技術(shù)前沿：半導(dǎo)體先進(jìn)封裝從2D到3D的關(guān)鍵

半導(dǎo)體分類

集成電路封測(cè)技術(shù)水平及特點(diǎn)

1. 發(fā)展概述

·自20世紀(jì)90年代以來，集成電路封裝技術(shù)快速發(fā)展，推動(dòng)了電子產(chǎn)品向小型化和多功能方向邁進(jìn)。

·隨著芯片結(jié)構(gòu)需求的變化，封裝技術(shù)逐步從單項(xiàng)技術(shù)或混合應(yīng)用技術(shù)發(fā)展為高級(jí)封裝技術(shù)，以適應(yīng)下游領(lǐng)域的需求。

2. 按照封裝結(jié)構(gòu)分類的技術(shù)演進(jìn)

·發(fā)展歷程：
金屬圓形封裝（TO） → 雙列直插封裝（DIP） → 塑料有引線片式載體（PLCC） → 四邊引線扁平封裝（QFP） → 針柵陣列（PGA） →球柵陣列（BGA） → 芯片尺寸封裝（CSP） →多芯片組件（MCM） → 系統(tǒng)級(jí)封裝（SIP）

·技術(shù)特點(diǎn)：

oDIP（雙列直插封裝）：

§通用型插裝封裝，引腳從兩側(cè)引出。

§常用于傳統(tǒng)集成電路，結(jié)構(gòu)簡(jiǎn)單，適合通孔安裝。

oPQFP（塑料方塊平面封裝）：

§引腳間距小，管腳細(xì)。

§適用于大規(guī)模或超大規(guī)模集成電路（引腳數(shù)超過100）的封裝。

oTQFP（薄塑封四角扁平封裝）：

§節(jié)省空間，減小體積和高度。

§適用于對(duì)散熱要求較高的集成電路產(chǎn)品。

3. 按照連接方式分類的技術(shù)演進(jìn)

·引線鍵合（WB）→載帶自動(dòng)鍵合（TAB）→倒裝芯片鍵合（Flip Chip）→硅通孔（TSV）。

4. 按照裝配方式分類的技術(shù)演進(jìn)

·通孔插裝（THT）→表面組裝（SMT）→直接安裝（DCA）。

5. 傳統(tǒng)封裝與先進(jìn)封裝

·傳統(tǒng)封裝：

o代表技術(shù)：DIP、SOT、SOP等。

o優(yōu)勢(shì)：成熟工藝，成本較低。

o劣勢(shì)：體積較大，性能受限。

·先進(jìn)封裝：

o技術(shù)路徑：

1.晶圓級(jí)芯片封裝（WLCSP）：

§扇入型封裝（Fan-In）：適合單芯片小體積應(yīng)用。

§扇出型封裝（Fan-Out）：引腳密度高，性能提升。

§倒裝（Flip Chip）：提高電氣性能，適合高頻應(yīng)用。

2.系統(tǒng)級(jí)封裝（SIP）：

§將多個(gè)裸片封裝在一起，集成不同功能模塊。

§提高集成度，適用于復(fù)雜系統(tǒng)需求。

·先進(jìn)封裝的優(yōu)勢(shì)：

o更高的性能、更低的功耗。

o滿足現(xiàn)代電子產(chǎn)品的高集成化和多功能需求。

6. 國(guó)內(nèi)封測(cè)行業(yè)現(xiàn)狀

·國(guó)內(nèi)一流封測(cè)廠商已掌握多項(xiàng)先進(jìn)封裝技術(shù)。

·中小規(guī)模廠商在傳統(tǒng)封裝技術(shù)基礎(chǔ)上，不斷投入研發(fā)資源，探索先進(jìn)封裝技術(shù)。

·未來發(fā)展方向：重點(diǎn)研發(fā)晶圓級(jí)封裝與系統(tǒng)級(jí)封裝。

半導(dǎo)體封裝測(cè)試流程

半導(dǎo)體封測(cè)發(fā)展歷史

A Comprehensive Comparison of IC Packaging Interconnect Technologies
IC封裝互連技術(shù)綜合比較

INTRODUCTION介紹

When it comes toIC packageinterconnect selection, design engineers need to factor-in a host of complex issues, including cost, performance, end-use applications and much more. Two predominant technologies, Flip Chip and Wire Bonding, are popular interconnect options connecting ICs to packages or substrates.
在選擇IC 封裝互連時(shí)，設(shè)計(jì)工程師需要考慮許多復(fù)雜的問題，包括成本、性能、最終用途應(yīng)用等。倒裝芯片和引線鍵合這兩種主要技術(shù)是將 IC 連接到封裝或基板的流行互連選項(xiàng)。

Both bonding techniques play a crucial role in the fabrication and performance of electronic devices, while each presents its own unique advantages and challenges. This article compares in detail many critical factors influencing the selection of the optimal IC package interconnect option as it relates to a variety of different performance requirements.
這兩種鍵合技術(shù)在電子設(shè)備的制造和性能中都發(fā)揮著至關(guān)重要的作用，同時(shí)每種技術(shù)都有其獨(dú)特的優(yōu)勢(shì)和挑戰(zhàn)。本文詳細(xì)比較了影響最佳 IC 封裝互連選項(xiàng)選擇的許多關(guān)鍵因素，因?yàn)樗婕案鞣N不同的性能要求。

MAIN CHARACTERISTICS:主要特點(diǎn)：

Figure 1: Wirebond wires in packages. Source: K&S

圖 1：封裝中的引線鍵合線。來源：K&S

PERFORMANCE & OPTIMIZATION COMPARISON:
性能和優(yōu)化比較：

Electrical Performance:Flip Chip technology generally offers the superior electrical performance option due to its shorter interconnection lengths. This results in lower parasitic resistance, inductance, and capacitance.
電氣性能：倒裝芯片技術(shù)由于其較短的互連長(zhǎng)度，通常提供卓越的電氣性能選擇。這會(huì)降低寄生電阻、電感和電容。

Wire Bonding, while not as efficient, can still achieve good performance for many applications, especially when using design recommendations such as:
引線鍵合雖然效率不高，但仍然可以在許多應(yīng)用中實(shí)現(xiàn)良好的性能，特別是在使用以下設(shè)計(jì)建議時(shí)：

oIdentifying and optimizing critical signals
識(shí)別和優(yōu)化關(guān)鍵信號(hào)

oPaying careful attention to die pad ring design and placement
仔細(xì)注意芯片焊盤環(huán)的設(shè)計(jì)和放置

oSelecting the most suitable wire bond diameter
選擇最合適的焊線直徑

oOptimizing substrate signal path connectivity
優(yōu)化基板信號(hào)路徑連接

Thermal Performance:Flip Chip packages typically have better thermal performance due to the direct contact between chip and substrate. However, wire bonded packages can improve upon thermal performance by implementing the following:
熱性能：由于芯片和基板之間的直接接觸，倒裝芯片封裝通常具有更好的熱性能。然而，引線接合封裝可以通過實(shí)施以下措施來提高熱性能：

oAdding a thermal ball matrix in BGA packages
在 BGA 封裝中添加熱球矩陣

oIncreasing the substrate layer count
增加基材層數(shù)

oMaximizing the via count on the die attach pad
最大化芯片連接墊上的通孔數(shù)量

oBeefing up copper plane thickness
增加銅平面厚度

oEmploying heatsinks, slugs, etc.
使用散熱器、散熱片等。

oUtilizing filled vias利用填充過孔

Size & Density:Flip Chip technology allows for higher I/O density and smaller package sizes. Wire Bonding requires more space due to the need for bond pads around the chip periphery and the arc of the wire bonds. However, Wire Bonding can still achieve high density in some applications through techniques like staggered bond pad arrangements.
尺寸和密度：倒裝芯片技術(shù)可實(shí)現(xiàn)更高的 I/O 密度和更小的封裝尺寸。由于需要圍繞芯片外圍的焊盤和引線鍵合的弧度，引線鍵合需要更多的空間。然而，在某些應(yīng)用中，引線鍵合仍然可以通過交錯(cuò)鍵合焊盤排列等技術(shù)實(shí)現(xiàn)高密度。

