{"id":28034,"date":"2026-07-24T09:56:46","date_gmt":"2026-07-24T00:56:46","guid":{"rendered":"https:\/\/official.gfs.tokyo\/blog\/?p=28034"},"modified":"2026-07-24T09:56:46","modified_gmt":"2026-07-24T00:56:46","slug":"ue-should-you-buy-tokyo-electron-stock","status":"publish","type":"post","link":"https:\/\/official.gfs.tokyo\/blog\/ue-should-you-buy-tokyo-electron-stock","title":{"rendered":"\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u682a\u306f\u8cb7\u3046\u3079\u304d\u304b\uff1f\u696d\u7e3e\u30fb\u914d\u5f53\u30fb\u5bfe\u4e2d\u898f\u5236\u3068\u4eca\u5f8c\u306e\u682a\u4fa1\u3092\u5fb9\u5e95\u89e3\u8aac"},"content":{"rendered":"<p 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110px\" \/>\u3000<strong>\u76e3\u4fee\u8005\uff1a\u5e02\u5ddd\u96c4\u4e00\u90ce\u3000<\/strong><br \/>\n<span style=\"font-size: 10pt;\"><a href=\"https:\/\/official.gfs.tokyo\/\">GFS<\/a>\u6821\u9577\u3002CFP\u00ae\u30021\u7d1a\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30d7\u30e9\u30f3\u30cb\u30f3\u30b0\u6280\u80fd\u58eb(\u8cc7\u7523\u8a2d\u8a08\u63d0\u6848\u696d\u52d9)\u3002<a href=\"https:\/\/www.jafp.or.jp\/\">\u65e5\u672cFP\u5354\u4f1a<\/a>\u4f1a\u54e1\u3002\u65e5\u672cFP\u5b66\u4f1a\u4f1a\u54e1\u3002\u00a0<a href=\"https:\/\/mba.globis.ac.jp\/\">\u30b0\u30ed\u30fc\u30d3\u30b9\u7d4c\u55b6\u5927\u5b66\u9662<\/a>\u4fee\u4e86(MBA\/\u7d4c\u55b6\u5b66\u4fee\u58eb)\u3002<\/span><br \/>\n<span style=\"font-size: 10pt;\">\u65e5\u672c\u306eFP\u306e\u5148\u99c6\u8005\u3068\u3057\u3066\u8cc7\u7523\u904b\u7528\u306e\u5553\u8499\u306b\u5f93\u4e8b\u3002\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u304c\u5275\u8a2d\u3057\u305f\u79c1\u7acb<a href=\"https:\/\/www.cyber-u.ac.jp\/teacher\/ichikawa_yuichiro.html\">\u30b5\u30a4\u30d0\u30fc\u5927\u5b66<\/a>\u3067\u6559\u97ad\u3092\u57f7\u308b\u307b\u304b\u3001\u8b1b\u6f14\u4f9d\u983c\u3001\u30e1\u30c7\u30a3\u30a2\u51fa\u6f14\u3082\u591a\u6570\u3002\u8457\u66f8\u306b<a href=\"https:\/\/www.amazon.co.jp\/%E6%8A%95%E8%B3%87%E3%81%A7%E5%88%A9%E7%9B%8A%E3%82%92%E5%87%BA%E3%81%97%E3%81%A6%E3%81%84%E3%82%8B%E4%BA%BA%E3%81%9F%E3%81%A1%E3%81%8C%E5%A4%A7%E4%BA%8B%E3%81%AB%E3%81%97%E3%81%A6%E3%81%84%E3%82%8B-45%E3%81%AE%E6%95%99%E3%81%88-%E5%B8%82%E5%B7%9D-%E9%9B%84%E4%B8%80%E9%83%8E\/dp\/4532358825\">\u300c\u6295\u8cc7\u3067\u5229\u76ca\u3092\u51fa\u3057\u3066\u3044\u308b\u4eba\u305f\u3061\u304c\u5927\u4e8b\u306b\u3057\u3066\u3044\u308b 45\u306e\u6559\u3048\u300d\uff08\u65e5\u672c\u7d4c\u6e08\u65b0\u805e\u51fa\u7248\uff09<\/a><\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 10pt;\">\u516c\u5f0fX \u30a2\u30ab\u30a6\u30f3\u30c8\u3000<a href=\"https:\/\/twitter.com\/ichikawa_toushi\">\u5e02\u5ddd\u96c4\u4e00\u90ce@\u304a\u91d1\u306e\u5b66\u6821 \u6821\u9577<\/a><\/span><\/p>\n<\/div>\n<\/div>\n<h2 data-path-to-node=\"5\">\u5e8f\u7ae0\uff1a\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u682a\u306f\u300c\u8cb7\u3044\u300d\u304b\uff1f\uff08\u6295\u8cc7\u5224\u65ad\u306e\u8981\u7d04\uff09<\/h2>\n<p data-path-to-node=\"6\">\u7d50\u8ad6\u304b\u3089\u63d0\u793a\u3059\u308b\u3068\u3001\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\uff08\u4ee5\u4e0b\u3001TEL\uff09\u306f\u3001\u300c3\u301c5\u5e74\u4ee5\u4e0a\u306e\u9577\u671f\u8996\u70b9\u3067\u8cc7\u7523\u3092\u5f62\u6210\u3057\u305f\u3044\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u3001\u65e5\u672c\u682a\u306e\u4e2d\u3067\u6700\u512a\u5148\u3067\u691c\u8a0e\u3059\u3079\u304d\u8d85\u30fb\u512a\u826f\u9298\u67c4\u300d\u3067\u3059\u3002<\/p>\n<p 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data-index-in-node=\"0\">\u30b7\u30ea\u30b3\u30f3\u30b5\u30a4\u30af\u30eb\u306e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff08\u6ce8\u610f\u70b9\uff09\uff1a<\/b> \u534a\u5c0e\u4f53\u696d\u754c\u306b\u306f\u3001\u9700\u8981\u3068\u4f9b\u7d66\u306e\u6ce2\u306b\u4f34\u3046\u300c\u30b7\u30ea\u30b3\u30f3\u30b5\u30a4\u30af\u30eb\u300d\u304c\u5b58\u5728\u3057\u307e\u3059\u3002\u9867\u5ba2\u3067\u3042\u308bTSMC\u3084\u30b5\u30e0\u30b9\u30f3\u306a\u3069\u306e\u8a2d\u5099\u6295\u8cc7\u306e\u52d5\u5411\u3001\u3042\u308b\u3044\u306f\u5730\u653f\u5b66\u30cb\u30e5\u30fc\u30b9\u3072\u3068\u3064\u3067\u3001\u696d\u7e3e\u304c\u62e1\u5927\u5c40\u9762\u3067\u3042\u3063\u3066\u3082\u682a\u4fa1\u304c\u4e00\u6642\u7684\u306b20%\u301c40%\u8abf\u6574\u3059\u308b\u3053\u3068\u304c\u6b74\u53f2\u7684\u306b\u5ea6\u3005\u767a\u751f\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"10\">\u3064\u307e\u308a\u3001TEL\u3078\u306e\u6295\u8cc7\u3067\u6210\u529f\u3059\u308b\u305f\u3081\u306e\u30ab\u30ae\u306f\u3001\u300c\u77ed\u671f\u306e\u6ce2\u306b\u60d1\u308f\u3055\u308c\u305a\u3001\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u306e\u4e0d\u53ef\u9006\u306a\u9577\u671f\u7684\u9032\u5316\u306b\u8ced\u3051\u3066\u6642\u9593\u5206\u6563\u3067\u6295\u8cc7\u3059\u308b\u300d\u3068\u3044\u3046\u57fa\u672c\u6226\u7565\u3092\u5fb9\u5e95\u3059\u308b\u3053\u3068\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n<h2 data-path-to-node=\"12\">\u7b2c1\u7ae0\uff1a\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\uff088035\uff09\u306e\u57fa\u790e\u69cb\u9020\u3068\u5f37\u307f<\/h2>\n<h3 data-path-to-node=\"13\" id=\"p-rc_2f923f863853c95e-250\"><span class=\"citation-547 citation-end-547\">1-1.<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c3417368637=\"\"><sup _ngcontent-ng-c3417368637=\"\" class=\"superscript\" data-turn-source-index=\"1\"><\/sup><\/source-footnote><\/span> \u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\uff1a\u4e16\u754c\u4e2d\u306e\u30d5\u30a1\u30f3\u30c9\u30ea\u306b\u300c\u6b66\u5668\u300d\u3092\u58f2\u308b\u8d85\u30fb\u9ad8\u53ce\u76ca\u4f01\u696d<sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c567799229=\"\"><source-inline-chip _ngcontent-ng-c567799229=\"\" _nghost-ng-c434047400=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/h3>\n<p data-path-to-node=\"14\">TEL\u306f\u3001\u81ea\u793e\u3067IC\u30c1\u30c3\u30d7\uff08\u534a\u5c0e\u4f53\u672c\u4f53\uff09\u3092\u88fd\u9020\u3057\u3066\u4e00\u822c\u6d88\u8cbb\u8005\u306b\u58f2\u308b\u4f1a\u793e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p data-path-to-node=\"14\">TSMC\uff08\u53f0\u6e7e\uff09\u3001\u30b5\u30e0\u30b9\u30f3\u96fb\u5b50\uff08\u97d3\u56fd\uff09\u3001\u30a4\u30f3\u30c6\u30eb\uff08\u7c73\u56fd\uff09\u3001\u30de\u30a4\u30af\u30ed\u30f3\uff08\u7c73\u56fd\uff09\u3068\u3044\u3063\u305f\u3001\u4e16\u754c\u306e\u30e1\u30ac\u534a\u5c0e\u4f53\u30e1\u30fc\u30ab\u30fc\u306b\u5bfe\u3057\u3001\u300c\u8d85\u7cbe\u5bc6\u306a\u534a\u5c0e\u4f53\u3092\u4f5c\u308b\u305f\u3081\u306e\u88fd\u9020\u88c5\u7f6e\u300d\u3092\u4f9b\u7d66\u3059\u308b\u30d3\u30b8\u30cd\u30b9\u3092\u884c\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"15\">\u534a\u5c0e\u4f53\u88fd\u9020\u306f\u5927\u304d\u304f\u5206\u3051\u3066\u3001\u30a6\u30a8\u30cf\u4e0a\u306b\u96fb\u5b50\u56de\u8def\u3092\u4f5c\u308a\u8fbc\u3080\u300c\u524d\u5de5\u7a0b\u300d\u3068\u3001\u30a6\u30a8\u30cf\u3092\u5207\u308a\u51fa\u3057\u3066\u30d1\u30c3\u30b1\u30fc\u30b8\u30f3\u30b0\u3059\u308b\u300c\u5f8c\u5de5\u7a0b\u300d\u306b\u5206\u304b\u308c\u307e\u3059\u3002TEL\u306f\u3053\u306e\u300c\u524d\u5de5\u7a0b\u300d\u306b\u304a\u3044\u3066\u4e16\u754c\u5c48\u6307\u306e\u7dcf\u5408\u30e9\u30a4\u30f3\u30ca\u30c3\u30d7\u3092\u8a87\u308a\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"16\">1-2. TEL\u304c\u8a87\u308b\u4e16\u754c\u30b7\u30a7\u30a2\u300cNo.1\u300d\u4e3b\u8981\u88fd\u54c1\u7fa4<\/h3>\n<p data-path-to-node=\"17\">\u534a\u5c0e\u4f53\u88fd\u9020\u306b\u306f\u6570\u767e\u306e\u8907\u96d1\u306a\u5de5\u7a0b\u304c\u5b58\u5728\u3057\u307e\u3059\u304c\u3001TEL\u306f\u7279\u5b9a\u306e\u91cd\u8981\u5de5\u7a0b\u3067\u5727\u5012\u7684\u306a\u4e16\u754c\u30b7\u30a7\u30a2\u3092\u7372\u5f97\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<table data-path-to-node=\"18\">\n<thead>\n<tr>\n<td><strong>\u88c5\u7f6e\u30ab\u30c6\u30b4\u30ea<\/strong><\/td>\n<td><strong>\u4ee3\u8868\u7684\u88fd\u54c1\u30d6\u30e9\u30f3\u30c9<\/strong><\/td>\n<td><strong>\u4e16\u754c\u30b7\u30a7\u30a2\uff08\u6982\u7b97\uff09<\/strong><\/td>\n<td><strong>\u4e3b\u306a\u5f79\u5272\u3068\u7af6\u4e89\u512a\u4f4d\u6027<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"18,1,0,0\"><b data-path-to-node=\"18,1,0,0\" data-index-in-node=\"0\">\u30b3\u30fc\u30bf\/\u30c7\u30d9\u30ed\u30c3\u30d1<\/b><\/span><\/td>\n<td><span data-path-to-node=\"18,1,1,0\">CLEAN TRACK<\/span><\/td>\n<td><span data-path-to-node=\"18,1,2,0\"><b data-path-to-node=\"18,1,2,0\" data-index-in-node=\"0\">\u7d0480\u301c90%<\/b>\uff08\u4e16\u754c\u9996\u4f4d\uff09<\/span><\/td>\n<td><span data-path-to-node=\"18,1,3,0\">\u30a6\u30a8\u30cf\u306b\u611f\u5149\u6750\uff08\u30ec\u30b8\u30b9\u30c8\uff09\u3092\u8584\u304f\u5747\u4e00\u306b\u5857\u308a\u3001\u9732\u5149\u5f8c\u306b\u73fe\u50cf\u3059\u308b\u3002EUV\u9732\u5149\u6a5f\u5bfe\u5fdc\u3067\u306f\u30b7\u30a7\u30a2\u307b\u307c100%\u8fd1\u508d\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"18,2,0,0\"><b