On June 7th, SMIC, a A-share science and technology innovation board company, held an "Investor Day" at its headquarters, highlighting the company's business situation and long-term prospects in new energy and vehicle-grade semiconductors to participating investors and media. According to the company, as the industrial terminals of new energy, automobile intelligence and Internet of Things continue to grow at a high speed, the core chips/modules needed to drive them will also continue to grow and embrace opportunity.
In addition, Liu Xuanjie, executive deputy general manager of SMIC, also revealed that as the largest MEMS wafer foundry in China and the world's leading technology, the company's capacity utilization rate in the first quarter of 2023 was higher than 90% under the background that the overall prosperity of the global semiconductor industry continued to bottom out this year.
It is understood that SMIC's current main business is to provide "chip-module" system OEM solutions in the fields of automobile and new energy industrial control. At present, the company's revenue in "vehicle regulations and new energy industrial control products" has reached 70%, and power semiconductors and other products are widely used in new energy vehicles, photovoltaic wind power, smart grid and other frequency conversion fields. Among them, the application of the company's vehicle-level products has covered 76% of the chip categories in automobiles, including electronic control main drive of new energy vehicles, OBC (on-board charger), BMS (battery management system), body entertainment system, EPS (electronic power steering system), etc., and a vehicle-level high-quality R&D and mass production platform with leading power device category integrity and technology in China has been built. In addition, the company's ultra-high voltage IGBT (Insulated Gate Bipolar Transistor) has fully benchmarked ABB products and entered the intelligent flexible transmission system of State Grid.
Figure 1: Business situation and long-term prospect of SMIC in new energy and vehicle-level semiconductors
At the same time, the company said that under the global shortage of IGBT chips, SMIC has built the largest vehicle-level IGBT manufacturing base in China, and the IGBT 8-inch wafer production capacity in December 2022 has exceeded 60,000 pieces/month. According to the plan, in 2023, SMIC will have the annual output capacity of 2.5 million 8-inch equivalent wafers and 6 million high-power modules. In the first quarter of this year, the company's capacity utilization rate was still higher than 90% under the background of the global semiconductor industry's continuous downturn.
In view of the fact that the power semiconductor market is mainly occupied by overseas manufacturers, Liu Xuanjie said that the localization of new energy vehicles and optical storage power devices in China has matured, but the self-sufficiency rate of high-end products is still low. Considering that the global shortage and price increase of power semiconductors have not improved, Chinese power semiconductor enterprises are expected to seize relevant important opportunities.
SMIC: The capacity utilization rate in the first quarter was higher than 90%, breaking through the downturn and welcoming the trillion track-China Haihai Semiconductor (exportsemi.com)
