產業鏈地圖Industry chains
台股產業鏈：上中下游標的與介紹Taiwan industry chains
15 條產業鏈的環節一覽；每條鏈的公司名單與完整資料在訂閱版。15 chains; companies and data for subscribers.
加權指數TAIEX46,28846,288+1.0%+1.0%標普 500 指數S&P 5007,6387,638+1.1%+1.1%美國 10 年期公債殖利率U.S. 10-Year Treasury Yield4.93%4.93%-9.2bps-9.2bps英國 10 年期公債殖利率U.K. 10-Year Gilt Yield5.22%5.22%-7.4bps-7.4bps布蘭特原油期貨Brent Crude Futures104.82 美元/桶USD 104.82/bbl-0.95%-0.95%BDI散裝指數Baltic Dry Index3,628 點3,628 points+3.4%+3.4%
AHI Journal
2026 年 9 月 20 日 星期日Sunday, September 20, 2026登入Log In訂閱Subscribe
產業鏈地圖為訂閱版內容Industry chains are for subscribers
- 每條鏈上游／中游／下游的台股公司與一句業務介紹Companies at each segment
- 每檔完整資料：月營收、最新季三率與 EPS、本益比與殖利率、20／60 日走勢、三大法人、贏家分點、主要客戶與產品組合Full data per company
- 名稱旁 ☆ 加入追蹤，和標的快訊、籌碼快訊同一份追蹤清單Follow names across the site
36 檔36 stocks訂閱版Subscriber
AI 伺服器AI servers
AI 伺服器產業鏈涵蓋從核心運算零組件、關鍵硬體配件到最終整機組裝。上游聚焦於伺服器管理晶片、高階銅箔基板與先進載板材料；中游由散熱模組、電源供應系統、機殼滑軌與伺服器高多層板等關…The AI server industry chain spans core computing components, critical hardware parts, and complete system assembly. Upstream players focus on server management chips (BMC), high-end copper clad lamin…
上游：晶片與關鍵基材、IC載板與先進封裝支援｜中游：伺服器高多層PCB、散熱與冷卻系統、電源、連接與機構件｜下游：系統代工與白牌整機、品牌伺服器與邊緣運算Upstream: Chips and Key Substrates, IC Substrate and Advanced Packaging | Midstream: High Multilayer Server PCB, Thermal and Cooling Systems, Power, Connectors, and Mechanical Parts | Downstream: EMS and White-Box Systems, Brand Servers and Edge Computing
32 檔32 stocks訂閱版Subscriber
半導體Semiconductors
半導體產業鏈涵蓋晶片從設計到成品的完整分工。上游聚焦於IC矽智財（IP）與IC設計，負責晶片架構與功能開發，亦包含關鍵設備與材料供應；中游為晶圓製造，依設計圖樣在晶圓上進行微縮製程…The semiconductor industry chain encompasses a comprehensive division of labor from chip design to finished devices. Upstream focuses on silicon intellectual property (IP) and IC design—responsible fo…
上游：IC設計與矽智財、半導體材料與設備｜中游：晶圓代工與製造｜下游：封裝與測試、記憶體模組與IC通路Upstream: IC Design and IP, Semiconductor Materials and Equipment | Midstream: Foundry and Wafer Fabrication | Downstream: OSAT and Testing Services, Memory Modules and IC Distribution
29 檔29 stocks訂閱版Subscriber
記憶體Memory
記憶體產業鏈涵蓋原物料與設備、晶片設計與製造、後段封裝測試，以及模組組裝與下游終端品牌。上游提供矽晶圓、製程設備與探針卡等耗材；中游負責 DRAM 及 Flash 記憶體晶片的製造…The memory industry chain spans raw materials and equipment, chip design and manufacturing, back-end packaging and testing, and module assembly for downstream end-market brands. Upstream vendors suppl…
上游：半導體材料與晶圓、設備與測試介面｜中游：記憶體製造與設計、記憶體封測代工｜下游：記憶體模組與品牌、儲存系統與連接器Upstream: Semiconductor Materials and Wafers, Equipment and Test Interfaces | Midstream: Memory Design and Manufacturing, Memory Packaging and Testing | Downstream: Memory Modules and Brands, Storage Systems and Connectors
37 檔37 stocks訂閱版Subscriber
PCB／CCL 與材料PCB, CCL and materials
