Gathering micro-network news (Reporter / Deng Wenbiao), 'All power devices are increasing in price, with capacitors leading the way, MOSFETs, IGBTs, diodes, etc. are continuing to follow up the tide of price increases.' Insiders told the micro-network reporter that since Since last year, the capacitance has risen more than 10 times, MOS and IGBT have risen more than 40%, and the price of power devices will remain firm for a long time.
What's even more serious is that under the current tight production capacity of upstream wafers, the insufficiency of supply capacity will only protect the customers, and it will be difficult for small and medium-sized customers to get orders. The pressure for survival is very high. The entire power device market will begin to shuffle. ” Many small manufacturers in China, especially in South China, are accelerating.
8-inch wafer shortage single chip rose to 300 yuan, 12-inch production line can not ease
Since last year, power devices have been out of stock one after another. The supply of 8-inch wafers has been in short supply, and the market demand has been strong. This has caused upstream price surges. Since this year, power devices such as MOSFETs and IGBTs have been continuously out of stock prices, and delivery trends Presented a fully extended situation, some of the MOSFETs were delivered for more than 40 weeks, and even out of stock.
The upstream source told reporters at Jiwei.com that the price of MOSFETs and IGBTs has increased by more than 40% since last year, and the overall price increase for 8-inch wafers has approached 30%. The price of single 8-inch wafers was 200 yuan. Monolithic prices have now risen to 300 yuan, so price increases for power devices such as MOSFETs and IGBTs are more indicative of price transfers. The demand for 8-inch wafers is in short supply.
Then the 8-inch production line can not meet the 12-inch production line capacity to solve the problem? The above sources said that in the power device, the current 12-inch production line production is very low probability, because it will involve the problem of the industry chain, and Power devices may involve backside processing and packaging related issues. The possibility of solving problems in a 12-inch production line is not significant in the short term. Now, power devices are mainly concentrated on 6-inch and 8-inch capacity, and 8-inch capacity is more cost-effective. High, 6 inch is mainly to do the traditional high voltage mode power device.
More importantly, the 8-inch production line is now scarce. It is difficult to quickly build 8-inch production lines in the short term. Industry insiders say that the world's largest equipment manufacturers have gone to 12-inch devices, and 8-inch devices have basically stopped production. Domestic 8-inch production line can only buy second-hand 8-inch line equipment, but now there are not many used equipment, only a foreign company can open a domestic manufacturer.
However, the 8-inch production line is not necessarily available now. According to industry sources, under the current market conditions, the cost of building a new 8-inch production line is too high. Now it costs RMB 3-3.5 billion to build 8-inch lines. But in the off-season, it may have cost less than 2 billion yuan to build 8 inches. Now the price-to-output ratio is too low.
So, now, the feasibility of investing in an 8-inch production line to solve the production capacity problem is not very big. Like the newly-opened production line pulling equipment up, including the steady increase in production capacity, there is a lot of uncertainty. It is difficult to solve the problem of time productivity.
A power device agent in Shenzhen also told reporters that although Silan Microelectronics, Yandong, and SMIC’s 8-inch production lines have all been put into production, the impact on the supply and demand of the market will not be great, so from the end market, the current The price of power devices is still very strong.
In fact, people in the industry basically believe that the current price of power devices is also reasonable. Previously, the power device market was fiercely competitive, and quoting prices to customers was basically 5-10% year-on-year. The situation of low prices is not reasonable for the semiconductor industry. The upstream manufacturer stated that the price of wafers has stabilized, and that it is of little significance to increase prices. Now that it has risen to the upper limit of the reasonable range, the future trend of power devices remains steady under the tight supply market. There is a rise.
Huge gap, consumption of consumer electronics is better than ever
'Any industry has such a key incentive for this, just look at the process to see what causes this change.' For the current status of power devices that are continuously out of stock prices, a Shanghai-based original VP told Jiji.com. Mainly due to the rapid rise of the new energy auto market, the demand gap is huge. Even if the industry leader Infineon supplies all its production capacity to automotive electronics, it is far from enough.
