Semiconductors are rising everywhere! This time it is the turn to mismatch the supply and demand of PMIC and MCU or further deepen the domestic substitution.

SMM News: according to Taiwan's Economic ji Daily, power management IC and MCU once again reported price increases.

It is reported in the market that Japanese businessman Renesa Electronics will adjust the prices of products such as power management IC from January 1 next year, while Taiwan factory Zhixin is also considering negotiating to adjust the prices of some products, including power management IC. In addition, due to the global shortage of MCU, five major Taiwan MCU factories, such as Sheng Qun, Lingtong, Songhan, Wangkang, and Xintang, have recently raised their quotations or Synchronize, with an increase of more than 10% for some items. The delivery time of Japanese merchants Renesa has been extended to more than four months, and the relevant Taiwan factories have the same phenomenon.

Recently, the prices of key components of semiconductors have increased in turn, and it is expected that the prices of power management IC and MCU have increased. The main reason is the shortage of upstream wafer production capacity.

According to industry executives, this wave of power management IC price increase, mainly reflects the upstream wafer foundry price increase, has not yet seen a comprehensive price increase trend. For MCU, industry analysis, the previous international MCU leading manufacturer Italian semiconductors strike incident, affecting the market supply, coupled with TSMC, UMC, world advanced, LSMC and other wafer generation factory capacity full load, MCU manufacturers can get the capacity contraction, the international MCU factory products have been postponed, or even do not accept new orders.

From the demand side, New era Securities analyzed in the research report that the upgrading trend of consumer electronics optics continued, the demand for new energy vehicles broke out after the recovery of the epidemic, and the evolution of telecommuting trend led to the sales of NB and PAD products, which resonated with demand in these areas, leading to the growth of orders for products such as power semiconductors, radio frequencies, CIS and so on.

The mismatch between supply and demand in the semiconductor industry may promote the continuous deepening of domestic substitution.

Guosheng Securities released a research report on November 29, saying that under the background of domestic substitution in the past two years, domestic industrial demand has increased significantly, and domestic semiconductors have made a breakthrough in an all-round way. As the novel coronavirus epidemic did not occur on Synchronize at home and abroad, there was a seasonal mismatch between supply and demand and the transfer of orders between regions in 2020. Recently, supply and demand in the semiconductor industry has become tight again. On the one hand, it is the continuation of the "core" inflection point. On the other hand, more innovative applications continue to increase.

The agency suggested that great attention should be paid to the unprecedented restructuring and change of the domestic semiconductor industry.

Specific to individual stocks, the current domestic first echelon of MCU enterprises are mainly Zhaoyi Innovation and Zhongying Electronics. New era Securities said that under the rising price trend, upstream material manufacturers such as Anji Technology, Jingrui shares, Huarun Micro and other power device IDM manufacturers, downstream Changdian Technology, Tonfu Micro Power and other closed test manufacturers are expected to continue to benefit. Supported by excellent performance and predictable growth space, the market recognizes the logic of high valuations for such companies.