What is the essence of war?
Fight for resources!
First briefly understand several important resources of chips, then correspond to supplier countries, and finally analyze the industry impact and their own positions:
resource
1. Neon gas
This inert gas, which is crucial for semiconductor lithography, is one of the indispensable raw materials for most mainstream lithography machine "light sources".
Lithography machines have very high requirements for the wavelength of the light source. Using rare gases, not only can you obtain a laser with a shorter wavelength, but also a relatively more stable wavelength.
2. Palladium
In the semiconductor field, palladium can be used as a metallization process for scenarios such as high-temperature environments. It is mainly used in the packaging process and is used in the manufacture of sensors and memory.
Supplier country
1. 70% of neon gas comes from Ukraine
Not only neon, but also Krypton and Xenon exports from Ukraine account for 40% and 30% of the global supply share, respectively.
2. 40% of palladium comes from Russia
Historical verification
After the Crimean incident in 2014, neon gas prices experienced a sharp rise.
The current facts
The price of some specialty gases has begun to rise. At present, according to the price tracking data of Baichuan Yingfu, the price of continental neon gas (content of 99.99%) has risen from 400 yuan / cubic meter in October 2021 to more than 1600 yuan / cubic meter.
Many companies are turning to China, the U.S. and Canada for diversified supply. On the contrary, it is positive.
Industry impact
Although Russia and Ukraine account for a high proportion of these materials, these are very low in the cost of semiconductors, which may lead to a small supply problem, and if the situation escalates, it will not affect chip production on a large scale.
Recap chip fund buy
After the last inflection point buying, there was no opportunity to fall and make up positions, but instead rebounded. This wave of buying point is relatively low, and the next opportunity comes to continue to share.
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Disclaimer: The content of this article is for informational purposes only and does not constitute investment advice. Investors should still think independently.