Market overview of this week:
This week, the Shenwan semiconductor industry index fell 4.07%, the gem index fell 4.26%, the Shanghai Composite Index fell 1.25%, the Shenzhen composite index fell 2.60%, the small and medium-sized board index fell 3.34%, and wandequan a fell 2.46%. Semiconductor industry index underperformed some major indexes. Among the semiconductor segments, the semiconductor material segment fell 0.8% this week, the discrete device segment fell 1.0% this week, the semiconductor equipment segment fell 0.9% this week, the semiconductor manufacturing segment rose 0.7%, the IC Design segment rose 0.2% this week, the packaging and testing segment rose 1.8% this week, and other segments fell 2.2% this week.
China’s semiconductor enterprises in Taiwan continued to improve fundamentals in 22 years in March. Benefiting from the strong demand for downstream vehicles, servers and other terminals, the performance of power management chip manufacturers is bright. Silijie / Zhixin 2022m03 revenue increased by 41% / 24% year-on-year. In terms of power devices, Taiwan manufacturers receive orders and actively import high-end markets such as vehicle and industrial control. Maosi / Jieli / Fuding / qiangmao 2022m03 achieved revenue of NT $1.8/2.5/4.0/1.3 billion. In terms of network communication chips, benefiting from the continuous improvement of WiFi 6 / 6e penetration and the strong demand for high-speed Ethernet chips, Ruiyu 2022m03 achieved a revenue of 10.4 billion Taiwan dollars, a year-on-year increase of 30%. In terms of wafer foundry, the foundry capacity continues to be fully loaded. TSMC / liandian / lijidian 2022m03 has achieved revenue of NT $1720 / 221 / 40 billion, and the 8-inch capacity may be further released. In terms of packaging and testing, the demand for new applications of vehicle and industrial control has increased, and advanced packaging has sprung up.
Global inflation + epidemic, semiconductor demand / supply chain is affected by uncertainty. Compared with the euro zone, the US food price grew at a high rate of 2028.5% year-on-year, while the US energy price remained at a high rate of 2023.5%; The euro zone adjusted CPI increased by 7.5% year-on-year. Coupled with the impact of cyclical factors, the demand for consumer electronic products is weak: in 2022m02, China’s smartphone sales fell 31.8% year-on-year; Global shipments of traditional PCs decreased by 5.1% in 2022q1. Affected by logistics control, China’s transportation has almost stopped. Some manufacturers will face the problems of increased transportation costs and shipment delays. The supply chain logistics problem may last until the end of April. The automobile supply chain has been greatly affected. Many new energy vehicle enterprises announced that they would delay the release of new models, and some Japanese car enterprises also announced that they would reduce production or stop work.
Looking forward to the second quarter, affected by the external environment or increase the structural differentiation of demand. The demand for storage chip server side continues to be strong, and the price of consumer side may continue to fall. The penetration rate of network communication chip WiFi 6 / 6e is further improved, and the demand for high-speed Ethernet chip is strong. Power devices in short supply continue to be optimistic about the strong growth momentum brought by the continuous large-scale production of new energy vehicles for the power device market. Power management chip: the supply of power management chip is still tight, among which automobile related applications are the most popular. The high-end and low-end markets of MCU are divided, and applications such as automobile / industry remain in short supply.
It is recommended to pay attention to:
1) semiconductor design: Design of the semiconductor: design: 1) design of the semiconductor design: design: designfor the design of the semiconductor: Macmic Science & Technology Co.Ltd(688711) \ \ / Shanghai Bright Power Semiconductor Co.Ltd(688368) / acousto optic Department / Unigroup Guoxin Microelectronics Co.Ltd(002049) / Shanghai Fudan Microelectronics Group Co.Ltd(688385) / sinocore / haiguang information
\u3000\u30002）IDM: Hangzhou Silan Microelectronics Co.Ltd(600460) Zhuzhou Crrc Times Electric Co.Ltd(688187) Wingtech Technology Co.Ltd(600745) China Resources Microelectronics Limited(688396) Sanan Optoelectronics Co.Ltd(600703) ；
3) wafer foundry: Semiconductor Manufacturing International Corporation(688981) / Huahong semiconductor;
4) semiconductor equipment materials: ofthe material for the material of the semiconductor device: ofthe material of the material of the material of the semiconductor device: ofthe Beijing Huafeng Test & Control Technology Co.Ltd(688200) / Jiangyin Jianghua Microelectronics Materials Co.Ltd(603078) / Hubei Dinglong Co.Ltd(300054) ;
Risk warning: the epidemic situation continues to deteriorate; Insufficient upstream supply; The scientific research progress is less than expected; The demand is less than expected
