SMM12 March 7 News: this morning, the A-share semiconductor plate collectively opened higher, Jinan Guoji, Huawei Electronics rose by the daily limit, Tongfeng Electronics, Shilan Weiwei, Huarun Micro, Yangjie Technology, Jetty Micropower and other collective high opening. Prior to this, Hou Hao, deputy director of the quantitative Investment Department of China Merchants Fund, said that although the current valuation of semiconductors is too expensive, semiconductors have large market logic and room for growth, and they need to be patient in layout, and the investment cycle of this sector should be calculated on an annual basis. firmly optimistic about the second growth opportunity for the semiconductor sector in the future. For the new energy vehicle sector, this round of new energy vehicles replace traditional cars, much like smart phones replace traditional mobile phones, the market space is huge, and may bring subversive changes to the industry.
In addition, the recent rumors of shortage of automotive chips have also attracted much attention in the market. under the influence of the epidemic, global chip suppliers have ushered in a shortage, and the automotive industry has also been affected. According to media reports yesterday, a relevant official of Volkswagen Group said that the uncertainty brought about by COVID-19 's epidemic affected the supply of chips for some specific automotive electronic components, while the full recovery of the Chinese market also further boosted demand growth, making the situation more serious, leading to the risk of disruptions in some automobile production. According to the analysis of people in the industry, in addition to the insufficient production capacity of foreign chip upstream enterprises, after the domestic epidemic situation is relatively stable, the rapid recovery of vehicle consumption leads to exuberant demand, thus increasing the contradiction between supply and demand.
At present, some car companies have expressed their position on the rumors of a shortage of automotive chips. BYD said that the company has a whole set of industry chain in new energy batteries, chips and so on, which can not only be fully self-sufficient, but also have a surplus for external supply. The company also said that there is a shortage of semiconductor-related products in the automotive industry as mentioned in some public reports, but BYD Semiconductor is now actively promoting marketization, having completed round An and A+ rounds. Weilai, Xiaopeng and ideal also said that their respective enterprises were unaffected and that their production and operation were normal.
Since the fourth quarter, TSMC, UMC, World Advanced and other 8-inch wafer factories have been in short supply. The contract prices of some manufacturers have increased by 1020%, and the delivery time has been extended from the normal two months to four months. In order to ensure sufficient production capacity, many IC designers have begun to book capacity for 2021, and some long orders have even been placed into the second quarter of 2021. Soochow Securities believes that as the semiconductor industry chain is out of stock and the rising price market is gradually spreading in 8-inch wafer manufacturing, closed testing, MCU, power semiconductors and other industrial chain links, the market demand for related services and products in consumer electronics, automotive electronics and other terminal application markets is expected to continue to increase, which in turn will help accelerate the introduction of relevant semiconductor supply chains by local manufacturers and achieve a breakthrough in customer expansion. At the same time, the price increase also helps to improve the profitability of the relevant semiconductor industry chain companies.
As of press time, semiconductor stocks are still doing well, with ah shares rising, 688981.SH up more than 5 per cent and 00981.HK up more than 6 per cent. It is reported that SMIC issued an announcement last Friday that the company's wholly-owned subsidiaries SMIC Holdings, the National Integrated Circuit Fund II and Yizhuang Guotou have signed a joint venture contract to jointly establish SMIC Beijing Integrated Circuit Manufacturing (Beijing) Co., Ltd., with a registered capital of US $5 billion and a total investment of US $7.6 billion (about 50 billion RMB). The business scope includes the production of 12-inch integrated circuit wafers and integrated circuit packaging series.
Societe Generale Securities subsequently issued a research report saying that SMIC made a targeted announcement at this time on the day the company was listed by the Department of Defense in the United States, planning to further expand production and mature processes in the future, which is of far-reaching significance, highlighting the company's confidence in sustained and normal operation in the future and its determination to control the trend of self-control in the core supply chain.
