{"id":746,"date":"2025-12-03T09:57:35","date_gmt":"2025-12-03T00:57:35","guid":{"rendered":"https:\/\/www.kabutec.jp\/blog\/?p=746"},"modified":"2025-12-03T09:57:35","modified_gmt":"2025-12-03T00:57:35","slug":"%e3%83%ac%e3%83%bc%e3%82%b6%e3%83%bc%e3%83%86%e3%83%83%e3%82%af%ef%bc%9aeuv%e6%a4%9c%e6%9f%bb%e8%a3%85%e7%bd%ae%e3%81%ae%e7%8b%ac%e5%8d%a0%e7%9a%84%e7%8e%8b%e8%80%85%e3%80%81%e5%8f%97%e6%b3%a8","status":"publish","type":"post","link":"https:\/\/www.kabutec.jp\/blog\/?p=746","title":{"rendered":"\u30ec\u30fc\u30b6\u30fc\u30c6\u30c3\u30af\uff1aEUV\u691c\u67fb\u88c5\u7f6e\u306e\u72ec\u5360\u7684\u738b\u8005\u3001\u53d7\u6ce8\u6e1b\u5c11\u5f8c\u306e\u56de\u5fa9\u304c\u7126\u70b9"},"content":{"rendered":"\n<p>\u30ec\u30fc\u30b6\u30fc\u30c6\u30c3\u30af\uff086920\uff09\u306f\u3001\u534a\u5c0e\u4f53\u88fd\u9020\u306b\u4e0d\u53ef\u6b20\u306a<strong>EUV\u30de\u30b9\u30af\u691c\u67fb\u88c5\u7f6e\u3067\u4e16\u754c\u30b7\u30a7\u30a2100%\u3092\u63e1\u308b\u72ec\u5360\u7684\u5730\u4f4d\u3092\u78ba\u7acb\u3057\u3066\u3044\u308b\u30022025\u5e746\u6708\u671f\u306f\u58f2\u4e0a\u9ad82,514\u5104\u5186<\/strong>\uff08\u524d\u5e74\u6bd4+17.8%\uff09\u3001\u55b6\u696d\u5229\u76ca<strong>1,228\u5104\u5186<\/strong>\uff08\u540c+51.0%\uff09\u306811\u671f\u9023\u7d9a\u306e\u6700\u9ad8\u76ca\u3092\u9054\u6210\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u53d7\u6ce8\u9ad8\u304c\u524d\u671f\u6bd4<strong>61.4%\u6e1b<\/strong>\u306e1,052\u5104\u5186\u306b\u6025\u6e1b\u3057\u30012026\u5e746\u6708\u671f\u306f\u6e1b\u53ce\u6e1b\u76ca\u306e\u898b\u901a\u3057\u3068\u306a\u3063\u3066\u3044\u308b\u3002\u4f1a\u793e\u5074\u306f2026\u5e74\u66a6\u5e74\u304b\u3089\u306e\u53d7\u6ce8\u56de\u5fa9\u3092\u898b\u8fbc\u3093\u3067\u304a\u308a\u3001\u4e2d\u9577\u671f\u3067\u306fHigh-NA EUV\u6642\u4ee3\u306e\u672c\u683c\u5230\u6765\u304c\u6210\u9577\u3092\u518d\u52a0\u901f\u3055\u305b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u696d\u7e3e\u306f\u904e\u53bb\u6700\u9ad8\u3082\u53d7\u6ce8\u6025\u6e1b\u304c\u8ee2\u63db\u70b9\u306b<\/h2>\n\n\n\n<p>\u30ec\u30fc\u30b6\u30fc\u30c6\u30c3\u30af\u306e\u8ca1\u52d9\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306f\u3001\u904e\u53bb5\u5e74\u9593\u3067\u9a5a\u7570\u7684\u306a\u6210\u9577\u3092\u9042\u3052\u3066\u304d\u305f\u3002\u58f2\u4e0a\u9ad8\u306f2021\u5e746\u6708\u671f\u306e702\u5104\u5186\u304b\u30892