Cost Considerations:A cost comparison between Wire Bonding and Flip Chip technology is not straight-forward. Cost comparisons can be heavily influenced by type of application, case-specific issues, and additional factors such as:
成本考慮因素：引線鍵合和倒裝芯片技術(shù)之間的成本比較并不簡(jiǎn)單。成本比較可能會(huì)受到應(yīng)用程序類型、具體案例問題以及其他因素的嚴(yán)重影響，例如：

oDie & wafer-level issues (e.g., bond pad pitch, configuration)
芯片和晶圓級(jí)問題（例如，焊盤間距、配置）

oDie cost & yield模具成本和產(chǎn)量

oType of Flip Chip bumping technology used
使用的倒裝芯片凸塊技術(shù)的類型

oPackage assembly flow封裝組裝流程

oProcess Total-Cost-of-Ownership (TCO)
流程總體擁有成本 (TCO)

oProduction volumes產(chǎn)量

Costing Overview:Wire Bonding seems the more cost-effective method for lower I/O counts and lower production volumes. In non-leading-edge applications, Wire Bonding is considered the more cost-effective of the twoIC packaginginterconnect solutions. However, Flip Chip technology becomes more the more economical option when I/O count increases and for higher production volumes; mainly due to its smaller die area, that allows for more dies per wafer at a reduced cost per unit.
成本概述：對(duì)于較少的 I/O 數(shù)量和較低的產(chǎn)量，引線鍵合似乎是更具成本效益的方法。在非前沿應(yīng)用中，引線鍵合被認(rèn)為是兩種IC 封裝互連解決方案中更具成本效益的。然而，當(dāng) I/O 數(shù)量增加且產(chǎn)量更高時(shí)，倒裝芯片技術(shù)就成為更經(jīng)濟(jì)的選擇；主要是由于其芯片面積較小，因此每個(gè)晶圓可以容納更多芯片，同時(shí)降低單位成本。

Manufacturability:When it comes to manufacturing process compatibility and ease of assembly, Wire Bonding remains the more flexible option, allowing for fewer complex design changes and faster turnaround times. Flip Chip requires more precise alignment and involves a more complex assembly process. However, in high-volume production, Flip Chip is more advantageous due to its potential for increased productivity.
可制造性：在制造工藝兼容性和組裝簡(jiǎn)易性方面，引線鍵合仍然是更靈活的選擇，可以減少?gòu)?fù)雜的設(shè)計(jì)更改并縮短周轉(zhuǎn)時(shí)間。倒裝芯片需要更精確的對(duì)準(zhǔn)，并涉及更復(fù)雜的組裝過程。然而，在大批量生產(chǎn)中，倒裝芯片由于其提高生產(chǎn)率的潛力而更具優(yōu)勢(shì)。

Reliability:When properly implemented, both technologies can achieve high reliability. Wire Bonding boasts an established history of proven reliability for a wide range of applications. Flip Chip however provides outstanding reliability, particularly in harsh environments, due to shorter interconnects and underfill. Underfills areused for mechanical stabilization and protection, compensating for material stresses and reducing coefficient of thermal expansion (CTE), in electronic assemblies, especially Flip Chips.
可靠性：如果實(shí)施得當(dāng)，這兩種技術(shù)都可以實(shí)現(xiàn)高可靠性。引線鍵合擁有在各種應(yīng)用中經(jīng)過驗(yàn)證的可靠性的悠久歷史。然而，由于更短的互連和底部填充，倒裝芯片提供了出色的可靠性，特別是在惡劣的環(huán)境中。底部填充膠用于電子組件（尤其是倒裝芯片）中的機(jī)械穩(wěn)定性和保護(hù)、補(bǔ)償材料應(yīng)力并降低熱膨脹系數(shù) (CTE)。

At a Glance Comparison:概覽比較：

USE-CASES & APPLICATIONS用例和應(yīng)用

Common Wire Bonding Applications:This basic technique is widely used in microelectronic products for a wide range of industries and applications, mainly because of its cost-efficiency, versatility and reliability:
常見引線鍵合應(yīng)用：這種基本技術(shù)廣泛應(yīng)用于各種行業(yè)和應(yīng)用的微電子產(chǎn)品，主要是因?yàn)槠涑杀拘б妗⒍喙δ苄院涂煽啃裕?/p>

oIntegrated Circuits (ICs): Wire Bonding is still the dominant technology used in connecting IC chips to packages, especially for mature process nodes (28nm and above).
集成電路 (IC)：引線鍵合仍然是連接IC 芯片與封裝的主要技術(shù)，特別是對(duì)于成熟的工藝節(jié)點(diǎn)（28 納米及以上）。

oSensors: Many sensory devices, such as pressure sensors, temperature sensors, and accelerometers, use Wire Bonding for electrical connections.
傳感器：許多傳感設(shè)備，例如壓力傳感器、溫度傳感器和加速度計(jì)，都使用引線鍵合進(jìn)行電氣連接。

oOptoelectronics: Devices like LEDs, photodiodes, and laser diodes regularly use Wire Bonding for electrical and optical signal transmission connections.
光電器件：LED、光電二極管和激光二極管等器件經(jīng)常使用引線鍵合進(jìn)行電信號(hào)和光信號(hào)傳輸連接。

oPower Devices: MOSFETs and insulated gate bipolar transistors (IGBTs) frequently use Wire Bonding for power connections.
功率器件：MOSFET 和絕緣柵雙極晶體管 (IGBT) 經(jīng)常使用引線鍵合進(jìn)行電源連接。

oMemory Devices: Many memory chips, especially those not requiring super high performance, use Wire Bonding.
存儲(chǔ)器件：許多存儲(chǔ)芯片，尤其是那些不需要超高性能的存儲(chǔ)芯片，都使用引線鍵合。

