Take the lead in expanding the production capacity of glass based Mini / micro led, and the industrialization of mini LED is accelerated again:
Wg Tech (Jiang Xi) Co.Ltd(603773) issued an announcement on the evening of February 21,.
It is proposed to invest in the construction of mini / micro glass substrate
Led substrate production project, the total investment of the project is expected to be 1.65 billion yuan, and the total production capacity of mini / micro led substrate producing glass substrate will be 5240000 m2 / y. taking glass based Mini / micro LED as the breakthrough, the company complies with the future development trend of mini led by expanding the production capacity of glass based Mini / micro led, which is conducive to broadening the application field of the company’s products and improving the company’s core competitiveness. At the same time, the company simultaneously launched the 2022 option and stock incentive plan. The performance assessment condition is based on the operating income in 2021, and the revenue growth rate in 22 and 23 years shall not be less than 50% and 100% respectively. It is conducive to fully mobilize the enthusiasm of executives and employees, bind the interests of the company with employees, promote the construction and stability of the company’s talent team, and contribute to the long-term development of the company.
The tension between Russia and Ukraine has intensified, and the supply and demand of semiconductor materials market continues to be tense: the gas used in the semiconductor industry is known as “industrial blood”, which is the second largest market demand in the semiconductor industry supply chain after large silicon wafers, accounting for 14% in the semiconductor materials market. In the semiconductor lithography process, the process requiring neon is mainly DUV exposure, and the process nodes range from 180nm for 8-inch wafers to 1xnm for 12 inch wafers In terms of distribution, the global 180 ~ 1xnm production capacity accounts for about 75% of the total, and the 180 ~ 1xnm revenue of most wafers accounts for more than 90%. As the main supplier of semiconductor raw gas, Ukraine mainly supplies neon, argon, krypton and xenon. Trendforce data show that Ukraine supplies about 70% of the world’s neon, 40% of krypton and 30% of xenon. As a major producer of special gases and other raw materials for semiconductor manufacturing in the world, the conflict between Russia and Ukraine will interfere with the production of inert gases such as neon, argon and krypton, hinder the output of relevant gas materials, and significantly increase the price of relevant electronic special gases, further aggravating the shortage of semiconductor materials.
The decline of TV panel price continued to converge, and the decline of it panel expanded: the decline of TV panel continued to converge in February, of which the quotation of 32 inch TV panel was the same at the end of last month, the first time in nearly 8 months. At present, the price of small-size panel has been close to the cash cost of panel factory, the shipment of small-size TV panel continued to pick up, and the price approached to stop falling. However, the demand for large size is still low. As the traditional off-season for goods preparation, the weak overall demand in the first quarter will also drive the panel price to further bottom. In the second quarter, as the price bottomed out, the brand factories began to pull goods for China 618 and Qatar world cup in advance. The panel demand is expected to gradually recover in the second quarter and the price is expected to increase. In contrast, the decline of TV panels continued to converge. In February, due to the continuous increase of supply and the off-season adjustment of the demand side, the full-scale correction range was expanded compared with that of the previous month, and the decline is expected to continue in March.
Investment suggestion: focus on the leader of China’s ODM and power semiconductor in the field of automotive electronics Wingtech Technology Co.Ltd(600745) ; The semiconductor industry recovers periodically. It is recommended to seal and test Jcet Group Co.Ltd(600584) , Tianshui Huatian Technology Co.Ltd(002185) , Tongfu Microelectronics Co.Ltd(002156) ; Semiconductor materials National Silicon Industry Group Co.Ltd(688126) , Anji Microelectronics Technology (Shanghai) Co.Ltd(688019) ; Semiconductor equipment Advanced Micro-Fabrication Equipment Inc.China(688012) , Shanghai Hanbell Precise Machinery Co.Ltd(002158) , Kunshan Kinglai Hygienic Materials Co.Ltd(300260) ; Power semiconductor manufacturer China Resources Microelectronics Limited(688396) ; Related companies of LCD panel: BOE and TCL technology. 35.
Risk warning: the epidemic control is not as expected; Downstream demand is lower than expected; Capacity expansion is less than expected; Trade frictions in the field of science and technology have intensified.