025\u5e746\u6708\u671f\u306b\u306f2,514\u5104\u5186\u3078\u3068<strong>\u7d043.6\u500d<\/strong>\u306b\u62e1\u5927\u3002\u55b6\u696d\u5229\u76ca\u7387\u3082**48.9%**\u3068\u3044\u3046\u534a\u5c0e\u4f53\u88c5\u7f6e\u696d\u754c\u5c48\u6307\u306e\u9ad8\u6c34\u6e96\u3092\u9054\u6210\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\u6c7a\u7b97\u671f<\/th><th>\u58f2\u4e0a\u9ad8<\/th><th>\u55b6\u696d\u5229\u76ca<\/th><th>\u55b6\u696d\u5229\u76ca\u7387<\/th><th>\u53d7\u6ce8\u9ad8<\/th><\/tr><\/thead><tbody><tr><td>2023\u5e746\u6708\u671f<\/td><td>1,528\u5104\u5186<\/td><td>623\u5104\u5186<\/td><td>40.8%<\/td><td>1,839\u5104\u5186<\/td><\/tr><tr><td>2024\u5e746\u6708\u671f<\/td><td>2,135\u5104\u5186<\/td><td>814\u5104\u5186<\/td><td>38.1%<\/td><td>2,728\u5104\u5186<\/td><\/tr><tr><td><strong>2025\u5e746\u6708\u671f<\/strong><\/td><td><strong>2,514\u5104\u5186<\/strong><\/td><td><strong>1,228\u5104\u5186<\/strong><\/td><td><strong>48.9%<\/strong><\/td><td><strong>1,052\u5104\u5186<\/strong><\/td><\/tr><tr><td>2026\u5e746\u6708\u671f\uff08\u4e88\u60f3\uff09<\/td><td>2,000\u5104\u5186<\/td><td>850\u5104\u5186<\/td><td>42.5%<\/td><td>1,000\u301c2,700\u5104\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>\u8ee2\u63db\u70b9\u3068\u306a\u3063\u305f\u306e\u306f\u53d7\u6ce8\u9ad8\u306e\u6025\u6e1b<\/strong>\u3067\u3042\u308b\u30022025\u5e746\u6708\u671f\u306e\u53d7\u6ce8\u9ad8\u306f1,052\u5104\u5186\u3068\u524d\u671f\u6bd461.4%\u6e1b\u5c11\u3057\u305f\u3002\u4e3b\u529b\u306eACTIS\uff08EUV\u5411\u3051\u30de\u30b9\u30af\u691c\u67fb\u88c5\u7f6e\uff09\u3067\u5927\u578b\u30ad\u30e3\u30f3\u30bb\u30eb\u304c\u767a\u751f\u3057\u3001\u30a4\u30f3\u30c6\u30eb\u3084\u30b5\u30e0\u30b9\u30f3\u306e\u8a2d\u5099\u6295\u8cc7\u505c\u6ede\u3082\u97ff\u3044\u305f\u3002\u3053\u306e\u7d50\u679c\u30012026\u5e746\u6708\u671f\u306f\u58f2\u4e0a\u9ad82,000\u5104\u5186\uff08\u524d\u5e74\u6bd4\u25b220.5%\uff09\u3001\u55b6\u696d\u5229\u76ca850\u5104\u5186\uff08\u540c\u25b230.8%\uff09\u3068<strong>11\u671f\u3076\u308a\u306e\u6e1b\u53ce\u6e1b\u76ca<\/strong>\u3092\u898b\u8fbc\u3093\u3067\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u30012026\u5e746\u6708\u671f\u7b2c1\u56db\u534a\u671f\uff082025\u5e747-9\u6708\uff09\u306f\u58f2\u4e0a\u9ad8542\u5104\u5186\uff08\u524d\u5e74\u540c\u671f\u6bd4+47.5%\uff09\u3001\u55b6\u696d\u5229\u76ca267\u5104\u5186\uff08\