Common Flip Chip Applications:In answer to market demand for quality high-speed and high-performance package design, the most commonly used packaging solution for these more advanced applications is flip chip technology:
常見的倒裝芯片應(yīng)用：為了滿足市場(chǎng)對(duì)高質(zhì)量高速和高性能封裝設(shè)計(jì)的需求，這些更先進(jìn)的應(yīng)用最常用的封裝解決方案是倒裝芯片技術(shù)：

oHigh-Performance Processors: CPUs and GPUs for computers and servers require Flip Chip technology to achieve the highest performance and I/O density.
高性能處理器：計(jì)算機(jī)和服務(wù)器的 CPU 和 GPU 需要倒裝芯片技術(shù)來實(shí)現(xiàn)最高的性能和 I/O 密度。

oAdvanced Mobile Devices: Smartphones and tablets increasingly use Flip Chip technology in their main processors and other high-performance components.
先進(jìn)移動(dòng)設(shè)備：智能手機(jī)和平板電腦越來越多地在其主處理器和其他高性能組件中使用倒裝芯片技術(shù)。

oNetworking Equipment: High-speed routers and switches need the kind of improved electrical performance Flip Chip packaging can deliver.
網(wǎng)絡(luò)設(shè)備：高速路由器和交換機(jī)需要倒裝芯片封裝能夠提供的改進(jìn)電氣性能。

oAutomotive Electronics: Advanced driver assistance systems (ADAS) and other high-performance automotive electronics are readily adopting Flip Chip technology. See also:Automotive PCBs
汽車電子：先進(jìn)駕駛輔助系統(tǒng)（ADAS）和其他高性能汽車電子很容易采用倒裝芯片技術(shù)。另請(qǐng)參閱：汽車 PCB

oHigh-Frequency RF Devices: The shorter interconnects in Flip Chip technology make it an ideal solution for high-frequency applications in wireless communications.
高頻射頻器件：倒裝芯片技術(shù)中較短的互連使其成為無線通信中高頻應(yīng)用的理想解決方案。

EYE ON THE FUTURE著眼未來

Monitoring Future Trends:Both Wire Bonding and Flip Chip continue to evolve, with a view towards meet pressing market demand for vastly improved near-future electronic device technology.
監(jiān)控未來趨勢(shì)：引線鍵合和倒裝芯片都在不斷發(fā)展，以滿足市場(chǎng)對(duì)近期電子設(shè)備技術(shù)大幅改進(jìn)的迫切需求。

Final Thoughts:The choice between Wire Bonding and Flip Chip depends on various factors, including electrical and thermal requirements, size constraints, production volume, and cost considerations. As the electronics industry continues to demand higher performance and smaller form factors, both technologies will likely coexist, with each finding its niche in different applications and market segments.
最后的想法：引線鍵合和倒裝芯片之間的選擇取決于多種因素，包括電氣和熱要求、尺寸限制、產(chǎn)量和成本考慮。隨著電子行業(yè)不斷要求更高的性能和更小的外形尺寸，這兩種技術(shù)可能會(huì)共存，每種技術(shù)都會(huì)在不同的應(yīng)用和細(xì)分市場(chǎng)中找到自己的定位。

As the benefits of Moore’s law reach their limits, advances in chip performance rely more on the back end of production, including packaging.
隨著摩爾定律的優(yōu)勢(shì)達(dá)到極限，芯片性能的進(jìn)步更多地依賴于包括封裝在內(nèi)的生產(chǎn)后端

Semiconductor wafers are the basisof the integrated circuits so crucial to most of today’s technology. The wafers’ packaging—whether metal, plastic, ceramic, or glass—connects them to their environment and protects them from chemical contamination and damage from light, heat, and impacts. Compared with the front-end process of designing and fabricating wafers, the back-end process of packaging has been undervalued for two reasons: First, it’s still possible to package wafers using old-generation equipment. Second, packaging is mostly done by outsourced semiconductor assembly and test companies (OSATs) that compete largely based on low labor costs, rather than other sources of differentiation.

半導(dǎo)體晶圓是集成電路的基礎(chǔ)，對(duì)當(dāng)今大多數(shù)技術(shù)至關(guān)重要。晶圓的包裝（無論是金屬、塑料、陶瓷還是玻璃）將它們與環(huán)境連接起來，并保護(hù)它們免受化學(xué)污染以及光、熱和沖擊造成的損壞。與設(shè)計(jì)和制造晶圓的前端工藝相比，封裝的后端工藝被低估，原因有二：首先，仍然可以使用老一代設(shè)備來封裝晶圓。其次，封裝主要由外包半導(dǎo)體組裝和測(cè)試公司（OSAT）完成，這些公司主要基于低勞動(dòng)力成本而不是其他差異化來源進(jìn)行競(jìng)爭(zhēng)。

This model may change with the introduction of advanced packaging, which uses sophisticated technology and aggregates components from various wafers, creating a single electronic device with superior performance. Introduced around 2000, advanced packaging is now gaining significant momentum as the next breakthrough in semiconductor technology.

這種模式可能會(huì)隨著先進(jìn)封裝的引入而改變，先進(jìn)封裝使用復(fù)雜的技術(shù)并聚合來自各種晶圓的組件，創(chuàng)造出具有卓越性能的單一電子設(shè)備。先進(jìn)封裝于 2000 年左右推出，目前作為半導(dǎo)體技術(shù)的下一個(gè)突破正在獲得巨大的發(fā)展勢(shì)頭。

Advanced packaging is helping to meet the demand for semiconductors that run emerging applications now going mainstream—for example, 5G, autonomous vehicles and other Internet of Things technologies, and virtual and augmented reality. These applications require high-performance, low-power chips that can rapidly process massive quantities of data. Despite Moore’s law, which in 1965 posited that the number of transistors on a microchip would double every couple of years, node advancement is now reaching its limits. As a result, technical advances on the front end of chip manufacturing are slowing, and the economically viable maximum size of a die, and thus its performance, are becoming more limited. New approaches in back-end technology that combine multiple chips offer a promising solution. Advanced-packaging techniques that have arisen over the past two decades—including 2.5-D, 3-D, fan-out, and system-on-a-chip (SoC) packaging—promise to fill the void by supplementing the wire-bonding and flip-chip technologies of the previous half century.
先進(jìn)封裝有助于滿足對(duì)運(yùn)行現(xiàn)已成為主流的新興應(yīng)用（例如 5G、自動(dòng)駕駛汽車和其他物聯(lián)網(wǎng)技術(shù)以及虛擬和增強(qiáng)現(xiàn)實(shí)）的半導(dǎo)體的需求。這些應(yīng)用需要高性能、低功耗的芯片，能夠快速處理大量數(shù)據(jù)。盡管摩爾定律在 1965 年規(guī)定微芯片上的晶體管數(shù)量每隔幾年就會(huì)翻一番，但節(jié)點(diǎn)的進(jìn)步現(xiàn)在已經(jīng)達(dá)到了極限。因此，芯片制造前端的技術(shù)進(jìn)步正在放緩，經(jīng)濟(jì)上可行的芯片最大尺寸及其性能也變得更加有限。結(jié)合多個(gè)芯片的后端技術(shù)新方法提供了一個(gè)有前途的解決方案。過去二十年出現(xiàn)的先進(jìn)封裝技術(shù)（包括 2.5D、3D、扇出和片上系統(tǒng) (SoC) 封裝）有望通過補(bǔ)充引線鍵合來填補(bǔ)空白以及前半個(gè)世紀(jì)的倒裝芯片技術(shù)。

Because advanced packaging offers a higher-value opportunity than traditional back-end packaging, major players and fast followers (organizations that imitate competitors’ innovations) are developing and commercializing various forms of the technology to win premium customers. In this article, we describe how the market is evolving and suggest how manufacturers can take advantage of the opportunities becoming available.
由于先進(jìn)封裝提供了比傳統(tǒng)后端封裝更高價(jià)值的機(jī)會(huì)，因此主要參與者和快速追隨者（模仿競(jìng)爭(zhēng)對(duì)手創(chuàng)新的組織）正在開發(fā)各種形式的技術(shù)并將其商業(yè)化，以贏得優(yōu)質(zhì)客戶。