data-path-to-node=\"18,2,0,0\" data-index-in-node=\"0\">\u30a8\u30c3\u30c1\u30f3\u30b0\u88c5\u7f6e<\/b><\/span><\/td>\n<td><span data-path-to-node=\"18,2,1,0\">Tactras \/ Episode<\/span><\/td>\n<td><span data-path-to-node=\"18,2,2,0\"><b data-path-to-node=\"18,2,2,0\" data-index-in-node=\"0\">\u7d0425%<\/b>\uff08\u4e16\u754c2\u4f4d\uff09<\/span><\/td>\n<td><span data-path-to-node=\"18,2,3,0\">\u30d7\u30e9\u30ba\u30de\u3084\u30ac\u30b9\u3067\u4e0d\u8981\u306a\u819c\u3092\u539f\u5b50\u30ec\u30d9\u30eb\u3067\u524a\u308a\u53d6\u308a\u3001\u56de\u8def\u3092\u6d6e\u304d\u5f6b\u308a\u306b\u3059\u308b\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"18,3,0,0\"><b data-path-to-node=\"18,3,0,0\" data-index-in-node=\"0\">\u819c\u5f62\u6210\u88c5\u7f6e\uff08CVD\/ALD\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"18,3,1,0\">Trias \/ NuVotex<\/span><\/td>\n<td><span data-path-to-node=\"18,3,2,0\"><b data-path-to-node=\"18,3,2,0\" data-index-in-node=\"0\">\u7d0414\u301c15%<\/b>\uff08\u4e16\u754c\u4e0a\u4f4d\uff09<\/span><\/td>\n<td><span data-path-to-node=\"18,3,3,0\">\u30a6\u30a8\u30cf\u8868\u9762\u306b\u6570\u30ca\u30ce\u30e1\u30fc\u30c8\u30eb\u306e\u8d85\u8584\u819c\uff08\u7d76\u7e01\u819c\u3084\u91d1\u5c5e\u819c\uff09\u3092\u6210\u819c\u3059\u308b\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"18,4,0,0\"><b data-path-to-node=\"18,4,0,0\" data-index-in-node=\"0\">\u71b1\u51e6\u7406\u88c5\u7f6e<\/b><\/span><\/td>\n<td><span data-path-to-node=\"18,4,1,0\">TELINDY<\/span><\/td>\n<td><span data-path-to-node=\"18,4,2,0\"><b data-path-to-node=\"18,4,2,0\" data-index-in-node=\"0\">\u7d0420\u301c30%<\/b>\uff08\u4e16\u754c\u4e0a\u4f4d\uff09<\/span><\/td>\n<td><span data-path-to-node=\"18,4,3,0\">\u30a6\u30a8\u30cf\u3092\u9ad8\u6e29\u3067\u52a0\u71b1\u3057\u3001\u819c\u8cea\u306e\u6539\u5584\u3084\u4e0d\u7d14\u7269\u306e\u62e1\u6563\u3092\u884c\u3046\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"18,5,0,0\"><b data-path-to-node=\"18,5,0,0\" data-index-in-node=\"0\">\u6d17\u6d44\u88c5\u7f6e\uff08\u679a\u8449\u5f0f\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"18,5,1,0\">Celes \/ Cella<\/span><\/td>\n<td><span data-path-to-node=\"18,5,2,0\"><b data-path-to-node=\"18,5,2,0\" data-index-in-node=\"0\">\u7d0420%\u524d\u5f8c<\/b><\/span><\/td>\n<td><span data-path-to-node=\"18,5,3,0\">\u88fd\u9020\u904e\u7a0b\u3067\u767a\u751f\u3059\u308b\u5fae\u7d30\u306a\u30b4\u30df\uff08\u30ca\u30ce\u7c92\u5b50\uff09\u3092\u5316\u5b66\u6db2\u3067\u6d17\u6d44\u3059\u308b\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p data-path-to-node=\"19\">\u7279\u306b\u30b3\u30fc\u30bf\/\u30c7\u30d9\u30ed\u30c3\u30d1\uff08\u5857\u5e03\u73fe\u50cf\u88c5\u7f6e\uff09\u306b\u304a\u3051\u308b\u5e02\u5834\u72ec\u5360\u7387\u306f\u9a5a\u7570\u7684\u3067\u3042\u308a\u3001\u30aa\u30e9\u30f3\u30c0ASML\u306e\u9732\u5149\u6a5f\u3068\u7269\u7406\u7684\u306b\u7d50\u5408\uff08\u30a4\u30f3\u30e9\u30a4\u30f3\u63a5\u7d9a\uff09\u3057\u3066\u904b\u7528\u3055\u308c\u308b\u305f\u3081\u3001\u5148\u7aef\u534a\u5c0e\u4f53\u304c\u4f5c\u3089\u308c\u308b\u9650\u308aTEL\u306e\u88c5\u7f6e\u304c\u5916\u3055\u308c\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<h2 data-path-to-node=\"21\">\u7b2c2\u7ae0\uff1a\u904e\u53bb\u30fb\u73fe\u5728\u30fb\u672a\u6765\u306e\u6210\u9577\u30b9\u30c8\u30fc\u30ea\u30fc<\/h2>\n<h3 data-path-to-node=\"22\">2-1. \u3010\u904e\u53bb\u3011\u4e0d\u6cc1\u671f\u306b\u3082R&amp;D\u3092\u7de9\u3081\u306a\u3044\u5f37\u976d\u306a\u7d4c\u55b6\u4f53\u8cea<\/h3>\n<p data-path-to-node=\"23\">\u904e\u53bb20\u5e74\u306e\u540c\u793e\u306e\u6b74\u53f2\u3092\u898b\u308b\u3068\u3001IT\u30d0\u30d6\u30eb\u5d29\u58ca\u3001\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3001\u7c73\u4e2d\u8cbf\u6613\u6469\u64e6\u306a\u3069\u3001\u5e7e\u5ea6\u3082\u306e\u6df1\u523b\u306a\u4e0d\u6cc1\u3092\u7d4c\u9a13\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n<p data-path-to-node=\"23\">\u591a\u304f\u306e\u4f01\u696d\u304c\u4e0d\u6cc1\u6642\u306b\u7814\u7a76\u958b\u767a\u8cbb\uff08R&amp;D\uff09\u3092\u524a\u6e1b\u3057\u3066\u50b7\u53e3\u3092\u6d45\u304f\u3057\u3088\u3046\u3068\u3059\u308b\u4e2d\u3001TEL\u306f\u300c\u4e0d\u6cc1\u306e\u6642\u3053\u305d\u6280\u8853\u9769\u65b0\u306b\u6295\u8cc7\u3057\u3001\u6b21\u306e\u6ce2\u3067\u7af6\u5408\u3092\u5f15\u304d\u96e2\u3059\u300d\u3068\u3044\u3046\u6587\u5316\u3092\u5fb9\u5e95\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u3053\u306e\u7d50\u679c\u3001\u666f\u6c17\u56de\u5fa9\u5c40\u9762\u306b\u304a\u3044\u3066\u4ed6\u793e\u3092\u5727\u5012\u3059\u308b\u9ad8\u5229\u76ca\u7387\u3068\u5e02\u5834\u30b7\u30a7\u30a2\u3092\u7372\u5f97\u3059\u308b\u4f53\u8cea\u304c\u76e4\u77f3\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<h3 data-path-to-node=\"24\">2-2. \u3010\u73fe\u5728\u3011\u751f\u6210AI\u3068\u300cHBM\uff08\u9ad8\u5e2f\u57df\u5e45\u30e1\u30e2\u30ea\uff09\u300d\u306b\u3088\u308b\u7206\u767a\u7684\u9700\u8981<\/h3>\n<p data-path-to-node=\"25\">\u73fe\u5728\u306eTEL\u306e\u696d\u7e3e\u3092\u5f37\u70c8\u306b\u727d\u5f15\u3057\u3066\u3044\u308b\u306e\u304c\u3001\u751f\u6210AI\uff08Large Language Models\uff09\u306e\u6025\u62e1\u5927\u3067\u3059\u3002<\/p>\n<ul data-path-to-node=\"26\">\n<li>\n<p data-path-to-node=\"26,0,0\"><b data-path-to-node=\"26,0,0\" data-index-in-node=\"0\">NVIDIA\u5411\u3051AI\u30b5\u30fc\u30d0\u30fc\u306e\u8981\u6c42\uff1a<\/b> AI\u306e\u5b66\u7fd2\u30fb\u63a8\u8ad6\u306b\u306f\u3001GPU\uff08\u753b\u50cf\u51e6\u7406\u534a\u5c0e\u4f53\uff09\u3060\u3051\u3067\u306a\u304f\u3001\u5927\u91cf\u306e\u30c7\u30fc\u30bf\u3092\u8d85\u9ad8\u901f\u3067\u3084\u308a\u53d6\u308a\u3059\u308b\u300cHBM\uff08High Bandwidth Memory\uff09\u300d\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"26,1,0\"><b data-path-to-node=\"26,1,0\" data-index-in-node=\"0\">\u5de5\u7a0b\u306e\u8907\u96d1\u5316\u306b\u3088\u308b\u5358\u4fa1\u4e0a\u6607\uff1a<\/b> HBM\u3084\u6700\u5148\u7aef\u30ed\u30b8\u30c3\u30af\uff083nm\/2nm\uff09\u306f\u3001\u30c1\u30c3\u30d7\u30923\u6b21\u5143\u7684\u306b\u91cd\u306d\u5408\u308f\u305b\u308b\u7acb\u4f53\u69cb\u9020\u3092\u63a1\u7528\u3057\u3066\u3044\u307e\u3059\u3002\u56de\u8def\u304c\u7e26\u306b\u6df1\u304f\u306a\u308b\u305f\u3081\u3001\u30a8\u30c3\u30c1\u30f3\u30b0\uff08\u524a\u308b\uff09\u3084\u6210\u819c\uff08\u819c\u3092\u5f35\u308b\uff09\u306e\u56de\u6570\u304c\u6570\u500d\u306b\u8df3\u306d\u4e0a\u304c\u308a\u3001<b data-path-to-node=\"26,1,0\" data-index-in-node=\"108\">\u534a\u5c0e\u4f53\u306e\u88fd\u9020\u679a\u6570\u304c\u540c\u3058\u3067\u3082\u3001TEL\u304c\u58f2\u308b\u88c5\u7f6e\u306e\u6570\u91cf\u3068\u5358\u4fa1\u304c\u98db\u8e8d\u7684\u306b\u4f38\u3073\u308b\u69cb\u9020<\/b>\u304c\u751f\u307e\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"27\">2-3. \u3010\u672a\u6765\u30112nm\u4e16\u4ee3\u30fbGAA\u30fb\u88cf\u9762\u96fb\u6e90\u4f9b\u7d66\uff08BSPDN\uff09\u30fb\u6975\u4f4e\u6e29\u30a8\u30c3\u30c1\u30f3\u30b0<\/h3>\n<p data-path-to-node=\"28\">\u4eca\u5f8c\u306e\u672a\u6765\u306b\u304a\u3051\u308bTEL\u306e\u6280\u8853\u7684\u6210\u9577\u30c9\u30e9\u30a4\u30d0\u30fc\u306f\u4ee5\u4e0b\u306e\u9769\u65b0\u6280\u8853\u3067\u3059\u3002<\/p>\n<ol start=\"1\" data-path-to-node=\"29\">\n<li>\n<p data-path-to-node=\"29,0,0\"><b data-path-to-node=\"29,0,0\" data-index-in-node=\"0\">GAA\uff08Gate-All-Around\uff09\u69cb\u9020\uff1a<\/b> 2nm\u4e16\u4ee3\u4ee5\u964d\u306e\u6700\u5148\u7aef\u30ed\u30b8\u30c3\u30af\u534a\u5c0e\u4f53\u306e\u69cb\u9020\u3002\u96fb\u6d41\u3092\u6d41\u3059\u30b2\u30fc\u30c8\u304c\u30c1\u30e3\u30f3\u30cd\u30eb\u306e4\u9762\u3092\u8986\u3046\u69cb\u9020\u306b\u306a\u308b\u305f\u3081\u3001\u8d85\u7cbe\u5bc6\u306a\u30a8\u30c3\u30c1\u30f3\u30b0\u30fb\u6210\u819c\u6280\u8853\u304c\u5fc5\u9808\u3068\u306a\u308a\u3001TEL\u306e\u5358\u4e00\u5de5\u5834\u3042\u305f\u308a\u306e\u53d7\u6ce8\u984d\u304c\u6025\u5897\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"29,1,0\"><b data-path-to-node=\"29,1,0\" data-index-in-node=\"0\">BSPDN\uff08\u88cf\u9762\u96fb\u6e90\u4f9b\u7d66\u7db2\uff09\uff1a<\/b> \u3053\u308c\u307e\u3067\u30c1\u30c3\u30d7\u306e\u300c\u8868\u9762\u300d\u306b\u6df7\u5728\u3057\u3066\u3044\u305f\u914d\u7dda\u3068\u96fb\u6e90\u7dda\u3092\u5206\u96e2\u3057\u3001\u96fb\u6e90\u3092\u300c\u88cf\u9762\u300d\u304b\u3089\u4f9b\u7d66\u3059\u308b\u6280\u8853\u3002\u30a6\u30a8\u30cf\u306e\u4e21\u9762\u52a0\u5de5\u304c\u5fc5\u8981\u3068\u306a\u308b\u305f\u3081\u3001\u5de5\u7a0b\u6570\u3068\u6d17\u6d44\u30fb\u524a\u308a\u51e6\u7406\u304c\u500d\u5897\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"29,2,0\"><b data-path-to-node=\"29,2,0\" data-index-in-node=\"0\">\u6975\u4f4e\u6e29\u30a8\u30c3\u30c1\u30f3\u30b0\uff08Cryo Etching\uff09\uff1a<\/b> 3D