u540c+67.9%\uff09\u3068\u4e88\u60f3\u3092\u5927\u5e45\u306b\u4e0a\u56de\u308b\u9032\u6357\u3092\u898b\u305b\u305f\u3002\u691c\u53ce\u306e\u524d\u5012\u3057\u3068AI\u95a2\u9023\u534a\u5c0e\u4f53\u5411\u3051\u9700\u8981\u304c\u5bc4\u4e0e\u3057\u3066\u304a\u308a\u3001\u901a\u671f\u898b\u901a\u3057\u306e\u4e0a\u632f\u308c\u4f59\u5730\u3082\u793a\u5506\u3055\u308c\u308b\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">EUV\u30de\u30b9\u30af\u691c\u67fb\u3067\u300c\u30c1\u30e7\u30fc\u30af\u30dd\u30a4\u30f3\u30c8\u300d\u3092\u63e1\u308b\u7af6\u4e89\u512a\u4f4d\u6027<\/h2>\n\n\n\n<p>\u30ec\u30fc\u30b6\u30fc\u30c6\u30c3\u30af\u306e\u6700\u5927\u306e\u5f37\u307f\u306f\u3001<strong>EUV\u30de\u30b9\u30af\u691c\u67fb\u88c5\u7f6e\u306b\u304a\u3051\u308b\u7d76\u5bfe\u7684\u306a\u72ec\u5360<\/strong>\u306b\u3042\u308b\u3002\u540c\u793e\u306f\u4ee5\u4e0b\u306e\u88fd\u54c1\u30ab\u30c6\u30b4\u30ea\u30fc\u3067\u4e16\u754c\u30b7\u30a7\u30a2100%\u3092\u7dad\u6301\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul>\n<li><strong>ACTIS\u30b7\u30ea\u30fc\u30ba<\/strong>\uff08EUV\u30d1\u30bf\u30fc\u30f3\u30de\u30b9\u30af\u691c\u67fb\uff09\uff1a\u4e16\u754c\u552f\u4e00\u306e\u30a2\u30af\u30c6\u30a3\u30cb\u30c3\u30af\u691c\u67fb\u6280\u8853<\/li>\n\n\n\n<li><strong>ABICS\u30b7\u30ea\u30fc\u30ba<\/strong>\uff08EUV\u30de\u30b9\u30af\u30d6\u30e9\u30f3\u30af\u30b9\u691c\u67fb\uff09\uff1a\u4f4d\u76f8\u6b20\u9665\u3092\u691c\u51fa\u3067\u304d\u308b\u552f\u4e00\u306e\u88c5\u7f6e<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u306e\u72ec\u5360\u7684\u5730\u4f4d\u306f\u300110\u5e74\u4ee5\u4e0a\u306b\u308f\u305f\u308b\u56fd\u5bb6\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\uff08NEDO\u30fbEIDEC\uff09\u3067\u306e\u6280\u8853\u84c4\u7a4d\u3068\u3001\u72ec\u81ea\u958b\u767a\u306eEUV\u5149\u6e90\u300cURASHIMA\u300d\u306b\u3088\u3063\u3066\u652f\u3048\u3089\u308c\u3066\u3044\u308b\u300213.5nm\u306e\u6975\u7aef\u7d2b\u5916\u7dda\u3092\u4f7f\u3063\u305f\u691c\u67fb\u306f\u6280\u8853\u7684\u96e3\u6613\u5ea6\u304c\u6975\u3081\u3066\u9ad8\u304f\u3001\u7af6\u5408\u306eKLA\u306f\u958b\u767a\u306b\u5927\u5e45\u306a\u9045\u5ef6\u3092\u62b1\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4e3b\u8981\u9867\u5ba2\u306fTSMC\u3001\u30a4\u30f3\u30c6\u30eb\u3001\u30b5\u30e0\u30b9\u30f3\u306e\u300c\u534a\u5c0e\u4f53\u30d3\u30c3\u30b03\u300d\u306b\u96c