Since this year, the wave of lack of core has been difficult to disperse, even if the price is rising to snatch goods is becoming the status quo of the global semiconductor industry, and the most injured than the automobile industry, production stopping-down one after another.
A severe shortage of foundry capacity led Taiwan's largest foundries to raise their chip foundry prices again in the third quarter, by as much as 30 per cent, well above market expectations of 15 per cent. Power semiconductor suppliers such as Infineon, STMicroelectronics, Ansenmei have also issued price increases notice, Infineon is expected to start price increases in the middle of June, the increase will be 12%; STMicroelectronics on June 1 began to increase prices; The price of some products will be increased from July 10 this year.
So, in this global storm, China's semiconductor enterprises and what trends, can grasp the opportunity?
OEM, sealed test capacity supply is not, import substitution non-stop
Import restrictions since the Trump era have triggered the first wave of domestic import substitution in the semiconductor industry. Now in the Biden era, policy has not been relaxed, and the sense of urgency of import substitution is growing. However, the current domestic and foreign epidemics have accelerated the pace of import substitution.
SMIC said customers in the U.S. and Europe accounted for nearly 45 percent of its revenue in the first quarter of this year, and that the company's production capacity is falling short of demand. Earlier this year, Zhao Haijun, SMIC's co-chief executive, said on a first-quarter earnings call that 0.15 and 40 nanometers were the biggest gaps, while 55 nanometers had a very large gap. "The company's principle of capacity allocation is to give priority to customers with long-term cooperation and common development with SMIC, and then to consider high gross margin products, while maintaining close communication with other customers to ensure the most important needs."
The prosperity of the domestic production line is high, and it is expected to undertake the transfer of overseas orders from related parties. According to media reports, domestic closed and tested manufacturers, led by Changdian Technology, Huatian Technology and Tongfu Micro-Power, are currently full of orders and even have orders scheduled until Q1 2022. If the epidemic continues to worsen, they are expected to accept orders transfer under the drive of equity and cooperative relations. Huatian Technology acquired Unisem, a famous closed test company in Malaysia, in 2019, and recently released a plan of 5.1 billion yuan for fixed-increment. ChangdianTech announced the formal completion of the acquisition of ADI's test facility in Singapore. In 2020, its advanced packaging production increased by 29.25% year on year.
BYD semiconductor spin-off listing, the target is directed at automotive semiconductor
On the evening of June 16, BYD issued a message that the company's shareholders' meeting almost unanimously approved the proposal to spin off its subsidiary BYD Semiconductor Co., Ltd. to get listed on the Growth Enterprise Market.
BYD Semiconductor is a new type of semiconductor supplier, mainly engaged in power semiconductor, intelligent control IC, intelligent sensor and optoelectronic semiconductor research and development, production and sales, covering the induction, processing and control of electric, optical, magnetic and other signals. In the future, BYD Semiconductor will focus on automotive grade semiconductors and simultaneously promote the development of semiconductors in the fields of industry, home appliances, new energy and consumer electronics.
In the automotive field, BYD Semiconductor takes the lead in manufacturing and mass producing IGBT, SiC MOSFET, IPM, MCU, CMOS image sensor, electromagnetic and pressure sensor, LED light source, on-board LED display and other car standard semiconductor products; In industrial, consumer electronics and home appliances, BYD Semiconductor has successfully mass produced IGBT, IPM, MCU, CMOS image sensor, embedded fingerprint recognition, current sensor, battery protection IC, AC-DC IC, LED light source, LED lighting, LED display and other products.
From the financial data, BYD Semiconductor in 2018, 2019 and 2020 achieved operating revenue of 1.34 billion yuan, 1.096 billion yuan, 1.441 billion yuan, net profit of 104 million yuan, 85,114,900 yuan, 58.632,400 yuan, respectively. It has three subsidiaries: Ningbo BYD Semiconductor Co., Ltd., Guangdong BYD Energy Saving Technology Co., Ltd., Changsha BYD Semiconductor Co., Ltd.
Another member of the $100 billion club
The stock price of China Resources Micro recently exceeded 76 yuan, and the market value of China Resources Micro has officially reached 100 billion yuan, becoming the fifth largest semiconductor company in China with a market value after SMIC, Weil Holdings, Zossun Micro and NAURA.
Huarun micro main business is divided into products and solutions (power semiconductors, smart sensors and intelligent control) and the manufacturing and services (wafer manufacturing, assembly, mask manufacturing) two big section, is one of the largest power device companies, domestic chip design, wafer manufacturing, assembly and so on the whole industry chain integration management ability.
China Resources Micro plans to raise 5 billion yuan to build a sealing and testing production line as well as a 12-inch wafer production line that it will build in a joint venture with Big Fund II. The announcement disclosed that the total planned investment of the 12-inch power semiconductor wafer production line project is 7.55 billion yuan, after the completion of the project is expected to form a monthly output of 30,000 12-inch high-end power semiconductor wafer production capacity, and supporting the construction of 12 inch extension and wafer process capacity. China Resources Micro said, "At present, most of the company's power device packaging rely on outsourcing, with the company's future finished product rate and 12-inch production line production, the company hopes to increase the production capacity of the sealing and testing business, through the sealing and testing supporting to improve the added value of the product business."
How do Chinese semiconductor companies cope with the current situation of "lack of core, price rise and goods grab"? A - share semiconductor company market capitalization of the Top10
2021 06/23