Key advanced-packaging technologies
先進(jìn)封裝關(guān)鍵技術(shù)

Three major advanced-packaging technologies have become commercially available since 2000, supplementing the two technologies that prevailed during the previous half century (Exhibit 1).
自 2000 年以來，三種主要的先進(jìn)封裝技術(shù)已投入商業(yè)應(yīng)用，補(bǔ)充了過去半個(gè)世紀(jì)盛行的兩種技術(shù)（圖表 1）。

Traditional packaging techniques
傳統(tǒng)包裝技術(shù)

Developed in the 1950s and still in use today, wire-bond technology is an interconnection technique that attaches the printed circuit board (PCB) to the die—the silicon square that contains the integrated circuit—using solder balls and thin metal wires. It requires less space than packaged chips and can connect relatively distant points, but it can fail in high temperatures, high humidity, and temperature cycling, and each bond must be formed sequentially, which adds complexity and can slow manufacturing. The wire-bonding market is expected to be valued at about $16 billion by 2031, with a CAGR of 2.9 percent.
引線鍵合技術(shù)開發(fā)于 20 世紀(jì) 50 年代，至今仍在使用，它是一種互連技術(shù)，使用焊球和細(xì)金屬線將印刷電路板 (PCB) 連接到芯片（包含集成電路的硅方塊）。它比封裝芯片需要更少的空間，并且可以連接相對(duì)較遠(yuǎn)的點(diǎn)，但它可能會(huì)在高溫、高濕度和溫度循環(huán)中失效，并且每個(gè)鍵必須順序形成，這增加了復(fù)雜性并會(huì)減慢制造速度。預(yù)計(jì)到 2031 年，引線鍵合市場(chǎng)價(jià)值將達(dá)到約 160 億美元，復(fù)合年增長(zhǎng)率為 2.9%。

The first major evolution in packaging technology came in the mid-1990s with flip chips, which use a face-down die, the entire surface area of which is used for interconnection through solder “bumps” that bond the PCB with the die. This results in a smaller form factor, or hardware size, and a higher signal-propagation rate—that is, faster movement of signals from the transmitter to the receiver. Flip-chip packaging is the most common and lowest-cost technology currently in use, mainly for central processing units, smartphones, and radio-frequency system-in-package solutions. Flip chips allow for smaller assembly and can handle higher temperatures, but they must be mounted on very flat surfaces and are not easy to replace. The current flip-chip market is around $27 billion, with a projected CAGR of 6.3 percent, which should bring it to $45 billion by 2030.

封裝技術(shù)的第一次重大發(fā)展出現(xiàn)在 20 世紀(jì) 90 年代中期的倒裝芯片中，它使用面朝下的芯片，其整個(gè)表面區(qū)域用于通過將 PCB 與芯片粘合的焊料“凸塊”進(jìn)行互連。這導(dǎo)致更小的外形尺寸或硬件尺寸以及更高的信號(hào)傳播速率，即信號(hào)從發(fā)射器到接收器的更快移動(dòng)。倒裝芯片封裝是目前使用最常見、成本最低的技術(shù)，主要用于中央處理器、智能手機(jī)和射頻系統(tǒng)級(jí)封裝解決方案。倒裝芯片允許更小的組裝并且可以承受更高的溫度，但它們必須安裝在非常平坦的表面上并且不容易更換。當(dāng)前倒裝芯片市場(chǎng)規(guī)模約為 270 億美元，預(yù)計(jì)復(fù)合年增長(zhǎng)率為 6.3%，到 2030 年將達(dá)到 450 億美元.

Wafer-level packaging晶圓級(jí)封裝

While traditional packaging “dices” the silicon wafer into individual chips first and then attaches the chips to the PCB and builds the electrical connections, wafer-level packaging makes the electrical connections and molding at the wafer level, then dices the chips using a laser. The greatest difference between wafer-level chip-scale packaging (WLCSP) and flip chips in terms of chip configuration is that WLCSPs have no substrate between the die and the PCB. Instead, redistribution layers (RDLs) replace the substrate, leading to a smaller package and enhanced thermal conduction.
傳統(tǒng)封裝首先將硅晶圓“切割”成單獨(dú)的芯片，然后將芯片附著到 PCB 上并建立電氣連接，而晶圓級(jí)封裝則在晶圓級(jí)進(jìn)行電氣連接和成型，然后使用激光切割芯片。晶圓級(jí)芯片級(jí)封裝 (WLCSP) 和倒裝芯片在芯片配置方面的最大區(qū)別在于，WLCSP 的芯片和 PCB 之間沒有基板。相反，重新分布層 (RDL) 取代了基板，從而縮小了封裝并增強(qiáng)了導(dǎo)熱性。

Wafer-level packaging is divided into two types: fan-in and fan-out. In fan-in wafer-level packaging, used mainly for low-end mobile phones that require rudimentary technology, the RDLs are routed toward the center of the die. In the fan-out version, which was introduced in 2007, the RDL and solder balls exceed the size of the die, so the chip can have more inputs and outputs while maintaining a thin profile.3Fan-out packaging comes in three types: core, high density, and ultrahigh density. Core, which is used mostly for automotive and network applications that don’t require high-end technology—such as radio frequency and infotainment chips—accounts for less than 20 percent of the almost $1.5 billion fan-out packaging market. High and ultrahigh density are mostly used for mobile applications and are expected to expand to some network and high-performance computing applications. The world’s largest maker of WLCSPs is the Taiwan Semiconductor Manufacturing Company (TSMC).
晶圓級(jí)封裝分為扇入型和扇出型兩種。在主要用于需要基本技術(shù)的低端手機(jī)的扇入式晶圓級(jí)封裝中，RDL 被布線到芯片的中心。在 2007 年推出的扇出版本中，RDL 和焊球超出了芯片的尺寸，因此芯片可以擁有更多的輸入和輸出，同時(shí)保持薄型。3扇出封裝分為三種類型：核心封裝、高密度封裝和超高密度封裝。核心主要用于不需要高端技術(shù)（例如射頻和信息娛樂芯片）的汽車和網(wǎng)絡(luò)應(yīng)用，在近 15 億美元的扇出封裝市場(chǎng)中所占比例不到 20%。高密度和超高密度主要用于移動(dòng)應(yīng)用，預(yù)計(jì)將擴(kuò)展到一些網(wǎng)絡(luò)和高性能計(jì)算應(yīng)用。全球最大的 WLCSP 制造商是臺(tái)灣積體電路制造公司 (TSMC)。

The past decade saw the development of stacked WLCSP, which allows for multiple integrated circuits in the same package and is used for both heterogeneous bonding, which integrates logic and memory chips, and memory-chip stacking. In 2.5-D stacking, two or more chips are laid side by side with an interposer connecting one die to another. There are several categories of 2.5-D stacking, based on the kind of interposer it uses:
過去十年見證了堆疊式 WLCSP 的發(fā)展，它允許在同一封裝中集成多個(gè)集成電路，并可用于集成邏輯和存儲(chǔ)芯片的異構(gòu)鍵合以及存儲(chǔ)芯片堆疊。在 2.5 維堆疊中，兩個(gè)或多個(gè)芯片并排放置，并通過中介層將一個(gè)芯片連接到另一個(gè)芯片。根據(jù)所使用的中介層類型，2.5 維堆疊可分為多種類別：

