{"id":2568,"date":"2026-04-14T15:16:34","date_gmt":"2026-04-14T15:16:34","guid":{"rendered":"https:\/\/tetsu811.com\/?p=2568"},"modified":"2026-04-14T15:34:09","modified_gmt":"2026-04-14T15:34:09","slug":"photonic-ic-besi","status":"publish","type":"post","link":"https:\/\/tetsu811.com\/ja\/photonic-ic-besi\/","title":{"rendered":"Besi \u6df1\u5ea6\u89e3\u6790 \u2014 \u6df7\u5408\u9375\u5408\u8a2d\u5099\u7206\u767c\u5f0f\u6210\u9577"},"content":{"rendered":"<style>:root{--bg:#0b0d12;--bg-2:#141720;--card:#1a1d28;--border:#2a2d3a;--accent:#6c5ce7;--accent-2:#00d4ff;--green:#00cec9;--red:#ff6b6b;--yellow:#feca57;--orange:#ff9f43;--text:#e4e6eb;--muted:#8b8fa3}*{margin:0;padding:0;box-sizing:border-box}body{font-family:-apple-system,BlinkMacSystemFont,'Segoe UI','PingFang TC',sans-serif;background:linear-gradient(180deg,var(--bg) 0%,var(--bg-2) 100%);color:var(--text);line-height:1.75;padding:2rem 1rem}.container{max-width:1000px;margin:0 auto}nav.breadcrumb{font-size:.85rem;color:var(--muted);margin-bottom:1rem}nav.breadcrumb a{color:var(--accent-2);text-decoration:none}h1{font-size:2.2rem;margin-bottom:.3rem;background:linear-gradient(135deg,var(--accent-2),var(--accent),#ff6b9d);-webkit-background-clip:text;-webkit-text-fill-color:transparent;font-weight:800;line-height:1.2}.ticker-badge{display:inline-block;font-family:'SF Mono',monospace;font-size:.95rem;color:var(--accent-2);background:rgba(0,212,255,.1);padding:.2rem .6rem;border-radius:6px;margin-left:.5rem;vertical-align:middle}.subtitle{color:var(--muted);font-size:1rem;margin-bottom:2rem}.disclaimer{background:rgba(255,107,107,.08);border-left:3px solid var(--red);padding:.8rem 1rem;border-radius:0 8px 8px 0;margin-bottom:2rem;font-size:.85rem;color:#ffb4b4}article,section{background:var(--card);border:1px solid var(--border);border-radius:14px;padding:1.8rem;margin-bottom:1.5rem}h2{font-size:1.4rem;margin-bottom:1rem;color:var(--accent-2);border-bottom:1px solid var(--border);padding-bottom:.6rem}h3{font-size:1.1rem;margin:1.2rem 0 .5rem;color:var(--yellow)}h4{font-size:.95rem;margin:.8rem 0 .3rem;color:var(--text)}p{margin-bottom:.8rem}ul,ol{margin:.5rem 0 1rem 1.5rem}li{margin-bottom:.3rem}strong{color:var(--accent-2)}.why-box{background:rgba(108,92,231,.08);border-left:3px solid var(--accent);padding:.9rem 1.1rem;border-radius:0 8px 8px 0;margin:1rem 0;font-size:.92rem}.metrics-grid{display:grid;grid-template-columns:repeat(auto-fit,minmax(160px,1fr));gap:.8rem;margin:1rem 0}.metric{background:rgba(108,92,231,.08);border-radius:8px;padding:1rem;text-align:center}.metric .value{font-size:1.3rem;font-weight:700;color:var(--green)}.metric .label{font-size:.75rem;color:var(--muted);margin-top:.2rem}table{width:100%;border-collapse:collapse;font-size:.88rem;margin:1rem 0}th,td{padding:.7rem .8rem;text-align:left;border-bottom:1px solid var(--border)}th{color:var(--muted);font-weight:600;font-size:.78rem;text-transform:uppercase;letter-spacing:.5px;background:rgba(255,255,255,.02)}.bull-bear{display:grid;grid-template-columns:1fr 1fr;gap:1rem;margin:1rem 0}@media(max-width:700px){.bull-bear{grid-template-columns:1fr}}.bull,.bear{padding:1rem;border-radius:8px}.bull{background:rgba(0,206,201,.06);border-left:3px solid var(--green)}.bear{background:rgba(255,107,107,.06);border-left:3px solid var(--red)}.bull