PCB產業鏈涵蓋上游基礎材料、中游銅箔基板（CCL）與製程耗材設備，以及下游各類印刷電路板製造。上游提供玻纖布、銅箔與化學樹脂；中游將原料壓合製成CCL，為電路板的核心基材；下游則…The printed circuit board (PCB) industry chain encompasses upstream basic raw materials, midstream copper clad laminates (CCL) alongside process consumables and equipment, and downstream manufacturing…
上游：玻纖布與銅箔材料、化學品與加工材料｜中游：剛性銅箔基板（CCL）、軟性銅箔基板與覆蓋膜、PCB製程設備與耗材｜下游：多層硬板與HDI板、IC載板、軟板與軟硬結合板Upstream: Glass Yarn and Copper Foil, Chemicals and Process Materials | Midstream: Rigid CCL, FCCL and Coverlay Films, PCB Equipment and Consumables | Downstream: Multilayer Rigid and HDI Boards, IC Substrates, Flexible and Rigid-Flex PCB
33 檔33 stocks訂閱版Subscriber
光通訊與網通Optical and networking
光通訊與網通產業涵蓋數據傳輸所需的關鍵光電元件、高速傳輸介質與終端網通設備。上游負責光通訊磊晶、光學濾鏡、網通高頻銅箔基板及高頻射頻元件等基礎材料；中游將元件封裝製成光收發模組、被…The optical communication and networking sector encompasses optoelectronic components, high-speed transmission media, and end-user networking equipment. Upstream suppliers provide foundational materia…
上游：光電磊晶與光學元件、高頻高速CCL與射頻材料｜中游：光主被動元件與模組、高速傳輸連接線纜與微波組件、網通高層數PCB板｜下游：網通系統設備與終端Upstream: Optical Epi-Wafers and Components, High-Frequency CCL and RF Materials | Midstream: Active and Passive Optical Components, High-Speed Cables and Microwave Components, Networking High Multilayer PCB | Downstream: Networking Equipment and Terminals
34 檔34 stocks訂閱版Subscriber
散熱與電源Thermal and power
散熱與電源產業鏈涵蓋電子設備運行的能量供應與熱能管理。上游主要提供熱導管、均熱片、散熱材料與電容、電感等被動元件；中游聚焦於散熱模組、風扇、水冷機構件，以及交換式電源供應器、變壓器…The thermal and power supply industry chain encompasses energy conversion and thermal management critical to electronic hardware. Upstream suppliers primarily provide heat pipes, vapor chambers (VC), …
上游：散熱元件與導熱材料、電源關鍵零組件與被動元件｜中游：散熱模組與風扇方案、電源供應器與儲能系統｜下游：重電與電力分配設備、系統整合與終端代工Upstream: Thermal Components and Interface Materials, Power Components and Passives | Midstream: Thermal Modules and Cooling Fans, Power Supply and Energy Storage | Downstream: Heavy Electrical and Distribution Equipment, System Integration and Contract Manufacturing
27 檔27 stocks訂閱版Subscriber
顯示器與面板Displays
顯示器與面板產業涵蓋光學材料、零組件製造至模組整合。上游主要供應偏光板、光學膜、導光板、ITO導電玻璃及背光模組機構件等關鍵材料；中游由面板廠與利基型顯示模組廠進行液晶、OLED或…The display and flat-panel industry chain spans optical raw materials, component manufacturing, and module integration. Upstream vendors supply critical materials such as polarizers, optical films, li…
上游：光學膜與面板材料、背光模組與機構沖壓件、面板控制板與製程設備｜中游：電子紙與利基型面板模組｜下游：觸控面板與光學貼合、工控特殊顯示器與系統整合Upstream: Optical Films and Panel Materials, Backlight Units and Stamping Parts, Display Control Boards and Equipment | Midstream: Electronic Paper and Niche Panels | Downstream: Touch Panels and Optical Bonding, Industrial Displays and System Integration
32 檔32 stocks訂閱版Subscriber
被動元件Passive components