·Silicon interposers are the only type that requires TSV, or through-silicon via—a vertical electrical connection that passes through the silicon die or wafer. Silicon interposers use a stable technology that has been on the market for more than ten years, but the cost of silicon is high and requires front-end technology and manufacturing capability. TSMC’s CoWoS-S (chip on wafer on substrate) dominates the market.
硅中介層是唯一需要 TSV 或硅通孔（一種穿過硅芯片或晶圓的垂直電氣連接）的類型。硅中介層采用的是已經(jīng)上市十多年的穩(wěn)定技術(shù)，但硅的成本較高，并且需要前端技術(shù)和制造能力。臺(tái)積電的CoWoS-S（基板上晶圓芯片）占據(jù)市場(chǎng)主導(dǎo)地位。

·Silicon bridges are relatively new. Because they use smaller amounts of silicon than traditional silicon interposers, they are thinner, which reduces power consumption and increases design flexibility. Their advantage over traditional silicon interposers is that they can enable more advanced system-level integration, so they are used for high-performance computing (HPC) such as AI. Representative technologies include Intel’s EMIB (embedded multi-die interconnect bridge) and TSMC’s CoWoS-L.
硅橋相對(duì)較新。由于它們比傳統(tǒng)硅中介層使用更少的硅，因此更薄，從而降低了功耗并提高了設(shè)計(jì)靈活性。與傳統(tǒng)硅中介層相比，它們的優(yōu)勢(shì)在于可以實(shí)現(xiàn)更先進(jìn)的系統(tǒng)級(jí)集成，因此它們用于人工智能等高性能計(jì)算（HPC）。代表性技術(shù)包括英特爾的EMIB（嵌入式多芯片互連橋）和臺(tái)積電的CoWoS-L。

·Redistribution layers can also function as interposers. The greatest strength of this technology is that the photolithography process that creates RDLs allows for fine patterning, which improves speed gain and heat dissipation. TSMC’s CoWoS-R (chip-on-wafer-on-substrate RDL) is set to begin mass-volume production.
重新分布層也可以充當(dāng)中介層。該技術(shù)的最大優(yōu)勢(shì)在于，創(chuàng)建 RDL 的光刻工藝可實(shí)現(xiàn)精細(xì)圖案化，從而提高速度增益和散熱。臺(tái)積電的 CoWoS-R（晶圓上芯片 RDL）即將開始量產(chǎn)。

·Glass is also rising as a next-generation material for interposers. It offers low cost and low power loss in high-frequency bandwidths, but it may not be marketable for some time.
玻璃也正在成為下一代中介層材料。它在高頻帶寬中提供低成本和低功耗，但可能在一段時(shí)間內(nèi)無法上市。

In 3-D stacking, multiple chips are placed face down on top of one another, with or without an interposer. There are two main types of 3-D stacking. The most common type is TSV with micro-bumps (μ-bumps). The newer alternative, bumpless hybrid bonding, forms interconnections using a dielectric bond and embedded metal; it is just being explored by memory players.

在 3D 堆疊中，多個(gè)芯片面朝下堆疊在一起，無論有或沒有中介層。3D 堆疊有兩種主要類型。最常見的類型是帶有微凸塊（μ 凸塊）的 TSV。較新的替代方案是無凸點(diǎn)混合鍵合，使用電介質(zhì)鍵合和嵌入式金屬形成互連；它只是被記憶玩家探索而已。

How will the market evolve?

市場(chǎng)將如何發(fā)展？

The advanced-packaging market is driven by the end applications of its various technologies (Exhibit 2). Since the mid-2010s, fan-out wafer-level packaging has dominated, with about 60 percent market share. Fan-out packaging is cheaper than stacking and is engineered for high heat resistance and a small form factor. These attributes make it appropriate for mobile applications, which are likely to generate most of its demand.
先進(jìn)封裝市場(chǎng)由各種技術(shù)的最終應(yīng)用驅(qū)動(dòng)（圖表 2）。自 2010 年代中期以來，扇出晶圓級(jí)封裝占據(jù)主導(dǎo)地位，占據(jù)約 60% 的市場(chǎng)份額。扇出封裝比堆疊封裝更便宜，并且專為高耐熱性和小外形而設(shè)計(jì)。這些屬性使其適合移動(dòng)應(yīng)用程序，而移動(dòng)應(yīng)用程序可能會(huì)產(chǎn)生大部分需求。

Apple uses fan-out advanced packaging for its application processors, graphic chips, and 5G and 6G modem chips. It is the largest user of the technology, consuming most of the volume produced by TSMC. Other top fabless players—that is, companies that design and sell hardware and chips but outsource their manufacture—are also using fan-out technology in mass-produced chips.
蘋果公司的應(yīng)用處理器、圖形芯片以及 5G 和 6G 調(diào)制解調(diào)器芯片采用扇出先進(jìn)封裝。它是該技術(shù)的最大用戶，消耗了臺(tái)積電生產(chǎn)的大部分產(chǎn)量。其他頂級(jí)無晶圓廠廠商——即設(shè)計(jì)和銷售硬件和芯片但外包制造的公司——也在批量生產(chǎn)的芯片中使用扇出技術(shù)。

Most of the growth in HPC and network applications is likely to come from AI chips, edge computing, and network chips in consumer devices, which require the small form factor and affordable cost that fan-out packaging can offer.
HPC 和網(wǎng)絡(luò)應(yīng)用的大部分增長(zhǎng)可能來自消費(fèi)設(shè)備中的人工智能芯片、邊緣計(jì)算和網(wǎng)絡(luò)芯片，這些芯片需要扇出封裝能夠提供的小外形尺寸和可承受的成本。

The most likely driver of growth in 2.5-D stacking could be HPC applications, which are in high demand for data centers. Although less than 20 percent of data-center capacity used 2.5-D stacking in 2022, the rate could increase to 50 percent in the next five years. For mobile applications, 2.5-D packaging is considered too costly, but this may change with the arrival of the next generation, which will feature less expensive silicon bridges, RDLs, and glass interposers.
2.5 維堆疊增長(zhǎng)最有可能的推動(dòng)力可能是 HPC 應(yīng)用程序，數(shù)據(jù)中心對(duì) HPC 應(yīng)用程序的需求很高。盡管到 2022 年，只有不到 20% 的數(shù)據(jù)中心容量使用 2.5 維堆疊，但這一比例在未來五年內(nèi)可能會(huì)增加到 50%。對(duì)于移動(dòng)應(yīng)用，2.5D 封裝被認(rèn)為成本太高，但隨著下一代的到來，這種情況可能會(huì)改變，下一代封裝將采用更便宜的硅橋、RDL 和玻璃中介層。

