ASML canceled part of the order for Huaguang engraving machine in advance, the company fell nearly 5%, and the semiconductor equipment ETF (561980) closed down 2.35%!

Jan. 04 11:35 am 129 read

On the first trading day in 2024, the two markets shook back, affected by ASML's early cancellation of some of the Huaguang engraving machine order news, semiconductor board began the year of shock, and semiconductor equipment sector fell in the top. The CSI index, which focuses on the upstream industrial chain such as semiconductor equipment and materials, closed down 2.12%.

Stocks, only sea ray information (74.900, 2.23, 3.07%), and pure science and technology (25.380, 0.16, 0.63%) closed up 1.94%, 0.39%. Rich and precise (70.890, 0.46, 0.65%), in the company (144.900, 0.54, 0.37%), deep keda (37.250, 0.09, 0.24%), viewing their shares (32.000, 1.55, -4.62%), core source Micro (123.600, -2.27, -1.80%) and other stocks fell more than 4%.

In terms of on-market ETFs, semiconductor equipment ETF (561980) maintained underwater volatility throughout the day, closing down 2.35%, with a turnover of nearly 14 million yuan. On the financial front, the ETF has accumulated a net purchase of nearly 6 million yuan in the previous two days.

ASML issued a statement on its official website this morning, saying that the export license of its NXT: 2050i and NXT: 2100i lithography systems has been partially revoked by the Dutch government, or affects a small number of Chinese customers, which triggered the adjustment of the semiconductor equipment sector.

In fact, under years of repression, the marginal effect of semiconductor sanctions may have gradually weakened. In this context, domestic fabs are expected to actively open process verification opportunities to equipment companies, and it is expected that the localization rate of semiconductor equipment in China will accelerate.

Looking ahead to the semiconductor equipment market, SEMI expects that in 2024, fab front equipment spending will increase year-on-year, and downstream demand for parts is expected to improve positively. According to SEMI, global fab front-line equipment spending is expected to decline 15% year-over-year in 2023, from $99.5 billion in 2022 to $84 billion, before rebounding 15% year-over-year to $97 billion in 2024. In 2023, the head fabs were affected by weak industry demand, destocking of the industrial chain and export controls in the United States, and the tender was weak overall.

According to the data of the enterprise check, the second phase of the large fund to Hefei Changxin capital increase of nearly 40 billion yuan, the scale of tens of billions of yuan of capital increase, indicating that the capacity of domestic memory chips or will usher in a new round of expansion, Guojin Securities (8.900, -0.10, -1.11%) forecast that the second half of 2024 domestic fabs bidding and equipment orders are expected to improve. Upstream and downstream equipment and parts, materials, sealing and testing industry chain or will fully benefit.

Semiconductor Equipment ETF (561980) passively tracks the CSI Semiconductor Industry Index, which mainly covers upstream industry chain companies such as semiconductor materials and equipment. Upstream semiconductor equipment and materials have high industrial barriers, lag behind in many fields, and are the main battlefield of domestic substitution, with broad space for development, and continue to be highly valued and supported by national industrial policies. Under the multiple background of the semiconductor autonomous controllable theme, the cycle bottoming out recovery, and the new demand catalyzed by AI, the semiconductor equipment innovation cycle and the domestic replacement cycle are expected to open.