In the past two years, the "chip shortage" has swept the world, the chip industry continues to be in high prosperity, and major semiconductor manufacturers have announced plans to expand production.
However, since 2022, due to the epidemic and inflation factors, the shipments of consumer electronic products such as smartphones and PCs have plummeted, and the demand for consumer chips has dropped sharply. The prices of some chips have begun to decline in avalanches, and the chip industry is in a downturn.
Faced with the increasing chill in the chip market, many major manufacturers such as Microtron , SK Hynix , TSMC, and Liji Electric have successively revised their capital expenditure plans. Let's take a look.
1, Micron
Currently, the memory is still in a state of oversupply, and the downward trend is still continuing. According to TrendForce's latest forecast, DRAM prices will fall another 13%-18% in the fourth quarter, while NAND flash memory prices will fall another 15%-20% in the fourth quarter.
htmlOn September 30, the memory chip manufacturer Micron released its fourth quarter financial report for the 2022 fiscal year. According to the financial report, Micron's revenue in the fourth quarter of fiscal year 2022 was US$6.64 billion, a year-on-year decline of about 20%. The decline in demand for memory chips exceeded the expectations of Micron and analysis institutions.Looking to the future, Micron believes that future memory chip demand and company operations will face more serious difficulties, and Micron will cut its investment plans. It is reported that Micron has previously cut capital expenditures and now expects capital expenditures to be US$8 billion in fiscal 2023, a 30% decrease from the previous year.
2, SK Hynix
memory chip market prospects are bleak, and the capital expenditure of the major memory chip manufacturer SK Hynix may be significantly reduced in 2023.
At the end of September this year, according to South Korean media reports, SK Hynix has revised its orders for next year to equipment manufacturers, and may significantly reduce the investment plan for equipment in next year, and capital expenditure may be significantly reduced by 70%-80% in 2023. At this point, SK Hynix has become the memory chip manufacturer with the largest correction in capital expenditures.
3, TSMC
Recently, TSMC fired the first shot to repair the capital expenditure of wafer .
On October 13, at the third quarter legal meeting, TSMC stated that it would lower its capital expenditure this year to US$36 billion. It is understood that TSMC originally planned capital expenditures of US$40-44 billion at the beginning of this year, and the second quarter was adjusted to nearly RMB40 billion. Compared with the estimated value at the beginning of the year, the downward revision rate reached 20%.
As for capital expenditure in 2023, TSMC Finance Minister Huang Renzhao said that he is still cautious in viewing customer needs at present, but will ensure that it can support the long-term structural growth of customers.
4, Lijidian
After TSMC downgraded its capital expenditure, Lijidian chose to follow up.
Liji Electric said that due to the shortage of labor in clean rooms and electromechanical engineering, the lengthening of equipment delivery period and the adjustment of capacity planning in response to market conditions, capital expenditure this year was revised down from US$1.5 billion to US$850 million, a decrease of up to 43%.
In general, the overall chip economy is continuing to decline, and market pessimism is spreading.
The industry believes that subsequent IDM factories including Samsung , Intel , as well as wafer foundries such as UMC , and World Advanced will also downgrade capital expenditures to survive the market downturn.
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