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Against the downward cycle, this local car core semiconductor manufacturer has outstanding performance

1. Wingtech Technology’s performance in the first half of the year increased, and Nexperia Semiconductor’s performance was outstanding

On August 26, Wingtech Technology announced its semi-annual financial report for 2023. The operating income was 29.206 billion yuan, a year-on-year increase of 2.49%, and the net profit attributable to the parent was 1.258 billion yuan, a year-on-year increase of 6.45%. Wingtech Technology’s semiconductor business (Anshi Semiconductor) still performed brilliantly in the overall downturn of the industry, achieving revenue of 7.639 billion yuan, net profit of 1.388 billion yuan, business gross profit margin of 41.3%, and R&D investment of 809 million yuan.

In the revenue structure of Nexperia in the first half of the year, automobiles accounted for 61.05%, and industrial and electric power accounted for 24.6%. In the first half of the year, Nexperia launched new products such as 600V single-tube IGBT series products and enhancement mode GaN FETs for low/high voltage applications. The two self-owned fabs located in Hamburg, Germany and Manchester, UK are continuing to expand production.

2. Product prices are under pressure, GigaDevice’s revenue decreased by nearly 38% year-on-year

On August 25, GigaDevice announced its semi-annual financial report for 2023, achieving revenue of 2.966 billion yuan, a year-on-year decrease of 37.97%; net profit attributable to shareholders of listed companies was 336 million yuan, a year-on-year decrease of 78.00%. The net cash flow from operating activities was 645 million yuan, compared with 106 million yuan in the same period last year.

GigaDevice said that the company’s revenue decreased by about 1.815 billion yuan, due to the impact of the global economic environment and industry cycles, the overall performance of the consumer electronics market was sluggish, the demand in the industrial market was lower than expected, the overall market demand declined significantly, and product sales prices were under pressure. The net cash flow increased by about 538 million yuan, mainly because there was no large advance payment in 2023, while a large advance payment was paid in the same period last year.

3. Facing the opportunity of AI, UMC and ASE rushed into the CoWoS supply chain

According to China Taiwan Business Times, Nvidia is actively building a non-TSMC supply chain in order to relieve the pressure on CoWoS packaging production capacity. Among them, UMC and ASE play an important role. The two major semiconductor factories have joined hands to grab the production capacity of CoWoS, and the market is optimistic about the rapid growth of business opportunities in the future.

Nvidia’s financial report performance exceeded external expectations, and it predicted that the current AI chip inventory is only 3.2 months. In addition to showing that the downstream demand is indeed quite strong and the inventory level is low, it also shows that the current CoWoS capacity supply shortage has affected AI-related chips. Production capacity cannot be effectively and substantially increased.

4. TSMC 3nm is expected to usher in a big order for Intel processors

According to the Taiwan Electronics Times quoted by the Science and Technology Board Daily, it is currently reported that the Intel Arrow Lake processor, which will be available in the second half of 2024, is undergoing blueprint revisions, and it is tentatively scheduled to have dual versions in parallel.

In addition to CPUs such as the U series, which will skip the Intel 20A process and change to Intel 3, the top H/HX series CPUs will use TSMC’s N3 process for foundry, superimposing graphics chips, system chips, and I/O chips that were originally delivered to TSMC. The entire processor is produced at TSMC.

5. It is rumored that the iPhone 15 Pro Max will not be delayed and will be shipped in large quantities this week

According to TechWeb citing foreign media reports, analysts reported in a report last week that Apple’s iPhone 15 Pro Max may not be able to launch on September 22 with the other three models due to Sony’s inability to supply image sensors in time, and will be delayed by 3 months. -4 weeks. Judging from the latest reports, Ming-Chi Kuo, a well-known Apple industry chain analyst, does not agree with the postponement of the listing.

After investigating supply chain companies, Ming-Chi Kuo said that the fact is that this model in the iPhone 15 series will begin mass shipments this week, and Apple will also increase shipments of older models.

6. Jiangsu Times Chip Store went bankrupt and liquidated, and the company’s lithography machines will also be auctioned

According to the fast technology news, due to the failure to raise a new round of funds, Jiangsu Times Chip Cun Semiconductor Co., Ltd. was in trouble and finally decided to go bankrupt and liquidate. Founded in 2016, the company is committed to the development and production of storage products equipped with the latest PCM phase-change storage technology, and later announced that it will invest 13 billion in the research and development of PCM chips, which is a unified technical route with Intel’s Optane.

Along with the bankruptcy of Times Chip Cun, the company’s assets were also liquidated, and semiconductor equipment was also auctioned. The People’s Court of Huaiyin District, Huai’an City, Jiangsu officially accepted the bankruptcy liquidation case of Jiangsu Times Chip Cun Semiconductor Co., Ltd. in July this year, and A public auction of an ASML lithography machine of the company was held.