6\u4e2d\u3057\u3066\u3044\u308b\u3002\u3053\u308c\u3089\u306fASML\u306eEUV\u9732\u5149\u88c5\u7f6e\u3092\u5c0e\u5165\u3067\u304d\u308b\u4e16\u754c\u552f\u4e00\u306e\u5148\u7aef\u30d5\u30a1\u30a6\u30f3\u30c9\u30ea\u3067\u3042\u308a\u3001EUV\u9732\u5149\u88c5\u7f6e1\u53f0\u306b\u3064\u304d<strong>1.5\u301c2\u53f0\u306e\u691c\u67fb\u88c5\u7f6e\u304c\u5fc5\u8981<\/strong>\u3068\u306a\u308b\u69cb\u9020\u7684\u306a\u9700\u8981\u304c\u5b58\u5728\u3059\u308b\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">KLA\u3068\u306e\u7af6\u5408\u6bd4\u8f03<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\u9805\u76ee<\/th><th>\u30ec\u30fc\u30b6\u30fc\u30c6\u30c3\u30af<\/th><th>KLA Corporation<\/th><\/tr><\/thead><tbody><tr><td>\u58f2\u4e0a\u898f\u6a21<\/td><td>\u7d042,500\u5104\u5186<\/td><td>\u7d0498\u5104\u30c9\u30eb\uff088\u500d\uff09<\/td><\/tr><tr><td>\u55b6\u696d\u5229\u76ca\u7387<\/td><td>\u7d0449%<\/td><td>\u7d0438%<\/td><\/tr><tr><td>EUV\u30a2\u30af\u30c6\u30a3\u30cb\u30c3\u30af\u691c\u67fb<\/td><td><strong>100%\u30b7\u30a7\u30a2\uff08\u72ec\u5360\uff09<\/strong><\/td><td>\u958b\u767a\u4e2d\uff08\u5927\u5e45\u9045\u5ef6\uff09<\/td><\/tr><tr><td>DUV\u30de\u30b9\u30af\u691c\u67fb<\/td><td>90%\u4ee5\u4e0a<\/td><td>\u30b7\u30a7\u30a2\u5c11<\/td><\/tr><tr><td>\u30a6\u30a7\u30fc\u30cf\u691c\u67fb<\/td><td>\u53c2\u5165\u5c11<\/td><td>50-60%\u30b7\u30a7\u30a2<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>KLA\u306fR&amp;D\u4e88\u7b97\u3067\u5727\u5012\u7684\u306a\u898f\u6a21\u3092\u6301\u3064\u304c\u3001EUV\u30a2\u30af\u30c6\u30a3\u30cb\u30c3\u30af\u691c\u67fb\u3067\u306f\u300c\u30ad\u30bb\u30ce\u30f3\u30ac\u30b9\u4fa1\u683c\u306e\u9ad8\u9a30\u300d\u300c\u30cf\u30fc\u30c9\u30a6\u30a7\u30a2\u306e\u554f\u984c\u300d\u306b\u3088\u308a\u958b\u767a\u304c\u9045\u5ef6\u3057\u3066\u3044\u308b\u3002\u696d\u754c\u5c02\u9580\u5bb6\u306f\u300cKLA\u304c\u8ffd\u3044\u3064\u304f\u6642\u9593\u306f\u306a\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u300d\u3068\u6307\u6458\u3057\u3066\u304a\u308a\u3001\u5c11\u306a\u304f\u3068\u3082<strong>2027\u5e74\u307e\u3067\u306f\u72ec\u5360\u7d99\u7d9a<\/strong>\u306e\u898b\u901a\u3057\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">High-NA