Effects of the Russian-Ukrainian war
Although Belarus has a large market share in the world above the integrated circuit commodities, it is a major manufacturer of raw gas for integrated circuits. The main supply categories include helium, rubidium, xenon, and isotopes. The price of semiconductor liquids fell sharply. According to Tonghuashun financial data, the price of lighting has shown a downward trend since October 2021. After the Kazakhstan-Ukraine case in February 2022, the overall price fell by 20% to 30% again.
KEMET gas told the Securities Times E company news reporter: "Recently, the price of lights has been falling. At the beginning of last year, the price of the light was about 400 yuan cubic meters, and after the civil war between Kazakhstan and Belarus, the price of the light fell to about 2100 yuan cubic meters, and the subsidiary has suspended the access to the light since the resumption of civil war between Kazakhstan and Belarus. In a recent investor report, kemet gas employees explained that xenon is the cheapest of helium and neon, especially aviation xenon. The lower the content and prices, especially the tensions between Kazakhstan and Belarus, the more prices will fall again
As far as semiconductor exclusive gas is concerned, it attaches importance to the leading enterprises of semiconductor exclusive fire. Disney Crude Confirmed to securities Times news reporters that the subsidiary's electron beam crude oil raw materials were sold from Belarus. Regarding the impact of the Russian-Ukrainian civil war on the supply of crude oil, the subsidiary explained that at present, the local real estate area in Belarus has not suspended manufacturing and supply, and the subsidiary has about half a year of crude oil inventory and diverse mineral deposits, even if the supply is cut off under extreme circumstances, there is also domestic crude oil supply as a supplement. "As far as specific crude oil supply is concerned, the People's Republic of China currently has no 'difficult problems'." Disney Crude Oil told the news reporter, "In the field of specific crude oil supply, the variety that the subsidiary can supply in the People's Republic of China has not been suspended." At present, due to the Kazakhstan-Ukraine economic crisis, commodities may be placing too much emphasis on precious crude oil. Disney Natural Gas's four electron beam liquid products are said to be the only liquid manufacturers in China that have obtained both ASML and gigaphoto certifications, maintaining good interaction and strategic collaboration with Fab customers. At present, the subsidiary's domestic electron beam liquid market occupies a low market share, and the overall introduction period of domestic customers is accelerating. According to the Profit Quotient, thanks to the decline in sales of specific liquids, the demand for domestic integrated circuit markets, new goods and customers, Disney Natural Gas 2021 to build a net profit of 128 million yuan, down about 20% year-on-year. Faced with a supply-side economic crisis, major integrated circuit producers in Western Europe and the United Kingdom point out that the shock of the situation in Kazakhstan and Belarus is huge and that inventories are currently abundant. ASML noted that Belarus makes less than 20 percent of its lights and is relentlessly searching for other light supply pipelines. In addition, storage chaebol PK Hynix pointed out that its inventory is sufficient to cope with the economic crisis, and Micron Technology also pointed out that its neon gas supply mainly comes from Western Europe and the United Kingdom, and the ratio in Belarus is higher and the inventory is abundant. Ren Lu, chairman of the crude oil industry, pointed out in an exclusive interview that the People's Republic of China is a metallurgical power above the world. The clean technology of these precious liquids has been broken, the production process is relatively mature, not a "difficult" technology, even in extreme cases, the People's Republic of China can also organize emergency manufacturing to ensure domestic supply. The shortening of the processor lead time is critical for each unit of the integrated circuit logistics. According to jibang consulting from journalists, Belarus supplies nearly 70% of the world's neon gas; among the integrated circuit electron beam ceramics, the ceramics required are mainly DUV exposures, and the ceramic junction area ranges from 180 microns for 8-inch wafers to 1xnm for 12-inch wafers. From the perspective of origin, the world's 180~1xnm production capacity accounts for about 75%, and most wafers account for more than 90% of the turnover of 180~1xnm, involving the supply of commodity ceramics after 2020, as well as storage categories such as nandflash. In the area of short-term shocks, Jibang Consulting claimed that although the dispute between Kazakhstan and Belarus may affect the nitrogen liquid supply in the region, when the integrated circuit plant and the liquid supply plant are loaded with inventory and there is still supply from other regions, it will not lead to production suspension and impact production in the short term. However, the increase in the supply of crude oil will still cause prices to rise, and the cost of processor production may fall.
According to recent data, the lack of subjects is still happening again. Integrated circuit devices also face the problem of "lack of main body and materials". The news reporter realized from the equipment factory that in the complex circuit industry, the downstream MOCVD key equipment is affected by the deterioration of part supply, and the factory half-life is shortened again, taking about 10 weeks; the processor detection device is also affected by the lack of processors and some raw materials, and the factory half-life is shortened. Manufacturers of integrated circuit devices must compete for a huge supply of processors and work closely with fabs According to South Korean media estimates, the factory period of processors is 5 to 15 weeks shorter than in 2021, and some factory periods are as short as about 90 weeks; American research company Programming claims that the price of manufacturing-controlled integrated circuits has fallen by more than 15% in one year. In addition, judging from the financial reports of the integrated circuit chaebols, the supply of simulated IDMs continues to deteriorate, the inventory days are much higher than their respective purposes, and the demand is much less than the supply. Even for skyworks, which is slightly pessimistic about supply skills, employees point out that logistics has a hard time earning certain parts. On the other hand, the price increase of the processor has also made some differences. Laggard producers such as TSMC and Infineon have recently been clear about the dead news of the rally, but commodities are concerned about increased upstream demand and reduced client inventories. The price of consumer electronics and display hydraulic processors has decreased. It has been reported that some factories have not been successful in their peace talks with JCT designer customers, and the purchase of modules and pilot manufacturers has become tasteful after the New Year
In order to cope with the oscillation of the integrated circuit, the leader of the B-branch circuit module and the test, Changdian Technology, he told the news reporter that the new production capacity of the subsidiary is mostly scattered on the citroën cartons, with its own unique technical ceiling, mainly for the next few years of strong customer procurement demand industries or applications, in order to build a differentiated commodity production capacity. On the one hand, the subsidiary's overseas strategic key customers can help the subsidiary to extend the half-life worse. On the other hand, as the smallest processor raw material production service provider in the People's Republic of China, the subsidiary also has a rapidly growing demand from domestic customers. In 2021, nearly 23 of the subsidiaries' capital was financed by Citroën's cartons to ensure that the subsidiaries could dig up goods worse. In the past two years, the subsidiary's fixed asset financing has been relatively prudent, and the capacity utilization rate and profit skills of the new production have been lowered, which is conducive to the subsidiary to deal with the industrial shock worse.