NAND\uff08\u8d85\u591a\u5c64\u30e1\u30e2\u30ea\uff09\u306b\u304a\u3044\u3066\u3001\u30de\u30a4\u30ca\u30b9\u6570\u5341\u5ea6\u306e\u6975\u4f4e\u6e29\u74b0\u5883\u4e0b\u3067\u8d85\u9ad8\u30a2\u30b9\u30da\u30af\u30c8\u6bd4\uff08\u6df1\u304f\u7d30\u3044\u7a74\uff09\u3092\u4e00\u6c17\u306b\u524a\u308a\u53d6\u308b\u540c\u793e\u72ec\u81ea\u306e\u9769\u65b0\u6280\u8853\u3002\u74b0\u5883\u8ca0\u8377\uff08\u6e29\u5ba4\u52b9\u679c\u30ac\u30b9\uff09\u3092\u524a\u6e1b\u3057\u3064\u3064\u5727\u5012\u7684\u306a\u52a0\u5de5\u901f\u5ea6\u3092\u5b9f\u73fe\u3057\u3001\u7af6\u5408\uff08Lam Research\u306a\u3069\uff09\u306e\u30b7\u30a7\u30a2\u3092\u596a\u3046\u539f\u52d5\u529b\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ol>\n<div class=\"xcd-attention-6 xcd-col5 xcd-ripple\">\n<div class=\"xcd-title-wrap\">\n<div class=\"xcd-title\"><span>\u3042\u306a\u305f\u306b\u672c\u5f53\u306b\u9069\u3057\u305f\u6295\u8cc7\u306f\u3069\u308c\uff1f<\/span><\/div>\n<\/div>\n<div class=\"xcd-content\">\n<p><span style=\"font-size: 12pt;\"><strong>\u30fb\u6295\u8cc7\u3067\u53ce\u5165\u3092\u5f97\u305f\u3044\u3001\u8cc7\u7523\u3092\u5897\u3084\u3057\u305f\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u30ea\u30b9\u30af\u306f\u3067\u304d\u308b\u3060\u3051\u6291\u3048\u305f\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u6295\u8cc7\u5148\u306e\u898b\u6975\u3081\u65b9\u3092\u77e5\u308a\u305f\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u6210\u529f\u3057\u3066\u3044\u308b\u6295\u8cc7\u5bb6\u3068\u63a5\u70b9\u304c\u6b32\u3057\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u7269\u4fa1\u4e0a\u6607\u3078\u306e\u5bfe\u7b56\u306b\u306f\u6295\u8cc7\u304c\u5fc5\u8981\u3068\u8003\u3048\u3066\u3044\u308b\u3000YES or NO<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?argument=XJhet6w1&amp;dmai=a64e31f9ee75a0\"><strong>\u2192\u3000YES\u304c\uff13\u3064\u4ee5\u4e0a\u3060\u3063\u305f\u65b9\u306f\u3001\u3053\u3061\u3089\u3092\u30af\u30ea\u30c3\u30af<\/strong><\/a><\/span><\/p>\n<\/div>\n<\/div>\n<h2 data-path-to-node=\"31\">\u7b2c3\u7ae0\uff1a\u7af6\u5408\u4ed6\u793e\uff08\u30b0\u30ed\u30fc\u30d0\u30eb\u30fb\u30d3\u30c3\u30b05\uff09\u3068\u306e\u6bd4\u8f03\u5206\u6790<\/h2>\n<p data-path-to-node=\"32\">\u4e16\u754c\u306e\u534a\u5c0e\u4f53\u88fd\u9020\u88c5\u7f6e\u5e02\u5834\u306f\u3001TEL\u3092\u542b\u3080\u300c\u30d3\u30c3\u30b05\u300d\u3068\u547c\u3070\u308c\u308b5\u793e\u306b\u3088\u3063\u3066\u4e3b\u8981\u5de5\u7a0b\u306e\u5e02\u5834\u304c\u5206\u3051\u5408\u308f\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"33\">\u30b0\u30ed\u30fc\u30d0\u30eb\u4e3b\u8981\u88c5\u7f6e\u30e1\u30fc\u30ab\u30fc\u306e\u6bd4\u8f03<\/h3>\n<table data-path-to-node=\"34\">\n<thead>\n<tr>\n<td><strong>\u4f01\u696d\u540d<\/strong><\/td>\n<td><strong>\u672c\u793e\u56fd<\/strong><\/td>\n<td><strong>\u4e3b\u306a\u5f37\u307f\u30fb\u5f97\u610f\u9818\u57df<\/strong><\/td>\n<td><strong>\u7279\u5fb4\u3068\u8a55\u4fa1<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"34,1,0,0\"><b data-path-to-node=\"34,1,0,0\" data-index-in-node=\"0\">\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\uff088035\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"34,1,1,0\">\u65e5\u672c<\/span><\/td>\n<td><span data-path-to-node=\"34,1,2,0\">\u30b3\u30fc\u30bf\/\u30c7\u30d9\u30ed\u30c3\u30d1\uff08\u9996\u4f4d\uff09\u3001\u30a8\u30c3\u30c1\u30f3\u30b0\u3001\u6210\u819c<\/span><\/td>\n<td><span data-path-to-node=\"34,1,3,0\">\u524d\u5de5\u7a0b\u306e\u307b\u307c\u5168\u4e3b\u8981\u5de5\u7a0b\u3092\u7db2\u7f85\u3059\u308b\u7dcf\u5408\u529b\u3002AI\u5411\u3051\u5148\u7aef\u5206\u91ce\u3067\u9ad8\u3044\u6210\u9577\u6027\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"34,2,0,0\"><b data-path-to-node=\"34,2,0,0\" data-index-in-node=\"0\">Applied Materials (AMAT)<\/b><\/span><\/td>\n<td><span data-path-to-node=\"34,2,1,0\">\u7c73\u56fd<\/span><\/td>\n<td><span data-path-to-node=\"34,2,2,0\">\u6210\u819c\uff08CVD\/PVD\uff09\u3001CMP\u3001\u30a4\u30aa\u30f3\u6ce8\u5165<\/span><\/td>\n<td><span data-path-to-node=\"34,2,3,0\">\u524d\u5de5\u7a0b\u306e\u3042\u3089\u3086\u308b\u5206\u91ce\u3092\u624b\u639b\u3051\u308b\u4e16\u754c\u58f2\u4e0a\u9ad8\u30c8\u30c3\u30d7\u7d1a\u306e\u7dcf\u5408\u738b\u8005\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"34,3,0,0\"><b data-path-to-node=\"34,3,0,0\" data-index-in-node=\"0\">ASML<\/b><\/span><\/td>\n<td><span data-path-to-node=\"34,3,1,0\">\u30aa\u30e9\u30f3\u30c0<\/span><\/td>\n<td><span data-path-to-node=\"34,3,2,0\">\u9732\u5149\u88c5\u7f6e\uff08EUV\u9732\u5149\u6a5f\u306f\u4e16\u754c\u72ec\u5360\uff09<\/span><\/td>\n<td><span data-path-to-node=\"34,3,3,0\">\u5148\u7aef\u534a\u5c0e\u4f53\u88fd\u9020\u306b\u5fc5\u9808\u306eEUV\u9732\u5149\u6a5f\u3092\u552f\u4e00\u88fd\u9020\u3067\u304d\u308b\u5727\u5012\u7684\u72ec\u5360\u4f01\u696d\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"34,4,0,0\"><b data-path-to-node=\"34,4,0,0\" data-index-in-node=\"0\">Lam Research<\/b><\/span><\/td>\n<td><span data-path-to-node=\"34,4,1,0\">\u7c73\u56fd<\/span><\/td>\n<td><span data-path-to-node=\"34,4,2,0\">\u30a8\u30c3\u30c1\u30f3\u30b0\uff08\u9996\u4f4d\uff09\u3001\u8584\u819c\u5f62\u6210<\/span><\/td>\n<td><span data-path-to-node=\"34,4,3,0\">\u30e1\u30e2\u30ea\uff08NAND\/DRAM\uff09\u5411\u3051\u30a8\u30c3\u30c1\u30f3\u30b0\u3067\u5727\u5012\u7684\u5f37\u307f\u3002\u30e1\u30e2\u30ea\u5e02\u6cc1\u306e\u5f71\u97ff\u304c\u5927\u304d\u3044\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"34,5,0,0\"><b data-path-to-node=\"34,5,0,0\" data-index-in-node=\"0\">KLA<\/b><\/span><\/td>\n<td><span data-path-to-node=\"34,5,1,0\">\u7c73\u56fd<\/span><\/td>\n<td><span data-path-to-node=\"34,5,2,0\">\u691c\u67fb\u30fb\u8a08\u6e2c\u88c5\u7f6e\uff08\u72ec\u5360\u7684\u30b7\u30a7\u30a2\uff09<\/span><\/td>\n<td><span data-path-to-node=\"34,5,3,0\">\u88fd\u9020\u30e9\u30a4\u30f3\u306e\u6b69\u7559\u307e\u308a\uff08\u826f\u54c1\u7387\uff09\u3092\u6e2c\u5b9a\u3059\u308b\u691c\u67fb\u88c5\u7f6e\u3067\u72ec\u8d70\u3002\u6975\u3081\u3066\u9ad8\u3044\u5229\u76ca\u7387\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 data-path-to-node=\"35\">TEL\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3068\u7af6\u4e89\u512a\u4f4d\u6027<\/h3>\n<p data-path-to-node=\"36\">ASML\u304c\u300c\u9732\u5149\u300d\u306b\u5b8c\u5168\u306b\u7279\u5316\u3057\u3001Lam\u304c\u300c\u30a8\u30c3\u30c1\u30f3\u30b0\u300d\u306b\u504f\u91cd\u3057\u3066\u3044\u308b\u306e\u306b\u5bfe\u3057\u3001<b data-path-to-node=\"36\" data-index-in-node=\"40\">TEL\u306f\u300c\u5857\u5e03\u73fe\u50cf\uff0b\u30a8\u30c3\u30c1\u30f3\u30b0\uff0b\u6210\u819c\uff0b\u6d17\u6d44\uff0b\u71b1\u51e6\u7406\u300d\u30921\u793e\u3067\u30d1\u30c3\u30b1\u30fc\u30b8\u5316\u3057\u3066\u9867\u5ba2\u306b\u6700\u9069\u63d0\u6848\u3067\u304d\u308b\u70b9<\/b>\u306b\u6700\u5927\u306e\u5f37\u307f\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"36\">\u534a\u5c0e\u4f53\u30e1\u30fc\u30ab\u30fc\u306b\u3068\u3063\u3066\u306f\u3001\u7570\u306a\u308b\u30e1\u30fc\u30ab\u30fc\u306e\u88c5\u7f6e\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u3088\u308a\u3082\u3001TEL\u306e\u88c5\u7f6e\u540c\u58eb\u3092\u9023\u643a\u3055\u305b\u305f\u65b9\u304c\u521d\u671f\u306e\u6b69\u7559\u307e\u308a\uff08\u826f\u54c1\u7387\uff09\u7acb\u3061\u4e0a\u3052\u304c\u5727\u5012\u7684\u306b\u65e9\u304f\u306a\u308b\u305f\u3081\u3001\u5f37\u3044\u9867\u5ba2\u7c98\u7740\u6027\u304c\u751f\u307e\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<h2 data-path-to-node=\"38\">\u7b2c4\u7ae0\uff1a\u3042\u308f\u305b\u3066\u6ce8\u76ee\u3059\u3079\u304d\u65e5\u672c\u306e\u95a2\u9023\u9298\u67c4<\/h2>\n<p data-path-to-node=\"39\">TEL\u306e\u696d\u7e3e\u3084\u682a\u4fa1\u3092\u5206\u6790\u3059\u308b\u969b\u306f\u3001\u65e5\u672c\u306e\u534a\u5c0e\u4f53\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\uff08\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\uff09\u5168\u4f53\u306b\u76ee\u3092\u5411\u3051\u308b\u3068\u3001\u696d\u754c\u306e\u30c8\u30ec\u30f3\u30c9\u3092\u3088\u308a\u6df1\u304f\u628a\u63e1\u3067\u304d\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"40\">1. \u5f8c\u5de5\u7a0b\u30fb\u691c\u67fb\u306e\u30ea\u30fc\u30c0\u30fc<\/h3>\n<ul data-path-to-node=\"41\">\n<li>\n<p data-path-to-node=\"41,0,0\"><b data-path-to-node=\"41,0,0\" data-index-in-node=\"0\">\u30c7\u30a3\u30b9\u30b3\uff086146\uff09\uff1a<\/b> \u30a6\u30a8\u30cf\u3092\u30c1\u30c3\u30d7\u72b6\u306b\u5207\u65ad\u3059\u308b\u300c\u30c0\u30a4\u30b7\u30f3\u30b0\u300d\u3001\u30a6\u30a8\u30cf\u3092\u8584\u304f\u524a\u308b\u300c\u30b0\u30e9\u30a4\u30f3\u30c7\u30a3\u30f3\u30b0\u300d\u3067\u4e16\u754c\u30b7\u30a7\u30a2\u7d0470\u301c80%\u3092\u8a87\u308b\u5f8c\u5de5\u7a0b\u306e\u7d76\u5bfe\u738b\u8005\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"41,1,0\"><b