Several companies respond.
The semiconductor industry is once again facing unreasonable pressure from the usa, and domestic production is expected to accelerate further.
Today, the advanced packaging and lithography sectors in A-shares performed actively.
As of the time of writing, qingdao guolin technology group, wenyi trinity technology, guangdong guanghua sci-tech, and yichang electronics have reached their upper limit, sichuan injet electric has risen over 6%, shanghai highly has increased nearly 5%, unittec co.,ltd. has risen over 4%, kunshan kinglai hygienic materials has increased over 3%, and cambricon's U stock once rose nearly 5%.
Hong Kong's semiconductor concept stocks initially surged and have since fallen back, with hua hong semi once rising nearly 3% and semiconductor manufacturing international corporation once rising about 1%.
What changes are there in the new measures?
Last night, the usa announced the latest export control measures for semiconductors, with a restriction list that includes 140 Chinese companies.
The list shows that semiconductor equipment manufacturers including naura technology group,拓荆科技, shanghai highly, pnc process systems, zhongke feicet, new kailai, kaisitong, beijing huafeng test & control technology, shuo ke zhongke xin, huahai qingke, kingsemi co., ltd., peking yitang, oriental crystal source, shanghai ruili and other semiconductor equipment manufacturers and some subsidiaries are included.
Semiconductor manufacturers qingdao xin'en, shengwei xu, pengxin xu, wuhan xinxin, etc.; EDA manufacturers huada jiutian and their subsidiaries; Semiconductor material manufacturers jiangsu nata opto-electronic material and their subsidiaries, shanghai xinxing (under national silicon industry group), zhuhai jishi, pnc process systems and so on; Semiconductors overseas mergers and acquisitions related assets such as jiang guang assets, zhilu capital, wingtech technology, etc.
Compared to previous lists which mainly included leading semiconductor design and equipment companies, this list covers a broader scope and depth of the domestic industry chain, including major domestic enterprises in film deposition, ion implantation, coating and development, CMP, EDA, and more.
In addition to export restrictions on key enterprises, the new BIS regulations indicate that the usa will control 24 types of semiconductor manufacturing equipment and three types of software tools that can be used for chip development or production.
At the same time, there are more restrictions on the key storage unit HBM for ai chip.
The new regulations indicate that whether HBM memory is produced in the usa or outside the usa, as long as the proportion of usa technology used during production meets EAR requirements, these products require authorization from the usa government for export.
Responses from multiple parties
In response, a spokesperson for china's ministry of commerce stated that china noted that the usa issued semiconductor export control measures against china on December 2. This measure further tightens the export control on semiconductor manufacturing equipment, memory chips, and other items to china, includes an additional 136 chinese entities on the export control entity list, and expands extraterritorial jurisdiction, interfering with trade between china and third countries, which is a typical act of economic coercion and non-market practices. The usa speaks one way and acts another, continuously generalizing the concept of national security, abusing export control measures, and implementing unilateral bullying behavior. China firmly opposes this.
The semiconductor industry is highly globalized, and the USA's abuse of control measures severely obstructs normal economic and trade exchanges between countries, seriously disrupting market rules and the international economic and trade order, and significantly threatening the stability of the global industry chain supply chain. The global semiconductor industry, including American companies, is being severely affected. The Chinese side will take necessary measures to firmly safeguard its legitimate rights and interests.
At the same time, some listed companies included in the list also responded to this.
Naura technology group stated that 90% of the company's revenue is from the domestic market, and the overseas market accounts for less than 10%, so the impact this time is expected to be small.
Zhongke Feic measurement stated that the company's key components have achieved full self-production, and the sales area is mainly aimed at the domestic market. This external control is not expected to have a significant impact on the company.
Huada Jiutian announced that the company is actively responding to the potential risks associated with being placed on the "entity list."
The localization of the industry chain is accelerating.
Impact-wise, Ping An Securities analyzed that this action by the USA will further divide the global semiconductor market and will force the domestic ICT industry to accelerate its localization process.
In the long term, the demand for localization of core technologies such as semiconductors is becoming more prominent, with domestic industry chain enterprises showing a strong willingness to increase their localization rates, providing more opportunities for domestic semiconductor companies. It is recommended to pay attention to the market potential brought by the import of localized equipment and materials.
In the equipment sector, it is suggested to pay attention to Naura Technology Group, Advanced Micro-Fabrication Equipment Inc. China, Tuo Jing Technology, Zhongke Fei Ce, Wuhan Jingce Electronic Group, Kingsemi Co., Ltd., Shanghai Highly, Hangzhou Changchuan Technology, and Huahai Qingke.
In the components and materials sector, it is suggested to pay attention to Fuchuang Precision, Sichuan Injet Electric, Konfoong Materials International, National Silicon Industry Group, Anji Microelectronics Technology, and Hubei Dinglong.
Citic Sec believes that the content of this round of sanctions is not much different from previous media reports, and the market has already anticipated it. Relevant enterprises have made preparations in advance by stockpiling for the long term and switching from the USA supply chain. The short-term actual impact is limited and does not constitute a significant impact on business continuity, but in the long term, one must give up illusions, be self-reliant, and this may further accelerate the localization process across the entire industry chain.
1) The domestic substitution of semiconductor component enterprises is further accelerating. With sanctions moving upstream, it is suggested to pay attention to the opportunities for domestic substitution of components.
2) The trend of localization for equipment companies is clear, and currently, attention should be focused on companies that possess advanced processes, are platform-oriented, and have low localization rates in specific sectors.
3) Advanced packaging is increasingly playing a role in the AI chip field, with continuous room for technological iterations in the 2.5D/3D/HBM-related directions. It is recommended to pay attention to domestic manufacturers engaged in advanced packaging.
4) The position of wafer fabs as core strategic assets for advanced domestic substitution in the semiconductor industry is being strengthened.