For 3-D packaging, memory—the dominant application for 3-D stacking—and SoC use are expected to grow at a CAGR of roughly 30 percent. Increasingly, 3-D stacked memory is being incorporated with logic chips for high-performance products that require high bandwidth, including high-bandwidth memory (HBM) and processing in memory with HBM (PIM-HBM). Substantial demand for 3-D stacked memory will likely come from data-center servers, which require high capacity and high speed, and graphics accelerators and network devices, which require the maximum possible bandwidth for memory and processing.
對(duì)于 3D 封裝、內(nèi)存（3D 堆疊的主要應(yīng)用）和 SoC 的使用預(yù)計(jì)將以大約 30% 的復(fù)合年增長(zhǎng)率增長(zhǎng)。3D 堆疊存儲(chǔ)器越來越多地與需要高帶寬的高性能產(chǎn)品的邏輯芯片相結(jié)合，包括高帶寬存儲(chǔ)器 (HBM) 和采用 HBM 的存儲(chǔ)器處理 (PIM-HBM)。對(duì) 3D 堆棧內(nèi)存的大量需求可能來自需要高容量和高速度的數(shù)據(jù)中心服務(wù)器，以及需要盡可能大的內(nèi)存和處理帶寬的圖形加速器和網(wǎng)絡(luò)設(shè)備。

HPC systems, specifically CPUs, will drive demand for 3-D SoC chips. Major players started adopting hybrid bonding in 2022, and fast followers may join the market soon. OSATs, lower-tier foundries, and integrated device manufacturers (IDMs) are unlikely to enter the market, given the high technology barrier.
HPC 系統(tǒng)，特別是 CPU，將推動(dòng)對(duì) 3D SoC 芯片的需求。主要參與者于 2022 年開始采用混合粘合，快速追隨者可能很快就會(huì)加入市場(chǎng)。鑒于技術(shù)壁壘較高，OSAT、低端代工廠和集成設(shè)備制造商 (IDM) 不太可能進(jìn)入該市場(chǎng)。

Key market-winning capabilities
贏得市場(chǎng)的關(guān)鍵能力

Market growth relies heavily on end customers, such as automotive OEMs and home appliance manufacturers. More end customers are seeking advanced-packaging providers because of the growing need for fast, reliable computing for applications such as autonomous vehicles. For semiconductor manufacturers—especially logic IDMs and foundries—advanced packaging could be a key selling point.
市場(chǎng)增長(zhǎng)很大程度上依賴于最終客戶，例如汽車原始設(shè)備制造商和家電制造商。由于自動(dòng)駕駛汽車等應(yīng)用對(duì)快速、可靠計(jì)算的需求不斷增長(zhǎng)，越來越多的最終客戶正在尋求先進(jìn)的封裝提供商。對(duì)于半導(dǎo)體制造商（尤其是邏輯 IDM 和代工廠）而言，先進(jìn)封裝可能是一個(gè)關(guān)鍵賣點(diǎn)。

More end customers are seeking advanced-packaging providers because of the growing need for fast, reliable computing for applications such as autonomous vehicles.
由于自動(dòng)駕駛汽車等應(yīng)用對(duì)快速、可靠計(jì)算的需求不斷增長(zhǎng)，越來越多的最終客戶正在尋求先進(jìn)的封裝提供商。

To acquire and retain high-value fabless customers, manufacturers need to be comfortable codeveloping advanced-packaging solutions. While fabless players take full ownership of the chip-planning process before at-scale production begins, there is room for manufacturers to add value. Joint development often occurs during the chip-architecture design stage and initial shuttle runs for design validation (Exhibit 3). The need for such cooperation is expected to increase because of the demand for higher-performance chips and the increased complexity of chip designs created by packaging.
為了獲得并留住高價(jià)值的無晶圓廠客戶，制造商需要輕松地共同開發(fā)先進(jìn)封裝解決方案。盡管無晶圓廠廠商在大規(guī)模生產(chǎn)開始之前完全掌控了芯片規(guī)劃流程，但制造商仍有增加價(jià)值的空間。聯(lián)合開發(fā)通常發(fā)生在芯片架構(gòu)設(shè)計(jì)階段和用于設(shè)計(jì)驗(yàn)證的初始穿梭運(yùn)行期間（圖表 3）。由于對(duì)更高性能芯片的需求以及封裝帶來的芯片設(shè)計(jì)復(fù)雜性的增加，預(yù)計(jì)這種合作的需求將會(huì)增加。

In 2016, TSMC released innovative integrated fan-out (InFO) wafer-level systems, mainly for wireless applications, in close collaboration with its lead customer. More recently, derivatives of that, such as InFO AiP (antenna in package) and InFO PoP (package on package), have been released to expand into other applications for networking and HPC.
2016年，臺(tái)積電與其主要客戶密切合作，發(fā)布了創(chuàng)新的集成扇出（InFO）晶圓級(jí)系統(tǒng)，主要用于無線應(yīng)用。最近，InFO AiP（封裝內(nèi)天線）和 InFO PoP（封裝上封裝）等衍生產(chǎn)品已發(fā)布，可擴(kuò)展到網(wǎng)絡(luò)和 HPC 的其他應(yīng)用。

Fast followers may have a hard time catching up with market leaders, because huge technology investments would be required to assure customers of the volume to support products. In addition, although fast followers may have R&D-level packaging technology for fan-out and 2.5-D, they have little or no production experience, which is essential for high production yield. To overcome this, packaging players would need to acquire anchor customers from the initial stages of development. Positioning their companies as willing to help manufacture products for advanced packaging from the design stage would be key to acquiring customers.
快速追隨者可能很難趕上市場(chǎng)領(lǐng)導(dǎo)者，因?yàn)樾枰揞~技術(shù)投資才能向客戶保證支持產(chǎn)品的數(shù)量。此外，盡管快速追隨者可能擁有扇出和2.5D的研發(fā)級(jí)封裝技術(shù)，但他們幾乎沒有或根本沒有生產(chǎn)經(jīng)驗(yàn)，而這對(duì)于高生產(chǎn)良率至關(guān)重要。為了克服這個(gè)問題，包裝企業(yè)需要從發(fā)展的初始階段就獲得固定客戶。將他們的公司定位為愿意從設(shè)計(jì)階段幫助制造先進(jìn)封裝產(chǎn)品將是獲取客戶的關(guān)鍵。

Advanced packaging requires changes in the architecture of end-user software and hardware, so packaging design should be considered during the initial architecture stage, when support from back-end providers can lower the burden of adopting advanced packaging. Once a customer selects an advanced-packaging vendor, it will likely commit to that vendor for future projects as well.
先進(jìn)封裝需要改變最終用戶軟件和硬件的架構(gòu)，因此應(yīng)在初始架構(gòu)階段考慮封裝設(shè)計(jì)，此時(shí)后端提供商的支持可以減輕采用先進(jìn)封裝的負(fù)擔(dān)。一旦客戶選擇了先進(jìn)封裝供應(yīng)商，他們很可能也會(huì)在未來的項(xiàng)目中選擇該供應(yīng)商。

To acquire design capabilities, companies can partner with or invest in a design house. Design houses play a critical role across the entire chip-making process, from intellectual-property (IP) development to design and production. Additionally, owning an IP pool can help customers meet their design needs quickly and allow them to avoid redundant designs and resources. Design houses should be able to offer front- and back-end services. Front-end services include register-transfer-level design and high-level description of the functions required; back-end design includes logic testing and place and route.
為了獲得設(shè)計(jì)能力，公司可以與設(shè)計(jì)公司合作或投資設(shè)計(jì)公司。設(shè)計(jì)公司在從知識(shí)產(chǎn)權(quán) (IP) 開發(fā)到設(shè)計(jì)和生產(chǎn)的整個(gè)芯片制造過程中發(fā)揮著關(guān)鍵作用。此外，擁有IP池可以幫助客戶快速滿足他們的設(shè)計(jì)需求，并讓他們避免冗余的設(shè)計(jì)和資源。設(shè)計(jì)公司應(yīng)該能夠提供前端和后端服務(wù)。前端服務(wù)包括寄存器傳輸級(jí)設(shè)計(jì)和所需功能的高層描述；后端設(shè)計(jì)包括邏輯測(cè)試和布局布線。

