The number of bids for semiconductor equipment has risen. Leading manufacturers have listed industries + capital double dividends.

The chip shortage crisis has not been solved, but there is a tendency to continue to worsen, and production expansion has become the main theme of the industry. According to the latest data from SIA, global semiconductor production capacity has increased by 8% compared with the beginning of 2020 and is expected to grow by more than 16% by the end of next year.

Semiconductor equipment manufacturers ushered in an excellent opportunity in the tide of production expansion. Since August, SMIC Shaoxing, Shanghai Jita, Huahong Semiconductor, Changjiang Storage and other semiconductor companies have invited tenders for a number of new equipment, according to the China International bidding Network. Among them, Changjiang Storage has invited 97 bids and won 51 bids in the past month, including Huahai Qingke, Yitang Semiconductor, Shengmei Semiconductor and other domestic equipment manufacturers.

Semiconductor equipment development acceleration manufacturers are expected to benefit from more than a decade of growth cycle

According to today's Soochow Securities and CITIC Construction Investment report, the current development of semiconductor equipment is mainly supported by three points:

First, downstream multi-industry demand resonance, the global semiconductor industry ushered in the third wave of development. A number of analysts are optimistic that the current semiconductor business cycle is better than previously expected, that it is expected to continue into next year;

Second, under the core shortage crisis, SMIC, Huahong Semiconductor and other wafer factories still maintain high capacity utilization, with TSMC-led foundry revising capital expenditure. SEMI also expects that next year's investment in semiconductor equipment will be close to a new high of US $100 billion, which will be good for semiconductor equipment manufacturers.

Third, semiconductor technology advances in many directions, which brings multi-dimensional development space for equipment. Nowadays, semiconductor technology is moving in the direction of advanced technology, characteristic process and 3D packaging integration, and the hardware equipment is also ushered in the development opportunity.

According to statistics, the global sales of semiconductor equipment reached 48.44 billion US dollars in the first half of this year, of which the mainland accounted for 29.3%. However, at present, the proportion of domestic equipment of most domestic semiconductor manufacturers is still low, and analysts are optimistic about the rising space of local equipment.

According to the research and analysis of Northeast Securities yesterday, from the perspective of China's semiconductor industry chain, the scale of the three links of design, wafer and closed testing do not match, and the global share is > 20% 7% / > 20% respectively, and the proportion of the wafer end is seriously unbalanced. It is necessary to expand production by 2-3 times to match the scale of the other two links, which will also give birth to a growth cycle of more than ten years for semiconductor equipment.

Soochow Securities said in the above report that the development process of local equipment is expected to speed up, and domestic head equipment manufacturers are expected to benefit from a number of links, including:

The etching equipment under the advanced process is becoming more and more important, and the continuous breakthrough in the business of China and Micro will fully benefit.

North Huachuang capacity expansion + equipment breakthrough, promotion is expected to promote performance growth;

It is optimistic that the cleaning equipment will take the lead in achieving a comprehensive breakthrough, and the domestic double bibcock will enter a period of rapid growth, in which the IPO registration of Shengmei Semiconductor Division Chuangban has been agreed by the CSRC, to the pure science and technology report shows that in the second half of the year, a number of equipment will be delivered to SMIC, Huahong, Yandong Technology and other mainstream customer production lines;

The testing equipment racing track is good, the development space is large, and the ecology of domestic leading products such as Huafeng Measurement and Control has been gradually improved.

It is worth mentioning that, in addition to the Shengmei Semiconductor mentioned above, Yitang Semiconductor, Huahai Qingke and Tuojing Technology also plan to land on the Kechuang board. Among them, Yitang Semiconductor and Huahai Qingke have submitted registration, and Tuojing Technology's listing application was inquired last month.