From the current global power semiconductor market pattern, it is basically occupied by Infineon, ON Semiconductor and other international giants. According to data released by Leqing think tank, Infineon’s market share of power MOSFETs reached 26.4%, occupying the first place. Position, second place is ON Semiconductor.
The aforementioned VP indicated that due to the lucrative high-end market for automotive electronics, Infineon will inevitably give up some low-end production capacity. Of course, this is achieved through continuous iterations. Infineon will first give up some of the mid-end consumer production capacity. At the low end, they gave up a wave. In this case, there will be a huge gap in the consumer electronics market. Coupled with the transmission effect of the big manufacturers, the price increase of power devices will quickly spread.
Yuanda Investment Consultant also analyzed that during the analysis of this round of MOSFET market, Infineon, STMicroelectronics, Texas Instruments, Renesas and other major international companies have turned to high-margin industrial applications. High-end automotive products are used for fading out. MOSFETs for consumer electronics products such as PCs and cell phones.
In the consumer electronics market, with more and more mobile phones, more and more complex applications, more and more power devices are required. The above VP revealed that, with the MOSFET application as an example, the fast charge current of mobile phones is increasing. The larger the capacity is, the more it consumes. The original MOSFET chip was a piece of 8-inch wafer with about 40,000 MOSFETs. Now that the fast-charge current is getting larger, only one wafer can make about 5,000 MOSFETs.
In this way, the production capacity of wafer-wasting in the low-end market such as consumer electronics will be even more severe, and the capacity shortage of wafers will also be highlighted. Together with the high profits of the new energy market, the international giants will forego some of the low-end consumer products. market.
In addition, there is a large demand for MOSFETs in the fast-paced wireless charging market. 4-6 MOSFETs are used in a wireless charger. It is conceivable that tens of millions of wireless chargers are required for MOSFETs. How big, but at this stage, the wireless charging market is still a process of growth, and the demand will gradually increase. In addition, the fast charging power is increasing, and the mode of low voltage and high current is gradually becoming dominant, which also involves the upgrading of MOSFETs. , Consumed capacity is even better than ever.
Small domestic manufacturers are facing closures and the industry begins to reshuffle
With the continuous tight production capacity of upstream wafers, international giants such as Infineon have turned to high-end new energy markets. The consumption of power devices in mid-to-low-end markets is even more successful than ever before. On the one hand, they are indeed brought to the domestic power device manufacturers. The opportunity came, but it also brought confusion.
The power device manufacturer indicated to JiWei.com that its implementation is already very expensive for power devices such as MOSFETs and IGBTs. For the current situation, the dilemma is that even if the price goes up again, it will be difficult to deliver the goods and it will rise again. The significance of price is not significant. Of course, from the point of view of profit, of course, the higher the better.
According to another industry source, many original manufacturers are afraid to offer their customers free quotes because they fear that if the price of the newspaper is accepted by the customer, it will be more troublesome if it is not delivered. If the price increase can be used for shipping, that would be okay. Now the key is a lot of the original factory can not be shipped.
However, from the agent's point of view, it will still report high prices to customers and continue to push up the market for power devices. In addition, prices in spot markets like Shenzhen Huaqiangbei are even more outrageous, and the possibility of upward adjustment of prices every day is now possible. All exist. But to a certain degree of market, these power devices become valuable and have no market.
'We are now paying attention to the changes in market conditions, and on the other hand, we are still considering how to solve the problem of capacity. This is the top priority. 'The VP said that the production capacity will continue to be tight, there are no signs of easing, but the price If we go up, we will deviate from the value curve, and the price increase will not be significant, because we must consider the relationship between customers and we cannot go very far.
As a result, orders for MOSFETs or IGBTs such as silicon silicom, new tang, etc. have already been claimed at the end of the year under the current situation where the upstream wafers have not been relieved of tension. Prior to this, it was reported that MOS, NTD, etc. Season has been determined to increase prices, including 6-inch foundry prices rose by 10 to 20%, 8-inch wafer foundry prices have also risen 5 to 10%.
According to industry insiders, there is still a large probability of such price fluctuations. Currently, CR Microelectronics adopts the mode of bidding price increase. In the case of a market that is still out of stock, the price is 5-10% per month. Price increases, but the overall number is limited.