EUV\u6642\u4ee3\u306b\u5099\u3048\u308b\u6b21\u4e16\u4ee3\u88fd\u54c1<\/h2>\n\n\n\n<p>\u30ec\u30fc\u30b6\u30fc\u30c6\u30c3\u30af\u306f\u6b21\u4e16\u4ee3\u6280\u8853\u3078\u306e\u5bfe\u5fdc\u3092\u7740\u5b9f\u306b\u9032\u3081\u3066\u3044\u308b\u30022023\u5e7411\u6708\u306b\u767a\u8868\u3057\u305f<strong>ACTIS A300\u30b7\u30ea\u30fc\u30ba<\/strong>\u306f\u3001High-NA EUV\uff08\u958b\u53e3\u65700.55\uff09\u306b\u5bfe\u5fdc\u3057\u305f\u6700\u65b0\u6a5f\u7a2e\u3067\u3042\u308a\u3001\u30b5\u30e0\u30b9\u30f3\u3078\u306e\u7d0d\u5165\u3082\u958b\u59cb\u3055\u308c\u305f\u3002<\/p>\n\n\n\n<p>\u3055\u3089\u306b2025\u5e7410\u6708\u306b\u306f\u3001\u30b9\u30eb\u30fc\u30d7\u30c3\u30c8\u3092\u5f93\u6765\u6bd4<strong>3\u500d<\/strong>\u306b\u5411\u4e0a\u3055\u305b\u305f<strong>ACTIS A200 HiT\u30b7\u30ea\u30fc\u30ba<\/strong>\u3092\u767a\u8868\u30022024\u5e7412\u6708\u306b\u306f<strong>PELMIS\u30b7\u30ea\u30fc\u30ba<\/strong>\uff08EUV\u30da\u30ea\u30af\u30eb\u7570\u7269\u691c\u67fb\u88c5\u7f6e\uff09\u3082\u8ffd\u52a0\u3057\u3001EUV\u30de\u30b9\u30af\u691c\u67fb\u306e\u88fd\u54c1\u30e9\u30a4\u30f3\u30ca\u30c3\u30d7\u3092\u62e1\u5145\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u534a\u5c0e\u4f53\u306e\u5fae\u7d30\u5316\u30ed\u30fc\u30c9\u30de\u30c3\u30d7\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u9032\u5c55\u3059\u308b\u898b\u8fbc\u307f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\u6642\u671f<\/th><th>\u30d7\u30ed\u30bb\u30b9\u30ce\u30fc\u30c9<\/th><th>\u5bfe\u5fdc\u88c5\u7f6e<\/th><\/tr><\/thead><tbody><tr><td>2024-2025\u5e74<\/td><td>3nm\/2nm<\/td><td>ACTIS A150\uff08\u6a19\u6e96EUV\uff09<\/td><\/tr><tr><td>2026-2027\u5e74<\/td><td>A16\uff081.6nm\uff09\/A14\uff081.4nm\uff09<\/td><td>ACTIS A150\/A300<\/td><\/tr><tr><td>2028\u5e74\u4ee5\u964d<\/td><td>1nm\u4ee5\u4e0b<\/td><td>ACTIS A300\uff08High-NA\u5bfe\u5fdc\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>EUV\u30de\u30b9\u30af\u306e\u4f7f\u7528\u679a\u6570\u306f\u5fae\u7d30\u5316\u306b\u4f34\u3044\u5897\u52a0\u3059\u308b\uff085nm\u3067\u7d0410\u6570\u679a\u21923nm\u3067\u7d0420\u6570\u679a\uff09\u305f\u3081\u3001<strong>\u691c\u67fb\u9700\u8981\u306f\u69cb\u9020\u7684\u306b\u62e1\u5927<\/strong>\u3057\u3066\u3044\u304f\u3002EUV\u30de\u30b9\u30af\u691c\u67fb\u88c5\u7f6e\u5e02\u5834\u306f2022\u5e74\u306e12.5\u5104\u30c9\u30eb\u304b\u30892030\u5e74\u306b\u306f23.5\u5104\u30c9\u30eb\uff08CAGR 