Chip stocks rallied in early trading today. As of 10:28, Golden Card Intelligence and National Technology were up the limit, Felix was up nearly 17%, and Jinzhi Technology, Hengrun shares and core friends were up, and the increase was expanding.
At present, the whole world is facing the problem of core shortage, and many enterprises are affected by the shortage of chips and the rising price of chips. under the blessing of the dual factors of 'can't afford' and 'can't buy', domestic chips usher in the opportunity for development.
According to the latest Goldman Sachs research report, as many as 169 industries around the world have been hit by chip shortages to some extent, including steel products, concrete production, air conditioning manufacturing, beer brewing, soap production and many other industries.
In early June, shopping malls and most businesses in Malaysia closed, and the country began its second almost total blockade in response to the worsening novel coronavirus epidemic. Some analysts believe that this is likely to aggravate the global chip shortage problem, which is already very serious. Malaysia is the seventh largest semiconductor export center in the world. More than 50 semiconductor companies worldwide have invested in Malaysia, covering almost all semiconductor giants. In Taiwan, the epidemic has also affected TSMC, Sun and Moon, and so on.
On the other hand, as a result of the epidemic, many processing plants around the world are unable to open as scheduled, home work and online training have become the norm in many areas, and the demand for consumer electronics products has soared. HP's sales in consumer PCs and commercial and consumer printers both grew by more than 70 per cent year-on-year, according to HP data for the second quarter of fiscal 2021. In addition, the rapid upgrading of global smart devices has also greatly increased the demand for chips. The continuous increase in demand for new energy vehicles has further expanded the demand for chips.
In addition, affected by the rise in raw material prices and the expansion of demand, relevant companies have raised product prices one after another, and chip prices have risen as much as fivefold since the chip shortage. It is reported that the wafer foundry will raise its offer by up to 30% in the third quarter, much higher than the 15% expected by the market. Among them, UMC and LSMC are the most sought after by customers, with the biggest price increase, and TSMC and World Advanced will also make specific adjustments according to market conditions.
According to the SMM database, the average spot price of polysilicon re-feeding materials was 217 yuan / kg on June 15, an increase of more than 150% in the past six months.
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Xu Tao, chief analyst of the electronics group of CITIC Securities, believes that at present, semiconductors are out of stock to cover all kinds of products, including mature process MCU, power management chips, power discrete devices, etc., as well as advanced process mobile phone main chips, graphics card GPU, and so on. From a historical point of view, the shortage of semiconductors is a long-standing phenomenon, but the price increase caused by this round of shortage is more serious than before.
Xu Tao said that at present, mainstream wafer factories and closed test plants have raised their quotations and are in full production. Downstream designers also have varying degrees of lead time extension and price increases. At present, the interval between order and shipment of semiconductor equipment is 6 to 9 months, and some of them are more than one year. Considering that there are still about three months to go before equipment installation and commissioning, the equipment ordered in the first quarter is not expected to reach production capacity until the end of 2021 to 2022. In the context of the current pick-up in downstream demand, the shortage of production capacity in the industry is likely to last until 2022.
In the current chip shortage continues to trouble, domestic chips ushered in the development of the fast lane.
Li Ke, vice president of Sadie consultant, said that at present, China's chip industry is large but not strong, and the chip production capacity and market are relatively large, but chip products are mainly concentrated in the middle and low end, and high-speed and high-precision products still cannot be done.
Li Ke suggested that the development of the chip industry should have a long-term strategic plan, the pace of industrial development should be "self-oriented", and should not be disturbed by the external environment. Investment in the chip industry should continue to increase, and the state should also increase support and ensure the smooth flow of capital channels.
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