Market overview of this week:
This week, the Shenwan semiconductor industry index rose 2.19%, the gem index rose 2.93%, the Shanghai Composite Index rose 0.80%, the Shenzhen Composite Index rose 1.78%, the small and medium-sized board index rose 2.56%, and wandequan a rose 1.70%. The semiconductor industry index outperformed some major indexes. Among the semiconductor segments, the semiconductor material segment rose 3.2% this week, the discrete device segment rose 2.6% this week, the semiconductor equipment segment rose 5.8% this week, the semiconductor manufacturing segment fell 0.6% this week, the IC Design segment rose 2.4% this week, the packaging and testing segment rose 1.1% this week, and other segments fell 0.9% this week.
IC Design: the downstream applications of storage, simulation, driver and master chip continue to expand. Huabang electronics and wanghong, which are mainly engaged in memory chips, had revenue of NT $8.69 billion and 3.72 billion respectively in January 2022, with a year-on-year increase of 26% and 24%. In the field of analog chips, power management chips have broad downstream applications. Silijie and Zhixin are mainly engaged in power management chips. Zhixin’s revenue in January 2022 was NT $815 million, a year-on-year increase of 1%. In January 2022, Lianyong, a leading driver chip, had a revenue of NT $12.3 billion, a year-on-year increase of 52%. In the field of master chips, MediaTek occupies the leading position in SOC, with a revenue of NT $43.5 billion in January 2022, a year-on-year increase of 23%. Ruiyu 2.5G Ethernet solution is expected to become the largest growth driver. In January 2022, the revenue was 10.2 billion yuan, an increase of 23.6% year-on-year. In terms of MCU, Xintang and shengqun are not light in the off-season, and orders are expected to increase in the first half of the year.
Power devices: the demand for new energy vehicles drives the continuous growth of MOSFET and IGBT. Silicon metallocene, whose main device is IGBT, had a revenue of NT $170 million in January 2022, a year-on-year increase of 31%. The revenue of Jieli, Fuding and qiangmao, whose main devices are MOSFETs, increased by 25%, 1% and 26% year-on-year respectively in January 2022. International IDM has significantly increased the output of automotive MOSFET and other automotive power modules, making the MOSFET order part of IT applications partially to China’s Taiwan suppliers. According to the passenger car market information joint meeting, the retail volume of Shanxi Guoxin Energy Corporation Limited(600617) passenger cars in January was 347000, a year-on-year increase of 132%, and the retail penetration rate of new energy vehicles was 16.6%, an increase of 10 percentage points over the same period last year. IGBT power module generally accounts for about 40% of the cost of the whole electronic control system. The growth in sales of new energy vehicles has directly driven the demand for IGBT.
Wafer Foundry: the continuous lack of core drives the price to continue to rise. The revenue of liandian in January 2022 was NT $20.5 billion, a year-on-year increase of 32%; TSMC’s revenue in January 2022 was NT $172.2 billion, a year-on-year increase of 36%; In January 2022, the revenue of Li Jidian was NT $6.88 billion, a year-on-year increase of 64%.
It is recommended to pay attention to:
1) semiconductor design: Dongwei semiconductor / Starpower Semiconductor Ltd(603290) / Amlogic (Shanghai) Co.Ltd(688099) / Rockchip Electronics Co.Ltd(603893) / Shanghai Fullhan Microelectronics Co.Ltd(300613) / Will Semiconductor Co.Ltd.Shanghai(603501) / Sg Micro Corp(300661) / 3Peak Incorporated(688536) / Montage Technology Co.Ltd(688008) / Sino Wealth Electronic Ltd(300327) / Bestechnic (Shanghai) Co.Ltd(688608) / Espressif Systems (Shanghai) Co.Ltd(688018) / Macmic Science & Technology Co.Ltd(688711) / Wuxi Nce Power Co.Ltd(605111) / Allwinnertech Technology Co.Ltd(300458) / Gigadevice Semiconductor (Beijing) Inc(603986) / Maxscend Microelectronics Company Limited(300782) / Shanghai Bright Power Semiconductor Co.Ltd(688368) / Unigroup Guoxin Microelectronics Co.Ltd(002049) / Shanghai Fudan
\u3000\u30002）IDM: Wingtech Technology Co.Ltd(600745) / Sanan Optoelectronics Co.Ltd(600703) / Zhuzhou Crrc Times Electric Co.Ltd(688187) / Hangzhou Silan Microelectronics Co.Ltd(600460) ；
3) wafer foundry: Semiconductor Manufacturing International Corporation(688981) / Huahong semiconductor;
4) semiconductor equipment materials: Naura Technology Group Co.Ltd(002371) / Jiangsu Yoke Technology Co.Ltd(002409) / Shanghai Sinyang Semiconductor Materials Co.Ltd(300236) / Advanced Micro-Fabrication Equipment Inc.China(688012) / Wuhan Jingce Electronic Group Co.Ltd(300567) / Beijing Huafeng Test & Control Technology Co.Ltd(688200) / Hangzhou Chang Chuan Technology Co.Ltd(300604) / Grinm Advanced Materials Co.Ltd(600206) / Jiangyin Jianghua Microelectronics Materials Co.Ltd(603078) ;
Risk warning: the epidemic situation continues to deteriorate; Insufficient upstream supply; The scientific research progress is less than expected; The demand is less than expected
