Short-term Market Fluctuation does not Change Chip Investment Confidence
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Update time : 2022-06-08 12:34:39
2021 is a very beautiful year for the global foundry manufacturers. According to IC Insights, the growth rate of industry revenue this year reached 26%, the highest since 2010. However, in 2022, especially since the second quarter, the market data is not reassuring. Cold consumer electronics markets such as smart phones are being transferred to the upstream of the industrial chain, leading to fluctuations in the chip market. It is reported that Qualcomm has reduced its supplier's Xiaolong 8 chip orders by 10% ~ 15%, and MediaTek has reduced its entry-level and mid-range 5G chip orders signed with suppliers in the fourth quarter of 2022 by 30% ~ 35%. This has shaken some people's determination to invest in the field of chip manufacturing.
It can not be ignored that the decline in terminal demand will indeed have an impact on chip supply and demand in the future. Although there are still a lot of orders accumulated in the early stage in the hands of wafer foundry manufacturers, with the reduction of demand and the release of some early-stage expanded production capacity, the chip manufacturing industry should not compete for production capacity for a period of time in the future. However, this does not mean that we need to make a substantial adjustment to the previously formulated chip manufacturing investment strategy.
In fact, the current global investment in chip manufacturing continues to heat up. In the next few years, international leading enterprises will not be soft on investment in the field of chip manufacturing. Recently, Lee Jae-yong, vice president of Samsung Electronics, announced the group's largest five-year investment plan of 450 trillion won in history, which will focus on consolidating its leadership in the field of memory chips and strengthening its competitiveness in biotechnology, artificial intelligence, 6G communication and other growth fields. SK Group also announced that it would invest 247 trillion won to develop semiconductor, battery and bio-pharmaceutical businesses by 2026. NXP will invest US $2.6 billion to expand production in Austin, the United States, starting construction as soon as 2024 and mass production in 2026. DNeX, a Malaysian company, signed a memorandum of understanding with Hon Hai's wholly-owned subsidiary. The two sides will establish a joint venture to build a 12 inch wafer foundry in Malaysia with a planned monthly capacity of 40,000 chips.
