[Text/Observer Network Lu Dong Editor/Tao Lifeng] Global chip production capacity is seriously in short supply, and price increases in upstream and downstream of the industrial chain are one after another.
According to Taiwan media Economic Daily on March 28, the previous peak and off-peak effects of the global chip industry have been completely disrupted. Industry insiders on the island revealed that after the 8-inch wafer , TSMC 12-inch wafer will also increase its price in April this year, and will use the first quarterly increase.
At the same time, the price increase of product and the expectation of downstream capacity expansion have caused the concept of semiconductors in the US stock market to soar collectively. Last Friday, semiconductor equipment manufacturers ASML, Applied Materials, Kelei and Ram Research all rose by more than 6%; TSMC , Qualcomm, Nvidia , Intel , etc. also collectively became popular.
US media report screenshot
Stock price trend of major semiconductor manufacturers
unit price is more than twice that of SMIC
According to Taiwan media reports, TSMC has previously adjusted the price of 8-inch wafers, and this time the price of 12-inch wafers rose by about $400. According to the quarterly increase, if the price increases for three consecutive quarters, the cumulative increase will reach US$1,200, but it is still smaller than the monthly increase of second-tier manufacturers.
In response to this, TSMC stated on March 28 that the company is committed to providing customer value and does not comment on price issues.
Screenshot of Taiwan media report
Research institution IC Insights recently released a report showing that the demand for advanced processes such as TSMC 5nm and 7nm has increased significantly. Last year, the average sales price per wafer rose to US$1,634 (approximately RMB 11,000) and became the first in the industry, with a year-on-year growth of more than 6% to a record high. is more than twice the price per wafer per wafer (US$684) of SMIC . The UMC on the island is also one of the manufacturers whose average chip price rose last year, an increase of about 8.87% year-on-year.
Image source: IC Insights
Taiwan media DIGITIMES Research expects that driven by 5G, high-performance computing (HPC) and digital transformation, the development of the wafer foundry industry will still have strong growth momentum this year, with the annual output value expected to exceed US$80 billion, with a year-on-year growth rate of 13%.
reported that in the face of global industrial chain shortage and large semiconductor wafer suppliers have not yet expanded production on a large scale, the main reason for the price increase of TSMC , which "never raising prices easily", is that compared with second-tier manufacturers such as UMC, the price of TSMC has increased twice since last year. The price of TSMC has become the cheapest, and compared with other second-tier manufacturers, TSMC has never commented on the price.
There are differences in the opinions of TSMC being rumored to have price increase. Some people believe that TSMC is different from second-tier manufacturers and will adjust the price range as the market is in progress. The so-called price increase may come from the cancellation of previous order capacity discounts.
report pointed out that the industry has become accustomed to price increases recently, and everything is rising, so it is difficult to predict what kind of product will be if the downward wave of price increases are. Industry insiders on the island pointed out that the prices of second-tier wafer foundry manufacturers are rising sharply, and some wafer manufacturers tend to adopt a collaborative floating system for future contract prices. Although TSMC is currently rumored to have adjusted its selling price for three consecutive quarters, it may not be adjusted every quarter.
As the main competitor of TSMC in the mainland, SMIC has also recently confirmed that it will adjust its price. In November last year, the company said in response to an investor question: existing customer orders will be conducted according to the signed contract, and new customers and new projects will be negotiated to determine the prices, and the company will also increase the average wafer price by optimizing the product portfolio.
"Shanghai Securities e-interaction" screenshot
Mainland wafer production capacity will significantly increase
At present, the global chip shortage has had a significant impact on the automotive and consumer electronics industries. Last Friday, NIO Automobile said that due to a shortage of automotive chips, it decided to suspend production at the Hefei JAC Automobile Factory for five days from March 29.
The company said that the overall supply restrictions on semiconductors have affected NIO production in March 2021. The company expects delivery volume to drop to 19,500 in the first quarter of 2021, compared with the previously announced expectations of 20,000 to 20,500.
