[Monopoly: China's advanced packaging will reach 100 billion in 2029; equipment manufacturers are better than packaging and testing plants] On September 17, Morgan Stanley released a research report stating that China's advanced packaging is still a long-term growth track driven by AI, but there is a differentiation between the growth of industry scale and the profit growth of packaging and testing plants. The profits of packaging and testing factories depend on whether production capacity can be filled, and the income of equipment manufacturers depends on whether production capacity is under construction. Therefore, equipment manufacturers are preferred over packaging and testing factories, and those who increase share are preferred in the packaging and testing process.