Latest bidding situation: according to China International Tendering network, Changjiang storage won no bidding for new process equipment last week; There was no bidding for new process equipment in Shanghai Jita last week, and two new process equipment won the bid; Shaoxing SMIC won no bidding for new process equipment last week; Huahong Wuxi added 3 tenders last week and 175 tenders in recent 3 weeks; Shanghai Huali (phase II) won no new bidding last week.
Latest equipment bidding message:
Changjiang storage: 0 NEW tenders and 0 new winning bids were added last week. 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 since the beginning of 2021 is about 22.4%.
Shanghai Jita: 0 NEW tenders and 2 new winning bids were added last week. According to the international bidding network, there was no new bidding for Shanghai Jita last week, and two new ion implanters won the bid (one American Axcelis and one Japanese ULVAC). The cumulative localization rate from 2019 to now is about 33.4%, while the localization rate since the beginning of 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 20.8%, while the localization rate since the beginning of 2021 is 37.7%.
Huahong Wuxi: last week, 3 new tenders and 0 new bid winners were added. According to the international bidding network, Huahong Wuxi added three new tenders (one ion implantation and two heat treatment) last week, but no new ones won the bid. A total of 175 new tenders have been added in the past three weeks (13 sets of CMP, 12 sets of CVD, 12 sets of PVD, 11 sets of etching, 26 sets of cleaning, 67 sets of heat treatment, 17 sets of ion implantation, 6 sets of lithography and 8 sets of glue Development). The cumulative localization rate from 2018 to now is about 15.3%, while the localization rate since the beginning of 2021 is 15.8%.
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. According to the international bidding network, there was no new bid winning last week. The cumulative localization rate since 2016 is about 10.6%, while the localization rate since the beginning of 2021 is 5.3%.
Recent news of wafer factory and chip factory:
In 2021, factories will account for more than 1 / 3 of global semiconductor capital expenditure. According to icinsights, global semiconductor capital expenditure will surge 34% in 2021, reaching a record $152 billion, far exceeding the record of $113.1 billion last year.
Localization rate tracking:
As of December 19, 2021, the equipment localization rate of 12 inch line was 15.5%, which was the same as that at the end of November; The equipment localization rate of 8-inch line was 26.4%, which was basically the same as that at the end of November, in which the localization rate of ion implantation decreased by 0.6%.
Investment suggestions:
Semiconductor equipment portfolio: shengmei Shanghai, 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) , Wuhan Jingce Electronic Group Co.Ltd(300567) , Shanghai Wanye Enterprises Co.Ltd(600641) , Hangzhou Chang Chuan Technology Co.Ltd(300604)
Risk statement
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.
