The number of new models equipped with SiC continues to increase, and the upstream and midstream continue to expand production and prepare for war. On December 18, the domestic automobile brand Weilai released the medium-sized intelligent electric sedan et5. Et5 is the second model of Weilai equipped with self-developed SiC electric drive system. The power of the front and rear dual motors can reach 150KW and 210Kw respectively, and the acceleration of 100km is 4.3 seconds. It is expected to be delivered in September 2022. Et5 is equipped with a new generation of high-efficiency electric drive platform of Weilai SiC Power module. Weilai pointed out that there are two main benefits brought by silicon carbide. First, the energy efficiency and mileage can be significantly increased at low load; The second is to increase the current capacity by 30%, driving the improvement of endurance mileage and other performance. Other Chinese car companies are also very active in launching SiC models, such as Byd Company Limited(002594) Han EV, the earliest SiC model in China, and Xiaopeng released G9 equipped with SiC technology.
Samsung will increase miniled / microled TV production in 2022. Miniled backlight module can greatly improve screen brightness and contrast, and has longer service life and lower power consumption. Microled has higher brightness, better luminous efficiency and lower power consumption than the existing OLED technology. According to the elec website, Samsung plans to produce 200 110 inch microled TVs for families in January 2022 to measure the expected market acceptance of the technology in 2022. A few days ago, Samsung revealed on foreign platforms that its high-end TV lineup in 2022 will include 8kminiled, 4koled and 4kminiled technologies. Neoqled TV equipped with 8kminiled will become the highest level product among Samsung’s three technologies. Samsung’s goal is to sell 3 million 4K and 8kneoqled TVs in 2022.
In November, the shipment amount of semiconductor equipment in North America reached a new high, ASML predicts that EUV lithography will account for more than 60% in 2025: the shipment amount of semiconductor equipment in North America in November 2021 will be $3.914 billion (a record high), with a year-on-year increase of 51% and a month on month increase of 4.6%. In November, the shipment amount in North America reached a new high. Driven by the high prosperity of the industry, wafer factories have expanded capital expenditure, which has greatly increased the demand for upstream equipment. In addition, ASML said that with the evolution of logic chip and DRAM process, the number of EUV exposure mask layers of single wafer has increased rapidly, including advanced logic process wafer in 2021 The average number of UV exposure layers has exceeded 10 and will exceed 20 in 2023. At present, TSMC and Samsung Electronics have purchased a large number of extreme ultraviolet lithography machines. SK Hynix, a memory chip manufacturer, has also started to adopt extreme ultraviolet lithography machines and will make great efforts to purchase them in the next five years. Micron technology has also planned to install extreme ultraviolet lithography machines in 2024. According to ASML’s prediction, the proportion of EUV lithography machines will grow steadily in the next five years, and eventually occupy more than 60% of the lithography machines applied in the global semiconductor market.
Bidding of semiconductor equipment: according to the data of electronic trading platform for bidding of mechanical and electrical products, Shanghai Huali integration (phase II) added 2 winning equipment this week, including 2 cleaning equipment won by Shanghai shengmei.
Investment suggestions: recommend Roshow Technoiogy Co.Ltd(002617) , Wingtech Technology Co.Ltd(600745) , Starpower Semiconductor Ltd(603290) in SiC field, and pay attention to Zhuzhou Crrc Times Electric Co.Ltd(688187) , Phenix Optical Company Limited(600071) , China Resources Microelectronics Limited(688396) ; Semiconductor equipment Shanghai Wanye Enterprises Co.Ltd(600641) , Kunshan Kinglai Hygienic Materials Co.Ltd(300260) , Pnc Process Systems Co.Ltd(603690) , pay attention to Suzhou Uigreen Micro&Nano Technologies Co.Ltd(688661) ; Miniled focuses on Shenzhen Xinyichang Technology Co.Ltd(688383) , Hongli Zhihui Group Co.Ltd(300219) , Shenzhen Refond Optoelectronics Co.Ltd(300241) , Shenzhen Longli Technology Co.Ltd(300752) , etc; IC design focuses on Shanghai Belling Corp.Ltd(600171) , Chipsea Technologies (Shenzhen) Corp.Ltd(688595) , 3Peak Incorporated(688536) , Sg Micro Corp(300661) , etc.
Risk warning: downstream demand is less than expected; Domestic substitution is less than expected; Continuous risk of epidemic impact