10.5%\uff09\u306b\u6210\u9577\u3059\u308b\u4e88\u6e2c\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u306f\u9ad8\u53ce\u76ca\u6027\u3092\u53cd\u6620<\/h2>\n\n\n\n<p>\u682a\u4fa1\u306f2025\u5e744\u6708\u306e52\u9031\u5b89\u5024<strong>10,245\u5186<\/strong>\u304b\u308911\u6708\u306e\u9ad8\u5024<strong>32,800\u5186<\/strong>\u307e\u3067\u7d043\u500d\u306e\u5909\u52d5\u3092\u898b\u305b\u305f\u3002\u73fe\u5728\u306f<strong>27,000\u301c29,000\u5186<\/strong>\u524d\u5f8c\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\u6307\u6a19<\/th><th>\u6570\u5024<\/th><th>\u8a55\u4fa1<\/th><\/tr><\/thead><tbody><tr><td>PER\uff08\u4e88\u60f3\uff09<\/td><td>28\u301c43\u500d<\/td><td>\u540c\u696d\u5e73\u5747\u3088\u308a\u3084\u3084\u9ad8\u3044<\/td><\/tr><tr><td>PBR<\/td><td>8.2\u301c8.3\u500d<\/td><td>\u904e\u53bb\u306e\u30d4\u30fc\u30af35\u500d\u304b\u3089\u5927\u5e45\u4f4e\u4e0b<\/td><\/tr><tr><td>ROE<\/td><td>40\u301c47%<\/td><td>\u696d\u754c\u30c8\u30c3\u30d7\u30af\u30e9\u30b9<\/td><\/tr><tr><td>\u914d\u5f53\u5229\u56de\u308a<\/td><td>1.1\u301c1.7%<\/td><td>\u5e74\u9593329\u5186\uff08\u914d\u5f53\u6027\u541135%\u76ee\u5b89\uff09<\/td><\/tr><tr><td>\u6642\u4fa1\u7dcf\u984d<\/td><td>\u7d042.7\u5146\u5186<\/td><td>\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u306e\u7d045\u5206\u306e1<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">\u540c\u696d\u4ed6\u793e\u6bd4\u8f03<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\u4f01\u696d<\/th><th>PER\uff08\u4e88\u60f3\uff09<\/th><th>PBR<\/th><th>ROE<\/th><\/tr><\/thead><tbody><tr><td>\u30ec\u30fc\u30b6\u30fc\u30c6\u30c3\u30af<\/td><td>28\u301c43\u500d<\/td><td>8.2\u500d<\/td><td>40\u301c47%<\/td><\/tr><tr><td>\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3<\/td><td>22\u301c31\u500d<\/td><td>5.3\u301c7.7\u500d<\/td><td>24\u301c25%<\/td><\/tr><tr><td>\u30a2\u30c9\u30d0\u30f3\u30c6\u30b9\u30c8<\/td><td>52\u301c61\u500d<\/td><td>22\u301c27\u500d<\/td><td>34\u301c45%<\/td><\/tr><tr><td>KLA Corporation<\/td><td>30\u301c35\u500d<\/td><td>N\/A<\/td><td>99%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>ROE 40%\u8d85\u306e\u9ad8\u53ce\u76ca\u6027\u3092\u8003\u616e\u3059\u308c\u3070\u3001\u73fe\u5728\u306ePBR 