A new round of price rise in power semiconductors is on the way. Domestic manufacturers are expected to share dividends.

The semiconductor industry price rise wave after wave, the front foot wafer foundry price increase news has just been spread, here power semiconductors also follow. According to Ji WeChat, Infineon, the leader of power semiconductors, is brewing a new round of price increases. MOSFET is expected to increase by 12%, which will be implemented in mid-June.

Another industry insiders pointed out that the biggest gap in the power semiconductor market is the products with a certain technical threshold, such as high-voltage MOSFET, IGBT, domestic and foreign manufacturers are facing this problem.

The "best era" of power semiconductors has reached an obvious trend for manufacturers to expand production.

With the continuous expansion of downstream markets such as new energy vehicles, photovoltaic wind power and mobile phone fast charging, the demand for power semiconductors represented by MOSFET and IGBT is rising rapidly, and the market scale is growing significantly. Research firm HIS predicts that the global power semiconductor market will reach US $44.1 billion in 2021, an increase of 4.5% over the same period last year, of which China's power semiconductor market will reach US $15.9 billion.

However, in sharp contrast to the booming application market, the supply side is stretched, and it is difficult for manufacturers to catch up with the demand side at full capacity. Under the mismatch between supply and demand, the out-of-stock price increase cycle of power semiconductors has been going on for a long time. In the previous wave of price increases, Infineon, Italian and French Semiconductors, Silan Micro, Huarun Micro, Xin Jie Neng, Fuman Electronics and other manufacturers have raised the price of power semiconductor products. Take MOSFET as an example, the price of Infineon has increased by 15% Rue 30%, while that of other enterprises has increased by 10% to 20%.

Another result of the mismatch between supply and demand is longer delivery. The lead time of Infineon general transistors, low-voltage MOSFET and IGBT products is up to 52 weeks, and high-voltage MOSFET products are 26-40 weeks. On Semiconductor, Microsemi, Anshi and other power semiconductor manufacturers have also reached 16-52 weeks. In the past, the normal supply cycle was generally about 8 weeks.

In addition, in order to prevent excessive hoarding of customers, causing a reversal of market supply and demand in the future. On Mae, an Shiban and other manufacturers have also extended the order cancellation window to prohibit customers from canceling or changing orders within the window period.

Analysts in the industry are optimistic about the high prosperity of power semiconductors. The CITIC Construction and Investment Qin Jili team even pointed out that the peak of the epidemic has passed, the global economy is gradually recovering, the stack downstream is getting better, and domestic manufacturers are gradually making breakthroughs in the field of medium-and high-end devices such as MOSFET/IGBT, and now is the best time for power semiconductor manufacturers.

Under the high prosperity of the industry, manufacturers have a strong desire to expand production. Toshiba announced plans to introduce a 12-inch wafer production line to increase the production capacity of low-voltage MOSFET and IGBT; Infineon previously announced a new 12-inch wafer plant in Austria to produce automotive chips; Wentai Technology Anshi Shanghai Lingang 12-inch wafer factory mainly produces power semiconductors, which is scheduled to be put into production in July 2022, with an estimated production capacity of about 400000 pieces per year. Shilan Micro plans to build two 12-inch characteristic process power semiconductor chip production lines with power semiconductor chips and MEMS sensor chips as the main products.

It is worth mentioning that the big fund also set its sights on power semiconductors. Last week, China Resources Micro announced that its wholly-owned subsidiary, Huawei Holdings, plans to set up a joint venture with Big Fund II and Chongqing Xiyong Microelectronics Industrial Park Development Co., Ltd., to build a 12-inch power semiconductor wafer production line.

Galaxy Securities and Soochow Securities also said that they are optimistic about the prospect of the domestic power semiconductor industry chain, believing that the Chinese market is growing rapidly and there is more room for localization. Industry Gaojing demeanor is expected to accelerate the market expansion of relevant manufacturers' products, enhance product value and shipments, and fully enjoy the trend dividends of industry growth and localization.

The related targets are: Starr Semiconductor, Xinjieneng, Lion Micro, Wentai Technology, Shilan Micro, Huarun Micro, Huahong Semiconductor and so on.