In apple processor, fingerprint identification, automotive semiconductor and multiple positive image sensor, and other orders, leading wafer foundry TSMC 8 "factory and 12-inch wafer production line is apparent in the third quarter of this year will be full. According to Taiwan media reports, the recent has forced the customer urgent to smic IC design, umc foundries allocate capacity, in response to the second half of 2016 delivery requirements. According to industry analysis, in the second half of the chip will plunder wafer foundry capacity war intensified.
In the first half of 2016, semiconductor companies have encountered in southern Taiwan kyushu earthquake and Japan earthquake, more than expected impact on shipments of foundries. Suffered another NAND Flash, DRAM and TFT LCD panel manufacturers price is rising, many new products come out in the second half of the factors that influence, inspire a certain single effect, the downstream customer frequently to prepare ahead of inventory.
Previously set micro network reported that the current 12 inches fabs delivery schedule has been stretched to more than 10 weeks, forcing mediatek to TSMC factory again come on to the cargo support, TSMC is positive response mediatek cargo demand, but still have to wait until early in the third quarter to have the opportunity to get enough capacity, comprehensive digestive cell phone brand customer order requirements.
Currently, TSMC continues to occur in the third quarter of 28/40 nm process capacity shortage phenomenon, IC design customer emergency to smic, umc appropriately allocate wafer generation manufacturers such as capacity, spread risk, which is expected to add hold smic capacity utilization in the third quarter of growth. According to past experience, the industry boom and the market demand better, second line of the foundries capacity utilization will follow in the footsteps of TSMC continued, smic will appear the phenomenon of the booming of single, make industry of 2016 in the second half of the overall supply chain delivery outlook to optimistic.
According to set piconets, smic 12 inch factory to produce for 62500, 8 inch factory to produce for 162000, (8 inch wafer capacity has a total of 302600 pieces per month. Combined with the latest acquisition of Italian foundries LFoundry 8 "factory monthly production capacity of about 40000, smic currently overall production capacity of 342600 pieces per month. Bocom international said it will maintain the smic buy rating, smic's 2017 earnings per share is expected to increase by about 5% (based on the utilization rate of 80% 13% of capacity expansion and under the condition of 25% of the gross profit margin).
Previously, smic's plan will continue to expand capacity by 20% in 2016, and 2016 capital expenditures budget rise from $2.1 billion to $2.5 billion, $2.2 billion more than umc, the size of the depreciation budget also raised to $800 million, while the short-term will result in capital expenditure and the depreciation than expected, but it will lay a foundation for future business development.
On the advanced technology, following qualcomm Xiao dragon 410 processor in Shanghai factory successfully mass production in the core, in June, qualcomm Xiao dragon 425 and MDM9x07 two new products and implementation in smic Beijing factory production. Factory from Shanghai to Beijing factory, smic implements 28 nm node technology transfer, not only more effective expanding smic in the production of advanced technology nodes.
In addition to advanced technology, smic on characteristics in the field of Internet of things technology at the same time made more efforts, such as embedded memory technology platform, CIS technology platform, development of technique of low power consumption, low leakage, these results have begun to for the domestic and international customer service.
Smic, according to the announcement is expected the second quarter of its revenue increase by 3-7% month-on-month and wool yield will be between 25% to 27%. Is expected in 2016 at the same time, the management company income rose by more than 20%, higher than the industry growth, 20% ~ 25% of the gross margin in 2016 issued by the previous guidelines also exist.