data-path-to-node=\"41,1,0\" data-index-in-node=\"0\">\u30a2\u30c9\u30d0\u30f3\u30c6\u30b9\u30c8\uff086857\uff09\uff1a<\/b> \u5b8c\u6210\u3057\u305f\u30c1\u30c3\u30d7\u306e\u52d5\u4f5c\u3092\u8abf\u3079\u308b\u300c\u534a\u5c0e\u4f53\u30c6\u30b9\u30bf\u300d\u3067\u4e16\u754c\u9996\u4f4d\u7d1a\u3002NVIDIA\u306eGPU\u3084HBM\u306e\u691c\u67fb\u3067\u53d7\u6ce8\u304c\u7206\u767a\u3002<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"42\">2. \u524d\u5de5\u7a0b\u306e\u30cb\u30c3\u30c1\u30c8\u30c3\u30d7\u30fb\u5f37\u8c6a<\/h3>\n<ul data-path-to-node=\"43\">\n<li>\n<p data-path-to-node=\"43,0,0\"><b data-path-to-node=\"43,0,0\" data-index-in-node=\"0\">SCREEN\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\uff087735\uff09\uff1a<\/b> \u30a6\u30a8\u30cf\u6d17\u6d44\u88c5\u7f6e\u3067\u4e16\u754c\u30c8\u30c3\u30d7\u30b7\u30a7\u30a2\u3092\u7af6\u3046TEL\u306e\u5f37\u529b\u306a\u30e9\u30a4\u30d0\u30eb\u517c\u30d1\u30fc\u30c8\u30ca\u30fc\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"43,1,0\"><b data-path-to-node=\"43,1,0\" data-index-in-node=\"0\">KOKUSAI ELECTRIC\uff086525\uff09\uff1a<\/b> \u7e26\u578b\u71b1\u51e6\u7406\u30fb\u8584\u819c\u5f62\u6210\u88c5\u7f6e\u3067\u9ad8\u30b7\u30a7\u30a2\u3002\u65e7\u65e5\u7acb\u56fd\u969b\u96fb\u6c17\u304b\u3089\u72ec\u7acb\u3057\u305f\u6ce8\u76ee\u306e\u88c5\u7f6e\u30e1\u30fc\u30ab\u30fc\u3002<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"44\">3. \u7d20\u6750\u30fb\u30a6\u30a8\u30cf\u30e1\u30fc\u30ab\u30fc<\/h3>\n<ul data-path-to-node=\"45\">\n<li>\n<p data-path-to-node=\"45,0,0\"><b data-path-to-node=\"45,0,0\" data-index-in-node=\"0\">\u4fe1\u8d8a\u5316\u5b66\u5de5\u696d\uff084063\uff09\/ SUMCO\uff083436\uff09\uff1a<\/b> \u534a\u5c0e\u4f53\u306e\u57fa\u677f\u3068\u306a\u308b\u30b7\u30ea\u30b3\u30f3\u30a6\u30a8\u30cf\u306e\u4e16\u754c2\u5927\u5de8\u982d\u3002<\/p>\n<\/li>\n<\/ul>\n<h2 data-path-to-node=\"47\">\u7b2c5\u7ae0\uff1a\u6700\u65b0\u306e\u6c7a\u7b97\u5b9f\u7e3e\u3068\u5404\u7a2e\u8ca1\u52d9\u6307\u6a19<\/h2>\n<p data-path-to-node=\"48\" id=\"p-rc_2f923f863853c95e-251\"><span class=\"citation-546 citation-end-546\">\uff08\u6ce8\uff1a\u4ee5\u4e0b\u306e\u6570\u5024\u306f2026\u5e743\u6708\u671f\u901a\u671f\u6c7a\u7b97\u5b9f\u7e3e\u304a\u3088\u30732026\u5e747\u6708\u73fe\u5728\u306e\u5e02\u5834\u30c7\u30fc\u30bf\u306b\u57fa\u3065\u304d\u307e\u3059\uff09<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c3417368637=\"\"><sup _ngcontent-ng-c3417368637=\"\" class=\"superscript\" data-turn-source-index=\"2\"><\/sup><\/source-footnote><\/span><sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c567799229=\"\"><source-inline-chip _ngcontent-ng-c567799229=\"\" _nghost-ng-c434047400=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/p>\n<h3 data-path-to-node=\"49\" id=\"p-rc_2f923f863853c95e-252\">5-1. <span class=\"citation-545 citation-end-545\">2026\u5e743\u6708\u671f \u901a\u671f\u6c7a\u7b97\u5b9f\u7e3e<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c3417368637=\"\"><sup _ngcontent-ng-c3417368637=\"\" class=\"superscript\" data-turn-source-index=\"3\"><\/sup><\/source-footnote><\/span><sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c567799229=\"\"><source-inline-chip _ngcontent-ng-c567799229=\"\" _nghost-ng-c434047400=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/h3>\n<p data-path-to-node=\"50\">2026\u5e744\u670830\u65e5\u306b\u767a\u8868\u3055\u308c\u305f\u901a\u671f\u6c7a\u7b97\u3067\u306f\u3001\u751f\u6210AI\u5411\u3051\u6295\u8cc7\uff08HBM\u30fb\u6700\u5148\u7aef\u30ed\u30b8\u30c3\u30af\uff09\u306e\u529b\u5f37\u3044\u9700\u8981\u3068\u30d5\u30a3\u30fc\u30eb\u30c9\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\uff08\u4fdd\u5b88\u30fb\u6539\u9020\uff09\u4e8b\u696d\u306e\u4f38\u9577\u304c\u5bc4\u4e0e\u3057\u3001\u58f2\u4e0a\u9ad8\u30fb\u7d14\u5229\u76ca\u3068\u3082\u306b\u904e\u53bb\u6700\u9ad8\u3092\u66f4\u65b0\u3057\u307e\u3057\u305f\u3002<\/p>\n<table data-path-to-node=\"51\">\n<thead>\n<tr>\n<td><strong>\u640d\u76ca\u9805\u76ee<\/strong><\/td>\n<td><strong>2025\u5e743\u6708\u671f\uff08\u5b9f\u7e3e\uff09<\/strong><\/td>\n<td><strong>2026\u5e743\u6708\u671f\uff08\u5b9f\u7e3e\uff09<\/strong><\/td>\n<td><strong>\u524d\u5e74\u540c\u671f\u6bd4 (YoY)<\/strong><\/td>\n<td><strong>\u6982\u8981\u30fb\u5909\u52d5\u7406\u7531<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"51,1,0,0\"><b data-path-to-node=\"51,1,0,0\" data-index-in-node=\"0\">\u58f2\u4e0a\u9ad8<\/b><\/span><\/td>\n<td><span data-path-to-node=\"51,1,1,0\">2\u51464,315\u5104\u5186<\/span><\/td>\n<td><span data-path-to-node=\"51,1,2,0\"><b data-path-to-node=\"51,1,2,0\" data-index-in-node=\"0\">2\u51464,435\u5104\u5186<\/b><\/span><\/td>\n<td><span data-path-to-node=\"51,1,3,0\"><b data-path-to-node=\"51,1,3,0\" data-index-in-node=\"0\">+0.5%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"51,1,4,0\"><b data-path-to-node=\"51,1,4,0\" data-index-in-node=\"0\">\u904e\u53bb\u6700\u9ad8\u3092\u66f4\u65b0<\/b>\u3002\u5148\u7aefAI\u9700\u8981\u304c\u5805\u8abf\u306b\u63a8\u79fb\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"51,2,0,0\"><b data-path-to-node=\"51,2,0,0\" data-index-in-node=\"0\">\u55b6\u696d\u5229\u76ca<\/b><\/span><\/td>\n<td><span data-path-to-node=\"51,2,1,0\">6,973\u5104\u5186<\/span><\/td>\n<td><span data-path-to-node=\"51,2,2,0\"><b data-path-to-node=\"51,2,2,0\" data-index-in-node=\"0\">6,249\u5104\u5186<\/b><\/span><\/td>\n<td><span data-path-to-node=\"51,2,3,0\"><b data-path-to-node=\"51,2,3,0\" data-index-in-node=\"0\">\u25b210.4%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"51,2,4,0\">\u5c06\u6765\u3092\u898b\u636e\u3048\u305fR&amp;D\u6295\u8cc7\uff08\u524d\u5e74\u6bd4+11.1%\u5897\u306e2,778\u5104\u5186\uff09\u7b49\u306e\u5148\u884c\u8cbb\u7528\u306b\u3088\u308a\u3084\u3084\u6e1b\u76ca\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"51,3,0,0\"><b data-path-to-node=\"51,3,0,0\" data-index-in-node=\"0\">\u5f53\u671f\u7d14\u5229\u76ca<\/b><\/span><\/td>\n<td><span data-path-to-node=\"51,3,1,0\">5,441\u5104\u5186<\/span><\/td>\n<td><span data-path-to-node=\"51,3,2,0\"><b data-path-to-node=\"51,3,2,0\" data-index-in-node=\"0\">5,744\u5104\u5186<\/b><\/span><\/td>\n<td><span data-path-to-node=\"51,3,3,0\"><b data-path-to-node=\"51,3,3,0\" data-index-in-node=\"0\">+5.6%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"51,3,4,0\"><b data-path-to-node=\"51,3,4,0\" data-index-in-node=\"0\">\u904e\u53bb\u6700\u9ad8\u3092\u66f4\u65b0<\/b>\u3002\u653f\u7b56\u4fdd\u6709\u682a\u5f0f\u58f2\u5374\u306b\u3088\u308b\u7279\u5225\u5229\u76ca\uff081,154\u5104\u5186\uff09\u3082\u8ca2\u732e\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"51,4,0,0\"><b data-path-to-node=\"51,4,0,0\" data-index-in-node=\"0\">1\u682a\u76ca\uff08EPS\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"51,4,1,0\">1,182.4\u5186<\/span><\/td>\n<td><span data-path-to-node=\"51,4,2,0\"><b data-path-to-node=\"51,4,2,0\" data-index-in-node=\"0\">1,254.6\u5186<\/b><\/span><\/td>\n<td><span data-path-to-node=\"51,4,3,0\"><b data-path-to-node=\"51,4,3,0\" data-index-in-node=\"0\">+6.1%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"51,4,4,0\">\u904e\u53bb\u6700\u9ad8\u306e\u7a3c\u3050\u529b\u3092\u8a3c\u660e\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<blockquote data-path-to-node=\"52\">\n<p data-path-to-node=\"52,0\"><b data-path-to-node=\"52,0\" data-index-in-node=\"0\">2027\u5e743\u6708\u671f \u4e0a\u534a\u671f\u898b\u901a\u3057\uff1a<\/b><\/p>\n<p data-path-to-node=\"52,0\">\u4eca\u671f\uff082027\u5e743\u6708\u671f\uff09\u4e0a\u534a\u671f\uff082026\u5e744\u301c9\u6708\uff09\u306e\u9023\u7d50\u696d\u7e3e\u4e88\u60f3\u306f\u3001\u58f2\u4e0a\u9ad81\u51465,700\u5104\u5186\uff08\u524d\u5e74\u540c\u671f\u6bd4+33.1%\u5897\uff09\u3001\u55b6\u696d\u5229\u76ca4,310\u5104\u5186\uff08\u540c+42.2%\u5897\uff09\u3068\u516c\u8868\u3055\u308c\u3066\u304a\u308a\u3001\u518d\u3073\u5f37\u529b\u306a\u5897\u53ce\u5897\u76ca\u306e\u62e1\u5927\u8ecc\u9053\u306b\u56de\u5e30\u3059\u308b\u898b\u901a\u3057\u3067\u3059\u3002<\/p>\n<\/blockquote>\n<h3 data-path-to-node=\"53\">5-2. \u682a\u4fa1\u6307\u6a19\uff08PER\u30fbPBR\u30fb\u914d\u5f53\u5229\u56de\u308a\uff09<\/h3>\n<ul data-path-to-node=\"54\">\n<li>\n<p data-path-to-node=\"54,0,0\"><b data-path-to-node=\"54,0,0\" data-index-in-node=\"0\">\u682a\u4fa1\u6c34\u6e96\uff1a<\/b> <b data-path-to-node=\"54,0,0\" data-index-in-node=\"6\">67,790\u5186\u524d\u5f8c<\/b>\uff082026\u5e747\u6708\u73fe\u5728\uff09<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"54,1,0\"><b data-path-to-node=\"54,1,0\" data-index-in-node=\"0\">\u4e88\u60f3PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\uff1a<\/b> <b data-path-to-node=\"54,1,0\" data-index-in-node=\"14\">\u7d04 37\u500d \u301c 53\u500d<\/b><\/p>\n<ul data-path-to-node=\"54,1,1\">\n<li>\n<p data-path-to-node=\"54,1,1,0,0\"><i data-path-to-node=\"54,1,1,0,0\" data-index-in-node=\"0\">\u89e3\u8aac\uff1a<\/i> \u6771\u8a3c\u30d7\u30e9\u30a4\u30e0\u5168\u9298\u67c4\u306e\u5e73\u5747\uff08\u7d0415\u500d\uff09\u3068\u6bd4\u8f03\u3059\u308b\u3068\u9ad8\u6c34\u6e96\u3067\u3059\u3002\u3053\u308c\u306f\u5e02\u5834\u304c\u540c\u793e\u306e2027\u5e74\u301c2028\u5e74\u4ee5\u964d\u306eAI\u7206\u767a\u306b\u4f34\u3046EPS\uff081\u682a\u5229\u76ca\uff09\u6210\u9577\u3092\u524d\u5012\u3057\u3067\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p