Last night, the three major indexes of US stocks collectively opened high, and the chip sector was the brightest. The Philadelphia Semiconductor Index once hit a 52-week high in intraday trading, closing up nearly 5 points, much higher than the market and back above 3900 points.
A number of stocks swept away last week's decline. Among them, Nanwei Semiconductor rose more than 8%, Nvidia, Valens, Maiwell Technology, Asma, wolfspeed, NXP, Applied Materials, Ram Research, on Semiconductor all rose more than 5%, Qualcomm, GE Core, AMD, Intel, Micron, TSMC and so on all rose.
What are the common characteristics of stocks that take the lead in rising? Combing through their main businesses and looking at the new growth poles they are trying to develop, they are all heading for the automotive chip market.
Nano-Micro Semiconductor appeared on the recent Xiaomi Technology Day (Xiaomi 2021 was invested in Demo Day)) and demonstrated how its next-generation gallium nitride technology can be applied to Xiaomi's products, "including mobile fast chargers, household appliances, tools and electric vehicles." its kilowatt-class electric vehicle power chip has attracted the most attention, and Nano Semiconductor intends to use this product to join Xiaomi's auto camp.
Nvidia is the world's largest AI chip manufacturer, through the creation of "GPU+CPU+DPU"three-core" strategy to build the underlying technology of meta-universe, in addition, with the continuous improvement of smart car penetration, its intelligent cockpit chip and self-driving chip business is expected to bring it a large amount of revenue, Mercedes-Benz, Audi, Ulay, Xiaopeng, ideal and other new and old car companies have established cooperation with Invida.
Valens is a major semiconductor manufacturer for color trains, specializing in providing audio / video chip solutions for automobiles and has established strategic partnerships with a number of original equipment manufacturers and first-tier automotive suppliers in the field of self-driving.
Maywell Technology Q3 revenue hit an all-time high, the data center and vehicle-related chip business is its main source of income, and shows an explosive growth trend. In the third quarter, Maywell Technology data center chip business and automotive / industrial chip-related business increased by 109% and 114% respectively compared with the same period last year. The company has launched a new autopilot optimization chip based on the ARM architecture, which is intended to capture the market for autopilot computing chips with a compound growth rate of 20 per cent in the future.
At present, the penetration of electric vehicles is increasing, the whistle of the second half of automobile intelligence has been blown, and the demand for automotive chips is expected to further expand. Xie Heng, an analyst at Societe Generale Securities, said earlier that the overall car chip is expected to remain in a sustained business cycle next year. Take the high-pressure part as an example, in the process of rapid infiltration of electric vehicles, the demand for IGBT and SiC has increased significantly, and the value of a car has increased by thousands of yuan than that of fuel vehicles. The demand for vehicle specification-level logic IC, MCU, transistors and sensors has also increased significantly. At present, automotive specification-level signal chips and medium-and low-voltage mos are also in short supply, and the industry leader Ansenmei production capacity is obviously tight. In the future, the car gauge chip company, which has the flexibility of production capacity, will fully benefit from the electrification and electronization of cars and achieve a continuous increase in its share.
On the other hand, there are signs of normalization of inventory turnover of automotive semiconductors, and the problem of core shortage is alleviating. According to statistics, benefiting from the gradual recovery of production capacity, Renesas Electronics, NXP, Infineon, St Semiconductor, and Texas Instruments, five automotive semiconductor manufacturers, finally turned to rise eight months after an interval of eight months at the end of September, showing signs of normalization of inventory turnover.
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