Under the current situation, where the supply capacity exceeds the demand for supply due to the shortage of supply capacity, the VP stated that the supply capacity that exceeds supply will only protect the customers, and it will be very difficult for small and medium-sized customers to get orders. The pressure for survival is very high. The entire power device market also follows suit. Since the beginning of 'reshuffle', small and medium-sized manufacturers of power devices in China, especially in South China, have been accelerating and have exerted a great influence on the downstream market.
On the one hand, once the downstream manufacturers were shuffled, some small power device manufacturers could not play, they could not get their own wafers, and the profits were low. One wave of price increases was dragged to death; on the other hand, From a positive perspective, we will make everyone pay more attention to product quality and pay more attention to the brand. What's worse, it will increase the burden on the downstream machine manufacturers. Because the profit of the whole machine is very low, it will quickly grow in the short term. The cost.
The same is true. Nowadays, many small factories in South China, such as Shenzhen, are getting more and more sad. The first is that the supply chain is incomplete, and the second is that there is no price advantage. Because wafers are not available, low-end customers do not move, and end customers are also Can not maintain, so there will be a number of small companies have closed down, the entire power devices, especially MOSFET manufacturers will open the reshuffle situation.
However, in the long run, the entire domestic power device market will undergo an unordered to orderly transition. Smaller manufacturers will disappear or merge with them, and the degree of integration will become higher and higher. This is also a good thing for the industry. In the end, the players who will make more achievements will be able to manage and control the entire resources and materials within a reasonable range. This kind of agglomeration effect will grow stronger in the future.
It is worth emphasizing that, from the current point of view, the trend of price increase for the entire power device will remain strong in the next 2-3 years, because the newly opened 8-inch production line can not basically meet the existing huge gap, and it will start to increase this year. The 8-inch production line has to wait two years before entering the mass production phase. More critically, the equipment is not necessarily available today. This means that in the next 2-3 years, the entire power device market will continue to be popular. The overall price has risen steadily. (Proofreading/Fan Rong) (2) Strong earthquakes Sharp and other Japanese companies stopped their inspections;
In the northern part of Ogami Prefecture, Japan, after the 6.1-magnitude earthquake on Monday morning, a number of companies, including Panasonic and Honda Motors, temporarily shut down factories to check the damage.
In Panasonic, Daejeon, the site has ordered the suspension of three plants. Daihatsu, a unit of Toyota, suspended operations in Daegu and Kyoto plants to check the damage, and the Osaka factory resumed production on Monday evening.
Honda temporarily shut down the production line of the Suzuka plant in Mie Prefecture. Mitsubishi Motors temporarily suspended the production lines of two factories in Kyoto and Shiga Prefecture. Both auto makers stated that they have resumed operations after the safety inspection.
The LCD panel plant jointly operated by Sharp and Hon Hai was temporarily shut down due to the earthquake. The company said that the plant was not affected by the earthquake and is expected to resume production soon.
The tractor manufacturer Kubota shut down two factories in the Daejeon area. The air-conditioning manufacturer Daikin Industries had two factories temporarily shut down, one of which had returned to operation at noon.
Although Panasonic and Sharp in Daejeon did not report disasters in their plant and production facilities, their share prices fell 2.7% and 3.2% respectively on Monday to 1,524.5 yen and 2,713 yen.
Miura Securities senior technology analyst Miura said: 'The impact of the earthquake on the Japanese economy may be limited, but foreign investors are aware of the earthquake risk in Japan, to avoid overweight Japanese stocks.'
In addition, the Kansai Electric Power Company stated that there are no abnormalities in the three nuclear power plants in Mihama, Takahama, and Daejon in the northern part of Daejeon. There are more than 170,000 households in Osaka and neighboring Hyogo Prefecture, and the electricity is cut off within two hours. Reply power supply.
Japan Airlines said that due to the cancellation of 60 quakes, the number of affected passengers reached 6,320. Fourteen flights were cancelled in the national airspace, affecting approximately 1,100 passengers.
