The United States has passed the chip bill, will be formally signed next Tuesday, "Chip and Science Act", will provide about $ 52.7 billion to subsidize the U.S. semiconductor industry; in addition, will provide 25% tax credits to the U.S. investment in semiconductor factories. As word spreads, the market for the semiconductor industry is quickly becoming hot. It is likely to repeat the doubling of the market in 2020.
So which stocks are worth investing in?
Zhao Yi Innovation
Total market capitalization of 86.8 billion yuan, price-earnings ratio of 32.
In recent years, the net profit continued to grow steadily and rapidly.
A quarterly profit rose 127.65% year-on-year.
It is a global chip design company headquartered in China. The company is dedicated to the design and development of various types of memories, controllers and peripheral products. It has offices in Taiwan Province of China and provides services through product distributors in Korea, the United States and Japan. Our products are widely used in handheld mobile terminals, consumer electronics, IoT terminals, personal computers and peripherals, as well as communication equipment, medical equipment, office equipment, automotive electronics and industrial control equipment.
Weil Corporation
Total market capitalization is $138.3 billion, with a price-to-earnings ratio of 32 times.
The company's main business includes research and development of semiconductor discrete devices and ICs and distribution of semiconductor products. The downstream covers mobile communications, automotive electronics, security, network communications, home appliances and other areas of use.
CITIC International
The company has a total market capitalization of $350.3 billion and a price-to-earnings ratio of 27 times.
It is one of the world's leading IC foundries and the largest and most advanced IC foundry in mainland China.
SMIC's principal activities are computer-aided design, fabrication, packaging, testing and trading of integrated circuits and other semiconductor services, as well as fabrication and design of semiconductor masks.SMIC provides 0.35 micron to 45/40 nanometer wafer foundry and technology services to customers worldwide. In addition to high-end wafer fabrication capabilities, the company provides customers with a full range of foundry solutions from mask manufacturing, IP development, manufacturing to sales. d and back-end assisted design services outsourcing services.
ZiGuang Guowei
Total market capitalization of 133.6 billion yuan, price-earnings ratio of 62 times.
ZiGuang Guowei is the first crystal component industry listed company in China in due course, and a listed company in the semiconductor industry under the umbrella of ZiGuang Group Co, Ltd, specializing in the design and development of integrated circuit chips. Is a leading integrated circuit chip products and solutions provider, products and use has been all over the world. In the intelligent security chips, highly stable storage chips, security independent FPGA, power semiconductor devices, ultra-stable crystal frequency devices and other core business areas to form a leading competitive situation and market position.
North Huachuang
Total market capitalization of 167.4 billion yuan, the price-earnings ratio of 138 times.
Fang Microelectronics specializes in high-end semiconductor manufacturing equipment, mainly including plasma etching equipment (dry etching), physical vapor deposition equipment (), chemical vapor deposition equipment (CVD) and other areas. The company is currently the largest domestic semiconductor high-end equipment company, the most abundant products, involving the widest range of fields. After reorganization, the company has semiconductor equipment, vacuum equipment, new energy lithium battery equipment precision electronic components four business groups, is the leading domestic high-end semiconductor equipment. The company has become the largest domestic manufacturer of high-end semiconductor equipment, the widest range of fields, the richest product system.
Shengbang shares
Market capitalization of 64.9 billion, P/E ratio of 73 times.
Shengbang Microelectronics (Beijing) Co., Ltd. is a semiconductor company focusing on the development and sales of analog integrated circuits. The general-purpose analog IC products are used in smart phones, pads, digital TVs, DVDs, digital cameras, notebook computers, wearable devices, various consumer electronics, automotive electronics, industrial controls, medical equipment, test instruments and many other fields.
Shiwei
Total market capitalization is $66.4 billion, with a P/E ratio of 41 times.
The company is a high-tech enterprise specializing in the design, production and sales of integrated circuits and semiconductor microelectronics-related products. The company's main products are integrated circuits and related use of products
A high-end semiconductor micro-processing equipment company based in China, facing the world, deep plowing into the field of chip manufacturing and etching, research and development of the first domestic dielectric etching machine. It is a leading company in China's IC equipment industry.
The company specializes in key manufacturing equipment for IC and led. Its core products include: plasma etching equipment (CCP, ICP) and deep silicon etching equipment (TSV) for IC integrated circuits; MOCVD equipment for LED chip field.
Josunway
Total market capitalization of $57.1 billion, P/E ratio of 27 times.
Headquartered in Wuxi, Jiangsu, the land of lakes, it has set up branches in Shanghai, Shenzhen and Chengdu. The company focuses on research and development; RF field of integrated circuits d and sales, and with excellent scientific research technology, high-quality products and efficient and perfect service, and gradually developed into RF devices and wireless connectivity professional direction of the top technical strength, market competitiveness of the chip design company, set up a strong brand influence in the industry. At present, the company has become the leading brand of RF switch and RF low-noise amplifier for domestic smartphones, and its RF front-end chips are used in the products of Samsung, Xiaomi, Huawei, Lenovo, Meizu, TCL and other terminal manufacturers.
Changdian Technology
Total market capitalization of 50.8 billion, P/E ratio of 14.8 times.
