AnalystMerrill Lynch (Seoul)simon.woo@bofa.com down 9% yoy and down 20% mom, driven primarily by Other Front-end ($239mm; -41%yoy/-52% mom), Etching ($382mm; -33% yoy/-25% mom), and Lithography ($297mm; -2% yoy/+109% mom), while other segments were up: Process control ($314mm; +23%yoy/-18% mom), Ion implanters ($107mm; +21% yoy/-43% mom), Deposition ($708 mm;+12% yoy/-18% mom), and Heat treatment ($132mm; +1% yoy/-13% mom). Mikio Hirakawa>>Research AnalystBofAS Japanmikio.hirakawa@bofa.com Haas Liu>>Research AnalystMerrill Lynch (Taiwan)haas.liu@bofa.com YTD, front-end imports of $12.1bn are down 13% yoy, driven by Lithography ($2.1bn; -24% yoy), Etching ($2.4bn; -18% yoy), Other Front-end ($1.7bn; -17% yoy), Processcontrol ($1.4bn; -15% yoy), and Ion implanters ($562mm; -2% yoy), while Deposition($3.3bn; +3% yoy) and Heat treatment ($675mm; +2% yoy) are up. Dai Shen>>Research AnalystMerrill Lynch (Hong Kong)dai.shen@bofa.com Daley Li, CFA>>Research AnalystMerrill Lynch (Hong Kong)daley.li2@bofa.com Back-end categories in May •Assembly & Packaging:$343mm, down 10% yoy and up 12% mom. WithinA&P, wire bonder imports were up 67% yoy and up 88% mom while mountingand bonding was up 6% yoy and up 1% mom. YTD, A&P was down 15% yoy to$1.5bn.•Wafer manufacturing: $68mm, down 31% yoy and down 46% mom. YTD,imports were down 25% yoy to $465mm.•Flat panel display: $221mm, up 63% yoy and up 14% mom. YTD, importswere up 18% yoy to $1.1bn.•Spares: $374mm, down 10% yoy and down 10% mom. YTD, down 5% yoy to$2.0bn.•Testing: $36mm, up 50% yoy and down 38% mom. YTD, down 14% yoy to$169mm. Oliver Wong>>Research AnalystMLI (UK)oliver.wong2@bofa.com Amelia Banks>>Research AnalystMLI (UK)amelia.banks@bofa.com 3MMA: 3 month moving averageWFE: Wafer fabrication equipment This research report provides generalinformation only. No part of this report may be usedor reproduced or quoted in any manner whatsoever in Taiwan by the press or otherpersons without the express written consent of BofA Securities.>> Employed by a non-US affiliate of BofAS and is not registered/qualified as a research analyst under the FINRA rules.Refer to "Other Important Disclosures" for information on certain BofA Securities entities that take responsibility for the information herein in particular jurisdictions.BofA Securities does and seeks to do business with issuers covered in its research reports. As a result, investors should be aware that the firm may have a conflict ofinterest that could affect the objectivity of this report. Investors should consider thisreport as only a single factor in making their investment decision.Refer to important disclosures on page 43 to 45.12985742 Contents China semiconductor equipment imports–major categories at a glance ($mm)3China semiconductor equipment imports–major categories at a glance (yoy %)4China semiconductor equipment imports–category breakdown5China semiconductor equipment imports–major categories in May6China semiconductor equipment imports–further analysis7Front-end equipment import total compared to semi equipment suppliers’disclosedChina equipment sales9Lithography imports–down 2% in May 202610Netherlands lithography machine imports13Deposition imports–up 12% in May 202616Etching imports–down 33% in May 202619Heat treatment imports–up 1% in May 202622Ion implanters imports–up 21% in May 202625Process Control imports–up 23% in May 202628Wafer manufacturing equipment–down 31% in May 202631Flat panel display manufacturing equipment–up 63% in May 202632Assembly and packaging equipment–down 10% in May 202633Spares–down 10% in May 202634Wire bonders–up 67% in May 202635Mounting and bonding–up 6% in May 202636Testing equipment–up 50% in May 202637Appendix: China semiconductor equipment imports–summary tables38 China semiconductor equipment imports