Two domestic orders have been cut. On March 17, the domestic GPU developer Changsha Jingjia Microelectronics Co.Ltd(300474) (hereinafter referred to as ” Changsha Jingjia Microelectronics Co.Ltd(300474) “) successively announced that the company and its wholly-owned subsidiaries had signed relevant cooperation agreements, announced that it had reached strategic cooperation with a public security industry information company, and the two sides jointly carried out the market promotion of public security dedicated PC, server and public security overall application system solutions; On the same day, it was announced that it had obtained an order for 1 China Baoan Group Co.Ltd(000009) -series chips from a company. The company continues to promote military and civilian products, which is expected to drive the high growth of the company’s performance.
Intel’s multinational investment and plant construction plans have been implemented one after another. On March 15, 2022, Intel announced the first phase plan of investing 80 billion euros in the EU in the next decade, which covers the whole semiconductor value chain, from R & D to manufacturing, and then to the most advanced packaging technology. The global semiconductor industry will further change to IDM mode, and this capital intensive industry mode will promote the semiconductor industry to further gather to oligarchs.
Universal wafer plans to put into operation a 12 inch silicon wafer plant in 2023. In the context of core shortage, wafer factories around the world continued to put into operation. At the beginning of this year, universal wafer announced that it would convert the funds originally planned for the acquisition of Siltronic into capital expenditure and operation turnover, and would consider a number of production expansion plans for existing plants and new plants. At present, the expansion plans of universal wafer in Denmark, the United States, Japan, South Korea and Taiwan are also in progress.
The market of electronic sector is stronger than the market
From March 14 to March 18, the Shanghai index fell 1.77%, and CITIC electronics fell 1.76%, outperforming the market by 0.01 percentage points. Year to date, the Shanghai index fell 10.68%, CITIC electronics fell 20.52%, underperforming the market by 9.84 percentage points. From March 14 to March 18, the Philadelphia Semiconductor Index fell 13.02%.
Increase in electronic industry segments
From March 14 to March 18, only semiconductor equipment and discrete devices in the electronic segment rose, up 2.70% and 0.99% respectively, and the rest of the sectors were falling. Among them, consumer electronic equipment, security and panel fell the most, down 6.15%, 4.10% and 3.63% respectively.
Rise and fall of individual stocks: from March 14 to March 18, the top five companies in the electronics industry were Fuman electronics, Shenzhen Infinova Limited(002528) , Guangdong Dp Co.Ltd(300808) , Yangzhou Yangjie Electronic Technology Co.Ltd(300373) , Sunwoda Electronic Co.Ltd(300207) , up 19.66%, 13.89%, 10.54%, 9.70% and 8.85% respectively; The companies with the top five declines were Cambricon Technologies Corporation Limited(688256) -u, Ocean’S King Lighting Science & Technology Co.Ltd(002724) , Wus Printed Circuit (Kunshan) Co.Ltd(002463) , Bestechnic (Shanghai) Co.Ltd(688608) and Shenzhen Transsion Holdings Co.Ltd(688036) , down 21.28%, 13.69%, 13.48%, 10.22% and 9.53% respectively.
Investment advice
It is recommended to pay attention to Giantec Semiconductor Corporation(688123) , Starpower Semiconductor Ltd(603290) , Macmic Science & Technology Co.Ltd(688711) , SMIC technology, Konfoong Materials International Co.Ltd(300666) , Changsha Jingjia Microelectronics Co.Ltd(300474) , etc.
Risk tips
Customer import is less than expected; Technological development is less than expected; Insufficient capacity supply.
