The top five semiconductor silicon wafer manufacturers worldwide are more cautious about the silicon wafer super recycling business strategy. At this stage, the business objectives are to maximize profits as the primary principle, followed by the maintenance of market share or product portfolio. Optimization and other objectives. In addition, due to the fact that the equipment for producing silicon wafers is still being delivered for more than one year, the supply of 12-inch silicon wafers in 2018 is expected to increase only slightly from 3 to 5%, while the 12-inch semiconductors Demand for silicon wafers is expected to increase by 5 to 7% per year, so this year's supply and demand gap for 12-inch silicon wafers will increase from 2017.
It is estimated that by 2020 all de-bottleneck will be used up, and the global demand for 12-inch silicon wafers will reach 6.5 million or more per month. If the industry no longer carries out new expansion, it will cause second-tier wafer fabs to be out of stock. First-line wafer plant shortage crisis.
At present, the market price of 12-inch silicon wafers has officially stood at US$100. Although the first-line semiconductor manufacturers have purchased large quantities, the average contract price has also reached nearly US$90. The average increase in the first quarter has been expanded to 15%. New production capacity will be released next year. In order to gain more silicon wafer production capacity, it is willing to consolidate the supply volume by 10 to 20%. It is completely in the seller's market.
Silicon wafer plant revenue will rise quarter by quarter
At present, downstream semiconductor customers are seeking supply assurance. Signing of long-term purchase contracts has become the norm. Among them, taking Taiwan's leading global crystal as an example, orders for six-inch silicon wafers will reach the end of 2018, and prices will rise slightly; eight-inch silicon wafers Round demand goes directly to June 2019. Orders for 12-inch silicon wafers are required until the end of 2019. Some customers even reach 2020.
In terms of current market conditions, if the downstream customers fail to enter into long-term contracts for guaranteed quantity and price with Universal, the company will not be able to supply sufficient quantities to meet customer needs. The time point for the first wave of price increases this year is in force in January 2018. Effective on the 1st, global crystal is expected to gradually increase prices in the next quarter or every six months.
Universal's net profit record high Taiwan Sembcorp revenue see
As the average price of Universal's customer contracts increased by nearly two digits, it is expected that the first quarter of global crystal consolidated revenue could reach 13.525 billion yuan, continuing to hit a new high; and the new contract price will be effective to counteract the negative factors of the appreciation of the new Taiwan dollar, and it is expected that the gross profit margin will increase. Further increase of 3.9 percentage points to 34.3%, business interests are estimated to reach 3.328 billion yuan; Under the interest expense reduction outside the industry, the estimated net profit is about 0.71 billion yuan; After-tax net profit is estimated to reach 2.51 billion yuan, and the single quarter EPS is about 5.74 Yuan, will set a record high.
Taiwan’s another silicon wafer fab, Taiwan Seiko, is a joint venture between Formosa Plastics and Japanese Sumco, with the latest holdings being 41.32% and 46.95%, respectively. Among them, Sumco is the second largest supplier of silicon wafers in the world, including its technical resources and The advantages of Taiwan Foundry have also become an important supply chain for Sumco in Taiwan. At present, the production capacity of 12-inch and 8-inch production capacity is approximately 280,000 and 320,000, respectively, with a market share of approximately 6%. Major customers The structure was foundry and DRAM plants accounted for half of the total. Among them, TSMC, Micron, Inako, Nanke, and UMC all accounted for about 60% of the total shipments. The mainland market currently ships eight inches, accounting for approximately 20%, given that the silicon wafer industry is in short supply, the company's strategy tends not to sign a long contract but close to the spot price in order to improve the profitability. It is estimated that this year's revenue will also hit a new quarter by quarter, and it is worth keeping track of.