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北京时间·🕒 发布 08-19(北京日)仅日期·时区推断·⟳ 抓取 17:14:58·⚡ 决策 08-19 17:15:53 +55s·69.1 天前

长电科技宣布高深宽比TSV样品制备成功但仍处研发验证阶段

事件验证长电科技在TSV、硅中介层和2.5D/3D先进封装方向的研发推进,方向上利好公司先进封装叙事。

📄 原文长电科技新闻↗ 原文
Company News2026-08-19JCET Advances High-Aspect-Ratio TSV Technology for 2.5D and 3D Packaging
August 19, 2026 – JCET today announced a significant advance in its high-aspect-ratio through-silicon via (TSV) technol…
不做 长电科技(600584.SH)
官方研发样品进展方向偏正,但没有订单、客户导入、量产节点或可量化业绩增量;且先进封装主题此前已被交易,盘后明牌追多edge不足。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)

研究档案

🔎 新鲜度:最早出现 2026-08-19 · 扩散 low · price-in 风险 medium ↗ ↗ ↗

消息传播链

  1. 2026-08-19 17:14 CST首发长电科技官网一手源原文 ↗
    公司官方披露高深宽比TSV样品制备成功,属于本次具体催化的首发来源。

关键理由

  • 事件验证长电科技在TSV、硅中介层和2.5D/3D先进封装方向的研发推进,方向上利好公司先进封装叙事。
  • 但公告只披露样品制备成功,未给出客户、订单金额、量产节点或业绩贡献,无法形成短线可量化增量。
  • 公开资料显示长电科技市值约千亿元级,单一研发进展相对市值和2025/2026营收基数缺少足够重大性。

主要风险

  • 公司近期先进封装、AI封装主题已有高波动和高成交,盘后技术进展公告容易成为既有叙事确认而非新增重定价。
  • 若后续不能披露客户导入、量产验证或订单,TSV样品进展对短期收入和利润的传导仍无法量化。

反向证据

  • 做多前查反向 · 来源 web · 日期 2026-08-19 · 影响 weakens
    本次官方稿未披露订单金额、客户定点、量产收入或产能投放节点,削弱短线做多确定性。
    检索:长电科技 TSV 样品 量产 订单 客户 先进封装 原文 ↗
  • 做多前查反向 · 来源 web · 影响 weakens
    近期长电科技已因高端封测和2.5D/3D先进封装主题出现高成交和大幅波动,新增研发新闻存在被既有主题吸收的风险。
    检索:长电科技 2.5D 3D 先进封装 近期异动 原文 ↗

先例如何影响了这次决策

对本次决策的影响:先例不足叠加量级不可量化,使本次不升级为ENTER,只保留正面跟踪价值。

方向:未找到足以用于定价的同市场高相似先例;研发样品进展通常方向偏正但交易胜率取决于是否伴随客户、订单或量产节点。

涨幅量级:缺少高相似、锚点干净的A股先进封装研发样品先例,不能据此给出止盈止损幅度。

形态:本事件更接近技术路线确认,存在A股半导体主题见光死或高开低走风险。

原文全文

展开原文 · 3,563 字
August 19, 2026 – JCET today announced a significant advance in its high-aspect-ratio through-silicon via (TSV) technology, following the successful fabrication of samples in collaboration with its partners.
Developed for 2.5D and 3D advanced packaging, silicon interconnects, and multidimensional heterogeneous integration, JCET’s TSV process strengthens a critical component of the company’s microsystem integration platform. The technology is intended to support more complete and flexible manufacturing solutions for the system-level integration of high-performance computing and memory devices.
Cross-Sectional Image of a High-Aspect-Ratio TSV Sample
The sample fabrication incorporated several critical process steps, including deep silicon etching, sidewall dielectric deposition, barrier and seed layer deposition, and copper filling. The fabricated TSVs measured 1.5 micrometers in diameter and 17 micrometers in depth, achieving an aspect ratio of 11.3:1. The results demonstrate JCET’s advanced process development and joint validation capabilities for small-diameter, high-aspect-ratio TSVs.
Rapid growth in artificial intelligence, high-performance computing, and high-bandwidth memory is driving demand for interconnects that offer greater density, lower electrical loss, and improved reliability. These interconnects are essential for integrating GPUs, ASICs, HBM, and other functional chiplets within increasingly complex systems.
TSVs create vertical electrical connections through a silicon wafer or die and are a fundamental enabling technology for 2.5D and 3D integration, vertical die stacking, and heterogeneous Chiplet integration. Developing high-aspect-ratio TSVs requires precise control across a series of tightly integrated wafer-level processes, with the performance of each step directly affecting the overall process flow.
Schematic Illustration of a TSV
The successful sample fabrication expands JCET’s R&D capabilities in wafer-level advanced packaging and silicon interconnects. It also provides a foundation for integrating TSV formation with redistribution layers and related wafer-level processes as JCET continues to develop end-to-end silicon interposer manufacturing capabilities.
The ability to form TSVs on incoming customer wafers will allow JCET to more closely connect wafer-level processing, silicon interconnects, and system integration. It will also provide greater flexibility in integrating chiplets manufactured at different process nodes and designed for different functions and system architectures.
High-aspect-ratio TSV technology is designed to support two primary advanced packaging applications. The first is 3D stacked integration, in which TSVs formed in the underlying wafer or die create vertical electrical connections between stacked devices. The second is silicon-based interconnect structures, including silicon interposers. When integrated with redistribution layers, micro-bumps, and wafer-level packaging processes, TSVs can provide critical process support for 2.5D integration, multi-chiplet interconnects, and HBM integration.
Dr. Rebecca Chen, Vice President of JCET and General Manager of the AI & Smart Industry BU, said: “This progress in high-aspect-ratio TSV technology marks an important step in expanding JCET’s advanced packaging capabilities. We will follow a disciplined path from technology development and engineering validation to volume production, while strengthening critical process technologies and integrating them into a more complete end-to-end manufacturing platform.”

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