Core view
Semiconductors: in 2021, the global chip sales were US $55.59 billion, and Intel acquired tower semiconductors with us $5.4 billion
Global chip sales and sales reached a record high. On February 14, the American Semiconductor Association (SIA) showed that the global chip sales in 2021 were 1.15 trillion, with sales of US $555.9 billion, a year-on-year increase of 26.2%. SIA shows that in order to meet the strong demand of downstream, chip manufacturers will continue to expand production capacity, and the global chip sales are expected to increase by 8.8% in 2022.
Intel acquired tower semiconductor for us $5.4 billion to promote idm2 0 strategy. On February 15, Intel announced that it would acquire 100% equity of gaota semiconductor for us $53 per share, with a total value of about US $5.4 billion. At present, gaota semiconductor mainly provides advanced analog technology products to the market, such as SiGe BiCMOS and RFCMOS for RF and high-performance analog applications, CMOS image sensors, non imaging sensors, power management schemes, mixed signal CMOS and MEMS functions, etc. At present, gaota semiconductor has seven manufacturing plants and a global design center in the world.
Automotive electronics: Luxshare Precision Industry Co.Ltd(002475) strong entry into new energy vehicles, and Huaqin technology makes full use of automotive electronics
Luxshare Precision Industry Co.Ltd(002475) took a stake in Chery and arranged vehicle manufacturing. On February 11, Luxshare Precision Industry Co.Ltd(002475) announced the purchase of 19.88% equity of Chery holdings, 7.87% equity of Chery shares and 6.24% equity of Chery new energy held by Qingdao Wudaokou with 10.054 billion yuan. It plans to establish a joint venture with Chery new energy to carry out parts supporting and vehicle OEM business. At present, Luxshare Precision Industry Co.Ltd(002475) has the ability to provide services for automotive harness, electronic modules and other products. Its main customers include great wall, Zhongtai, BMW, Mercedes Benz and so on. Chery Holdings has a complete technology and R & D system in the automotive field, and can provide an independent vehicle manufacturing platform. Establish a joint venture and integrate the technology and customer resources accumulated by Luxshare Precision Industry Co.Ltd(002475) in the field of consumer electronics with Chery vehicle manufacturing, so as to form a positive synergy.
At a cost of 3.5 billion yuan, Huaqin technology has made full efforts in automotive electronics. On February 14, the signing ceremony of Huaqin technology’s “automotive electronics port R & D headquarters” and “intelligent manufacturing base” with a total investment of 3.7 billion was successfully held in port. The two projects have a total investment of 3.7 billion yuan, covering a total area of 232 Mu and a total construction area of 360000 square meters. They will be fully completed and put into use in 2025. The company extends the accumulation of communication, human-computer interaction and other technologies to the field of automotive electronics, focusing on four business modules: intelligent cockpit, intelligent Internet connection, intelligent driving and intelligent vehicle control.
We believe that traditional consumer electronics has gradually entered a mature stage and the market has entered a saturation stage. Traditional consumer electronics actively explore new development directions, such as photovoltaic, VR / AR, automotive electronics, etc. in the field of automotive electronics, with the promotion of automotive intelligence, electrification and carbon neutralization policies, smart cars will usher in a period of rapid growth. Tesla, the leader of electric vehicles, reduces the difficulty of building cars through vertical integration, breaks through the barriers between the automotive industry and the electronics industry, and enables traditional consumer electronics enterprises to accelerate the layout of new energy vehicle tracks and develop new automotive electronics businesses. In addition, smart phone giants such as apple, Xiaomi and Huawei have joined the automotive industry, driving the electronic parts companies in the industrial chain to expand their automotive business, and the automotive electronics field will usher in a historic development opportunity.
Risk tips
The downstream demand of semiconductor is lower than expected; Covid-19 epidemic repeatedly caused the risk of production capacity obstruction.
Related subject matter
Semiconductor design: [ Will Semiconductor Co.Ltd.Shanghai(603501) ] [ Allwinnertech Technology Co.Ltd(300458) ] [ Gigadevice Semiconductor (Beijing) Inc(603986) ] [ Sg Micro Corp(300661) ] [ Maxscend Microelectronics Company Limited(300782) ]; Wafer Foundry: [ Semiconductor Manufacturing International Corporation(688981) ] [Huahong semiconductor]; Semiconductor material: [ Red Avenue New Materials Group Co.Ltd(603650) ] [Jingrui Co., Ltd.]; Power semiconductor: [ Wingtech Technology Co.Ltd(600745) ] [ China Resources Microelectronics Limited(688396) ] [ Hangzhou Silan Microelectronics Co.Ltd(600460) ] [ Starpower Semiconductor Ltd(603290) ] [ Wuxi Nce Power Co.Ltd(605111) ]
Consumer electronics: [ Goertek Inc(002241) ] [ Sunwoda Electronic Co.Ltd(300207) ] [ Avary Holding (Shenzhen) Co.Limited(002938) ] [ Luxshare Precision Industry Co.Ltd(002475) ]; Smartphone: [Xiaomi group]
Folding screen: [ Jiangsu Gian Technology Co.Ltd(300709) ] [ Wuhu Token Sciences Co.Ltd(300088) ]
