Core view
Renesas electronics re invested in Jiafu factory and added 12 inch power semiconductor production line. On May 17, Renesas Electronics announced that it would invest 90 billion yen in the Jiafu factory closed in October 2014, aiming to restore its 12 inch power semiconductor production line in 2024. Jiafu factory plans to produce products including IGBT and MOSFET, with a clean room area of about 18000 square meters, which is the maximum power semiconductor production line that Renesas will build. Ruisa Jiafu factory once had two production lines of 6-inch and 8-inch.
With the increasing demand for new energy vehicles, the production capacity of Renesas power semiconductor will double. In order to achieve a decarbonized society, it is predicted that the global demand for efficient power semiconductors responsible for power supply and control will increase in the future, especially in the field of electric vehicles (EV). Renesas will contribute to the realization of a decarbonized society by improving the production capacity of power semiconductors such as IGBT. As Jiafu factory begins to resume full-scale mass production, the production capacity of Renesas power semiconductor will double.
Large overseas factories compete to layout 12 inch lines, improve operation efficiency and maintain competitive advantage. Infineon now has two 12 inch wafer factories, and the second 12 inch factory has been officially put into operation in September 2021. In 2021, ansenmey completed the sales of 6-inch wafer factory in Belgium and is expected to complete the sales of 8-inch wafer factory in Maine in 2022q2. At the same time, the company will complete the acquisition of 12 inch wafer factory of lattice core in East Fishkill by the end of 2022. Ansenmey predicts that the shipment volume of 12 inch wafers in 2022 will be more than twice that in 2021.
The market of electronic sector is stronger than the market
From May 16 to May 20, the Shanghai index rose 2.02%, and CITIC electronics rose 4.65%, outperforming the market by 2.63 percentage points. Year to date, the Shanghai index fell 13.55%, CITIC electronics fell 30.29%, underperforming the market by 16.74 percentage points. From May 16 to May 20, the Philadelphia Semiconductor Index fell 2.95%; Year to date, the Philadelphia Semiconductor Index fell 26.95%.
Increase in electronic industry segments
From May 16 to May 20, the top five growth in the electronic segment industry were consumer electronic equipment, semiconductor equipment, consumer electronics, consumer electronic components and passive components, with increases of 7.66%, 5.94%, 5.72%, 5.49% and 5.47% respectively. Since the beginning of the year, the electronic sub sectors have been falling, of which the smaller sectors are discrete devices, semiconductor equipment, semiconductor materials, panels and integrated circuits.
Rise and fall of individual stocks: A shares
From May 16 to May 20, the top five companies in the electronics industry were Hengdian Group Dmegc Magnetics Co.Ltd(002056) , Shenzhen Success Electronics Co.Ltd(002289) , Meig Smart Technology Co.Ltd(002881) , Gettopacoustic Co.Ltd(002655) and Suzhou Goldengreen Technologies Ltd(002808) , up 28.86%, 28.43%, 24.21%, 22.95% and 22.28% respectively.
Investment advice
It is recommended to pay attention to Starpower Semiconductor Ltd(603290) , Yangzhou Yangjie Electronic Technology Co.Ltd(300373) , Macmic Science & Technology Co.Ltd(688711) , Hangzhou Silan Microelectronics Co.Ltd(600460) , Zhuzhou Crrc Times Electric Co.Ltd(688187) , Wuxi Nce Power Co.Ltd(605111) , Dongwei semiconductors, etc. related to power semiconductors.
Risk tips
Domestic substitution is less than expected, R & D is less than expected, and downstream demand is less than expected
