Electronics sector: electronics sector: last week, Shenwan electronics industry index fell 5.44%. Over the same period, the Shanghai stock index fell 1.1%, the gem index fell 6.8%, and the sector was weaker than the market. The electronics sector ranked 26th in the Shenyin Wanguo first-class industry index. We recommend the layout of semiconductor equipment and materials, discrete devices, consumer electronics and other fields. It is recommended to pay attention to the relatively certain growth of performance in 2021. The industry leaders in the track industry where the prosperity will continue to improve in the next two years are Will Semiconductor Co.Ltd.Shanghai(603501) , Naura Technology Group Co.Ltd(002371) , medium micro semiconductor, Starpower Semiconductor Ltd(603290) , Hangzhou Silan Microelectronics Co.Ltd(600460) , Gigadevice Semiconductor (Beijing) Inc(603986) , Goertek Inc(002241) , etc. it is recommended to pay attention to the consumer electronics companies Luxshare Precision Industry Co.Ltd(002475) , Lingyi Itech (Guangdong) Company(002600) , Shenzhen Everwin Precision Technology Co.Ltd(300115) , Lens Technology Co.Ltd(300433) whose current valuation is low and whose performance has an inflection point in the fourth quarter or next year.
[the production capacity is released intensively, and the shortage of vehicle MCU is expected to be alleviated in the second half of 2022] the overall supply of vehicle MCU chip market is insufficient, and the orders of vehicle MCU of Italian French semiconductor, Infineon, NXP and Renesas in 2022 are almost full. However, with the gradual resumption of wafer factories and further expansion of production capacity, the shortage of vehicle MCU is expected to be alleviated in the second half of 2022. Zeng Guanwei said that at present, the epidemic in Southeast Asia is becoming more and more stable, and the labor force of all wafer factories in Malaysia has recovered to 100%. However, because the delivery time of automotive chips usually takes 40 ~ 52 weeks, the tight supply of automotive chips is expected to be alleviated in the second half of 2022. However, it should be noted that in the case of relatively limited release of new production capacity, the automotive semiconductor market will still show the characteristics of “seller’s market”.