3.Android back to God MediaTek P60 accounted for Q2 shipments rose to more than 50%;
Taiwan stocks fluctuated sharply on Friday (15th). After the midday, they rose to 11,087.47 points in late trading. Performance themes of MediaTek (2454) and Brand New (2455) were bought by short-term buying orders, trading was active, and MediaTek was able to measure energy. An increase of 38% from the previous day to close the market, while the new band has a new high price band, linking hot warrants can be hot.
In the first quarter of MediaTek's low demand for semiconductors, shipments of mobile computing platforms decreased, and growth and maturity were still in the off-season. However, single-quarter revenue was 49.65 billion yuan, which is in line with the legal outlook. The mobile computing platform has dropped to 30 to 35%. , Growth and maturity are all increased to 30-35%, benefit from the continued heavy volume of new SP products, gross margin rose to 38.4%, outside the industry due to no interest, single quarter EPS was 1.68 yuan.
Looking ahead, MediaTek's operations will continue to increase due to new products such as the P60, which will increase the shipment volume of mobile computing platforms. The adoption of a new generation of modem architecture will increase the proportion of handset chips from 30 to 35% in the first quarter to over 50%. , The growth and maturity of new products also continued to increase, with an estimated quarterly revenue of 55.6 to 59.6 billion yuan (12% to 20% in the quarter). Looking ahead this year's operating gross margin, the original forecast is expected to rebound to 36 to 39% in the second half of the year. , But it has reached the touchdown in advance in the first half of the year, and the annual gross profit rate is 35~40%.
The brand-new supplier of GaAs epitaxial wafers (EPI) manufactured by MOCVD technology ranks as one of the top three manufacturers in the world. The new May in Android mobile phone PA after nearly 3 quarters of adjustment, single Monthly revenue was RMB 190 million, which was a monthly increase of 0.4%, a year-on-year decrease of 1%. In the second quarter, due to the high impact of the optical communication product line in the first quarter base period, the operation gradually entered the peak season of traditional PA pulling, and the legal person estimated the second quarter. Revenue will increase by 5% in the quarter.
In the new VCSEL product line, 8 sets of VCSELs have been available for production at the end of May. Due to the need for two-phase certification, VCSEL EPI will be shipped in the fastest quarter of the year. The company's overall observations have a chance to grow by 10 to 15% this year. , VCSEL EPI product line has the opportunity to ship after customer certification, will be the main kinetic energy in the future.
4.3D Sensing 夯 Da Liguang will double its profit in the second half of the year;
Apple's three new iPhones will be equipped with 3D sensing capabilities. As all P (plastic lenses) are expected to replace wafer-level lenses as the main technology for 3D sensing transmitter lenses, Daliguang and Yujingguang are expected to eat one more lens. Orders, driving the revenue of the two companies all the way to the end of the year, the second half of the profit will be doubled over the first half.
3D sensing is still the mainstream application of high-end smartphones this year. The demand for stimulating cameras has greatly increased. Daliguang is rushing to grab the relevant business opportunities. Da Liguang CEO Lin Enping revealed that the company delivers samples with a full P (plastic lens) design. Compared to the current Wafer Level lens, half of the wafer level is better packaged by downstream module manufacturers.
Last year, only three of the iPhone's top-of-the-range iPhones were equipped with 3D-sensing lenses. However, corporations are optimistic that in the second half of the year, three new iPhone models will be equipped with a full-screen and Face ID, which means 'three faces', meaning three iPhones. Fully equipped with 3D sensing lens, not only the number of increase, Dali light is more all-P design, strive for 3D sensing of the transmitter lens, replacing wafer-level lenses, so that Dali light for new iPhone more lens orders.
According to industry analysis, the iPhone X is the first iPhone equipped with a 3D sensing lens. After becoming a dual lens, the smartphone is another new bright spot. However, among the two lenses used for 3D sensing, one is the transmitting end and the other is the receiving one. At the end, where the heat generated by the laser is emitted from the emitter, iX uses a wafer-level optical lens solution to allow the optics factory to eat only the receiver lens. The main suppliers are Dali and Jade.
