Weekly trend of overseas chip stocks

This week, Ruiyu and Micron Technology successively released performance reports. TSMC will mass-produce 3 nm as scheduled in the second half of the year, or will dominate the advanced process market for 2-3 years.

Global manufacturers continue to increase their layout. Xperi announced the acquisition of Vewd, and II-VI's acquisition of Coherent was approved by China. Samsung Electric will invest an additional 300 billion won to expand the production capacity of FC-BGA substrates, and Micron will reduce the capital expenditure of fabs in fiscal year 23.

In addition, technical iterations and talent disputes still occur from time to time, and the market rumors that Intel, Samsung and TSMC set off a "grabbing war" in the United States.

Financial report and performance

1. micron's revenue of $8.64 billion in the third quarter accounted for 46.7%. On July 2, Micron's operating income was $8.64 billion, compared with $7.79 billion in the previous quarter and $7.42 billion in the same period last year. The company's gross profit margin is 46.7%. GAAP's net income was $2.63 billion, or $2.34 per diluted share. Non-GAAP net income was $2.94 billion, or diluted earnings per share was $2.59. Operating cash flow was $3.84 billion, compared with $3.63 billion in the previous quarter and $3.56 billion in the same period last year.

2. Ruiyu's revenue in June was NT$ 9.642 billion, down by 7.74% month-on July 5, Ruiyu's revenue in June was NT$ 9.642 billion (the same below), down by 7.74% month and up by 2.03% year. According to the Taiwan Province media "Central News Agency", Ruiyu's consolidated revenue in the second quarter was 30.499 billion yuan, a record high in a single quarter, with a quarterly increase of 2.5%; In the first six months of this year, the total revenue was 60.255 billion yuan, a year-on-year increase of 22.52%.

Market and public opinion

1. Samsung is considering lowering the price of memory chips in the second half of 2022-on July 5, according to industry sources, Samsung Electronics is considering lowering the price of memory chips in the second half of 2022, aiming to further expand its market share. According to sources, if Samsung decides to cut prices, other memory chip companies will follow suit and trigger a price war in the second half of this year.

2. TSMC will monopolize 3 nanometers. On July 4th, 2003, TSMC, the leading foundry of wafers, recently held an annual technical forum, announcing that the 3 nm N3 process will enter mass production in the second half of the year as scheduled, and launching TSMC FINFLEX technology supporting N3, which will further enhance the performance, power consumption efficiency and density of the 3 nm family technology. Industry analysts believe that TSMC's 3 nm node may dominate the advanced technology market for 2 3 years, and take orders from artificial intelligence (AI) and high performance computing (HPC), which has the opportunity to inject a shot in the arm for the recent weak stock price.

3. Japanese suppliers plan to further increase the quotation of semiconductor materials —— On July 5, according to Bloomberg News, Hideki Somemiya, chief financial officer of Showa Electric, said that this year's epidemic has caused supply confusion, and the Russian-Ukrainian war has led to soaring energy costs and a sharp depreciation of the yen. At least until 2023, the situation is unlikely to improve significantly, so the company was forced to raise prices to pass on costs. He pointed out that since Showa Electric is a supplier to manufacturers such as TSMC, Infineon and Toyota, the price increase may squeeze the profits of manufacturers or force customers to follow up the price increase.

Investment and production expansion

1.Xperi acquired Vewd for1090,000 USD through a mixture of cash and debt. On July 6th, VEWD is the world's leading provider of OTT and hybrid TV solutions, delivering more than 30 million connected TV devices every year. The acquisition makes Xperi a leading independent media platform through its brand TiVo and the largest independent supplier of smart TV middleware in the world. In addition, the transaction enables Xperi to install about 654.38+05 million devices in Europe, which can be monetized, including activating TiVo+, an advertisement that supports TV services for free.

2. Samsung Motor will invest an additional 300 billion won to expand the production capacity of FC-BGA substrates. On July 4, Samsung Motor announced that it plans to invest more money to produce FC-BGA substrates in South Korea and Vietnam. In the announcement, it is pointed out that an additional investment of 300 billion won will be used for the construction of facilities in Busan, Sejong and Vietnam. Through this investment, the company plans to actively respond to the increased demand for packaging substrates brought about by the high performance of semiconductors and market growth, especially to realize the mass production of packaging substrates for servers in Korea for the first time this year, and to consolidate the position of the top three in the world by expanding high-end products such as servers, networks and vehicles.

3.WolfSpeed: It is estimated that the new 8-inch SiC factory will be put into production in 2024-in April this year, Wolfspeed officially opened its most advanced Mohawk Valley SiC manufacturing factory in Marcy, new york, USA. Mohawk Valley Factory is the first 8-inch silicon carbide wafer factory in the world. In May this year, Wolfspeed announced the financial reporting company in the third quarter of fiscal year 2022 (calendar year Q 1). Gregg Lowe, CEO, said at that time that the new 8-inch SiC factory in New York, USA had been put into use and put into trial production, and it was estimated that it would make a significant contribution to revenue in the first half of next year. The world's first SiC 8-inch factory is expected to establish a SiC ecosystem in the future. It is estimated that the revenue of the 8-inch factory will start to increase substantially in the first half of next year.

