Currently, there are signs of improvement in semiconductor manufacturing, with domestic replacements flourishing, ample orders for semiconductor equipment enterprises, and the industry's upward trend in prosperity being sustained.
Wisdom Finance and Economics APP learned that Ping An Securities released a research report stating that currently, there are signs of improvement in semiconductor manufacturing, with domestic replacements flourishing, ample orders for semiconductor equipment enterprises, and the industry's upward trend in prosperity being sustained; in addition, major factories continue to invest in AI terminals, constantly introducing chips with AI capabilities, which are expected to drive a new round of replacement demand, recommended for attention. Recommend Naura Technology Group (002371.SZ), advanced micro-fabrication equipment inc. china (688012.SH), etc.
The main points of Ping An Securities are as follows:
1) In late August 2024, the overall prices of television panels continued to decline, with Sharp's 10th generation SDP factory in Japan officially ceasing production.
According to TrendForce data, in late August 2024, the average price of a 65-inch television panel was 173 US dollars, down 2 US dollars from the previous period, down 3 US dollars from the previous month, a decrease of 1.7%; the average price of a 55-inch television panel in this period was 127 US dollars, down 2 US dollars from the previous period, down 2 US dollars from the previous month, a decrease of 1.6%; the average price of a 43-inch television panel was 64 US dollars, the same as the previous period and the previous month; the average price of a 32-inch television panel was 35 US dollars, down 1 US dollar from the previous period, down 1 US dollar from the previous month, a decrease of 2.8%. In addition, Sharp announced that its subsidiary, "Sakai Display Products Corporation (SDP, Sakai City)," has completely ceased production.
2) TrendForce: Global notebook computer shipments in 2024 are estimated to increase by 3.7%, with the supply chain transfer ratio rising to 12.4%.
According to TrendForce research, due to geopolitical issues and economic impacts, consumers tend to be conservative in budget allocation, with an estimated 2024 global notebook computer shipments reaching 1073.65 million units, a 3.7% year-on-year increase. In addition, TrendForce estimates that the global notebook supply chain transfer ratio will rise to 12.4% in 2024.
CINNO: The domestic consumer-grade XR market in Q2 2024 saw a small month-on-month growth of 1.5%.
According to CINNO Research data, the total sales volume of the domestic XR market in Q2 2024 reached 0.166 million units, with a month-on-month growth of 1.5%, due to price promotions on the 618 e-commerce platform. The biggest highlight of this quarter was the official sale of the domestic version of Apple's Vision Pro, which, although did not boost the overall market sales, brought new growth opportunities to the XR market with its innovative technology and superior user experience.
Risk warning:
1) The rise of supply chain risks. 2) Insufficient policy support. 3) Market demand may be lower than expected. 4) Domestic substitution may be lower than expected.