被動元件產業鏈涵蓋上游原材料與精密設備、中游各類被動元件製造，以及下游通路與模組應用。上游提供陶瓷粉末、基板、化成鋁箔及包裝捲帶；中游負責生產積層陶瓷電容（MLCC）、晶片電阻、電…The passive component industry chain encompasses upstream raw materials and precision manufacturing equipment, midstream passive component production, and downstream distribution channels serving modu…
上游：材料與設備耗材｜中游：電容元件製造、電阻與保護元件製造、電感與頻率元件製造｜下游：元件通路與整合服務Upstream: Raw Materials and Equipment Consumables | Midstream: Capacitor and MLCC Manufacturing, Resistors and Circuit Protection Components, Inductors and Frequency Control Components | Downstream: Component Distribution and Integrated Services
38 檔38 stocks訂閱版Subscriber
汽車與電動車Autos and EVs
汽車與電動車產業鏈涵蓋從基礎原物料、零組件加工製造到整車組裝與銷售服務。上游供應車用鋼材、橡膠及動力電池材料；中游為關鍵次系統與零組件，包含車體外觀鈑件、車燈、精密傳動機構、電機動…The automotive and electric vehicle industry chain encompasses basic raw materials, component sub-assembly, vehicle integration, and aftermarket sales services. Upstream vendors provide automotive-gra…
上游：車用原物料與材料｜中游：車體與外觀碰撞件、傳動機構與精密車件、三電與車用電子系統、車用輪胎與底盤配件｜下游：整車組裝與研發製造、新車經銷與車輛租賃服務Upstream: Automotive Raw Materials | Midstream: Auto Body and Collision Parts, Powertrain and Precision Auto Parts, EV Powertrain and Automotive Electronics, Tires and Chassis Components | Downstream: Vehicle Assembly and OEM Manufacturing, Auto Dealerships and Vehicle Leasing
33 檔33 stocks訂閱版Subscriber
航運與物流Shipping and logistics
航運與物流產業涵蓋全球貿易運輸與境內貨物配送。上游主要為載具製造與維修支援，如船舶建造與航空器維修；中游為核心運力提供者，包含貨櫃海運、散裝航運及航空客貨運，是承攬全球商貿流通的關…The shipping and logistics industry chain encompasses international commercial transport and domestic freight distribution networks. Upstream activities center on transport vehicle manufacturing, mari…
上游：造船與航太維修｜中游：貨櫃海運、散裝航運、航空客貨運｜下游：貨運承攬與港埠物流、陸運與倉儲快遞Upstream: Shipbuilding and Aerospace MRO | Midstream: Container Shipping, Dry Bulk Shipping, Air Passenger and Cargo Transport | Downstream: Freight Forwarding and Port Logistics, Land Transport, Warehousing, and Express
39 檔39 stocks訂閱版Subscriber
鋼鐵與金屬Steel and metals
鋼鐵與金屬產業鏈涵蓋礦石與廢鋼冶煉、金屬軋延加工至終端結構與扣件應用。上游以高爐與電爐廠為主，負責煉製粗鋼、特殊合金與有色金屬等原料；中游進行板捲、型鋼、不鏽鋼及線材等 2 次加工與軋…The steel and metal industry chain spans iron ore and steel scrap smelting, metallurgical rolling, down to downstream structural engineering and fastener applications. Upstream operations are dominate…
上游：碳鋼與電爐冶煉、特殊鋼與有色金屬冶煉｜中游：鋼板與鍍面鋼捲加工、不鏽鋼與鋼管型材、盤元線材與 2 次加工｜下游：鋼結構與工程應用、金屬扣件與螺絲、金屬通路與製品批發Upstream: Carbon Steel and EAF Smelting, Special Steel and Nonferrous Smelting | Midstream: Steel Plates and Coated Coils, Stainless Steel and Steel Pipes, Wire Rods and Secondary Processing | Downstream: Steel Structures and Engineering Applications, Metal Fasteners and Screws, Metal Distribution and Product Wholesaling
37 檔37 stocks訂閱版Subscriber
塑化與紡織Petrochemicals and textiles