4. Micron will reduce the capital expenditure of fabs in fiscal year 2023 —— On July 2, Micron CEO Sanjay Mehrotra said that the weak demand in consumer markets, including PCs and smart phones, has significantly dragged down the demand in the global memory industry. Therefore, the company decided to reduce its fab equipment capital expenditure in fiscal year 2023.

5. The second garden of Riyue Guangzhong Brick Factory will be started on July 15-the groundbreaking ceremony of the second garden of Zhongli Brick Factory will be held on July 15 by Riyue Semiconductor, a subsidiary of Riyue Investment Control. According to Taiwan media "Central News Agency", the second park of Zhongli Factory is used to expand the IC packaging and testing production line, which is expected to be completed in the third quarter of 2024. However, Sunshine Moonlight did not disclose the future investment amount of the new factory, which is estimated by the industry to exceed NT$10 billion.

6. The acquisition of Coherent by II-VI was approved by China, with a total purchase price of about USD 7 billion. On June 30th, the State Administration of Markets announced that it had decided to attach restrictive conditions to approve II-VI's acquisition of Coherent. According to the terms of the merger agreement, after the transaction is completed, each common share of Coherent will be converted into 220 US dollars in cash and 0.9 1 share of II-VI common stock, with a total purchase price of about 7 billion US dollars. Previously, II-VI expected that its acquisition of Coherent would be completed around July 1 day, 2022.

Technology and commerce

1. Samsung set up a semiconductor packaging working group-on July 5, it was reported that the working group was set up by Samsung Electronics in mid-June, and was directly responsible by Kyung Kye-hyun, CEO of DS Division. The team consists of engineers from DS Department's Test and System Packaging (TSP), researchers from Semiconductor R&D Center, and the management of the company's memory and foundry departments. It is expected that the team will propose advanced packaging solutions to strengthen cooperation with customers. Kyung's action shows that he attaches importance to advanced semiconductor packaging technology.

2. Supply chain manufacturers said that they had not received Apple's notice to cut orders-on July 4th, according to Taiwan Province media reports, it was reported that Apple was considering reducing the shipment of iPhone 14, which was 10% less than the original 90 million units. However, the supply chain manufacturers in Taiwan Province province of China said that they had not received the notice of cancellation from Apple, and the first shipment target of iPhone 14 remained unchanged at 90 million. According to Apple's practice, it is necessary to wait until the new product comes on the market, observe the actual sales situation in the terminal market, and then make the second or third wave adjustment. Therefore, it is a bit premature to say that the stocking volume is lowered by 10%. At present, the stocking and production of the supply chain are at a normal level.

3. Toshiba is involved in the motor business of the new generation of electric aircraft-on July 2, Toshiba will be involved in the production of the motor, the core component of the new generation of electric aircraft. It is reported that Toshiba has developed a technology that takes into account the output power and light weight of dozens of medium-sized machines, with the goal of commercialization in the second half of the 1920s.

4. Xinsi Technology and TJ launched a brand-new RF design scheme-June 29th news, Xinsi Technology recently launched a brand-new RF design process of TJ N6RF process to meet the increasingly complex RF integrated circuit design requirements. TJ's N6RF process adopts industry-leading RF CMOS technology, which can provide significant performance and efficiency improvement. Xinsi Technology, together with Ansys and Shide Technology * * *, has developed this brand-new RF design process, aiming at helping * * * to optimize the design of 5G chips with customers, improve the development efficiency and speed up the time to market.

Executives and talents

1. Intel, Samsung, TSMC launched a "war of grabbing people" in the United States-On June 30th, semiconductor giants such as Intel, Samsung, TSMC gathered in the United States to build new wafer production capacity. It is estimated that these new fabs will be completed and put into operation one after another in 2024, and at least 27,000 qualified front-line engineers are needed. However, domestic scholars in the United States estimate that the supply of local labor in the country is not enough to meet the demand, and at least 350 people need to be introduced.

2. TSMC's global employees' median salary increased to NT$ 2.06 million last year-July 1 day. The annual sustainable development report released by TSMC recently showed that the global employees' median salary increased to NT$ 2.06 million in 20021year. TSMC added 65,438+268,300 employees worldwide last year. By the end of last year, there were 65 1.52 million employees worldwide. TSMC pointed out that in addition to the rapid growth of high-tech industries, fierce competition in the talent market and accelerated personnel flow in recent years, the number of recruits in 202 1 has increased significantly compared with previous years.

3.SMIC: Zhou Meisheng, executive vice president of technology research and development of the company, resigned due to retirement-on June 30, SMIC pointed out in the announcement that the technology research and development of the company is proceeding normally at present, and the retirement of Dr. Zhou Meisheng will not have a significant adverse impact on the overall research and development strength of the company. In addition, the company decided to add Mr. Jinda and Mr. Yan Dayong as the core technicians of the company.

4.Arm said that it would use the proceeds from IPO to promote transactions and recruit more employees-on June 29th, Arm hoped to use the funds raised from the next initial public offering (IPO) to promote transactions and hire more employees to implement its ambitious expansion plan. (Proofreading/Humphrey)