Another potentially important value proposition for the chip manufacturer is securing design capabilities and providing turnkey solutions—from design to wafer manufacturing, packaging, and testing. This type of offering provides customers with a one-stop shop.
對(duì)于芯片制造商來說，另一個(gè)潛在的重要價(jià)值主張是確保設(shè)計(jì)能力并提供從設(shè)計(jì)到晶圓制造、封裝和測(cè)試的交鑰匙解決方案。此類產(chǎn)品為客戶提供一站式服務(wù)。

In terms of manufacturing, the two key technological capabilities manufacturers need to master for 2.5-D and 3-D packaging are, respectively, interposers and hybrid bonding. For 2.5-D, manufacturers must be able to handle emerging interposer solutions using novel materials and manufacturing methodologies, including silicon, RDL, and glass. For 3-D, the latest technology, hybrid bonding, requires chemical mechanical planarization to polish various substances with equal flatness and prevent dishing, as well as high interconnect accuracy through disk-to-wafer capabilities in both equipment and know-how.
在制造方面，2.5D和3D封裝制造商需要掌握的兩項(xiàng)關(guān)鍵技術(shù)能力分別是中介層和混合鍵合。對(duì)于 2.5D，制造商必須能夠使用新型材料和制造方法（包括硅、RDL 和玻璃）來處理新興中介層解決方案。對(duì)于 3D 技術(shù)，混合鍵合需要化學(xué)機(jī)械平坦化，以相同的平坦度拋光各種物質(zhì)并防止凹陷，以及通過設(shè)備和技術(shù)中的磁盤到晶圓功能實(shí)現(xiàn)高互連精度。

Implications for manufacturers
對(duì)制造商的影響

Key players in advanced packaging include logic and memory IDMs, foundries with leading or mature node capabilities, and OSATs. Exhibit 4 shows the capabilities currently handled by first movers and fast followers.
先進(jìn)封裝的主要參與者包括邏輯和存儲(chǔ)器 IDM、具有領(lǐng)先或成熟節(jié)點(diǎn)能力的代工廠以及 OSAT。圖表 4 顯示了先行者和快速追隨者當(dāng)前所具備的能力。

First movers先行者

First movers have entered the market and are in mass-volume production based on their logic-packaging capabilities. They are actively developing use cases with existing customers and applying cutting-edge advanced-packaging technologies. While these major players are advanced in R&D and manufacturing, they may seek partnerships with followers to stabilize volume as they face rapidly expanding demand.
先行者已經(jīng)進(jìn)入市場(chǎng)，并基于其邏輯封裝能力進(jìn)行批量生產(chǎn)。他們正在積極與現(xiàn)有客戶一起開發(fā)用例并應(yīng)用尖端的先進(jìn)封裝技術(shù)。雖然這些主要參與者在研發(fā)和制造方面處于領(lǐng)先地位，但在面臨快速增長(zhǎng)的需求時(shí)，他們可能會(huì)尋求與追隨者合作以穩(wěn)定產(chǎn)量。

First movers are in mass-volume production based on their logic-packaging capabilities. While these players are advanced in R&D and manufacturing, they may seek partnerships with followers to stabilize volume as they face rapidly expanding demand.
先行者憑借其邏輯封裝能力實(shí)現(xiàn)了大批量生產(chǎn)。盡管這些企業(yè)在研發(fā)和制造方面處于領(lǐng)先地位，但在面臨快速增長(zhǎng)的需求時(shí)，他們可能會(huì)尋求與追隨者的合作伙伴關(guān)系來穩(wěn)定產(chǎn)量。

Fast followers快速追隨者

Many fast followers are striving to take a share of the advanced-packaging market but have not mastered the design or manufacturing capabilities or built a sufficient customer base, especially for high-end solutions.
許多快速追隨者正在努力搶占先進(jìn)封裝市場(chǎng)的份額，但尚未掌握設(shè)計(jì)或制造能力，也沒有建立足夠的客戶群，尤其是高端解決方案。

Foundries that have mature node capability but lack advanced packaging could benefit substantially from finding synergies within their current product portfolios. While advanced logic chips with nodes smaller than ten nanometers have the greatest need for advanced packaging, it is critical for fast followers to find opportunities to capture the mature-node market. Some of the areas where advanced packaging can be adapted to enhance the performance of mature-node legacy chips are radio-frequency transceiver chips for network applications, advanced driver-assist systems (ADAS), and infotainment chips for automotive applications.
擁有成熟節(jié)點(diǎn)能力但缺乏先進(jìn)封裝的代工廠可以從當(dāng)前產(chǎn)品組合中尋找協(xié)同效應(yīng)中獲益匪淺。雖然節(jié)點(diǎn)小于十納米的先進(jìn)邏輯芯片對(duì)先進(jìn)封裝的需求最大，但對(duì)于快速追隨者來說，尋找機(jī)會(huì)占領(lǐng)成熟節(jié)點(diǎn)市場(chǎng)至關(guān)重要?？梢圆捎孟冗M(jìn)封裝來增強(qiáng)成熟節(jié)點(diǎn)傳統(tǒng)芯片性能的一些領(lǐng)域包括用于網(wǎng)絡(luò)應(yīng)用的射頻收發(fā)器芯片、高級(jí)駕駛員輔助系統(tǒng) (ADAS) 以及用于汽車應(yīng)用的信息娛樂芯片。

Another option is to partner with logic providers to develop design and manufacturing solutions for specific applications that use both mature and leading-edge nodes. The feasibility of this tactic would largely depend on the end-application demand and logic providers’ needs.
另一種選擇是與邏輯提供商合作，為使用成熟和領(lǐng)先節(jié)點(diǎn)的特定應(yīng)用開發(fā)設(shè)計(jì)和制造解決方案。這種策略的可行性在很大程度上取決于最終應(yīng)用程序的需求和邏輯提供商的需求。

OSATsOSAT

OSATs’ capabilities in the high-end advanced-packaging market are limited. Rather than trying to compete directly with high-end solutions, they can offer comparatively low-end solutions or seek to collaborate in certain value-chain areas with players capable of high-end advanced packaging. Leading OSATs are actively investing to expand the range of advanced packaging they offer. Some can already handle core and HD-level fan-out packaging, but 2.5-D and 3-D stacking mainly remain in R&D.
OSAT 在高端先進(jìn)封裝市場(chǎng)的能力有限。他們可以提供相對(duì)低端的解決方案，或者尋求在某些價(jià)值鏈領(lǐng)域與具有高端先進(jìn)封裝能力的廠商合作，而不是試圖與高端解決方案直接競(jìng)爭(zhēng)。領(lǐng)先的 OSAT 正在積極投資以擴(kuò)大其提供的先進(jìn)封裝的范圍。有些已經(jīng)可以處理核心和高清級(jí)扇出封裝，但 2.5 維和 3 維堆疊主要仍處于研發(fā)階段。