h4{color:var(--green)}.bear h4{color:var(--red)}.related-articles{display:grid;grid-template-columns:repeat(auto-fit,minmax(220px,1fr));gap:.8rem}.related-articles a{display:block;padding:.8rem 1rem;background:rgba(255,255,255,.03);border:1px solid var(--border);border-radius:8px;color:var(--text);text-decoration:none;font-size:.9rem;transition:all .2s}.related-articles a:hover{border-color:var(--accent);color:var(--accent-2)}.footer{text-align:center;color:var(--muted);font-size:.75rem;margin-top:2rem;padding-top:1.5rem;border-top:1px solid var(--border)}body{background:var(--bg)!important}\n.container{background:var(--bg);padding:2rem;border-radius:14px}\n.entry-content{background:var(--bg)!important}\n<\/style>\n<div class=\"container\">\n<nav class=\"breadcrumb\"><a href=\"\/ja\/photonic-ic-industry-2026\/\">\u5149\u5b50 IC \u7522\u696d\u7e3d\u89bd<\/a> &rsaquo; Besi<\/nav>\n<h1>Besi (BE Semiconductor)<span class=\"ticker-badge\">AMS: BESI \u00b7 OTC: BESIY<\/span><\/h1>\n<p class=\"subtitle\">\u6df7\u5408\u9375\u5408\u8a2d\u5099\u7206\u767c\u6210\u9577 \u00b7 \u7522\u696d\u4f4d\u7f6e\uff1aStage 3 \u5148\u9032\u5c01\u88dd<\/p>\n<div class=\"disclaimer\"><strong>\u514d\u8cac\u8072\u660e\uff1a<\/strong>\u672c\u6587\u50c5\u4f9b\u7814\u7a76\u53c3\u8003\uff0c\u4e0d\u69cb\u6210\u6295\u8cc7\u5efa\u8b70\u3002<\/div>\n<article>\n<h2>\u516c\u53f8\u6982\u89c0<\/h2>\n<p>Besi\uff08BE Semiconductor Industries\uff09\u7e3d\u90e8\u4f4d\u65bc\u8377\u862d\uff0c\u662f\u5168\u7403\u534a\u5c0e\u9ad4\u7d44\u88dd\u8a2d\u5099\u9818\u5c0e\u5ee0\u5546\u3002\u5728\u6df7\u5408\u9375\u5408\uff08Hybrid Bonding\uff09\u9019\u500b\u65b0\u8208\u7206\u767c\u9818\u57df\uff0cBesi \u8207 ASMPT \u5f62\u6210\u96d9\u982d\u58df\u65b7\u683c\u5c40\u3002<\/p>\n<div class=\"metrics-grid\">\n<div class=\"metric\">\n<div class=\"value\">\u20ac36M \u2192 \u20ac476M<\/div>\n<div class=\"label\">\u6df7\u5408\u9375\u5408\u71df\u6536 2023-2026E<\/div>\n<\/div>\n<div class=\"metric\">\n<div class=\"value\">13x<\/div>\n<div class=\"label\">\u6df7\u5408\u9375\u5408\u4e09\u5e74\u6210\u9577\u500d\u6578<\/div>\n<\/div>\n<div class=\"metric\">\n<div class=\"value\">40-55%<\/div>\n<div class=\"label\">\u9577\u671f\u71df\u696d\u5229\u76ca\u7387\u76ee\u6a19<\/div>\n<\/div>\n<div class=\"metric\">\n<div class=\"value\">\u20ac1.5-1.9B<\/div>\n<div class=\"label\">\u6df7\u5408\u9375\u5408\u9577\u671f\u71df\u6536\u76ee\u6a19<\/div>\n<\/div>\n<\/div>\n<\/article>\n<article>\n<h2>\u5c0f\u767d\u7248\uff1aBesi \u5728\u505a\u4ec0\u9ebc\uff1f<\/h2>\n<div class=\"why-box\"><strong>\u751f\u6d3b\u6bd4\u55bb\uff1a<\/strong>\u60f3\u50cf\u4f60\u8981\u628a\u5169\u7247\u6a02\u9ad8\u7a4d\u6728\u7cbe\u6e96\u5c0d\u9f4a\u9ecf\u5728\u4e00\u8d77\uff0c\u800c\u4e14\u6bcf\u4e00\u500b\u51f8\u9ede\u7684\u4f4d\u7f6e\u8aa4\u5dee\u4e0d\u80fd\u8d85\u904e\u4e00\u6839\u982d\u9aee\u7684\u5343\u5206\u4e4b\u4e00\u3002\u9019\u5c31\u662f\u300c\u6df7\u5408\u9375\u5408\u300d\u2014\u2014\u628a\u5169\u9846\u4e0d\u540c\u529f\u80fd\u7684\u6676\u7247\u76f4\u63a5\u7528\u9285\u539f\u5b50\u9ecf\u5408\u5728\u4e00\u8d77\u3002Besi \u7684\u8a2d\u5099\u5c31\u662f\u505a\u9019\u4ef6\u4e8b\u7684\u6a5f\u5668\uff0c\u7cbe\u5ea6\u9054\u5230 200 \u5948\u7c73\u3002\u70ba\u4ec0\u9ebc\u9700\u8981\u9019\u6a23\u505a\uff1f\u56e0\u70ba AI \u6676\u7247\u8981\u628a\u904b\u7b97\u6676\u7247\u548c\u5149\u5f15\u64ce\u300c\u9762\u5c0d\u9762\u8cbc\u5728\u4e00\u8d77\u300d\u624d\u80fd\u8dd1\u6700\u5feb\u3002<\/div>\n<\/article>\n<article>\n<h2>\u70ba\u4ec0\u9ebc\u6df7\u5408\u9375\u5408\u662f CPO \u8207 AI \u7684\u95dc\u9375<\/h2>\n<div class=\"why-box\"><strong>\u7269\u7406\u6975\u9650\u7684\u7a81\u7834\uff1a<\/strong>\u50b3\u7d71\u51f8\u584a\u5c01\u88dd pitch \u6975\u9650\u7d04 30-40 \u00b5m\u3002\u6df7\u5408\u9375\u5408\u63a1\u7528\u300c\u9285\u5c0d\u9285\u76f4\u63a5\u9375\u5408\u300d\u6280\u8853\uff0cpitch \u53ef\u505a\u5230 sub-10 \u00b5m\uff0c\u9023\u63a5\u5bc6\u5ea6\u63d0\u5347 10 \u500d\u4ee5\u4e0a\u3002\u9019\u662f\u5be6\u73fe HBM4 \u5806\u758a\u3001CPO \u5149\u5f15\u64ce\u6574\u5408\u30013D IC \u908f\u8f2f\u5806\u758a\u7684\u552f\u4e00\u65b9\u6848\u3002<\/div>\n<\/article>\n<article>\n<h2>\u6295\u8cc7\u8ad6\u9ede Bull vs Bear<\/h2>\n<div class=\"bull-bear\">\n<div class=\"bull\">\n<h4>\u591a\u65b9\u8ad6\u9ede<\/h4>\n<ul>\n<li>\u6df7\u5408\u9375\u5408\u662f CPO\u3001HBM4\u30013D IC \u5171\u540c\u5fc5\u9700\u8a2d\u5099<\/li>\n<li>\u5be1\u5360 + \u9ad8\u6280\u8853\u58c1\u58d8<\/li>\n<li>\u71df\u696d\u5229\u76ca\u7387 40-55% \u5728\u8a2d\u5099\u696d\u5c6c\u9802\u5c16<\/li>\n<li>\u5ba2\u6236\u6db5\u84cb TSMC\u3001Intel\u3001\u4e09\u661f\u3001Micron<\/li>\n<\/ul>\n<\/div>\n<div class=\"bear\">\n<h4>\u7a7a\u65b9\u8ad6\u9ede<\/h4>\n<ul>\n<li>\u8a55\u50f9\u5df2\u53cd\u6620\u6210\u9577\u9810\u671f<\/li>\n<li>\u8a2d\u5099\u8a02\u55ae\u5faa\u74b0\u6027<\/li>\n<li>ASMPT \u7af6\u722d\u52a0\u5287<\/li>\n<li>\u6b50\u80a1\u6d41\u52d5\u6027\u8207\u532f\u7387\u98a8\u96aa<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/article>\n<aside>\n<h2>\u76f8\u95dc\u95b1\u8b80<\/h2>\n<div class=\"related-articles\">\n<a href=\"\/ja\/photonic-ic-aixa\/\">Aixtron \u2014 MOCVD \u78ca\u6676\u8a2d\u5099\u5be1\u5360<\/a><br \/>\n<a href=\"\/ja\/photonic-ic-aehr\/\">AEHR \u2014 \u6676\u5713\u7d1a\u8001\u5316\u6e2c\u8a66<\/a><br \/>\n<a href=\"\/ja\/photonic-ic-tsm\/\">TSMC \u2014 CoWoS \u8207 SoIC \u5e73\u53f0<\/a><br \/>\n<a href=\"\/ja\/photonic-ic-industry-2026\/\">\u5149\u5b50 IC \u7522\u696d\u7e3d\u89bd<\/a>\n<\/div>\n<\/aside>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Besi\uff08AMS: BESI\uff09\u662f\u6df7\u5408\u9375\u5408\u8a2d\u5099\u5be1\u5360\u5ee0\u5546\uff0c\u70ba CPO\u3001HBM\u30013D IC \u5c01\u88dd\u6838\u5fc3\u8a2d\u5099\u3002\u6df7\u5408\u9375\u5408\u71df\u6536\u5f9e 2023 \u5e74 \u20ac36M \u7206\u767c\u6210\u9577\u81f3 2026 \u5e74\u9810\u4f30 \u20ac476M\u3002<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-2568","post","type-post","status-publish","format-standard","hentry","category-photonic-ic"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/posts\/2568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/comments?post=2568"}],"version-history":[{"count":3,"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/posts\/2568\/revisions"}],"predecessor-version":[{"id":2626,"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/posts\/2568\/revisions\/2626"}],"wp:attachment":[{"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/media?parent=2568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/categories?post=2568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/tags?post=2568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}