From the design company has disclosed in the Q2 earnings, downstream smartphone demand than expected before, continue to watch the car electronics, server/cloud demand for corresponding chip. Analog chips overall growth rate higher than the industry average, focusing the downstream market: automotive, industrial, Internet of things. For overseas design company Q3 earnings outlook, optimism. Mapping of domestic mark: chi technology - all with SoC + communication chip layout, qualcomm analogy; SoC is a blend of CPU + GPU scheme, used in automotive electronics, analogy NVIDIA.

IDM overall performance is lower than market expectations

IDM mainly focused on the CPU and memory chips. The output value accounted for 50% of the whole chip market. From the disclosure of quarterly, IDM overall performance is lower than market expectations. The reason: CPU market saturation, lack of new incremental pull; Storage caliber litre price falls, overall revenue decline.

Foundry orders full situation is expected to continue

Foundry3 quarterly seasonally strong, with consumer electronics season, full capacity strong order situation is expected to continue into the fourth quarter. From the real world to participate in the global semiconductor industry division of labor, enjoy to companies in China, is the smic, long telegram technology.

Domestic production line expansion, 8 inch equipment in short supply

The logic of domestic production line expansion continue to exist, demand for upstream equipment and material is the next 3 years equipment materials manufacturers main driver of growth. MorethanMoore route of development, to phase out the new requirements of 8 inches equipment, 8 inch devices currently in short supply.