Latest bidding situation: according to China International Tendering network, Changjiang storage won no bidding for new process equipment last week; Shanghai Jita added a new process equipment for bidding last week; Shaoxing SMIC won no bidding for new process equipment last week; Huahong Wuxi won no new bidding last week; Shanghai Huali (phase II) won the bid for a new process equipment without new bidding last week.
Latest equipment bidding message:
Changjiang storage: 0 NEW tenders and 0 new winning bids were added last week. According to the international bidding network, there was no new bid winning last week. The cumulative localization rate from 2017 to now is about 16.9%, while the localization rate since the beginning of 2021 is about 22.4%.
Shanghai Jita: last week, 1 bid was added and 0 bid was won. According to the international bidding network, Shanghai Jita bid for a new glue removal equipment last week, and no new one won the bid. The cumulative localization rate from 2019 to the present is about 33.4%, while the localization rate since the beginning of 2021 is about 45.9%.
Shaoxing SMIC: 0 NEW tenders and 0 new winning bids were added last week. According to the international bidding network, SMIC Shaoxing won no new bidding last week. The cumulative localization rate from 2018 to now is about 21.2%, while the localization rate since the beginning of 2021 is 36.9%.
Huahong Wuxi: last week, 0 NEW tenders and 0 new winning bids were added. According to the international bidding network, Huahong Wuxi won no new bid last week. The cumulative localization rate since 2018 is about 15.3%, while the localization rate since the beginning of 2021 is 15.8%.
Hefei Jinghe: 0 NEW tenders and 0 new winning bids were added last week. According to the international bidding network, Hefei Jinghe has no new bidding in recent two months, and the cumulative localization rate from 2016 to now is about 2.5%.
Shanghai Huali (phase II): 0 tenders were added last week and 1 bid was won. According to the international bidding network, there was no new bidding last week, and a new cleaning equipment of Kingsemi Co.Ltd(688037) won the bid. The cumulative localization rate since 2016 is about 10.8%, while the localization rate since the beginning of 2021 is 12.5%.
Recent news of wafer factory and chip factory:
The construction of SMIC port project started. Xinhua Finance and economics reported that the construction of Semiconductor Manufacturing International Corporation(688981) Shanghai Lingang Holdings Co.Ltd(600848) base project was started on January 4. It is planned to build 200000 12 inch wafer foundry production lines per month, with a total investment of 100 billion yuan. It is the largest advanced manufacturing project in Shanghai so far; The project is divided into two phases, of which the investment in phase I is 57.6 billion yuan.
Sai Microelectronics Inc(300456) it is proposed to invest 5.1 billion yuan to build a 12 inch MEMS manufacturing line project. According to the announcement of Sai Microelectronics Inc(300456) , it is planned to invest in the construction of a 12 inch MEMS manufacturing line project in Hefei high tech Zone, with a total investment of 5.1 billion yuan. It is planned to build a 12 inch MEMS production line with a design capacity of 20000 pieces / month, and it is expected to realize an annual income of about 3 billion yuan after completion.
The 12 inch wafer production line project is expected to be put into operation in 2022. According to Chongqing daily, the project plans to invest 7.55 billion yuan. After completion, it is expected to form a production capacity of 30000 12 inch medium and high-end power semiconductor wafers per month, and support the construction of 12 inch epitaxial and wafer process capacity.
Equipment localization rate tracking:
As of January 9, 2022, the localization rate of 12 inch line was 15.5%, which was the same as that at the end of December, and the localization rate of cleaning equipment was + 0.2% compared with that at the end of December; The localization rate of 8-inch line was 26.3%, unchanged compared with the end of December.
Investment suggestions:
Semiconductor equipment portfolio: shengmei Shanghai, Wuhan Jingce Electronic Group Co.Ltd(300567) , Advanced Micro-Fabrication Equipment Inc.China(688012) , Naura Technology Group Co.Ltd(002371) , Kingsemi Co.Ltd(688037) , Beijing Huafeng Test & Control Technology Co.Ltd(688200) , Shanghai Wanye Enterprises Co.Ltd(600641) , Hangzhou Chang Chuan Technology Co.Ltd(300604)
Risk tips
The impact of the epidemic exceeded expectations; The localization process of semiconductor equipment has slowed down; The United States further banned the sale of key semiconductor equipment to China; The shortage of parts leads to the extension of order delivery time.