data-path-to-node=\"54,2,0\"><b data-path-to-node=\"54,2,0\" data-index-in-node=\"0\">\u5b9f\u7e3ePBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\uff1a<\/b> <b data-path-to-node=\"54,2,0\" data-index-in-node=\"16\">\u7d04 13\u500d \u301c 15\u500d<\/b><\/p>\n<ul data-path-to-node=\"54,2,1\">\n<li>\n<p data-path-to-node=\"54,2,1,0,0\"><i data-path-to-node=\"54,2,1,0,0\" data-index-in-node=\"0\">\u89e3\u8aac\uff1a<\/i> \u9ad8\u3044ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u738730%\u8d85\uff09\u3068\u8cc7\u672c\u52b9\u7387\u306e\u9ad8\u3055\u3092\u53cd\u6620\u3057\u305f\u4e16\u754c\u57fa\u6e96\u306e\u30b0\u30ed\u30fc\u30b9\u8a55\u4fa1\u3067\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p data-path-to-node=\"54,3,0\" id=\"p-rc_2f923f863853c95e-253\"><b data-path-to-node=\"54,3,0\" data-index-in-node=\"0\"><span class=\"citation-544 citation-end-544\">\u5e74\u9593\u914d\u5f53\u91d1\uff08\u5b9f\u7e3e\uff09\uff1a<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c3417368637=\"\"><sup _ngcontent-ng-c3417368637=\"\" class=\"superscript\" data-turn-source-index=\"4\"><\/sup><\/source-footnote><\/span><\/b> <span class=\"citation-543\"><\/span><b data-path-to-node=\"54,3,0\" data-index-in-node=\"11\"><span class=\"citation-543\">1\u682a\u3042\u305f\u308a 628\u5186<\/span><\/b><span class=\"citation-543 citation-end-543\">\uff08\u4e2d\u9593264\u5186\uff0f\u671f\u672b364\u5186\uff09<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c3417368637=\"\"><sup _ngcontent-ng-c3417368637=\"\" class=\"superscript\" data-turn-source-index=\"5\"><\/sup><\/source-footnote><\/span><sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c567799229=\"\"><source-inline-chip _ngcontent-ng-c567799229=\"\" _nghost-ng-c434047400=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"54,4,0\"><b data-path-to-node=\"54,4,0\" data-index-in-node=\"0\">\u4e88\u60f3\u914d\u5f53\u5229\u56de\u308a\uff1a<\/b> <b data-path-to-node=\"54,4,0\" data-index-in-node=\"9\">\u7d04 0.9% \u301c 1.0%<\/b><\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"55\">5-3. \u660e\u78ba\u306a\u914d\u5f53\u65b9\u91dd\uff08\u9023\u7d50\u914d\u5f53\u6027\u541150%\uff09<\/h3>\n<p data-path-to-node=\"56\">TEL\u306f\u682a\u4e3b\u9084\u5143\u306b\u304a\u3044\u3066\u3001\u65e5\u672c\u4f01\u696d\u306e\u4e2d\u3067\u6700\u3082\u900f\u660e\u6027\u306e\u9ad8\u3044\u9084\u5143\u30eb\u30fc\u30eb\u3092\u8a2d\u5b9a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<ol start=\"1\" data-path-to-node=\"57\">\n<li>\n<p data-path-to-node=\"57,0,0\" id=\"p-rc_2f923f863853c95e-254\"><b data-path-to-node=\"57,0,0\" data-index-in-node=\"0\">\u696d\u7e3e\u9023\u52d5\u578b\u306e\u57fa\u672c\u76ee\u6a19\uff1a<\/b> <span class=\"citation-542 citation-end-542\">\u89aa\u4f1a\u793e\u682a\u4e3b\u306b\u5e30\u5c5e\u3059\u308b\u5f53\u671f\u7d14\u5229\u76ca\u306b\u5bfe\u3057\u3066\u300c\u9023\u7d50\u914d\u5f53\u6027\u5411 50%\u300d\u3092\u76ee\u51e6\u3068\u3057\u3066\u914d\u5f53\u91d1\u984d\u3092\u6c7a\u5b9a\u3057\u307e\u3059\u3002<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c3417368637=\"\"><sup _ngcontent-ng-c3417368637=\"\" class=\"superscript\" data-turn-source-index=\"6\"><\/sup><\/source-footnote><\/span><sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c567799229=\"\"><source-inline-chip _ngcontent-ng-c567799229=\"\" _nghost-ng-c434047400=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"57,1,0\"><b data-path-to-node=\"57,1,0\" data-index-in-node=\"0\">\u6e1b\u76ca\u6642\u306e\u914d\u5f53\u4e0b\u9650\u30eb\u30fc\u30eb\uff1a<\/b> \u696d\u7e3e\u304c\u4e00\u6642\u7684\u306b\u843d\u3061\u8fbc\u3093\u3060\u5834\u5408\u3067\u3082\u3001\u300c1\u682a\u5f53\u305f\u308a\u5e74\u9593\u914d\u5f53\u91d150\u5186\u300d\u3092\u4e0b\u9650\u3068\u3057\u3066\u8a2d\u5b9a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"57,2,0\"><b data-path-to-node=\"57,2,0\" data-index-in-node=\"0\">\u6a5f\u52d5\u7684\u306a\u81ea\u793e\u682a\u8cb7\u3044\uff1a<\/b> \u914d\u5f53\u306b\u52a0\u3048\u3001\u4f59\u5270\u8cc7\u91d1\u304c\u751f\u3058\u305f\u5834\u5408\u306f1,000\u5104\u301c1,500\u5104\u5186\u898f\u6a21\u306e\u81ea\u793e\u682a\u8cb7\u3044\u30fb\u6d88\u5374\u3092\u7d99\u7d9a\u7684\u306b\u5b9f\u65bd\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ol>\n<p data-path-to-node=\"58\"><i data-path-to-node=\"58\" data-index-in-node=\"0\">\u6ce8\uff1a\u682a\u4fa1\u4e0a\u6607\u306b\u3088\u3063\u3066\u8868\u9762\u7684\u306a\u300c\u914d\u5f53\u5229\u56de\u308a\u300d\u306f1%\u524d\u5f8c\u306b\u898b\u3048\u307e\u3059\u304c\u3001\u696d\u7e3e\uff08\u7d14\u5229\u76ca\uff09\u304c\u6210\u9577\u3059\u308c\u3070\u914d\u5f53\u984d\u81ea\u4f53\u304c\u30c0\u30a4\u30ec\u30af\u30c8\u306b\u5897\u3048\u308b\uff08\u5897\u914d\u3055\u308c\u308b\uff09\u305f\u3081\u3001\u9577\u671f\u4fdd\u6709\u306b\u3088\u3063\u3066\u53d6\u5f97\u5358\u4fa1\u306b\u5bfe\u3059\u308b\u914d\u5f53\u5229\u56de\u308a\uff08YOC: Yield on Cost\uff09\u304c\u5411\u4e0a\u3057\u3066\u3044\u304f\u69cb\u9020\u3067\u3059\u3002<\/i><\/p>\n<div class=\"xcd-attention-1 xcd-col2 xcd-ripple\">\n<div class=\"xcd-title\"><strong>\u8cc7\u7523\u904b\u7528\u3067\u5931\u6557\u3057\u305f\u304f\u306a\u3044\u65b9\u3078<\/strong><\/div>\n<div class=\"xcd-content\"><strong>\u79c1\u305f\u3061GFS\u3067\u306f\u3001\u5b66\u6821\u3067\u306f\u6559\u3048\u3066\u3082\u3089\u3048\u306a\u304b\u3063\u305f\u304a\u91d1\u306e\u3053\u3068\u304c\u308f\u304b\u308b\u7121\u6599\u30b3\u30f3\u30c6\u30f3\u30c4\u3092\u3054\u7528\u610f\u3057\u3066\u3044\u307e\u3059\u3002<\/strong><br \/>\n<strong><span style=\"color: #0066c0;\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=om&amp;utm_medium=om&amp;utm_content=14519\" style=\"color: #0066c0;\">\u226b \u7121\u6599\u8b1b\u5ea7\uff1a\u304a\u91d1\u306e\u30d7\u30ed\u304c\u6559\u3048\u308b\u300c\u521d\u5fc3\u8005\u304c\u6bce\u6708\u53ce\u5165\u3092\u5f97\u308b\u6295\u8cc7\u306e\u59cb\u3081\u65b9\u300d<\/a><\/span><\/strong><\/div>\n<\/div>\n<h2 data-path-to-node=\"60\">\u7b2c6\u7ae0\uff1a\u6700\u5927\u306e\u7126\u70b9\u300c\u7c73\u56fd\u306e\u5bfe\u4e2d\u534a\u5c0e\u4f53\u8f38\u51fa\u898f\u5236\u300d\u3068\u5730\u57df\u5225\u58f2\u4e0a\u63a8\u79fb<\/h2>\n<p data-path-to-node=\"61\">\u6295\u8cc7\u5bb6\u304cTEL\u3092\u691c\u8a0e\u3059\u308b\u4e0a\u3067\u6700\u3082\u6ce8\u8996\u3059\u3079\u304d\u5916\u90e8\u30ea\u30b9\u30af\u304c\u3001<b data-path-to-node=\"61\" data-index-in-node=\"28\">\u7c73\u56fd\u306e\u5bfe\u4e2d\u56fd\u534a\u5c0e\u4f53\u8f38\u51fa\u898f\u5236<\/b>\u3067\u3059\u3002\u305d\u306e\u5b9f\u614b\u3068\u696d\u7e3e\u3078\u306e\u5f71\u97ff\u3092\u30c7\u30fc\u30bf\u3067\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"62\">6-1. \u5730\u57df\u5225\u58f2\u4e0a\u9ad8\u6bd4\u7387\u306e\u6700\u65b0\u63a8\u79fb\uff08\u4e2d\u56fd\u30ea\u30b9\u30af\u306e\u5e73\u6e96\u5316\uff09<\/h3>\n<p data-path-to-node=\"63\">\u304b\u3064\u3066\u5e02\u5834\u306f\u300cTEL\u306e\u58f2\u4e0a\u306e40%\u4ee5\u4e0a\u304c\u4e2d\u56fd\u5411\u3051\u3067\u3042\u308a\u3001\u7c73\u56fd\u306e\u898f\u5236\u5f37\u5316\u306b\u3088\u3063\u3066\u696d\u7e3e\u304c\u6fc0\u6e1b\u3059\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u300d\u3068\u3044\u3046\u61f8\u5ff5\uff08\u5730\u653f\u5b66\u30ea\u30b9\u30af\uff09\u3092\u5f37\u304f\u62b1\u3044\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n<p data-path-to-node=\"63\">\u3057\u304b\u3057\u3001\u76f4\u8fd12026\u5e743\u6708\u671f\u306e\u6c7a\u7b97\u30c7\u30fc\u30bf\u3092\u8ffd\u3046\u3068\u3001<b data-path-to-node=\"63\" data-index-in-node=\"103\">\u4e2d\u56fd\u4f9d\u5b58\u5ea6\u304c\u4e0b\u304c\u308a\u3001\u53f0\u6e7e\u30fb\u97d3\u56fd\u3078\u306e\u30b7\u30d5\u30c8\uff08\u30ea\u30d0\u30e9\u30f3\u30b9\uff09\u304c\u898b\u4e8b\u306b\u6210\u529f\u3057\u3066\u3044\u308b\u3053\u3068<\/b>\u304c\u308f\u304b\u308a\u307e\u3059\u3002<\/p>\n<h4 data-path-to-node=\"64\">2026\u5e743\u6708\u671f \u56db\u534a\u671f\u3054\u3068\u306e\u5730\u57df\u5225\u58f2\u4e0a\u69cb\u6210\u6bd4\u306e\u63a8\u79fb<\/h4>\n<p><response-element class=\"\" ng-version=\"0.0.0-PLACEHOLDER\"><code-block _nghost-ng-c3591150031=\"\" class=\"ng-tns-c3591150031-178 enable-luminous-code-block ng-star-inserted\"><\/code-block><\/response-element><\/p>\n<div _ngcontent-ng-c3591150031=\"\" class=\"code-block ng-tns-c3591150031-178 ng-animate-disabled ng-trigger ng-trigger-codeBlockRevealAnimation\" jslog=\"223238;track:impression,attention;BardVeMetadataKey:[[&quot;r_7afc2c3c82573d43&quot;,&quot;c_afb2ffe7f5bf07c3&quot;,null,&quot;rc_2f923f863853c95e&quot;,null,null,&quot;ja&quot;,null,1,null,null,1,0]]\">\n<div _ngcontent-ng-c3591150031=\"\" class=\"formatted-code-block-internal-container ng-tns-c3591150031-178\">\n<div _ngcontent-ng-c3591150031=\"\" class=\"animated-opacity ng-tns-c3591150031-178\">\n<pre _ngcontent-ng-c3591150031=\"\" class=\"ng-tns-c3591150031-178\"><code _ngcontent-ng-c3591150031=\"\" role=\"text\" data-test-id=\"code-content\" class=\"code-container formatted ng-tns-c3591150031-178 no-decoration-radius\">\u3010\u4e2d\u56fd\u6bd4\u7387\u306e\u63a8\u79fb\u3011\r\n Q1 (2025\/4-6)   : 38.6%\r\n Q2 (2025\/7-9)   : 40.3% \u2500\u2500\u2500 (\u99c6\u3051\u8fbc\u307f\u7279\u9700\u306e\u30d4\u30fc\u30af)\r\n Q3 (2025\/10-12) : 31.8%\r\n Q4 (2026\/1-3)   : 26.8% \u2500\u2500\u2500 (40%\u53f0\u304b\u308920%\u53f0\u53f0\u5f8c\u534a\u3078\u6025\u6fc0\u306b\u5e73\u6e96\u5316)\r\n<\/code><\/pre>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<table data-path-to-node=\"66\">\n<thead>\n<tr>\n<td><strong>\u5730\u57df<\/strong><\/td>\n<td><strong>Q1 (2025\/4-6)<\/strong><\/td>\n<td><strong>Q2 (2025\/7-9)<\/strong><\/td>\n<td><strong>Q3 (2025\/10-12)<\/strong><\/td>\n<td><strong>Q4 (2026\/1-3)<\/strong><\/td>\n<td><strong>\u30c8\u30ec\u30f3\u30c9\u3068\u80cc\u666f<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"66,1,0,0\"><b data-path-to-node=\"66,1,0,0\" data-index-in-node=\"0\">\u4e2d\u56fd<\/b><\/span><\/td>\n<td><span data-path-to-node=\"66,1,1,0\">38.6%<\/span><\/td>\n<td><span data-path-to-node=\"66,1,2,0\">40.3%<\/span><\/td>\n<td><span data-path-to-node=\"66,1,3,0\">31.8%<\/span><\/td>\n<td><span data-path-to-node=\"66,1,4,0\"><b data-path-to-node=\"66,1,4,0\" data-index-in-node=\"0\">26.8%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"66,1,5,0\">\u898f\u5236\u524d\u99c6\u3051\u8fbc\u307f\u8cb7\u3044\u306e\u4e00\u5de1\u306b\u4f34\u3044\u3001\u6bd4\u7387\u304c\u9069\u6b63\u6c34\u6e96\uff0820%\u53f0\uff09\u3078\u4f4e\u4e0b\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"66,2,0,0\"><b data-path-to-node=\"66,2,0,0\" data-index-in-node=\"0\">\u97d3\u56fd<\/b><\/span><\/td>\n<td><span data-path-to-node=\"66,2,1,0\">16.1%<\/span><\/td>\n<td><span data-path-to-node=\"66,2,2,0\">21.1%<\/span><\/td>\n<td><span data-path-to-node=\"66,2,3,0\">27.1%<\/span><\/td>\n<td><span data-path-to-node=\"66,2,4,0\"><b data-path-to-node=\"66,2,4,0\" data-index-in-node=\"0\">24.3%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"66,2,5,0\">\u30b5\u30e0\u30b9\u30f3\u30fbSK\u306eAI\u7528\u300cHBM\u300d\u6295\u8cc7\u5897\u3067\u5927\u5e45\u62e1\u5927\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"66,3,0,0\"><b data-path-to-node=\"66,3,0,0\" data-index-in-node=\"0\">\u53f0\u6e7e<\/b><\/span><\/td>\n<td><span data-path-to-node=\"66,3,1,0\">17.5%<\/span><\/td>\n<td><span data-path-to-node=\"66,3,2,0\">22.4%<\/span><\/td>\n<td><span data-path-to-node=\"66,3,3,0\">19.0%<\/span><\/td>\n<td><span data-path-to-node=\"66,3,4,0\"><b data-path-to-node=\"66,3,4,0\" data-index-in-node=\"0\">22.0%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"66,3,5,0\">TSMC\u306e2nm\/3nm\u6700\u5148\u7aef\u30ce\u30fc\u30c9\u5411\u3051\u51fa\u8377\u304c\u6025\u5897\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"66,4,0,0\"><b data-path-to-node=\"66,4,0,0\" data-index-in-node=\"0\">\u5317\u7c73\u30fb\u65e5\u672c\u30fb\u4ed6<\/b><\/span><\/td>\n<td><span data-path-to-node=\"66,4,1,0\">\u6b8b\u308a<\/span><\/td>\n<td><span data-path-to-node=\"66,4,2,0\">\u6b8b\u308a<\/span><\/td>\n<td><span data-path-to-node=\"66,4,3,0\">\u6b8b\u308a<\/span><\/td>\n<td><span data-path-to-node=\"66,4,4,0\"><b data-path-to-node=\"66,4,4,0\" data-index-in-node=\"0\">\u7d0417%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"66,4,5,0\">\u7c73\u56fd\u30d5\u30a1\u30d6\u5efa\u8a2d\u3084\u56fd\u5185\u9700\u8981\u304c\u5b89\u5b9a\u5bc4\u4e0e\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4 data-path-to-node=\"67\">\u3053\u306e\u63a8\u79fb\u304c\u793a\u3059\u6295\u8cc7\u4e0a\u306e\u91cd\u8981\u610f\u5473<\/h4>\n<p data-path-to-node=\"68\" id=\"p-rc_2f923f863853c95e-255\"><span class=\"citation-541\">\u7b2c4\u56db\u534a\u671f\uff082026\u5e741\u301c3\u6708\u671f\uff09\u306b\u304a\u3044\u3066<\/span><b data-path-to-node=\"68\" data-index-in-node=\"21\"><span class=\"citation-541\">\u4e2d\u56fd\u6bd4\u7387\u304c26.8%\u307e\u3067\u4f4e\u4e0b\u3057\u305f\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001TEL\u5168\u4f53\u306e\u58f2\u4e0a\u9ad8\u306f\u56db\u534a\u671f\u30d9\u30fc\u30b9\u30677,118\u5104\u5186\uff08\u524d\u56db\u534a\u671f\u6bd4+28.9%\u5897\uff09\u3068\u6025\u56de\u5fa9<\/span><\/b><span class=\"citation-541 citation-end-541\">\u3057\u307e\u3057\u305f\u3002<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c3417368637=\"\"><sup _ngcontent-ng-c3417368637=\"\" class=\"superscript\" data-turn-source-index=\"7\"><\/sup><\/source-footnote><\/span><\/p>\n<p data-path-to-node=\"68\" id=\"p-rc_2f923f863853c95e-255\"><span class=\"citation-540 citation-end-540\">\u3053\u308c\u306f\u3001\u4eee\u306b\u4eca\u5f8c\u7c73\u56fd\u306e\u898f\u5236\u304c\u3055\u3089\u306b\u53b3\u3057\u304f\u306a\u308a\u4e2d\u56fd\u5411\u3051\u58f2\u4e0a\u304c\u6291\u5236\u3055\u308c\u305f\u3068\u3057\u3066\u3082\u3001\u97d3\u56fd\u30fb\u53f0\u6e7e\u30fb\u5317\u7c73\u3092\u4e2d\u5fc3\u3068\u3059\u308b\u6700\u5148\u7aefAI\u9700\u8981\u304c\u305d\u308c\u3092\u5341\u5206\u306b\u76f8\u6bba\u30fb\u51cc\u99d5\u3057\u3066\u6210\u9577\u3067\u304d\u308b\u69cb\u9020\uff08\u5f37\u56fa\u306a\u5730\u57df\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\uff09\u304c\u5b8c\u6210\u3057\u305f\u3053\u3068\u3092\u610f\u5473\u3057\u3066\u3044\u307e\u3059\u3002<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c3417368637=\"\"><sup _ngcontent-ng-c3417368637=\"\" class=\"superscript\" data-turn-source-index=\"8\"><\/sup><\/source-footnote><\/span><sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c567799229=\"\"><source-inline-chip _ngcontent-ng-c567799229=\"\" _nghost-ng-c434047400=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/p>\n<h3 data-path-to-node=\"69\">6-2. \u7c73\u56fd\u5bfe\u4e2d\u898f\u5236\u306e\u6700\u65b0\u52d5\u5411\u3068\u4e2d\u56fd\u5074\u306e\u5bfe\u6297\u7b56<\/h3>\n<p data-path-to-node=\"70\">\u7c73\u56fd\u306e\u5bfe\u4e2d\u898f\u5236\u306f\u73fe\u5728\u3001\u5358\u306a\u308b\u7981\u8f38\u63aa\u7f6e\u304b\u3089\u300c\u9ad8\u5ea6\u306a\u5916\u4ea4\u30fb\u7523\u696d\u7ba1\u7406\u653f\u7b56\u300d\u3078\u3068\u9032\u5316\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<ol start=\"1\" data-path-to-node=\"71\">\n<li>\n<p data-path-to-node=\"71,0,0\"><b data-path-to-node=\"71,0,0\" data-index-in-node=\"0\">\u5148\u7aefAI\u6280\u8853\u306e\u53b3\u683c\u906e\u65ad\u3068\u65e7\u4e16\u4ee3\u306e\u5bb9\u8a8d\uff08\u4e8c\u6975\u7ba1\u7406\uff09\uff1a<\/b><\/p>\n<ul data-path-to-node=\"71,0,1\">\n<li>\n<p data-path-to-node=\"71,0,1,0,0\">\u7c73\u653f\u5e9c\u306fBlackwell\u306a\u3069\u306e\u6700\u5148\u7aefAI\u30a2\u30fc\u30ad\u30c6\u30af\u30c1\u30e3\u3084\u30012nm\u88fd\u9020\u306b\u5fc5\u8981\u306a\u6975\u9650\u88c5\u7f6e\uff08EUV\u95a2\u9023\u3084\u6700\u5148\u7aef\u30a8\u30c3\u30c1\u30f3\u30b0\uff09\u306e\u5bfe\u4e2d\u8f38\u51fa\u3092\u56fa\u304f\u7981\u3058\u308b\u4e00\u65b9\u3001\u5b9f\u52b9\u6027\u80fd\u3092\u5236\u9650\u3057\u305f\u65e7\u4e16\u4ee3\uff08H200\u7b49\uff09\u3084\u30ec\u30ac\u30b7\u30fc\uff08\u6c4e\u7528\uff09\u88fd\u9020\u88c5\u7f6e\u306b\u3064\u3044\u3066\u306f\u3001\u30e9\u30a4\u30bb\u30f3\u30b9\u5236\u306e\u3082\u3068\u4e00\u5b9a\u306e\u8ca9\u58f2\u3092\u5bb9\u8a8d\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p data-path-to-node=\"71,1,0\"><b data-path-to-node=\"71,1,0\" data-index-in-node=\"0\">\u7b2c\u4e09\u56fd\u7d4c\u7531\u306e\u76e3\u8996\uff08FDPR\uff09\u306e\u53b3\u683c\u5316\uff1a<\/b><\/p>\n<ul data-path-to-node=\"71,1,1\">\n<li>\n<p data-path-to-node=\"71,1,1,0,0\">\u7c73\u56fd\u306e\u6280\u8853\u3092\u4e00\u90e8\u3067\u3082\u542b\u3080\u88fd\u54c1\u306b\u3064\u3044\u3066\u3001\u7b2c\u4e09\u56fd\u3092\u7d4c\u7531\u3057\u305f\u5bc6\u8f38\u3084\u6280\u8853\u6d41\u51fa\u306b\u5bfe\u3059\u308b\u7f70\u5247\u3068\u76e3\u8996\u4f53\u5236\uff08BIS\uff09\u304c\u5927\u5e45\u306b\u5f37\u5316\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p data-path-to-node=\"71,2,0\"><b data-path-to-node=\"71,2,0\" data-index-in-node=\"0\">\u4e2d\u56fd\u5074\u306e\u30ab\u30a6\u30f3\u30bf\u30fc\u898f\u5236\uff08\u91cd\u8981\u9271\u7269\u306e\u6b66\u5668\u5316\uff09\uff1a<\/b><\/p>\n<ul data-path-to-node=\"71,2,1\">\n<li>\n<p data-path-to-node=\"71,2,1,0,0\">\u4e2d\u56fd\u5074\u3082\u9632\u6226\u306e\u307f\u306a\u3089\u305a\u3001\u30ac\u30ea\u30a6\u30e0\u3001\u30b2\u30eb\u30de\u30cb\u30a6\u30e0\u3001\u30a2\u30f3\u30c1\u30e2\u30f3\u3001\u91cd\u30ec\u30a2\u30a2\u30fc\u30b9\u306a\u3069\u306e\u534a\u5c0e\u4f53\u539f\u6750\u6599\u306e\u6b27\u7c73\u5411\u3051\u8f38\u51fa\u7ba1\u7406\u3092\u5f37\u5316\u3057\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u5168\u4f53\u3092\u727d\u5236\u3059\u308b\u653b\u9632\u304c\u7d9a\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<p