The global semiconductor market has maintained steady growth, with sales reaching US $583.5 billion in 2021, a year-on-year increase of 25%. At present, the market growth will continue, and the market scale is expected to exceed US $600 billion in 2022. At present, the most urgent thing in the industry is the upstream equipment supply and midstream OEM capacity. The extremely unbalanced supply and demand of global chips in 2021 makes the wafer factories and IDM factories trapped in a longer and longer equipment delivery period when expanding production. The 12 inch wafer equipment was once extended to 10 months to a year, and the delivery period of the new 8-inch wafer equipment was longer. The competition pattern of leading enterprises in the OEM market has not changed, and the top ten OEM factories have achieved double-digit growth in 2021.
Different from the high growth of the industry market, the share price of global semiconductor companies decreased significantly this month, and the market had high expectations for the semiconductor industry in the early stage. This month’s results were announced, and the performance of some companies was lower than the forecast, resulting in a correction in the industry. At the same time, due to the weakening demand of the housing economy, the sales of electronic devices downstream of semiconductors decreased, the market demand decreased, the industry heat weakened, and the yuan universe New materials and other concepts are also gradually calm, and the industry returns to rationality.
In terms of memory, the market still has downward expectations for the price of major memory chips. The weakening demand on the PC side, coupled with the stagnation of production of smart phones and other products caused by chip shortage and supply chain chaos, has led to the expansion of the trend of delaying the purchase of DRAM. After the price rise in December last year, the price of storage chips tends to be stable this month. It is expected that with the rise of inventory, the price will still have downward pressure.
In terms of performance, most Chinese semiconductor enterprises have good performance, and the industry boom will continue in 2022. The sharp decline in the market is mainly affected by market sentiment, and the popularity of new technologies and new concepts is difficult to maintain for a long time. The follow-up mainly focuses on the actual production capacity and performance growth of the company.
Focus on: Will Semiconductor Co.Ltd.Shanghai(603501) (603501), Rockchip Electronics Co.Ltd(603893) (603893), Hangzhou Lion Electronics Co.Ltd(605358) (605358), Hangzhou Silan Microelectronics Co.Ltd(600460) (600460), Amlogic (Shanghai) Co.Ltd(688099) (688099), Maxscend Microelectronics Company Limited(300782) (300782), Jcet Group Co.Ltd(600584) (600584) Jilin Sino-Microelectronics Co.Ltd(600360) (600360)
