After our close, the Hang Seng Index of Hong Kong soared, and then came the Shenzhen SASAC issued the "Shenzhen City to cultivate and develop semiconductor and integrated circuit industrial cluster Action plan". Since May, first, the new energy sector has been positive, and then came the United States to cancel the tariff on photovoltaic solar energy, after the close of the semiconductor has been positive, the track stocks do not want to rebound.
1. Main contents of Shenzhen's Blockbuster Plan
The plan points out that by 2025, the industry revenue will exceed 250 billion yuan, which is undoubtedly a big benefit for domestic substitution in the semiconductor industry. It is mentioned that the 5G communication industry will be driven by a comprehensive breakthrough in RF front-end chips, baseband chips, optoelectronic chips and other core chips. These three chips are the core chips of mobile phones and other Internet devices. This time, the direction is to focus on the domestic replacement of 5G.
Next, I will analyze in these three aspects what domestic substitution opportunities exist in listed companies in their respective fields. See if you can strike gold. Of course, if you haven't clicked yet, you can do so now, and share potential hot spots daily based on real-time information.
2, RF front-end chip domestic replacement
All devices connected to the mobile Internet need RF front-end chips. Currently, the global RF front-end market scale is about 15 billion US dollars, and the market is expected to reach 25.8 billion US dollars by 2025.
There are three main parts. Filters accounted for the largest proportion at 54%, followed by power amplifiers, RF switches and antenna tuners at 34%, 7% and 5%, respectively.
The domestic leader in filters, which retain signals at specific frequencies, is the unlisted China Electronics 26 Institute, part of China Electronics Technology Group.
Among the listed companies, Metrotech is the company that develops filters in cooperation with Mediatek and Spreadtrum technology platforms. Sai Microelectronics, the Swedish subsidiary has the mobile phone 5G filter manufacturing capacity. Dongfang Silverstar, Wuhan Minsheng and Agarminsi are subsidiaries of the company, cooperating with Sai Microelectronics in the field of BAW filters.
In terms of power amplifiers, the two leading companies in China are Unigroup Zhangrui and Veco Innovation Core. Unigroup Zhangrui was originally going to be listed on the Science and Technology Innovation Board in 2019, but it was delayed due to the debt problem of Unigroup Group. If we want to be affiliated with Unigroup Guowei, we can have something to do with it.
Radio frequency switch, as long as it involves channel switching, will be used. The leader is the familiar Zhuosheng Micro. The downstream customers cover Samsung, Xiaomi, Huawei, etc. Vitech Innovation Core and Weil Share are also involved, but the market share is far less than Zhuosheng Micro.