Source: Zhitong Finance
National Integrated Circuit Industry Investment Fund Phase III Co., Ltd. was established. The legal representative is Zhang Xin, with a registered capital of RMB 344 billion
According to the Tianyancha App, recently, the National Integrated Circuit Industry Investment Fund Phase III Co., Ltd. was established. The legal representative is Zhang Xin, with a registered capital of 344 billion yuan. The scope of business is private equity investment fund management and venture capital fund management services. Private equity funds are used to engage in equity investment, investment management, asset management and other activities, and enterprise management consulting. According to shareholder information, the company is jointly owned by 19 shareholders, including the Ministry of Finance, Guokai Finance Co., Ltd., Shanghai Guosheng Co., Ltd., Industrial and Commercial Bank of China Co., Ltd., China Construction Bank Co., Ltd., Agricultural Bank of China Co., Ltd., and Bank of China Co., Ltd.
Since this year, the price of memory chips has increased by about 50% compared to the same period last year. The head of a storage company said that starting at the end of 2023, the semiconductor storage industry has gradually entered an upward cycle, and it has received several notifications from upstream memory chip manufacturers to raise contract prices this year.
According to some reports, the price of memory chips may continue to rise. The contract price for new DRAM memory products is expected to rise 13% to 18% in the second quarter of this year.
According to Shanxi Securities, the upward trend in prices is clear, and storage has entered a new upward cycle. In the future, as operating margins improve due to continued price increases in storage prices, storage vendors are expected to face a double blow from Davis in performance and valuation, and there is plenty of room for a rebound in the industry.
TechInsights predicts that by 2029, China's semiconductor production capacity will increase by 40% to 875 msi (million square inches).
China's wafer manufacturing equipment spending increased from $11 billion in 2018 to nearly $30 billion in 2023. The explosive growth in equipment procurement over the past three years is being translated into a rapid increase in production capacity.
According to a research report released by Northeast Securities, the boom in the memory chip industry has entered an upward channel, and domestic manufacturers can look forward to the future. On the demand side, the Chinese memory chip market is in sync with the global market cycle, and the growth rate is higher than that of the global market. On the supply side, overseas manufacturers have long had an oligopoly, and domestic manufacturers have gradually broken through. Leading companies in the fields of storage modules, niche storage, and memory interface chips have broad room for growth.
Companies related to the chip industry chain include:$HUA HONG SEMI (01347.HK)$,$SMIC (00981.HK)$,$SOLOMON SYSTECH (02878.HK)$,$SHANGHAI FUDAN (01385.HK)$,$TIMES ELECTRIC (03898.HK)$etc.
The semiconductor sector of Hong Kong stocks rose in the afternoon. Up to now, Huahong Semiconductor has risen more than 9%, SMIC has risen nearly 8%, and Jingmen Semiconductor has risen more than 5%.
Edit/Jayden