Latest bidding situation: according to China International Tendering network, Changjiang storage won no bidding for new process equipment last week; Shanghai Jita won no bidding for new process equipment last week; Shaoxing SMIC won no bidding for new process equipment last week; Huahong Wuxi added 50 tenders last week and 55 won the bid; Shanghai Huali (phase II) won no 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 the present is about 16.9%, while the localization rate in 2021 is about 22.4%, and the localization rate since the beginning of 2022 is 0%.
Shanghai Jita: last week, 0 NEW tenders and 0 new winning bids were added. According to the international bidding network, Shanghai Jita won no new bidding last week. The cumulative localization rate from 2019 to the present is about 33.4%, while the localization rate in 2021 is about 45.9%, and the localization rate since the beginning of 2022 is 0%.
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 in 2021 is 36.9%, and the localization rate since the beginning of 2022 is 0%.
Huahong Wuxi: last week, 50 new tenders and 55 new bids were won. According to the international bidding network, Huahong Wuxi last week added 50 bidding (4 cleaning and 46 measurement), and 55 winning bids (14 CMP, 12 CVD, 11 PVD, 5 heat treatment, 7 ion implantation and 6 lithography). Meanwhile, a total of 324 tenders were invited in the past two months, and the progress of winning the bid was 15.4%. The cumulative localization rate since 2018 is about 15.3%, while the localization rate in 2021 is 15.8%, and the localization rate since the beginning of 2022 is 0%.
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 bid winning last week. The cumulative localization rate since 2016 is about 10.8%, while the localization rate in 2021 is 12.5%, and the localization rate since the beginning of 2022 is 0%.
Recent news of wafer factory and chip factory:
TSMC: according to the latest capital expenditure plan of the company, the capital expenditure is expected to reach US $40-44 billion in 2022, with a year-on-year increase of 33% – 47%, while the capital expenditure is estimated to reach US $30 billion in 2021, with a year-on-year increase of 74%. (TSMC home page)
Hefei Changxin: the DRAM capacity has reached 60000 pieces / month in 2021. It is expected that the capacity will double to 120000 pieces / month this year. At the same time, 17nm process ddr5 / lpddr5 and other chips will be launched. Official account of WeChat (World of photolithography)
Equipment localization rate tracking:
As of January 16, 2022, the localization rate of 12 inch line was 15.3%, down 0.2% from last week; The localization rate of 8-inch line was 26.3%, unchanged compared with last week.
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.