data-path-to-node=\"72\">TEL\u3092\u306f\u3058\u3081\u3068\u3059\u308b\u65e5\u672c\u4f01\u696d\u306f\u3001\u3053\u306e\u7c73\u4e2d\u5bfe\u7acb\u306e\u30eb\u30fc\u30eb\u3092\u53b3\u683c\u306b\u9075\u5b88\u3057\u306a\u304c\u3089\u3001\u898f\u5236\u5bfe\u8c61\u5916\u3067\u3042\u308b\u300c\u897f\u5074\u8af8\u56fd\u306e\u5148\u7aefAI\u6295\u8cc7\u300d\u3068\u300c\u4e2d\u56fd\u306e\u30ec\u30ac\u30b7\u30fc\u6295\u8cc7\u300d\u306e\u53cc\u65b9\u304b\u3089\u53ce\u76ca\u3092\u6700\u5927\u5316\u3059\u308b\u9ad8\u5ea6\u306a\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u7d4c\u55b6\u3092\u884c\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<h2 data-path-to-node=\"74\">\u7b2c7\u7ae0\uff1a\u4eca\u5f8c\u60f3\u5b9a\u3055\u308c\u308b\u682a\u4fa1\u30b7\u30ca\u30ea\u30aa\u5206\u6790<\/h2>\n<p data-path-to-node=\"75\">\u4eca\u5f8c\u306eTEL\u306e\u682a\u4fa1\u306b\u3064\u3044\u3066\u3001\u3069\u306e\u3088\u3046\u306a\u8981\u56e0\u3067\u4e0a\u6607\u30fb\u4e0b\u843d\u3059\u308b\u306e\u304b\u30013\u3064\u306e\u30b7\u30ca\u30ea\u30aa\u3067\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"76\">\u682a\u4fa1\u30b7\u30ca\u30ea\u30aa\u5206\u5c90\u30e2\u30c7\u30eb<\/h3>\n<p><response-element class=\"\" ng-version=\"0.0.0-PLACEHOLDER\"><code-block _nghost-ng-c3591150031=\"\" class=\"ng-tns-c3591150031-179 enable-luminous-code-block ng-star-inserted\"><\/code-block><\/response-element><\/p>\n<div _ngcontent-ng-c3591150031=\"\" class=\"code-block ng-tns-c3591150031-179 ng-animate-disabled ng-trigger ng-trigger-codeBlockRevealAnimation\" jslog=\"223238;track:impression,attention;BardVeMetadataKey:[[&quot;r_7afc2c3c82573d43&quot;,&quot;c_afb2ffe7f5bf07c3&quot;,null,&quot;rc_2f923f863853c95e&quot;,null,null,&quot;ja&quot;,null,1,null,null,1,0]]\">\n<div _ngcontent-ng-c3591150031=\"\" class=\"formatted-code-block-internal-container ng-tns-c3591150031-179\">\n<div _ngcontent-ng-c3591150031=\"\" class=\"animated-opacity ng-tns-c3591150031-179\">\n<pre _ngcontent-ng-c3591150031=\"\" class=\"ng-tns-c3591150031-179\"><code _ngcontent-ng-c3591150031=\"\" role=\"text\" data-test-id=\"code-content\" class=\"code-container formatted ng-tns-c3591150031-179 no-decoration-radius\">                   \u250c\u2500\u2500&gt; \u3010\u5f37\u6c17\u30b7\u30ca\u30ea\u30aa\u3011 AI\u666e\u53ca\u52a0\u901f\u30fb2nm\u91cf\u7523 \u2500\u2500\u2500&gt; \u696d\u7e3e\u6700\u9ad8\u66f4\u65b0\u30fb\u4e0a\u5024\u3092\u8ffd\u3046\r\n                   \u2502\r\n[\u73fe\u5728\u306e\u682a\u4fa1\u6c34\u6e96] \u2500\u2500\u253c\u2500\u2500&gt; \u3010\u4e2d\u7acb\u30b7\u30ca\u30ea\u30aa\u3011 \u6c11\u751f\u7528\u7de9\u3084\u304b\u56de\u5fa9 \u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500&gt; \u4e00\u5b9a\u30ec\u30f3\u30b8\u3067\u306e\u30dc\u30c3\u30af\u30b9\u63a8\u79fb\r\n                   \u2502\r\n                   \u2514\u2500\u2500&gt; \u3010\u5f31\u6c17\u30b7\u30ca\u30ea\u30aa\u3011 \u7c73\u4e2d\u5bfe\u7acb\u6fc0\u5316\u30fb\u666f\u6c17\u5f8c\u9000 \u2500\u2500\u2500&gt; 20\u301c30%\u306e\u8abf\u6574\u5c40\u9762\u5f62\u6210\r\n<\/code><\/pre>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<h4 data-path-to-node=\"78\">\u2460 \u5f37\u6c17\u30b7\u30ca\u30ea\u30aa\uff08\u767a\u751f\u78ba\u7387\uff1a\u9ad8\uff09<\/h4>\n<ul data-path-to-node=\"79\">\n<li>\n<p data-path-to-node=\"79,0,0\" id=\"p-rc_2f923f863853c95e-256\"><b data-path-to-node=\"79,0,0\" data-index-in-node=\"0\"><span class=\"citation-539 citation-end-539\">\u8981\u56e0\uff1a<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c3417368637=\"\"><sup _ngcontent-ng-c3417368637=\"\" class=\"superscript\" data-turn-source-index=\"9\"><\/sup><\/source-footnote><\/span><\/b> \u751f\u6210AI\u306e\u7528\u9014\u62e1\u5927\uff08\u30a8\u30c3\u30b8AI\u7aef\u672b\u306e\u666e\u53ca\uff09\u3001TSMC\u306b\u3088\u308b2nm\u4e16\u4ee3\u306e\u672c\u683c\u91cf\u7523\u958b\u59cb\u3001DRAM\u30fbNAND\u306e\u30e1\u30e2\u30ea\u5e02\u6cc1\u306e\u5b8c\u5168\u5fa9\u6d3b\u3002<sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c567799229=\"\"><source-inline-chip _ngcontent-ng-c567799229=\"\" _nghost-ng-c434047400=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"79,1,0\"><b data-path-to-node=\"79,1,0\" data-index-in-node=\"0\">\u682a\u4fa1\u52d5\u5411\uff1a<\/b> \u4eca\u671f\uff082027\u5e743\u6708\u671f\uff09\u306e\u5927\u5e45\u5897\u53ce\u5897\u76ca\u8a08\u753b\u3092\u9054\u6210\u3057\u3001PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u306e\u5207\u308a\u4e0a\u304c\u308a\u3068\u3068\u3082\u306b\u904e\u53bb\u6700\u9ad8\u5024\u3092\u66f4\u65b0\u3057\u7d9a\u3051\u308b\u5c55\u958b\u3002<\/p>\n<\/li>\n<\/ul>\n<h4 data-path-to-node=\"80\">\u2461 \u4e2d\u7acb\u30b7\u30ca\u30ea\u30aa\uff08\u767a\u751f\u78ba\u7387\uff1a\u4e2d\uff09<\/h4>\n<ul data-path-to-node=\"81\">\n<li>\n<p data-path-to-node=\"81,0,0\" id=\"p-rc_2f923f863853c95e-257\"><b data-path-to-node=\"81,0,0\" data-index-in-node=\"0\"><span class=\"citation-538 citation-end-538\">\u8981\u56e0\uff1a<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c3417368637=\"\"><sup _ngcontent-ng-c3417368637=\"\" class=\"superscript\" data-turn-source-index=\"10\"><\/sup><\/source-footnote><\/span><\/b> AI\u5411\u3051\u9700\u8981\u306f\u6975\u3081\u3066\u5f37\u529b\u306a\u3082\u306e\u306e\u3001\u4e00\u822c\u7684\u306a\u30b9\u30de\u30fc\u30c8\u30d5\u30a9\u30f3\u3084PC\u306a\u3069\u306e\u6c11\u751f\u7528\u534a\u5c0e\u4f53\u306e\u9700\u8981\u56de\u5fa9\u304c\u60f3\u5b9a\u3088\u308a\u9045\u308c\u308b\u3002<sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c567799229=\"\"><source-inline-chip _ngcontent-ng-c567799229=\"\" _nghost-ng-c434047400=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"81,1,0\" id=\"p-rc_2f923f863853c95e-258\"><b data-path-to-node=\"81,1,0\" data-index-in-node=\"0\">\u682a\u4fa1\u52d5\u5411\uff1a<\/b> <span class=\"citation-537 citation-end-537\">\u696d\u7e3e\u306f\u597d\u8abf\u3092\u7dad\u6301\u3059\u308b\u304c\u3001\u9ad8PER\u3078\u306e\u8b66\u6212\u611f\u304b\u3089\u682a\u4fa1\u306f\u4e00\u5b9a\u306e\u4fa1\u683c\u5e2f\uff08\u9ad8\u5024\u570f\u3067\u306e\u30dc\u30c3\u30af\u30b9\u76f8\u5834\uff09\u3092\u4e0a\u4e0b\u3057\u306a\u304c\u3089\u63a8\u79fb\u3059\u308b\u3002<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c3417368637=\"\"><sup _ngcontent-ng-c3417368637=\"\" class=\"superscript\" data-turn-source-index=\"11\"><\/sup><\/source-footnote><\/span><sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c567799229=\"\"><source-inline-chip _ngcontent-ng-c567799229=\"\" _nghost-ng-c434047400=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/p>\n<\/li>\n<\/ul>\n<h4 data-path-to-node=\"82\">\u2462 \u5f31\u6c17\u30b7\u30ca\u30ea\u30aa\uff08\u767a\u751f\u78ba\u7387\uff1a\u4f4e\u301c\u4e2d\uff09<\/h4>\n<ul data-path-to-node=\"83\">\n<li>\n<p data-path-to-node=\"83,0,0\" id=\"p-rc_2f923f863853c95e-259\"><b data-path-to-node=\"83,0,0\" data-index-in-node=\"0\"><span class=\"citation-536 citation-end-536\">\u8981\u56e0\uff1a<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c3417368637=\"\"><sup _ngcontent-ng-c3417368637=\"\" class=\"superscript\" data-turn-source-index=\"12\"><\/sup><\/source-footnote><\/span><\/b> \u7c73\u56fd\u306b\u3088\u308b\u5bfe\u4e2d\u898f\u5236\u304c\u30ec\u30ac\u30b7\u30fc\uff08\u6c4e\u7528\uff09\u5206\u91ce\u306b\u307e\u3067\u5927\u5e45\u62e1\u5927\u3055\u308c\u308b\u3001\u3042\u308b\u3044\u306f\u4e16\u754c\u7684\u306a\u666f\u6c17\u5f8c\u9000\u306b\u3088\u308a\u5927\u624b\u30d5\u30a1\u30f3\u30c9\u30ea\u304c\u8a2d\u5099\u6295\u8cc7\u8a08\u753b\u3092\u4e00\u6642\u51cd\u7d50\u3059\u308b\u3002<sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c567799229=\"\"><source-inline-chip _ngcontent-ng-c567799229=\"\" _nghost-ng-c434047400=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"83,1,0\"><b data-path-to-node=\"83,1,0\" data-index-in-node=\"0\">\u682a\u4fa1\u52d5\u5411\uff1a<\/b> \u4e00\u6642\u7684\u306b\u696d\u7e3e\u671f\u5f85\u304c\u5265\u843d\u3057\u3001\u682a\u4fa1\u304c\u30d4\u30fc\u30af\u304b\u308920%\u301c30%\u4ee5\u4e0a\u306e\u6df1\u3044\u8abf\u6574\u3092\u5165\u308c\u308b\u5c55\u958b\u3002\u305f\u3060\u3057\u3001\u6280\u8853\u7684\u512a\u4f4d\u6027\u306f\u4e0d\u5909\u3067\u3042\u308b\u305f\u3081\u3001\u4e2d\u9577\u671f\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306f<b data-path-to-node=\"83,1,0\" data-index-in-node=\"78\">\u7d76\u597d\u306e\u8cb7\u3044\u5834<\/b>\u3068\u306a\u308b\u3002<\/p>\n<\/li>\n<\/ul>\n<h2 data-path-to-node=\"85\">\u7b2c8\u7ae0\uff1a\u521d\u5fc3\u8005\u304c\u5931\u6557\u3057\u306a\u3044\u305f\u3081\u306e\u30ea\u30b9\u30af\u7ba1\u7406\u3068\u5177\u4f53\u7684\u624b\u6cd5<\/h2>\n<p data-path-to-node=\"86\">\u5024\u52d5\u304d\u306e\u5927\u304d\u3044\u534a\u5c0e\u4f53\u682a\u306b\u6295\u8cc7\u3059\u308b\u969b\u3001\u521d\u5fc3\u8005\u304c\u77e5\u3063\u3066\u304a\u304f\u3079\u304d\u30ea\u30b9\u30af\u7ba1\u7406\u6cd5\u3068\u8cfc\u5165\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u307e\u3068\u3081\u307e\u3057\u305f\u3002<\/p>\n<h3 