Electronics sector: last week, Shenwan electronics industry index fell 4.20%. Over the same period, the Shanghai stock index fell 1.25%, the gem index fell 4.26%, and the sector was weaker than the market. The rise and fall of the electronics sector ranked 19th in the Shenyin Wanguo first-class industry index. We propose to lay out upstream semiconductor devices and materials, downstream analog digital IC chips, discrete devices, sensors, and other areas. The performance in 2021 will be relatively certain and growing, and the track industry in which we will be located in the next two years will see the boom continue to rise in the next two years. Industry leaders are Hoshine Silicon Industry Co.Ltd(603260) \ \ wait.
[TSMC’s revenue in the first quarter was US $17.57 billion, a year-on-year increase of 36%] on April 14, TSMC held a legal person briefing meeting in the first quarter of 2022 and released the first quarter financial report of 2022. According to the financial report, TSMC’s revenue in the first quarter was US $17.57 billion, a year-on-year increase of 36.0% and a month on month increase of 11.6%. In the first quarter, the gross profit margin was 55.6%, the operating profit margin was 45.6%, and the net profit margin was 41.3%. In terms of chip process revenue, the revenue of 5-nm process accounted for 20% of the company’s wafer revenue in the first quarter of 2022, and the revenue of 7-nm process accounted for 30%. Overall, the revenue of advanced processes (processes of 7 nm and below) reached 50% of the wafer sales in the whole quarter. In terms of specific product revenue, TSMC’s smartphone revenue accounted for 40%, high-performance computing revenue accounted for 41%, Internet of things revenue accounted for 8%, vehicle electronics revenue accounted for 5%, and consumer electronics revenue accounted for 3% in the first quarter. Among them, the quarterly revenue growth of automotive electronics and high-performance computing was the strongest, both at 26%. For the outlook of annual revenue, Wei Zhejia said that although 2022 still faces challenges such as increasing inflation, difficulties in advanced process research and development, high production costs and difficult expansion of overseas production sites, Wei Zhejia remains optimistic about TSMC’s revenue in 2022. In dollar terms, the company’s annual revenue growth in 2022 is expected to reach 24% ~ 29% and the long-term gross profit margin will reach more than 53%.
[NAND will welcome the second wave of price rise this year] on April 14, pan Jiancheng, CEO of qunlian electronics, a flash memory control chip and storage solution integration service manufacturer, said that the Kaixia and Western data pollution incident had affected NAND supply, and PC customers had accepted the SSD price rise this month, with an increase of about 10%. Pan Jiancheng said that in the first quarter, the contaminated production line was shut down for about 1.5 months due to the pollution of raw materials of Kaixia and Western digital semiconductor. Based on this, there will be a supply gap of NAND memory module products in the second and third quarters of the traditional peak season of memory products, and the supply shortage will last for at least 1.5 ~ 2 months, resulting in the second price increase of NAND products this year. Recently, affected by the situation in Russia and Ukraine, consumer electronics demand shows signs of weakness. At the end of March, Apple also weakened orders for many products, including iphone12 and iphonese. Pan Jiancheng said that according to past experience, after the weak demand in March and April, consumer electronics demand will pick up again. In addition, the third quarter is the peak season of consumer electronics demand, NAND demand will pick up again in the third quarter of this year.