Due to the poor accuracy of wafer-level optics, Apple has tried other solutions. Lin Enping revealed that by adding a plastic lens and lengthening the back focus to avoid overheating the full P design, it is not only costly. Less than half, the plastic lens is also more manufacturability, and the downstream module factory is better. In other words, the three advantages of Dali technology, manufacturing and cost, 'complete sealing' molded glass, wafer-level lenses into the smartphone may Sexual. Market interpretation, will soon be 9 Moon phase, equipped with a new iPhone with 3D sensing capabilities. Da Liguang and Jade Jade Light are expected to eat one more shot.
According to the business outlook released by Lin Enping a few days ago, 'there is full capacity before July and the list is a bit more', market analysis, Lin Enping's remarks, is in line with Apple's new machine pull schedule in the second half of the year.
5. Aluminum capacitor price increase Zhibao tonic;
Passive element aluminum electrolytic capacitors have entered the price increase stage. The Taiwan Plant estimated that from June to July, the price increase benefit will be gradually reflected in revenue, which will help Zhibao (2375), a subsidiary of Guoge Group, and Kaimei, As well as Jinshan Electric, Lilong and Japanese companies trading in Japan and Japan and other related trade operators.
Passive components are still trending upward this year. In addition to the hottest laminated ceramic capacitors (MLCCs) of the past year, the two major sub-industries of chip resistors and aluminum electrolytic capacitors are also gaining ground this year.
In terms of aluminum electrolytic capacitors, due to the Japanese plant entering the second round of price hikes, the mainland leading plant Aihua, Hong Kong business owners, Taiwan plant Kami, Lilong, and Jinshan Electric also continued to rush for price increases to customers, up 8%. Between 20%, depending on product gross margin and customer condition.
In particular, after Ai Hua and Feng Pin released the price increase message, the client has begun to accept the fact that the non-dairy factory also needs to increase its price.
Taiwan Factory estimates that the new price will come into effect from June to July and is reflected in the monthly revenue, which will improve the cost pressure caused by the rise of aluminum foil and other raw materials.
The source of this wave of aluminum electrolytic capacitor price increases comes from the fact that the Japanese company Rubicon’s earliest creditor bank requested to improve its profit structure, withdraw from the non-profitable areas since the third quarter of last year, and escalate the price of the product to the customer's entire line. to make.
In the subsequent global aluminum electrolytic capacitor plant, Nippom Chemi-Con, another major manufacturer, Nichicon, followed up in the fourth quarter of last year. The Taiwanese factory subsequently followed up in the first quarter of this year and finally entered the final stage of the second quarter. Price increase phase.
The supplier pointed out that at present, the delivery period of some aluminum electrolytic capacitors has been extended to more than six months, which is higher than MLCC, coupled with the shortage of upstream aluminum foil, the price continues to rise, the overall supply chain is out of stock, and the price increase situation is difficult to resolve this year. daily 6. In May, the export of ICT industry to China soared by 32.7%;
According to Yonhap News, according to the Yonhap News Agency, the Korean Ministry of Science, Technology, and Communications released data on Monday that South Korea’s export of information and communication technology (ICT) industry in May was US$18.57 billion, up 20.6% year-on-year, since December 2016. Has maintained double-digit growth for 18 consecutive months and set a record high for the calendar year.
From the perspective of export products, semiconductor exports increased by 43.5% year-on-year to US$10.94 billion, and exceeded the US$10 billion mark for the second time since March last year. Thanks to the new smartphones, US$1.41 billion was exported. Exports increased by 4.5% year-on-year in 26 months. In addition, computer and peripheral products increased by 28.6% year-on-year to US$950 million.
From the perspective of the export target countries, exports to China soared by 32.7%, an increase of record highs reaching US$10.4 billion; exports to the United States increased by 32.2% from the same period last year to US$1.78 billion; exports to the EU increased by 28.4% year-on-year to US$1.01 billion. On the contrary, due to negative factors such as the reduction of display and mobile phone exports, exports to Vietnam decreased by 13% year-on-year to 1.91 billion US dollars.
During the same period, the ICT industry's imports amounted to US$8.73 billion, an increase of 9.0% year-on-year. The ICT trade balance achieved a surplus of US$9.84 billion.