Latest bidding situation: according to China international bidding network: Shanghai Jita added 7 new process equipment bidding last week; Huahong Wuxi won eight new bids last week.
Latest equipment bidding message:
Changjiang storage: last week, 0 NEW tenders and 0 new winning bids were added. According to the international bidding network, there was no new bid winning last week. The cumulative localization rate from 2017 to the present is about 16.9%, while the localization rate in 2021 is about 22.4%, and the localization rate since the beginning of 2022 is 0%.
Shanghai Jita: last week, 7 new tenders and 0 NEW tenders were won. According to the international bidding network, Shanghai Jita added 7 bidding items such as 1 heat treatment and 6 CVDs last week. The cumulative localization rate from 2019 to the present is about 33.4%, the localization rate in 2021 is about 45.9%, and the localization rate since the beginning of 2022 is 0%.
Shaoxing SMIC: 0 NEW tenders and 0 new winning bids were added last week. According to the international bidding network, SMIC Shaoxing won no new bidding last week. The cumulative localization rate from 2018 to the present is about 21.2%, while the localization rate in 2021 is 36.9%, and the localization rate since the beginning of 2022 is 0%.
Huahong Wuxi: 0 NEW tenders and 8 new winning bids were added last week. According to the international bidding network, Huahong Wuxi had no new bidding last week and won eight new bids (3 CMP of Huahai Qingke, etching of 1 Shibaura, heat treatment of 2 ASM and CVD of 2 ASM). Meanwhile, a total of 324 tenders were invited in the past two months, and the progress of winning the bid was 17.9%. The cumulative localization rate since 2018 is about 13.6%, while the localization rate in 2021 is 15.8%, and the localization rate since the beginning of 2022 is 4.8%.
Hefei Jinghe won 0 new bidding last week. According to the international bidding network, Hefei Jinghe has no new bidding in recent two months, and the cumulative localization rate from 2016 to now is about 2.5%.
Shanghai Huali (phase II): last week, 0 tenders were added and 1 bid was won (software). According to the international bidding network, there was no new bid winning last week. The cumulative localization rate since 2016 is about 10.8%, while the localization rate in 2021 is 12.5%, and the localization rate since the beginning of 2022 is 0%. Recent news of wafer factory and chip factory:
The production capacity of Semiconductor Manufacturing International Corporation(688981) Q4 has increased to 620000 pieces / month, about 8 inches of wafers. The growth rate was 0.2% month on month, 21.7% year on year, and the capacity utilization rate was as high as 99.4%. The total capacity of the three new projects will double after they are completed.
Yuexin phase II project was successfully put into trial production in December 2021. It is planned to reach full production in the fourth quarter of 2022.
Toshiba newly built 12 inch power semiconductor wafer factory. The construction of the wafer plant will be carried out in two phases. The production of the first phase is planned to start in fiscal year 2024. After reaching the production capacity, its power semiconductor capacity will be 2.5 times (about 200mm) that of fiscal year 2021. Equipment localization rate tracking:
As of February 13, 2022, the localization rate of 12 inch line was 15.4%, up 0.1% from last week; The localization rate of the 8-inch line was 26.3%, unchanged from last week.
Investment suggestions:
Semiconductor equipment portfolio: shengmei Shanghai, Wuhan Jingce Electronic Group Co.Ltd(300567) , Advanced Micro-Fabrication Equipment Inc.China(688012) , Naura Technology Group Co.Ltd(002371) , Kingsemi Co.Ltd(688037) , Beijing Huafeng Test & Control Technology Co.Ltd(688200) , Shanghai Wanye Enterprises Co.Ltd(600641) , Hangzhou Chang Chuan Technology Co.Ltd(300604) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) ;
Semiconductor parts: Thinkon Semiconductor Jinzhou Corp(688233) , Konfoong Materials International Co.Ltd(300666) , Kunshan Kinglai Hygienic Materials Co.Ltd(300260) .
Risk tips
The impact of the epidemic exceeded expectations; The localization process of semiconductor equipment has slowed down; The United States further banned the sale of key semiconductor equipment to China; The shortage of parts leads to the extension of order delivery time.
