Today, the three major indexes fluctuated upward and continued to rise, with the gem index up more than 2%, the Shenzhen Composite Index up nearly 1.4%, and the Prev up nearly 0.7%, with biodegradable plastics, semiconductors and rare earths leading the way. As of the close, the Prev index rose 0.70% to close at 3591 points, the Shenzhen Composite Index rose 1.31% to close at 15228 points, and the gem index rose 1.84% to close at 3184 points. Shanghai shares had a net outflow of 801 million, while Shenzhen stocks had a net inflow of 2.22 billion. Among them, the semiconductor plate rose sharply, by the end of the day, the semiconductor plate was reported at 1103.3, an increase of 3.28%.
According to reports, at present, the production lines of many automobile companies around the world have been suspended because of a shortage of chips. Earlier, Ford, Toyota, Fiat Chrysler and Nissan all said they had decided to cut car production to varying degrees because of chip shortages. According to the Pacific Securities Research report, the large overbooking and hoarding of Huawei and other terminal factories caused by the trade war launched by the United States, as well as sanctions on SMIC and other chip factories, have led to the transfer of chips by some operators, but in fact, the global wafer factories have long been fully loaded, and there is no order to pick up. The common role of these factors and the epidemic economy has worsened the problem of shortage of automotive chips. The shortage of chips caught the auto industry off guard and could last as long as six months.
Guohai Securities believes that in the future, automobiles will develop in the direction of electrification, intelligence and networking, and automotive semiconductors will open a great era of change. According to Gartner, the global automotive semiconductor market is expected to reach US $41.013 billion in 2019 and US $65.1 billion in 2022, with CAGR reaching 16.66%. With the overall acceleration of automobile electrification, the general trend of intelligence and networking in the automotive industry will also step into the fast lane. Unlike consumer electronics, on-board electronic devices have more stringent requirements on the working environment. Automotive electronic devices must store, transmit and analyze these data with maximum reliability, all of which will drive the continuous development of the automotive semiconductor market, not only in the automobile itself. It also depends on the necessary infrastructure. With the acceleration of automobile intelligence, automotive semiconductors usher in a golden era of development.
Overall, global semiconductor sales in November 2020 were $39.4 billion, up 7.0 per cent from a year earlier. China Galaxy Securities said that despite the impact of the macroeconomic and novel coronavirus epidemic, home work and learning have promoted the rapid growth of consumer electronics demand, the semiconductor industry has bottomed out in 2020, and the growth rate of global semiconductor sales is expected to exceed 5% in 2020. WSTS expects global semiconductor sales to grow by about 8.4% in 2021, and sales are expected to exceed $469 billion. Domestically, benefiting from domestic substitution, China's semiconductor growth rate will be significantly faster than the global average, and China's semiconductor market is expected to break through the trillion mark in 2021.
In the first three quarters of 2020, most of the performance of domestic semiconductor equipment companies achieved rapid growth. Among them, China Micro Corporation, Zhengfan Technology, Changchuan Technology, Huafeng Measurement and Control, Core Source Micro, net profit growth rate of more than 50% year-on-year. Huafeng Measurement and Control recently announced that net profit for the whole of 2020 is expected to increase by 76% over the same period last year. Domestic semiconductor equipment companies ushered in the dual opportunities of industry expansion and domestic substitution. Ping an Securities said that the expansion of global chip production capacity has accelerated, and the trend of the semiconductor equipment industry has continued. Under the external pressure, the domestic substitution of semiconductor equipment ushered in the historical opportunity.
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