Wafer backgrinding is an integrated process in the fabrication of semiconductor devices. Prior to the process of backgrinding, wafers are laminated by different type of backgrinding tapes to avoid surface damage in the process of backgrinding and also protect from the wafer surface contamination caused by infiltration of grinding fluid. Minimization of various semiconductor components requires the use of wafer backgrinding significantly. Therefore, with technological advancement and usage of more compact & portable devices, backgrinding has become crucial stage of wafer designing & integration. Thus, importance of wafer backgrinding in the fabrication of semiconductor requires wafer backgrinding tape for protecting wafer’s surface, which in turn fuels the market growth.

Outsourced semiconductor assembly and test refers to services offered by third-party vendors. Some of the common offerings of the companies in the market include wa fer p rocessing capability, package redesign, and characterization with thermal analysis and qualification, burn-in, life-testing, and several other techniques.

The global proximity sensors market is predicted to expand at a compounded annual growth rate (CAGR) of 7.5% during the forecast period (2018–2023) The photoelectric sensor technology segment held the largest market share (31.7%) in 2018 and is predicted to expand at the highest CAGR. The adoption of proximity sensors in the manufacturing sector is expected to be high during the forecast period, owing to the increasing demand for automation of factories. Based on regions, Europe dominated the market with a 34.8% share in 2018

The video sur veillance system have evolved from using analog sur veillance cameras and recording devices, which recorded videos on tape through VCR’s (videocassette recorders), to fully digital network-based video sur veillance system. These systems use high quality, high definition network cameras to record and store videos on servers, clouds, or DVRs (digital video recorders). DVRs have made it possible to record videos digitally. Powered with an Ethernet port, it further became possible to transmit digital videos over long distances. Some early DVR systems provided networking and monitoring at the same time, while others simply enabled monitoring of the network transmitted videos.

The lithium-ion battery (LIB) separator is an essential component of lithium-ion batteries. It provides a barrier between the anode and the cathode while allowing the movement of ions from one side to the other, and prevents electrical short circuits.  The efficiency of lithium-ion batteries is greatly affected by the material and structure of the separators. These separators are made up of polyolefins, nonwoven fabric, and ceramic materials, which can be procured easily from petrochemical plants, fiberglass industry, etc.

China has a robust industrial infrastructure, and the country garners around 40.5% of revenue from the industrial sector. The country is the largest manufacturing economy and exporter of goods across the world. It is one of the world’s fastest growing consumer markets, and it is also a leading importer of goods. The massive industrial infrastructure and policy-level support for industrial development in India and China makes Asia-Pacific a significant market for industrial batteries across the world. In 2015, the government of China launched “Made in China 2025,” a state-led industrial policy that is aimed to make China dominant in global high-tech manufacturing. The program includes the use of government subsidies, mobilization of state- owned enterprises, and persuasion of intellectual property acquisition to catch up with the western technological prowess and eventually surpass the same. In September 2014, the government of India launched the “Make in India” program, which is aimed at encouraging domestic manufacturing. The program has resulted in robust growth in FDI in the country, which increased from USD 45.15 billion in FY15 to USD 60.97 in FY18. Industrial batteries are source of electrical energy that is generated from electrochemical reactions. The industrial batteries are an important part of uninterrupted power supply (UPS) system, which are widely used for stationary or mobile applications. These batteries are used in the telecom industry, datacenters, forklifts, medical equipment, railroad signaling, and emergency lighting, among others. The various technologies used for industrial batteries include lithium-ion, lead-acid, nickel cadmium, and nickel hydride, among others. • The use of batteries in industrial sector are of paramount importance to ensure that the industrial activities do not come to a standstill when the supply of electricity is lacking. Thus, the batteries in industrial sector are largely used as backup power source.