塑化與紡織產業鏈緊密相扣，源於原油裂解產出的基礎石化原料。上游聚焦於石化原料提煉與泛用樹脂、化纖原料合成；中游將原料進一步加工為化學纖維、紗線、布料及泛用塑膠 2 次加工品；下游則為成…The petrochemical and textile industry chain forms an interconnected continuum originating from petroleum refining and naphtha cracking. Upstream players concentrate on extracting basic olefins and ar…
上游：石化與化纖原料、泛用樹脂與聚合體｜中游：聚酯與尼龍纖維、紡紗與機能織布｜下游：成衣製造與服飾代工、塑膠加工與終端製品Upstream: Petrochemical and Chemical Fiber Feedstock, Commodity Resins and Polymers | Midstream: Polyester and Nylon Fibers, Spinning and Functional Fabrics | Downstream: Apparel Manufacturing and Garment OEM, Plastics Processing and End Products
35 檔35 stocks訂閱版Subscriber
生技醫療Biotech and healthcare
生技醫療產業涵蓋藥品、醫療器材及醫療服務等範疇。上游以原料藥（API）、醫藥中間體合成及臨床前研究為主；中游為關鍵核心，包含新藥研發、學名藥與生物相似藥製劑生產，以及診斷與各類醫療…The biotechnology and medical sector encompasses pharmaceuticals, medical devices, and healthcare services. Upstream operations focus on active pharmaceutical ingredient (API) synthesis, advanced inte…
上游：原料藥與生物試劑｜中游：新藥研發與CDMO、西藥製劑與學名藥、醫療器材與耗材製造｜下游：醫藥通路與連鎖藥局、醫療服務與設備租賃Upstream: Active Pharmaceutical Ingredients and Reagents | Midstream: Drug Discovery and CDMO Services, Finished Pharmaceuticals and Generics, Medical Devices and Consumables | Downstream: Pharmaceutical Distribution and Pharmacy Chains, Healthcare Services and Equipment Leasing
27 檔27 stocks訂閱版Subscriber
營建與水泥Construction and cement
營建與水泥產業鏈涵蓋工程建造所需的基礎建材與結構構件。上游負責水泥熟料開採燒製、高爐煉鋼與平板玻璃等基礎原物料生產；中游加工製成預拌混凝土、建築鋼筋、型鋼、鋼構件及緊固件等結構材料…The construction and cement industry chain supplies the fundamental materials and fabricated structural elements required for civil works and building projects. Upstream operations focus on quarrying …
上游：水泥熟料與基底原料、鋼鐵原料與初級煉軋｜中游：水泥製品與預拌混凝土、建築鋼筋與型鋼、鋼骨結構與構件加工、工程螺絲與緊固扣件｜下游：室內衛浴及建材裝修Upstream: Cement Clinker and Base Materials, Steel Feedstock and Primary Rolling | Midstream: Cement Products and Ready-Mixed Concrete, Construction Rebars and Structural Steel, Steel Framing and Component Fabrication, Construction Screws and Fasteners | Downstream: Sanitary Ware and Finishing Materials
34 檔34 stocks訂閱版Subscriber
綠能與電網Energy and grid
綠能與電網產業鏈涵蓋再生能源發電、電網輸配電升級與儲能系統。上游負責提供導電線纜、磁性材料及電池正極等基礎關鍵原物料；中游為重電設備、變壓器、開關設備及儲能系統整合，是電網強韌化與…The green energy and electrical grid supply chain spans renewable power generation, transmission-distribution grid modernization, and energy storage systems (BESS). Upstream suppliers provide critical…
上游：輸配電線纜與導體材料、儲能材料與能源零組件｜中游：重電設備與變壓開關、儲能系統與電源轉換設備｜下游：電網工程統包與電廠建置、綠能發電與電力營運Upstream: Power Cables and Conductor Materials, Energy Storage Materials and Components | Midstream: Heavy Electrical Equipment and Switchgear, Energy Storage Systems and PCS | Downstream: Grid EPC and Power Plant Construction, Renewable Power Generation and Utilities
