Core view
Semiconductor: 10 new wafer factories will be built in 2022; Ansenmey China Global Distribution Center closed
The wafer operating rate fluctuates obviously, and the wafer operating rate is as high as 19% in 2021. According to the latest report of icinsights, the fluctuation of integrated circuit industry is mainly reflected in the sharp fluctuation of wafer start-up every year. Over the past five years, the growth rate of wafer operation has ranged from - 4.7% - 19%. The overall wafer capacity of the industry also changes with the market situation, but the change range is usually not as large as the fluctuation of wafer operating rate. In the past five years, the growth rate of wafer capacity has ranged from 4% - 8.5%.
Global wafer capacity is expected to grow by 8.2% in 2027. According to IC insights, from the history of the integrated circuit industry, the industry experienced a net loss of wafer capacity for the first time in 2002. In 2009, the net loss of wafer capacity in the integrated circuit industry was greater, with a year-on-year decrease of 6%, which was due to the decline of 29% and 40% in capital expenditure in 2008 and 2009, and the serious downturn of the integrated circuit market in 20082009, resulting in the shutdown of a large number of 8-inch and below wafer capacity. In 2021, the wafer production capacity increased by 8.5% and is expected to increase by 8.7% in 2022. The new wafer operation may reach a record high.
In 2022, 10 wafer plants in the world may be expected to be officially put into operation. According to IC insights, the capacity of the integrated circuit industry increased by 8.7% in 2022, mainly from the planned addition of 10 12 inch wafer factories. Among them, the largest capacity growth is expected to come from SK Hynix and the giant memory factory of Hua Bang electronics and three new factories of TSMC (two in Taiwan, China, one in Chinese mainland). Other new 12 inch Fabs include power semiconductor Fabs of China Resources Microelectronics Limited(688396) electronics Hangzhou Silan Microelectronics Co.Ltd(600460) electronic power discrete device and sensor wafer factory; Ti's rfab2 simulator factory; St / tower's mixed signal, power, RF and foundry Fab; And Semiconductor Manufacturing International Corporation(688981) 's new generation factory.
Ansenmey announced the closure of China's global distribution center due to the impact of the Shanghai epidemic. On April 18, ansenmey issued a notice that the company said that due to the impact of the Shanghai epidemic, the company's China Global Distribution Center was closed, which may continue to affect the company's production and shipment. The company is also closely dealing with the problems caused by the epidemic affecting suppliers of materials, equipment and services in China. At present, although the company has adopted the alternative method of rescheduling to the alternative warehouse and accelerating the transportation mode (i.e. NFO next flight out express air service), the company is still unable to transport enough materials to meet the needs of all customers.
We believe that the current semiconductor industry chain is still seriously affected by the epidemic, the uncertainty of the supply chain increases again, and the shipments of ansenmey and other enterprises in China may be affected frequently. However, although the supply side may still face difficulties in the short term, we are still optimistic about the development of China's semiconductor industry in the medium and long term. On the one hand, IC insights predicts that the production capacity and shipment volume will remain optimistic in 2022. Major wafer factories have strong willingness to expand production and maintain high expectations for industry demand; On the other hand, as the trend of semiconductor anti globalization becomes more and more obvious, the domestic substitution process may continue to accelerate, which will be beneficial to China's leading leading leading enterprises in various semiconductor segments.
Risk tips
Downstream demand is lower than expected; Repeated outbreaks pose the risk of capacity disruption.
Related subject matter
Semiconductor design: [ Will Semiconductor Co.Ltd.Shanghai(603501) ] [ Gigadevice Semiconductor (Beijing) Inc(603986) ] [ Sg Micro Corp(300661) ] [ Maxscend Microelectronics Company Limited(300782) ]; Wafer Foundry: [ Semiconductor Manufacturing International Corporation(688981) ] [Huahong semiconductor]; Semiconductor materials: [ Red Avenue New Materials Group Co.Ltd(603650) ] [Jingrui shares]; Power semiconductor: [ Wingtech Technology Co.Ltd(600745) ] [ China Resources Microelectronics Limited(688396) ] [ Hangzhou Silan Microelectronics Co.Ltd(600460) ] [ Starpower Semiconductor Ltd(603290) ] [ Yangzhou Yangjie Electronic Technology Co.Ltd(300373) ] [ Wuxi Nce Power Co.Ltd(605111) ] [ Shenzhen Minde Electronics Technology Ltd(300656) ]
Consumer electronics: [ Goertek Inc(002241) ] [ Sunwoda Electronic Co.Ltd(300207) ] [ Avary Holding (Shenzhen) Co.Limited(002938) ] [ Luxshare Precision Industry Co.Ltd(002475) ]; Smartphone: [Xiaomi group] folding screen: [ Jiangsu Gian Technology Co.Ltd(300709) ] [ Wuhu Token Sciences Co.Ltd(300088) ]