折叠屏手机相比普通智能手机，可以突破屏占比限制，屏幕显示面积提升 50%，可以实现多任务同时操作且便携，集平板与手机的功能于一身，有望为手机厂商提供新的增长点。

公司近期发布 3 季度报告，19Q3 实现收入 94.0 亿美元，超出前期指引 91~92 亿美元区间上限，高于 Bloomberg 一致预期（2930.5 vs 2854.3亿新台币），美元口径下环比增长 21.3%，同比增长 10.7%，驱动在于智能手机和 HPC 客户新品对公司 7nm 先进制程拉动。公司 19Q3 毛利率为47.6%，高于 Bloomberg 一致预期 47.3%，环比提升 4.6 pcts，同比提升0.2 pcts，改善主要源于产能利用率提升。 

半导体设备主要用于半导体制造和封测流程，分为晶圆加工设备（核心为光刻机、刻蚀机、薄膜沉积设备）、封装设备和检测设备。2018年全球半导体设备市场达到645.5亿美元，其中大陆市场为131.1亿美元，占比20%，是全球第二大市场。随着半导体产能向大陆转移、制程和硅片尺寸升级、政策的大力支持，大陆半导体设备增长强劲。 2018年大陆半导体设备增速为46%，远高于全球的14%，是全球市场增长的主要动力。

沪指 5 日累计上涨 0.57%，深成指 5 日累计上涨 1.33%，创业板指 5日累计上涨 1.62%。申万行业口径下，通信板块周跌幅为 0.40%。

报告期内，市场整体上涨，沪深 300 指数上涨 1.44%；申万电子行业指数报告期内表现低于市场整体，下跌 1.95%，跌幅有所收窄。电子行业整体估值下降至 34.70 倍，接近最近五年均值减一倍标准差水平；整体市净率下降至 3.61 倍，处在近五年平均水平。

2019 年 10 月 12 日，国网召开泛在电力物联网建设工作推进电视电话会议；10 月 14 日，又发布了《泛在电力物联网白皮书 2019》和《国网泛在电力物联网建设典型实践案例》，明确了泛在电力物联网建设的两个阶段：通过 2019-2021 年这一战略突破期，三年攻坚，到 2021年初步建成泛在电力物联网；再通过三年提升，到 2024 年全面建成泛在电力物联网。2019 年是泛在电力物联网建设的开局之年，将在 6 大领域重点推进 27 项建设任务，确保完成全年建设目标。 

本报告期内电子板块下跌 2.92%，沪深 300 指数下跌 1.08%。年初至今，电子板块累计上涨 48.51%，沪深 300 指数累计上涨 28.52%，电子板块跑赢同期沪深 300 指数 19.99 个百分点。 

上周电子元器件行业一级指数下跌 2.8%，跑输沪深 300 指数 1.7 个百分点，在 29 个中信行业一级指数中排名靠后，位列第25 位。海外市场方面，香港和台湾科技业指数均上涨，而美国则略有下跌。本周业绩预告发布完成，三季报成为未来两周市场核心关注点。

参考国际设备厂商应用材料、ASML、TEL、KLA、Lam 等二季度业绩及ASML 三季度超预期的 EUV 新订单，5G 技术应用对先进制程工艺设备的需求拉动已经十分显著。已在国内市场上市的多款 5G 手机，采用的基带芯片均以 7nm 制程工艺为主，使得 TSMC 短期内的 16-7nm 等先进制程产能紧张，TSMC 和三星对 EUV 等工艺设备的采购需求超预期，全球半导体设备已步入整体上行趋势。 

国内政策、资本齐力牵引，区块链产业链逐渐成熟 （1）区块链监管及政策逐渐成型，创投资金大力支持；（2）传统银行及互联网产业巨头加入，区块链产业链完善，助力产业健康发展。 

10 月 24 日中央政治局集体学习区块链技术发展现状和趋势，习近平总书记强调，要把区块链作为技术自主创新的重要突破口，加大投入力度，着力攻克一批关键核心技术，加快技术和产业创新发展。