8\u500d\u53f0\u306f\u904e\u53bb\u306e35\u500d\u304b\u3089\u5927\u5e45\u306b\u5272\u5b89\u5316\u3057\u3066\u3044\u308b\u3002\u305f\u3060\u3057\u3001\u53d7\u6ce8\u5909\u52d5\u30ea\u30b9\u30af\u3092\u7e54\u308a\u8fbc\u3080\u3068**\u300c\u4e2d\u7acb\u301c\u3084\u3084\u5272\u9ad8\u300d<strong>\u3068\u306e\u898b\u65b9\u304c\u59a5\u5f53\u3060\u308d\u3046\u3002\u30a2\u30ca\u30ea\u30b9\u30c8\u76ee\u6a19\u682a\u4fa1\u306f10,500\u5186\u301c43,267\u5186\u3068\u5927\u304d\u304f\u5206\u6563\u3057\u3066\u304a\u308a\u3001\u5e73\u5747\u306f<\/strong>21,213\u5186**\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u6295\u8cc7\u5224\u65ad\u3092\u5de6\u53f3\u3059\u308b5\u3064\u306e\u30ea\u30b9\u30af<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1. \u534a\u5c0e\u4f53\u30b5\u30a4\u30af\u30eb\u3078\u306e\u9ad8\u4f9d\u5b58<\/h3>\n\n\n\n<p>\u58f2\u4e0a\u306e95%\u4ee5\u4e0a\u304c\u534a\u5c0e\u4f53\u95a2\u9023\u88c5\u7f6e\u3067\u3042\u308a\u3001\u9867\u5ba2\u306e\u8a2d\u5099\u6295\u8cc7\u8a08\u753b\u5909\u66f4\u304c\u696d\u7e3e\u306b\u76f4\u7d50\u3059\u308b\u3002\u88c5\u7f6e\u5358\u4fa1\u304c100\u5104\u5186\u8d85\u3068\u9ad8\u984d\u306a\u305f\u3081\u3001\u691c\u53ce\u30bf\u30a4\u30df\u30f3\u30b0\u306e\u30ba\u30ec\u3067\u56db\u534a\u671f\u696d\u7e3e\u304c\u5927\u304d\u304f\u5909\u52d5\u3059\u308b\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. \u9867\u5ba2\u96c6\u4e2d\u30ea\u30b9\u30af<\/h3>\n\n\n\n<p>TSMC\u3001\u30a4\u30f3\u30c6\u30eb\u3001\u30b5\u30e0\u30b9\u30f3\u306e3\u793e\u306b\u58f2\u4e0a\u304c\u96c6\u4e2d\u3057\u3066\u3044\u308b\u3002\u7279\u306bTSMC\u3078\u306e\u4f9d\u5b58\u5ea6\u304c\u9ad8\u304f\u3001\u540c\u793e\u306e\u6295\u8cc7\u52d5\u5411\u304c\u30ec\u30fc\u30b6\u30fc\u30c6\u30c3\u30af\u306e\u696d\u7e3e\u3092\u5de6\u53f3\u3059\u308b\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. KLA\u306e\u53c2\u5165\u8105\u5a01<\/h3>\n\n\n\n<p>KLA\u304cEUV\u30a2\u30af\u30c6\u30a3\u30cb\u30c3\u30af\u691c\u67fb\u88c5\u7f6e\u306e\u958b\u767a\u3092\u9032\u3081\u3066\u304a\u308a\u3001\u4e2d\u9577\u671f\u7684\u306a\u72ec\u5360\u7dad\u6301\u306b\u4e0d\u78ba\u5b9f\u6027\u304c\u3042\u308b\u3002\u305f\u3060\u3057\u3001\u73fe\u6642\u70b9\u3067\u306f\u6280\u8853\u5148\u884c\u6027\u3068\u7279\u8a31\u7db2\u306b\u3088\u308a\u3001\u77ed\u671f\u9593\u3067\u306e\u30b7\u30a7\u30a2\u4fb5\u98df\u306f\u56f0\u96e3\u3068\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. \u5730\u653f\u5b66\u30ea\u30b9\u30af<\/h3>\n\n\n\n<p>2023\u5e74\u306b\u65e5\u672c\u653f\u5e9c\u304cEUV\u30de\u30b9\u30af\u691c\u67fb\u88c5\u7f6e\u3092\u8f38\u51fa\u898f\u5236\u5bfe\u8c61\u306b\u6307\u5b9a\u3002\u4e2d\u56fd\u5411\u3051\u58