Completion of bidding procurement: Huahong and Jita have completed the procurement of large quantities of equipment
According to the statistics of public bidding information, in March 2022, the downstream wafer factory began the first centralized procurement tide since 2022, and completed the bidding of 289 sets of equipment in a single month, exceeding the sum of the procurement quantities in January and February. It mainly comes from the expansion of Huahong Wuxi 12 inch production line, Fujian Jinhua 12 inch memory production line and Jita characteristic process production line.
The equipment purchased this month are 1 lithography machine, 10 gluing and developing equipment, 34 film equipment, 33 dry etching / degumming equipment, 6 ion implantation equipment, 4 CMP equipment, 89 furnace tube equipment, 31 wet equipment, 25 Measurement / detection equipment and 56 rear packaging and testing equipment. From January to March 2022, the wafer factories within the statistical scope completed a total of 371 equipment bidding, with considerable efforts.
In terms of localization rate, among the equipment bidding completed by wafer factories since 2022, domestic equipment accounts for about 12%. Among them, the localization rate of wet process equipment, dry process equipment, CMP equipment and gluing and developing equipment is relatively high.
Release of new bidding: new large amount bidding of Jita
In March 2022, 171 sets of new equipment were invited for bidding, including 40 sets of Huahong Wuxi, 4 sets of Shanghai Huali, 103 sets of Jita, China Resources Microelectronics Limited(688396) (Chongqing) 11 sets and 13 sets of Fujian Jinhua. Compared with the bidding completion data, the new bidding data structure this month is richer, and more wafer factories show their willingness to expand production. In addition, Hefei Changxin phase II has been in the civil engineering bidding, and the production expansion has made good progress.
Bid winning of domestic equipment manufacturers:
1) Naura Technology Group Co.Ltd(002371) 13 sets, including film / dry etching / furnace tube;
2) shengmei 9 sets, including wet film / wet / back channel packaging;
3) three sets of tuojing technology, all of which are membrane equipment;
4 sets of CMP equipment of Huake;
5) 2 sets of new business, all of which are gluing and developing equipment;
6) to 1 set, which is wet cleaning equipment;
In addition, Jim west won the bid for 3 sets, and the second-hand equipment occupied a certain market share.
Investment suggestion: in 2021, the active expansion of downstream wafer factories has promoted the growth of bidding procurement of semiconductor equipment, and 22 years will still be a year for the accelerated implementation of local wafer production lines. The equipment bidding data in March was bright, and we saw more non head Fabs showing their willingness to expand production. In addition, in the current low localization rate base, we see more and more domestic equipment manufacturers emerge. We believe that under the superposition of production expansion and localization, the equipment sector is expected to maintain high growth. We suggest paying attention to Naura Technology Group Co.Ltd(002371) , Advanced Micro-Fabrication Equipment Inc.China(688012) , shengmei Shanghai, Shanghai Wanye Enterprises Co.Ltd(600641) , Kingsemi Co.Ltd(688037) .
Risk tip: the downstream demand of the semiconductor industry is less than expected, the expansion progress of the wafer factory is less than expected, and the progress of equipment R & D is less than expected.
