1. Executive Summary
- Overview of the Raw Wafer Industry
- Key Insights for Investors and Industry Stakeholders
2. Raw Wafer Market Overview
- Current Landscape: Memory and Logic Wafer Utilization
- Impact of Semiconductor Demand on Raw Wafer Production
3. Pricing Trends and Contract Dynamics
- Analysis of Long-Term Agreements (LTAs) and Contract Prices into 2024 and Beyond
- Spot Pricing Trends for 12″ and 8″ Wafers
- Factors Affecting Contract Compliance in the Current Cycle
4. Supply and Demand Dynamics in the Raw Wafer Industry
- Supply-Side Overview: Expansion Plans, Capacity, and Production Constraints
- Demand-Side Overview: Impact of Fab Utilization Cuts and Memory/Logic Wafer Demand
- Comparison Between Current and Previous Cycles in Supply-Demand Trends
5. ASML Capacity Inefficiency and Its Implications
- Analysis of ASML’s Comment on Capacity Inefficiency
- Reasonableness of the Additional 10% Demand on Raw Wafer Capacity
- Potential Impact on Wafer Makers and Their Expansion Plans
6. Industry Risks and Expansion Plans
- High Inventory at Fab Level: What Will Trigger Wafer Makers to Cancel Expansion?
- Potential Risks in Wafer Supply and Expansion Plans
- Outlook for Cancelations or Delays in Expansion
7. Future Outlook for the Raw Wafer Market
- Demand Forecast for Raw Wafer Utilization (2025-2035)
- Market Adjustments and Pricing Expectations
- Strategic Recommendations for Wafer Makers and Investors
8. Conclusion
- Summary of Industry Trends, Challenges, and Opportunities
- Recommendations for Wafer Industry Stakeholders and Investors
