Semiconductor concept fiery
As of last Friday's close, the 3D sensor index rose 2.14%, ranking the first in the concept index; chip localization, 3D printing, sensor index rose extremely high, rose 1.98%, 1.06% and 0.86% respectively ... ... On the same day, all the topics that are related to the 'chips' are warmly sought after by investors. Shares of Jing Jiawei, Tongfu Microelectronics Co., Ltd., Poly Can Optoelectronics Co., Ltd. and Jinyun Laser Co., Ltd. are trading at a strong limit.
With the rapid development of the computer and Internet technology revolution in the last round of the chip industry, due to the international division of labor brought about by globalization, in recent years the domestic chip industry has started to take advantage of the rapid domestic heavy-duty consumer market and the relatively low labor cost advantage. Rise.
For the recent collective strength of the semiconductor theme, Huatai Securities believes that there are two reasons: First, downstream demand boom, rapid growth performance, related businesses in the third quarter sales, operating profit, net profit significantly improved; Second, the industry trend up, hot Frequent, such as the recent hot plate of artificial intelligence from the downstream to the upstream transfer, which is due to various areas of AI algorithm has been developed to a certain level, can solve the problems in the field of application, some mature field algorithm is no longer a core issue, but rather computing power In determining the performance of the product, so the upstream hardware requirements and requirements are rising.Large number of electronic products in the valley have a similar phenomenon, the performance of the software side of the rich format driven hardware demand growth.
In the field of LED chips, a new round of expansion has gradually raised the voice of domestic producers and sellers.With the enhancement of the competitiveness of domestic enterprises, the Chinese LED manufacturers represented by San'an and Huacan have now become the dominant LED chip makers in China. Domestic LED chips accounted for 76%, LED chip export rate to further enhance.October 26, BOE held in Chengdu sixth generation flexible AMOLED production line mass production ceremony.This flexible screen production line is not only BOE first, but also the domestic receipt Flexible screen production line. Ping An Securities believes that LED chips will usher in a new round of peak expansion.
Two main lines looking for gold
According to third-party data, the market size of China's artificial intelligence market in 2016 reached 9.661 billion yuan, an increase of 37.9%, and will reach 13.5 billion yuan in 2017, an increase of 41.2%, and it is expected that the market size will exceed 20 billion yuan to reach 20.53 billion yuan in 2018. Artificial intelligence has been widely used in fields such as education, healthcare, old-age pension, environmental protection, urban operation and judicial services.
Southwest Securities believes that the rise of the domestic chip industry is inevitable.According to Porter's theory of national competitive advantage: from the factor conditions, low labor costs; from the conditions of demand, the consumer market space; from the industrial ecological group point of view, there have been Yangtze River Delta, Bohai Rim, the Pearl River Delta three integrated circuit industry gathering area; from the company's strategy point of view, the policy attaches great importance to and support to accelerate the development of the industry.
Huatai Securities believes that in 2016, the global IC industry will grow by less than 10% in addition to equipment industry growth of 13%, while the growth rates of design, manufacturing, packaging and testing, and material market will all be less than 10%. China IC design, manufacturing, packaging and testing, materials and equipment The market growth rates were 24%, 25%, 13%, 10% and 31%, both significantly higher than the growth rate of the global market.With the global IC manufacturers to build factories in China led to the global capacity eastward, the local integrated circuits Enterprises will usher in the golden development decade.
Combined with industry chain analysis, Southwest Securities recommendations, the layout of the direction, focusing on the field of subdivision more clear industry pattern, the logic of certainty higher sub-sectors and leading listed companies that its future development of the domestic chip industry has two Article 1: The core technology can be enhanced through overseas acquisitions; the second is to accelerate the integration within the country based on the favorable conditions in time and place to expand the position of the industry chain. At the current Internet of Things technology continues to fall, wearable devices, VR helmets / glasses, UAV Such as smart hardware chip applications expanding market conditions, the domestic chip industry has tremendous potential for development.
Concerned about the trend of chip localization, Huatai Securities recommended two main lines of layout: First, the semiconductor fixed investment, with increased investment in the industry, the next two to three years, the relevant capital expenditures will reach its peak; the second is the semiconductor packaging and testing and manufacturing, Affected by the transfer of the semiconductor industry to Asia, coupled with the support of the Fund, the active acquisition of foreign high-quality assets, IC packaging and testing and manufacturing strength will be rapidly strengthened.