The following is the China’s semiconductor industry accelerates growth in the first quarter of 2021 From Credit Suisse recommended by recordtrend.com. And this article belongs to the classification: Hardware equipment industry.
In the first quarter of 2021, the revenue growth of China’s semiconductor industry was higher than the seasonal level, and the inventory turnover days was lower than the seasonal level
Credit Suisse updated the revenue and inventory turnover days of 49 listed Chinese semiconductor companies to the first quarter of 2021. In the first quarter, the revenue growth of fabless, IDM / OEM and OSAT were higher than the seasonal level, and the inventory turnover days were lower than the seasonal level. In particular, the inventory turnover days of China’s fabless semiconductor companies have been lower than the seasonal level for three consecutive quarters (from the third quarter of 2020 to the first quarter of 2021), and the inventory turnover days in the first quarter of 2021 are 34 days less than the seasonal level of three years. For foundry and OSAT, this is a positive signal. Credit Suisse’s research on the supply chain shows that from the first quarter to the second quarter, the factories in the supply chain are almost running at full capacity, and most of them are expected to maintain high capacity utilization by the end of 2021.
The growth rate of China’s semiconductor industry was relatively high, accelerating in the first quarter
In addition to revenue growth higher than the industry’s seasonal level, Credit Suisse’s analysis shows that the growth of China’s IC design sector (fabless semiconductor companies and IDM) and pure OSAT sector continues to be higher than the global level. Compared with the global revenue growth of chips (except storage), the revenue growth of China’s IC design sector in 2020 and the first quarter of 2021 were 21% and 57% higher respectively. The revenue growth of China’s major OSAT manufacturers in the whole year of 2020 and the first quarter of 2021 is also 12% and 23% higher than the average level of the global pure OSAT sector, respectively. In 2021, the revenue growth of China’s OSAT sector is expected to be 24 percentage points higher than that of overseas comparable companies. It is worth noting that in order to achieve stronger growth, China’s OSAT capital expenditure is expected to grow by 33% in 2021, higher than 6% of global comparable companies.
Read more: Credit Suisse: China surpasses Japan to become the second richest country in the world in 2015 Gartner: estimated global semiconductor capital equipment expenditure of $38.5 billion in 2014 Gartner: Top 10 semiconductor suppliers and top 10 customers in 2018 Morgan Stanley: in depth report of Asia Pacific semiconductor industry (with download) Accenture: Technology vision report of semiconductor industry in 2019 SIA: November 2017 Global semiconductor sales: US $37.7 billion PwC: Global Semiconductor Market Research Report in 2019 (download attached) IHS Markit: sales revenue of Q4 Intel semiconductor exceeds Samsung in 2018 Sales of conductor equipment reach 38 billion US dollars, up 19.3% trendforce: development trend of semiconductor market in the second half of 2014 Gartner: global semiconductor sales are expected to hit 336 billion US dollars in 2014 Gartner: global semiconductor sales are expected to reach 348 billion US dollars in 2015
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