Last week, there were many adjustments in the semiconductor sector. Analysts of the agency believe that it is not caused by fundamentals. Recently, analysts of the agency tracked that the industry fundamentals are still very strong, and the prosperity is expected to exceed expectations:
1) recently, large overseas manufacturers continue to emphasize the strong demand of the chip industry in 2022, among which Daimler believes that the car gauge chip will continue to be tight in 2022; Ansenmey, analog and others said at the JPM meeting that supply will exceed demand by the end of this year;
2) at CES, new products such as smart cars, VR and home intelligence continued to highlight. Analysts of the agency believe that automotive electronics and the Internet of things are still in the rapid iteration stage of innovation, resulting in sustained and high demand growth;
3) the performance of Intel’s new 12th generation core has been greatly improved, which is expected to drive the new demand for server replacement. At present, the valuation of most semiconductor companies corresponding to 22 years has fallen to a historically low level. Analysts of the agency continue to be optimistic about the three semiconductor core tracks of semiconductor equipment and materials, power and simulation.
The 8-inch wafer factory continues to be off-season. At present, TSMC, UMC and other large factories plan to continue to raise prices for customers in 22q1. Analysts of the agency believe that at present, the demand for automobile related chips is very strong, and the mature process is in short supply, which is expected to last for 22-23 years. At the same time, the global automobile chips will usher in continuous reconstruction in the future. In this process, China’s automobile chips are expected to rise, focuses on the synergistic dividend of Wingtech Technology Co.Ltd(600745) and ansteer semiconductor. In addition, core leaders such as Will Semiconductor Co.Ltd.Shanghai(603501) , Sanan Optoelectronics Co.Ltd(600703) , Rockchip Electronics Co.Ltd(603893) , Sg Micro Corp(300661) , 3Peak Incorporated(688536) , Shanghai Awinic Technology Co.Ltd(688798) and Hangzhou Silan Microelectronics Co.Ltd(600460) will also benefit from the rise of Chinese industry. Auto electronic parts, such as PCBs, display devices and components, will also grow rapidly. It is recommended to pay attention to core targets such as Olympic Circuit Technology Co.Ltd(603920) , Shenzhen Sunlord Electronics Co.Ltd(002138) , Lianchuang Electronic Technology Co.Ltd(002036) and Kunshan Guoli Electronic Technology Co.Ltd(688103) .
In addition, the analyst of the agency reiterated his optimism about the wafer foundry industry chain. Semiconductor equipment and materials will definitely benefit from the acceleration of production expansion and localization in the downstream in the next 3-5 years, and the leaders of subdivided industries have ushered in localization opportunities with high certainty. it is suggested to pay attention to Naura Technology Group Co.Ltd(002371) , Chaozhou Three-Circle(Group) Co.Ltd(300408) , shengmei shares, Kingsemi Co.Ltd(688037) , Anji Microelectronics Technology (Shanghai) Co.Ltd(688019) Leading manufacturers in subdivided fields such as Jiangsu Yoke Technology Co.Ltd(002409) (covered by the chemical group), Hubei Dinglong Co.Ltd(300054) , National Silicon Industry Group Co.Ltd(688126) , Konfoong Materials International Co.Ltd(300666) , Guangdong Huate Gas Co.Ltd(688268) (covered by the chemical group).
As a whole, the profit of consumer electronics has been suppressed due to the shortage and rising price of upstream chips this year. Looking forward to the next year, this factor is expected to be alleviated. The overall profit of is expected to be repaired. It is recommended that investors pay attention to companies with their own brand channels and new products, such as Shenzhen Transsion Holdings Co.Ltd(688036) , Han’S Laser Technology Industry Group Co.Ltd(002008) , Sunwoda Electronic Co.Ltd(300207) , Anker Innovations Technology Co.Ltd(300866) , Appotronics Corporation Limited(688007) , Shenzhen Everwin Precision Technology Co.Ltd(300115) , Luxshare Precision Industry Co.Ltd(002475) , Goertek Inc(002241) and Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) .
(source: financial Associated Press)