data-path-to-node=\"87\">8-1. \u30c1\u30a7\u30c3\u30af\u3059\u3079\u304d3\u3064\u306e\u5148\u884c\u6307\u6a19<\/h3>\n<ol start=\"1\" data-path-to-node=\"88\">\n<li>\n<p data-path-to-node=\"88,0,0\"><b data-path-to-node=\"88,0,0\" data-index-in-node=\"0\">BBRatio\uff08Book-to-Bill Ratio\uff09\uff1a<\/b> \u300c\u53d7\u6ce8\u984d \u00f7 \u51fa\u8377\u984d\u300d\u306e\u6bd4\u7387\u30021.0\u3092\u8d85\u3048\u3066\u3044\u308c\u3070\u9700\u8981\u304c\u4f9b\u7d66\u3092\u4e0a\u56de\u3063\u3066\u304a\u308a\u3001\u4eca\u5f8c\u306e\u696d\u7e3e\u304c\u62e1\u5927\u3059\u308b\u5f37\u529b\u306a\u30b5\u30a4\u30f3\u3067\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"88,1,0\"><b data-path-to-node=\"88,1,0\" data-index-in-node=\"0\">\u7c73SOX\u6307\u6570\uff08\u30d5\u30a3\u30e9\u30c7\u30eb\u30d5\u30a3\u30a2\u534a\u5c0e\u4f53\u682a\u6307\u6570\uff09\uff1a<\/b> \u7c73\u56fd\u306e\u4e3b\u8981\u534a\u5c0e\u4f5330\u9298\u67c4\u3067\u69cb\u6210\u3055\u308c\u308b\u6307\u6570\u3002\u65e5\u672c\u306e\u534a\u5c0e\u4f53\u682a\u306f\u3001\u524d\u65e5\u306eSOX\u6307\u6570\u306e\u5024\u52d5\u304d\u306b\u6975\u3081\u3066\u5f37\u304f\u9023\u52d5\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"88,2,0\"><b data-path-to-node=\"88,2,0\" data-index-in-node=\"0\">\u4e2d\u56fd\u58f2\u4e0a\u9ad8\u6bd4\u7387\u306e\u63a8\u79fb\uff1a<\/b> \u6c7a\u7b97\u77ed\u4fe1\u3067\u300c\u4e2d\u56fd\u5411\u3051\u58f2\u4e0a\u5272\u5408\u300d\u3092\u78ba\u8a8d\u3057\u3001\u7279\u5b9a\u56fd\u3078\u306e\u4f9d\u5b58\u5ea6\u304c\u6975\u7aef\u306b\u9ad8\u304f\u306a\u3063\u3066\u3044\u306a\u3044\u304b\u30c1\u30a7\u30c3\u30af\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ol>\n<h3 data-path-to-node=\"89\">8-2. \u304a\u3059\u3059\u3081\u306e\u8cfc\u5165\u30a2\u30d7\u30ed\u30fc\u30c1<\/h3>\n<h4 data-path-to-node=\"90\">\u2460 \u300c\u6642\u9593\u5206\u6563\uff08\u30c9\u30eb\u30b3\u30b9\u30c8\u5e73\u5747\u6cd5\uff09\u300d\u3092\u5fb9\u5e95\u3059\u308b<\/h4>\n<p data-path-to-node=\"91\">\u4e00\u62ec\u3067\u4e00\u5ea6\u306b\u5168\u984d\u3092\u6295\u8cc7\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u300c\u8cc7\u91d1\u30923\u301c4\u56de\u306b\u5206\u3051\u30013\u30f6\u6708\u301c\u534a\u5e74\u3054\u3068\u306b\u6642\u671f\u3092\u305a\u3089\u3057\u3066\u8cb7\u3046\u300d\u306e\u304c\u9244\u5247\u3067\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u30b7\u30ea\u30b3\u30f3\u30b5\u30a4\u30af\u30eb\u306b\u3088\u308b\u6025\u306a\u682a\u4fa1\u843d\u4e0b\u306e\u969b\u306b\u3082\u3001\u5e73\u5747\u53d6\u5f97\u5358\u4fa1\u3092\u81ea\u52d5\u7684\u306b\u5f15\u304d\u4e0b\u3052\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<h4 data-path-to-node=\"92\">\u2461 \u5358\u5143\u672a\u6e80\u682a\uff081\u682a\u6295\u8cc7\uff09\u3092\u6d3b\u7528\u3059\u308b<\/h4>\n<p data-path-to-node=\"93\">TEL\u306f1\u5358\u5143\uff08100\u682a\uff09\u3067\u8cfc\u5165\u3057\u3088\u3046\u3068\u3059\u308b\u3068\u7d04600\u4e07\u301c700\u4e07\u5186\u3082\u306e\u307e\u3068\u307e\u3063\u305f\u8cc7\u91d1\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"93\">SBI\u8a3c\u5238\uff08S\u682a\uff09\u3084\u697d\u5929\u8a3c\u5238\uff08\u304b\u3076\u30df\u30cb\uff09\u306a\u3069\u306e<b data-path-to-node=\"93\" data-index-in-node=\"73\">\u5358\u5143\u672a\u6e80\u682a\u30b5\u30fc\u30d3\u30b9\u3092\u5229\u7528\u3059\u308c\u3070\u30011\u682a\uff08\u7d046\u4e07\u301c7\u4e07\u5186\uff09\u304b\u3089\u8cfc\u5165\u53ef\u80fd<\/b>\u3067\u3059\u3002\u6bce\u67081\u682a\u305a\u3064\u30b3\u30c4\u30b3\u30c4\u3068\u7a4d\u307f\u7acb\u3066\u3066\u3044\u304f\u624b\u6cd5\u306f\u3001\u30ea\u30b9\u30af\u3092\u6700\u5c0f\u9650\u306b\u6291\u3048\u305f\u3044\u521d\u5fc3\u8005\u306b\u6700\u3082\u9069\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<h2 data-path-to-node=\"95\">\u7d42\u7ae0\uff1a\u307e\u3068\u3081\u3068\u6295\u8cc7\u5bb6\u30bf\u30a4\u30d7\u5225\u8a3a\u65ad<\/h2>\n<p data-path-to-node=\"96\">\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u306f\u3001\u65e5\u672c\u304c\u4e16\u754c\u306b\u8a87\u308b\u6280\u8853\u529b\u30fb\u53ce\u76ca\u529b\u30fb\u8cc7\u672c\u52b9\u7387\u3092\u5099\u3048\u305f\u300c\u6700\u5f37\u306e\u534a\u5c0e\u4f53\u88c5\u7f6e\u30e1\u30fc\u30ab\u30fc\u300d\u306e\u4e00\u793e\u3067\u3059\u3002<\/p>\n<h3 data-path-to-node=\"97\">\u3042\u306a\u305f\u306f\u300c\u8cb7\u3046\u3079\u304d\u300d\u304b\uff1f \u6700\u7d42\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8<\/h3>\n<ul data-path-to-node=\"98\">\n<li>\n<p data-path-to-node=\"98,0,0\"><b data-path-to-node=\"98,0,0\" data-index-in-node=\"0\">\u300c\u8cb7\u3044\u300d\u3092\u304a\u3059\u3059\u3081\u3059\u308b\u6295\u8cc7\u5bb6\uff1a<\/b><\/p>\n<ul data-path-to-node=\"98,0,1\">\n<li>\n<p data-path-to-node=\"98,0,1,0,0\">3\u301c5\u5e74\u4ee5\u4e0a\u306e\u9577\u671f\u8996\u70b9\u3067\u8cc7\u7523\u3092\u6210\u9577\u3055\u305b\u305f\u3044<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"98,0,1,1,0\">\u751f\u6210AI\u3084DX\u306a\u3069\u3001\u4eba\u985e\u306e\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u306e\u672a\u6765\u3092\u4fe1\u3058\u3066\u3044\u308b<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"98,0,1,2,0\">\u4e00\u6642\u7684\u306b\u682a\u4fa1\u304c20%\u4e0b\u304c\u3063\u3066\u3082\u614c\u3066\u305a\u306b\u4fdd\u6709\uff08\u307e\u305f\u306f\u8cb7\u3044\u5897\u3057\uff09\u3067\u304d\u308b\u5ea6\u91cf\u304c\u3042\u308b<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"98,0,1,3,0\">\u300c1\u682a\u6295\u8cc7\u300d\u306a\u3069\u3092\u6d3b\u7528\u3057\u3066\u6642\u9593\u5206\u6563\u3067\u7a4d\u307f\u7acb\u3066\u3089\u308c\u308b<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p data-path-to-node=\"98,1,0\"><b data-path-to-node=\"98,1,0\" data-index-in-node=\"0\">\u300c\u898b\u9001\u308a\u30fb\u4ed6\u9298\u67c4\u300d\u3092\u304a\u3059\u3059\u3081\u3059\u308b\u6295\u8cc7\u5bb6\uff1a<\/b><\/p>\n<ul data-path-to-node=\"98,1,1\">\n<li>\n<p data-path-to-node=\"98,1,1,0,0\">\u6570\u30f6\u6708\u301c1\u5e74\u4ee5\u5185\u306e\u77ed\u671f\u9593\u3067\u78ba\u5b9f\u306a\u5229\u76ca\u3092\u72d9\u3044\u305f\u3044<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"98,1,1,1,0\">\u65e5\u3005\u306e\u682a\u4fa1\u306e\u4e71\u9ad8\u4e0b\u306b\u30a4\u30e9\u30a4\u30e9\u30fb\u30cf\u30e9\u30cf\u30e9\u3057\u3066\u3057\u307e\u3046<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"98,1,1,2,0\">\u914d\u5f53\u91d1\u53ce\u5165\uff08\u9ad8\u914d\u5f53\u5229\u56de\u308a\uff09\u306e\u307f\u3092\u76ee\u7684\u3068\u3057\u305f\u30a4\u30f3\u30ab\u30e0\u30b2\u30a4\u30f3\u6295\u8cc7\u3092\u884c\u3044\u305f\u3044<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"99\">\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u3078\u306e\u6295\u8cc7\u306f\u3001\u5358\u306a\u308b\u682a\u5f0f\u306e\u58f2\u8cb7\u3092\u8d85\u3048\u3066\u3001\u300c\u3053\u308c\u304b\u3089\u306eAI\u6642\u4ee3\u3068\u4e16\u754c\u306e\u30c7\u30b8\u30bf\u30eb\u30a4\u30f3\u30d5\u30e9\u306e\u9032\u5316\u305d\u306e\u3082\u306e\u306b\u6295\u8cc7\u3059\u308b\u300d\u3068\u3044\u3046\u5927\u304d\u306a\u5922\u3068\u5408\u7406\u6027\u3092\u517c\u306d\u5099\u3048\u305f\u9078\u629e\u80a2\u3068\u306a\u308a\u307e\u3059\u3002\u81ea\u8eab\u306e\u6295\u8cc7\u30b9\u30bf\u30a4\u30eb\u3068\u30ea\u30b9\u30af\u8a31\u5bb9\u5ea6\u306b\u5408\u308f\u305b\u3066\u3001\u8ce2\u3044\u6295\u8cc7\u6226\u7565\u3092\u7d44\u307f\u7acb\u3066\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<div><\/div>\n<div class=\"xcd-attention-8 xcd-col5 xcd-ripple\">\n<div class=\"xcd-title\"><span style=\"font-size: 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\u6295\u8cc7\u306e\u9054\u4eba\u8b1b\u5ea7<\/a>\u300d\u3092\u307e\u305a\u306f\u304a\u8a66\u3057\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/span><\/b><\/p>\n<p>\u6295\u8cc7\u306e\u9054\u4eba\u306b\u306a\u308b\u6295\u8cc7\u8b1b\u5ea7\u306f\u3001\u751f\u5f92\u657050,000\u4eba\u3092\u8d85\u3048\u8b1b\u7fa9\u6570\u65e5\u672c\u4e00\u306e\u6295\u8cc7\u30b9\u30af\u30fc\u30eb<a 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href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=16989&amp;utm_content=16989\">\uff3c1\u5206\u3067\u7c21\u5358\u7533\u8fbc\uff0f<\/a><\/strong><\/div>\n<div class=\"cv-btn\" style=\"text-align: center;\"><strong><span class=\"cv-em\">\u7121\u6599<\/span><\/strong><br \/>\n<strong><span class=\"cv-text\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=16989&amp;utm_content=16989\n\">\u30aa\u30f3\u30e9\u30a4\u30f3\u8b1b\u5ea7\u306f\u3053\u3061\u3089<\/a><\/span><\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h3 data-path-to-node=\"4\">\u3010\u91cd\u8981\u3011\u514d\u8cac\u4e8b\u9805<\/h3>\n<ul data-path-to-node=\"5\">\n<li>\n<p data-path-to-node=\"5,0,0\"><b data-path-to-node=\"5,0,0\" data-index-in-node=\"0\">\u6295\u8cc7\u5224\u65ad\u306e\u6700\u7d42\u8cac\u4efb\uff1a<\/b> 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