Latest bidding situation: according to China International Tendering network, Shanghai Jita added 10 new process equipment bidding last week; Huahong Wuxi won the bid for 50 new process equipment 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 now is about 16.9%, while the localization rate in 2021 is about 22.4%.
Shanghai Jita: last week, 10 new tenders and 0 new bids were won. According to the international bidding network, Shanghai Jita added 10 bidding items last week, including 8 sets of heat treatment, 1 set of etching and 1 set of gluing development. The cumulative localization rate from 2019 to now is about 33.4%, and the localization rate in 2021 is about 45.9%.
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 now is about 21.2%, while the localization rate in 2021 is 36.9%.
Huahong Wuxi: 0 NEW tenders and 50 new winning bids were added last week. According to the international bidding network, Huahong Wuxi had no new bidding last week, and 50 new bids were won (1 CMP, 3 CVDs, 20 cleaning, 2 heat treatment, 10 ion implantation and 14 measurement). Among them, shengmei Shanghai won the bid for 11 cleaning equipment, tuojing technology won the bid for 3 CVD equipment and Shanghai microelectronics won the bid for 2 heat treatment equipment. Meanwhile, a total of 324 tenders have been invited in the past two months, and the winning progress of this batch is 33.3%. The cumulative localization rate since 2018 is about 15.8%, while the localization rate in 2021 is 15.8%, and the localization rate since the beginning of 2022 is 15.9%.
Hefei Jinghe: 0 NEW tenders and 0 new winning bids were added 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): 0 NEW tenders were added last week and 0 NEW tenders were won. Last week, the new international bidding network won the bid. The cumulative localization rate since 2016 is about 10.8%, while the localization rate in 2021 is 12.5%.
Recent news from wafer factory and equipment factory:
Shengmei Shanghai: on February 18, it was announced that it had obtained multiple purchase orders for 13 ultraecpmap front channel copper interconnection electroplating equipment and 8 ultraecpap rear channel advanced packaging electroplating equipment, of which 10 equipment orders were additional orders from a top Chinese integrated circuit manufacturer. This order is also the first batch purchase order of the company’s ecpmap electroplating system.
Sheng Mei Shanghai: Official WeChat official account shows that 29 bulk purchase orders for UltraCwb trough wet cleaning equipment have been received recently, which can be applied to processing 12 inch (300mm) wafers, and are scheduled to be shipped in two stages starting from 2022. Including 16 duplicate orders from the same Chinese foundry. The purpose of duplicate orders is to support the expansion of the factory.
The production capacity of TSMC Kumamoto 12 inch wafer factory has increased from 45000 pieces / month originally planned to 55000 pieces / month. According to TSMC’s announcement, the total investment increased by 23% from the previously planned US $7 billion to US $8.6 billion. At the same time, in addition to the previously announced 22 / 28 nm process, the wafer factory will further provide professional integrated circuit manufacturing services of 12 / 16 nm FinFET.
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)
Semiconductor component combination: Shanghai Wanye Enterprises Co.Ltd(600641) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , 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.