It is the first listed company in the semiconductor packaging and testing industry in MAINLAND CHINA. 2015, Changdian Technology successfully acquired the same industry Singapore Xingke Jinpeng Company. After the merger and acquisition, Changdian Technology jumped to the first tier of the international semiconductor packaging and testing industry in terms of business scale. It has eight production bases in China, Singapore and South Korea, its R&D and production bases. The production and sales network covers the world's major semiconductor markets.
The company's main business is packaging and testing of integrated circuits and discrete devices, chip design and manufacturing of discrete devices.
The company currently has three business segments,
the former Changdian Technology, Xingke Jinpeng, and JSCK, each of which has its own division of labor and is complementary to the other. Among them, JSCK is a wholly-owned subsidiary of the company set up in South Korea on November 17, 2015 through Changdian International, investing in packaging and testing projects for high-level SiP products.
Related Q&A: semiconductor plate stocks which 1, Geer software: the company has now become the three major domestic semiconductor sealing and testing vendors analog test field of the main platform supplier. 2, Orient China Science: the leading domestic electronic measurement instrumentation integrated service provider, Huawei Hesse Semiconductor as the company's top five customers. 3, Zilight SMi: Zilight State Microelectronics Company Limited (abbreviated as "UVG SMi", SZ002049) is a listed company in the semiconductor industry under the umbrella of the UV Group Limited, focusing on integrated circuit chip design and development business, is a leading integrated circuit chip products and solutions provider, products and use throughout the country and abroad, in the intelligent security chips, high stability memory chips, security Independent FPGA, power semiconductor devices, ultra-stable crystal frequency devices and other core business areas have formed a leading competitive situation and market position. 4, Hongda Electronics: to ensure product quality, maintain the advanced level of technology and promote product upgrading, the company will focus on the development of high-end semiconductor power devices and modules, new high-reliability electronic components, to provide protection for key projects and weaponry, and the organic Polymer chip tantalum capacitor production line, organic polymer chip aluminum electrolytic capacitor production line, aerospace-grade non-solid electrolyte tantalum capacitor production line, film capacitor production line and multilayer ceramic dielectric capacitor production line and other production lines to build or renovate, to improve the reliability of the product, expand production capacity, to meet market demand. 5, BYD: After more than a decade of R & D accumulation and in the field of new energy vehicles in the use of scale, BYD Semiconductor has become the domestic independent renewable energy vehicles. BYD Semiconductor has become a leading manufacturer of automotive-grade IGBTs that are independently controlled in China.6. Western Materials: On June 11, 2019, the interactive platform said that the company's production of electronic-grade polycrystalline silicon production equipment with silver/steel composite plates, ion implantation equipment with tungsten and molybdenum deep-processing devices and other products, as well as the development of semiconductor memories with high-purity tungsten sputtering targets, etc., are used indirectly in the semiconductor chip (including 5G), chip and other fields. Chips) and other fields. I. Scope of Sample Selection and Number of Sample Stocks ● The Semiconductor 50 tracks the stock price performance of companies listed in the semiconductor industry in China's A-share market, and requires that the relevant companies' business scope cover semiconductor materials, equipment, design, manufacturing, packaging and testing. The number of constituent stocks is 50. ● Semiconductors selects stocks in the semiconductor products and equipment industry from the CSI All Share Index sample, and the number of constituent stocks is 32. ● Semiconductor chips select the A-share market, chip materials, equipment, design, manufacturing, packaging and testing related stocks, the number of constituent stocks is 25. ● It can be seen that the selection of these three indices covers the whole industry chain of semiconductors, but the number of constituent stocks is different. Semiconductor Chip has the lowest number of constituent stocks, only 25, and Semiconductor 50 has the highest number of constituent stocks, reaching 50. II. Board Distribution From the board distribution, all three indices have a larger proportion of distribution on the GEM, reaching about 45% or so. On the SMB, the proportion of Semiconductor 50 is slightly larger at 26%, the other two are about 20%, and the proportion of the three indices distributed on the main board is about 30%. III. Market Capitalization Distribution ● From the results of the selected samples, in terms of market capitalization distribution, semiconductor chips have a larger market capitalization, while semiconductor 50 and semiconductors are on the small side. As of February 18, the average market capitalization of the Semiconductor 50 was $26.5 billion, the average market capitalization of semiconductors was $28.2 billion, and the average market capitalization of semiconductor chips was $48.7 billion. ● In terms of specific distribution, among the constituents of semiconductor chips, stocks with market capitalization of more than $100 billion accounted for 20% of the market capitalization and stocks with market capitalization of less than $10 billion accounted for 8%, while among the Semiconductor 50 and the Semiconductor Index, stocks with market capitalization of less than $10 billion accounted for 32% and 28%, respectively. IV. Long position stocks from the long position stocks, the three index of the top ten long position stocks have 6 just the same, the degree of overlap is very high, the top two long position stocks are storage chip leader "zhao yi innovation" and fingerprint identification chip leader "top technology". And from two to two comparison, semiconductor 50 and semiconductor, semiconductor 50 and semiconductor chip of the top 10 positions have 8 just overlap. From the former top ten stocks accounted for, semiconductor chips accounted for a higher percentage, reaching 73.48%, indicating a higher concentration of positions. The semiconductor 50 of the top ten positions accounted for only 54.97%.