f2\u4e0a\u6bd4\u7387\u306f15%\u304b\u30896%\u306b\u534a\u6e1b\u3057\u305f\u3002\u7c73\u4e2d\u5bfe\u7acb\u306e\u6df1\u5316\u3084\u5bfe\u4e2d\u898f\u5236\u5f37\u5316\u304c\u8ffd\u52a0\u7684\u306a\u4e8b\u696d\u30ea\u30b9\u30af\u3068\u306a\u308b\u3002\u53f0\u6e7e\u6709\u4e8b\u306e\u969b\u306f\u6700\u5927\u9867\u5ba2TSMC\u3078\u306e\u5f71\u97ff\u3092\u901a\u3058\u3066\u9593\u63a5\u7684\u30ea\u30b9\u30af\u3082\u9855\u5728\u5316\u3059\u308b\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">5. \u7a7a\u58f2\u308a\u30d5\u30a1\u30f3\u30c9\u304b\u3089\u306e\u653b\u6483<\/h3>\n\n\n\n<p>2024\u5e746\u6708\u3001\u7c73\u7a7a\u58f2\u308a\u30d5\u30a1\u30f3\u30c9\u300c\u30b9\u30b3\u30fc\u30d4\u30aa\u30f3\u30fb\u30ad\u30e3\u30d4\u30bf\u30eb\u300d\u304c334\u30da\u30fc\u30b8\u306e\u4e0d\u6b63\u4f1a\u8a08\u7591\u60d1\u30ec\u30dd\u30fc\u30c8\u3092\u516c\u8868\u3002\u30ec\u30fc\u30b6\u30fc\u30c6\u30c3\u30af\u306f\u7591\u60d1\u3092\u660e\u78ba\u306b\u5426\u5b9a\u3057\u3001\u68da\u5378\u8cc7\u7523\u5897\u52a0\u306f\u53d7\u6ce8\u5897\u306b\u4f34\u3046\u6b63\u5e38\u306a\u4e8b\u696d\u62e1\u5927\u3068\u8aac\u660e\u3057\u3066\u3044\u308b\u3002\u7a7a\u58f2\u308a\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u7d99\u7d9a\u3057\u3066\u304a\u308a\u3001\u682a\u4fa1\u306e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u3092\u9ad8\u3081\u308b\u8981\u56e0\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">2026\u5e74\u304b\u3089\u306e\u53d7\u6ce8\u56de\u5fa9\u304c\u6295\u8cc7\u5224\u65ad\u306e\u5206\u5c90\u70b9<\/h2>\n\n\n\n<p>\u30ec\u30fc\u30b6\u30fc\u30c6\u30c3\u30af\u3078\u306e\u6295\u8cc7\u5224\u65ad\u306f\u3001<strong>2026\u5e74\u66a6\u5e74\u304b\u3089\u306e\u53d7\u6ce8\u56de\u5fa9<\/strong>\u304c\u5b9f\u73fe\u3059\u308b\u304b\u3069\u3046\u304b\u306b\u304b\u304b\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u5f37\u6c17\u30b7\u30ca\u30ea\u30aa<\/strong>\u3067\u306f\u3001TSMC\u306eA16\uff081.6nm\uff09\/A14\uff081.4nm\uff09\u6295\u8cc7\u672c\u683c\u5316\u3001\u30a4\u30f3\u30c6\u30eb\u30fb\u30b5\u30e0\u30b9\u30f3\u306e\u8a2d\u5099\u6295\u8cc7\u518d\u958b\u306b\u3088\u308a\u30012027\u5e746\u6708\u671f\u306b\u58f2\u4e0a2,400\u5104\u5186\u3001\u55b6\u696d\u5229\u76ca1,100\u5104\u5186\u3078\u306e\u56de\u5fa9\u304c\u898b\u8fbc\u307e\u308c\u308b\u3002High-NA EUV\u5bfe\u5fdc\u306eACTIS 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