Meanwhile, Jeep and Dodge automaker Stellantish also announced last Friday that it temporarily closed five North American factories due to chip shortages. Consulting firm Alix Partners estimates that the chip shortage will reduce global automotive industry revenue by $60.6 billion this year.
CNBC report screenshot
The best way to alleviate the dilemma of chip shortage is to quickly expand production capacity. In this regard, SMIC has taken action.
htmlOn March 17, SMIC announcement disclosed that the company and the Shenzhen government (through Shenzhen Re-investment Group) (including) intend to carry out project development and operation through SMIC Shenzhen through proposed capital contribution. According to the plan, SMIC Shenzhen will focus on producing integrated circuits with 28nm and above and provide technical services, aiming to achieve the final production capacity of about 40,000 12-inch wafers per month. It is expected that will start production in 2022.In November last year, the International Semiconductor Industry Association (SEMI) released a report that China will rapidly increase its global share of 12-inch wafer production capacity, from 8% in 2015 to 20% in 2024. Although non-Chinese-funded enterprises will account for a large proportion of them, Chinese-funded enterprises are accelerating capacity investment. By 2020, these companies will account for about 43% of China's production capacity, and are expected to reach 50% by 2022 and 60% by 2024.
SEMI said that from 2020 to 2024, the chip industry will add at least 38 new 12-inch wafer fabs, which is a conservative forecast and does not include low-possibility or rumored projects. At the same time, the monthly wafer production capacity will increase by about 1.8 million pieces, reaching more than 7 million pieces. According to forecasts, Taiwan will add 11 new wafer fabs, and mainland China will add 8 new ones, accounting for half of the total. By 2024, the chip industry will have 161 12-inch wafer fabs.
Screensing official website of China Semiconductor Industry Association
The government continues to provide policy support for the development of the domestic integrated circuit industry.
Today (March 29), The Ministry of Finance of China , the General Administration of Customs, the State Administration of Taxation and other three departments jointly issued the "Notice on Supporting the Development of Import Tax Policy for the Integrated Circuit Industry and Software Industry". It is mentioned that import tariffs will be exempted for the following situations: logic circuit and memory manufacturers with line widths of less than 65 nanometers (including, the same below), and integrated circuit manufacturers with line widths of less than 0.25 microns (i.e., analog, digital-to-analog hybrid, high voltage, radio frequency, power, photoelectric integration, image sensing, micro-electromechanical systems, silicon on insulator processes) integrated circuit manufacturers, import domestically produced raw materials and consumables (including R&D, the same below) that cannot be produced or cannot meet the needs of the needs, as well as spare parts for purification rooms, supporting systems and integrated circuit production equipment (including imported equipment and domestic equipment).
, and in the latest financial report of SMIC , the proportion of processes below 65nm is close to 54%.
SMIC 2020 fourth quarter financial report screenshot
In December last year, the Ministry of Finance, the State Administration of Taxation, the National Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the "Notice of the State Council on Issuing Several Policies to Promote the High-Quality Development of the Integrated Circuit Industry and Software Industry in the New Era". It is mentioned:
Integrated circuit production enterprises or projects encouraged by the state to have an integrated circuit line width of less than 28 nanometers (inclusive) and a business period of more than 15 years will be exempted from corporate income tax from the first to tenth years; integrated circuit production enterprises or projects encouraged by the state to have an integrated circuit line width of less than 65 nanometers (inclusive) and a business period of more than 15 years will be exempted from corporate income tax from the first to fifth years, and corporate income tax will be levied at half of the statutory tax rate from the sixth to tenth years; integrated circuit production enterprises or projects encouraged by the state to have an integrated circuit line width of less than 130 nanometers (inclusive) and a business period of more than 10 years will be exempt from corporate income tax from the first to the second years, and corporate income tax will be levied at half of the statutory tax rate from the third to fifth years.
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