Another option for OSATs is to partner with players capable of 2.5-D and 3-D stacking. While these partners work on core processes—including through-silicon via, RDL lithography, and hybrid bonding—the OSATs could offer solutions for the mid- to back-end processes, including wafer thinning and bumping.
OSAT 的另一個(gè)選擇是與能夠進(jìn)行 2.5-D 和 3-D 堆疊的廠商合作。雖然這些合作伙伴致力于核心工藝（包括硅通孔、RDL 光刻和混合鍵合），但 OSAT 可以為中后端工藝（包括晶圓減薄和凸點(diǎn)）提供解決方案。

Although foundries and IDMs are developing advanced-packaging capabilities, they will likely use advanced packaging only to attract high-end customers that require state-of-the-art technology and, therefore, will not disrupt the entire OSAT business. They are not expected to expand into core and fan-out advanced packaging, given the significant differences in operating margin compared with front-end manufacturing, though they may make the leap into more profitable advanced 2.5-D or 3-D packaging.
盡管代工廠和 IDM 正在開發(fā)先進(jìn)封裝能力，但他們可能只會(huì)使用先進(jìn)封裝來吸引需要最先進(jìn)技術(shù)的高端客戶，因此不會(huì)擾亂整個(gè) OSAT 業(yè)務(wù)。鑒于運(yùn)營(yíng)利潤(rùn)率與前端制造相比存在顯著差異，預(yù)計(jì)它們不會(huì)擴(kuò)展到核心和扇出先進(jìn)封裝領(lǐng)域，盡管它們可能會(huì)進(jìn)軍利潤(rùn)更高的先進(jìn) 2.5-D 或 3-D 封裝領(lǐng)域。

Memory IDMs內(nèi)存 IDM

Logic capability is essential for advanced packaging, but 3-D stacking technology can still present opportunities for memory IDMs, as top players are using it to enhance performance in memory chips that include basic-level logic chips. IDM players can also differentiate themselves by using the technology to customize memory for key clients’ advanced-packaging chips.
邏輯能力對(duì)于先進(jìn)封裝至關(guān)重要，但 3D 堆疊技術(shù)仍然可以為內(nèi)存 IDM 提供機(jī)會(huì)，因?yàn)轫敿?jí)廠商正在使用它來增強(qiáng)包括基礎(chǔ)級(jí)邏輯芯片在內(nèi)的內(nèi)存芯片的性能。IDM廠商還可以利用該技術(shù)為主要客戶的先進(jìn)封裝芯片定制存儲(chǔ)器，從而使自己脫穎而出。

Another scenario for memory IDMs is to develop logic capabilities, particularly in design or manufacturing, to enable synergies with advanced packaging. This would, however, require substantial investment and a risky leap across the value chain.
內(nèi)存 IDM 的另一個(gè)場(chǎng)景是開發(fā)邏輯功能，特別是在設(shè)計(jì)或制造方面，以實(shí)現(xiàn)與先進(jìn)封裝的協(xié)同作用。然而，這需要大量投資和跨越價(jià)值鏈的冒險(xiǎn)跨越。

The advent of advanced packaging has changed the competitive landscape for chip manufacturers. Packaging is no longer a commodity process, and the majors have moved first to make advanced packaging a strategic part of their offerings. Other manufacturers risk being commoditized if they don’t find a way to incorporate advanced packaging into their strategies and offerings. The advanced-packaging market offers many disruptive opportunities, as well as challenges that will likely go beyond business as usual.
先進(jìn)封裝的出現(xiàn)改變了芯片制造商的競(jìng)爭(zhēng)格局。包裝不再是一種商品流程，各大公司已首先采取行動(dòng)，將先進(jìn)包裝作為其產(chǎn)品的戰(zhàn)略部分。其他制造商如果找不到將先進(jìn)封裝納入其戰(zhàn)略和產(chǎn)品的方法，則面臨被商品化的風(fēng)險(xiǎn)。先進(jìn)封裝市場(chǎng)提供了許多顛覆性的機(jī)遇，也帶來了可能超出常規(guī)業(yè)務(wù)的挑戰(zhàn)。

About the author(s)關(guān)于作者

Ondrej Burkackyis a senior partner in McKinsey’s Munich office, andTaeyoung Kimis a consultant in the Seoul office, whereInji Yeomis an associate partner.
Ondrej Burkacky是麥肯錫慕尼黑辦事處的高級(jí)合伙人，Taeyoung Kim是首爾辦事處的顧問，Inji Yeom是麥肯錫辦事處的副合伙人。

在越南投資半導(dǎo)體封裝的機(jī)遇與挑戰(zhàn)

越南在半導(dǎo)體產(chǎn)業(yè)尤其是封裝和測(cè)試（封測(cè)）領(lǐng)域正逐漸成為一個(gè)重要的投資目的地。

政府戰(zhàn)略與目標(biāo): 越南政府已經(jīng)制定了一個(gè)三階段的半導(dǎo)體產(chǎn)業(yè)路線圖，目標(biāo)是在2030年之前擁有1家芯片制造廠和10家封測(cè)廠。這一戰(zhàn)略反映了越南希望成為全球半導(dǎo)體產(chǎn)業(yè)中心之一的雄心。路線圖特別強(qiáng)調(diào)了“C=SET+1”的策略，這里“C”代表芯片，“S”代表專用半導(dǎo)體，“E”代表電子產(chǎn)業(yè)，“T”代表人才，而“+1”則指的是越南在半導(dǎo)體供應(yīng)鏈多元化方面的區(qū)位和政策優(yōu)勢(shì)。

地理和經(jīng)濟(jì)優(yōu)勢(shì): 越南地理位置優(yōu)越，毗鄰中國(guó)，這為投資者提供了降低運(yùn)輸成本和穩(wěn)定供應(yīng)鏈的可能性。此外，越南的勞動(dòng)力成本相對(duì)較低，提供了經(jīng)濟(jì)上的吸引力。中國(guó)企業(yè)在越南的投資已經(jīng)顯著增加，顯示了強(qiáng)勁的投資趨勢(shì)。

地緣政治影響: 中美貿(mào)易戰(zhàn)等地緣政治變化促使在中國(guó)設(shè)廠的國(guó)際高科技企業(yè)尋找新的生產(chǎn)基地，而越南由于其鄰近中國(guó)并且得到美國(guó)支持，被視為一個(gè)理想的投資地點(diǎn)。這使得越南在半導(dǎo)體封裝領(lǐng)域的投資吸引力進(jìn)一步增強(qiáng)。

挑戰(zhàn)與考慮: 盡管有諸多優(yōu)勢(shì)，越南的投資環(huán)境也面臨一些挑戰(zhàn)，如基礎(chǔ)設(shè)施的完善度、法律和政策的透明度以及知識(shí)產(chǎn)權(quán)保護(hù)等問題。投資者需要權(quán)衡這些因素，確保投資的可持續(xù)性和長(zhǎng)期回報(bào)。

綜上所述，越南在半導(dǎo)體封裝領(lǐng)域的投資吸引力來自于其戰(zhàn)略規(guī)劃、地理經(jīng)濟(jì)優(yōu)勢(shì)以及當(dāng)前的國(guó)際政治環(huán)境。然而，投資者在進(jìn)行決策時(shí)也應(yīng)全面評(píng)估風(fēng)險(xiǎn)與挑戰(zhàn)。