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outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: center;"> <span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: center;"> <img src="http://s.laoyaoba.com/jwImg/news/2020/05/17/15897125696021.png" style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); border: 0px; vertical-align: middle; max-width: 100%;" width="712" height="401" alt="" /><span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">任何行业，“优胜劣汰”是产业发展的必然法则。近几年，PCB行业的中小工厂倒闭事件接连不断，尤其是在当初产能集中的珠三角地区陆续有佛山、广州、惠州、东莞等多地的老牌PCB厂因经营不善导致破产。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">与之相对的是，随着通信技术的迭代和产品应用的升级，对PCB板的工艺和技术革新也提出了更高的要求，而基于更高工艺和技术的PCB产业格局越发稳固。为实现更多元器件集成、更小尺寸及更小体积和重量，PCB大厂也迎来新的使命，不断向高端产品进发，诸如Any-layer HDI主板和类载板（SLP）等产品。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;"><span style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); font-size: 20px;"><span style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); font-weight: 700;">“</span><span style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); font-weight: 700;">步步紧跟”</span><span style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); font-weight: 700;">的HDI</span></span><span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">当前，基于我国在5G基础设施领域的供应链完整度和成熟度，PCB持续向高密度、高集成、高频高速等方向发展，在鹏鼎控股、深南电路、沪电股份、生益科技等组成的一超多强的阵营外，景旺电子、中京电子、崇达技术等也在高端PCB领域持续追赶。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">这其中，作为PCB产业中，技术和投资要求双高的HDI业务，目前龙头企业的市占率仅10%左右，加之去年三星/LG等纷纷剥离HDI业务，留给一二线厂商的市场空间较大，因而高阶HDI成为国内PCB厂商持续升级的关键点。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">据集微网了解，基于高阶HDI的产线投资大、技术壁垒高及电镀产线环保审批严格等因素影响，当前鹏鼎控股、华通、欣兴、定颖等台企在HDI产品的出货实力强劲，且受惠高阶HDI制程需求旺盛，业绩表现良好。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">反观内地厂商，去年高端PCB产品的产能利用率受下游景气度下滑的影响，产能未完全释放。为提升产能利用率，内地PCB大厂在高阶HDI领域“步步紧跟”，当前部分厂商具备三阶及以下领域的量产能力。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">从多家PCB厂商的2019年年报披露来看，笔者整理了相关厂商在HDI领域的进展，由此或可窥见当前内地厂商在高阶PCB产品上的进展和实力。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">据了解，当前超声电子的HDI批量生产的有一阶至四阶HDl，小批量生产和技术储备为五阶至六阶，其HDI（含类载板）产能50至60万平方米；中京电子则在较高阶领域的进展相对领先，除了具备高阶(超过三阶)高层(超过10层)产品的批量生产能力外，10-12层五阶HDI产品陆续完成样品制作。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">此外，中京电子近期投资的珠海富山高密度印制电路板(PCB)建设项目，其1-A期已投资建设，重点发展高阶HDI、Anylayer HDI以及SLP等工艺产品。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">东山精密也表示，子公司MULTEK 拥有三阶以上HDI生产能力，目前正积极筹备 HDI 产能扩充。景旺电子则披露，HDI（含SLP）项目预计在2021年度第二季度投产，主要为任意层HDI和含mSAP技术的HDI、兼顾少量3阶HDI产品。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">值得关注的是，在上述多家PCB的高端产能布局中，SLP的产能布局已出现在多家PCB大厂的产能规划中。“在一线终端厂商的带动下，内地的高端PCB产品一直在持续布局，还需加快步伐紧跟节奏，才能在高端产品领域占领一席之地。”业内人士向集微网表示。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;"><span style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); font-size: 20px;"><span style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); font-weight: 700;">蓄势待发的SLP</span></span><span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">在PCB行业中，当前的高端PCB产品类别主要有HDI、R-F、SLP、IC载板等。有分析师表示，在PCB产业转移的后半程，内地厂商将凭借成本、效率等优势逐步抢占高端PCB的市场份额。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">而SLP作为HDI的进阶产品，承载着更强的技术迭代需求。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">资料显示，SLP即在HDI技术的基础上，采用M-SAP制程可进一步细化线路的新一代精细线路印制板，极大地提高元器件集成度减小PCB板的物理空间，上述业内人士表示：“智能手机用SLP板，同样面积电子元器件承载数量可以达到HDI的两倍，在未来的智能手机中的渗透率将持续提升。”<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">除此之外，苹果在iPhone 8和iPhone X上使用类载板SLP时，就有研究机构预测，SLP的应用将彻底改变基层衬底和PCB市场。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">时至今日，随着PCB行业持续向高集成化、更轻薄化、小型化等方向演进，SLP在智能手机领域的渗透率将不断提升，对PCB材料和工艺的要求也更高。“当前，布局SLP的厂商越来越多，但是除苹果加持的鹏鼎控股已实现量产，国内其他PCB厂商的量产之路还任重道远。”上述业内人士坦言。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">据了解，PCB龙头厂商鹏鼎控股的通讯用板产品包括FPC、HDI、RPCB、SLP等多类高端PCB产品，其客户体系包括苹果、Goole、SONY、华为、OPPO、vivo等国内外品牌。据公告披露，其生产的印制电路板产品最小孔径可达 0.025mm，最小线宽可达 0.025mm，目前已形成代表更高阶制程要求的下一代PCB产品SLP的量产能力。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">作为苹果公司的FPC+SLP核心供应商，鹏鼎控股于2018年的SLP产品收入约占总营收的4%-5%，且秦皇岛募投项目SLP已部分投产，将于2021年达产。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 16px; text-align: justify;">相比鹏鼎控股在SLP领域的量产实力，内地厂商除了超声电子有部分量产能力外，中京电子是布局相对较早的一家。<span style="display:none">1oASMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="box-sizing: border-box; outline: 0px; text-size-adjust: none; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); margin: 0px 0px 15px; padding: 0px; color: rgb(80, 80, 80); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; 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