On the morning of December 13, 2023, the three major A-share indexes were collectively adjusted, and the technology growth style strengthened against the market. In the semiconductor industry, upstream chips and downstream consumer electronics have risen. As of 9:45, Zhuosheng Micro and NOVOSENSE both rose by more than 2%, and China Micro Corporation, Fudan Microelectronics, North Huachuang, Weir Co., Ltd., and Goodix Technology all rose by 1%. Chip ETFs (159995) and consumer electronics ETFs (159732) rose in a straight line, and the reverse market was more obvious.
According to the data, the chip ETF (159995) tracks the CNI chip index, and the 30 constituent stocks gather leading enterprises in materials, equipment, design, manufacturing, packaging and testing in the A-share chip industry, including SMIC, Wingtech Technology, North Huachuang, etc. The Consumer Electronics ETF (159732) tracks the CNI Consumer Electronics Index and mainly invests in 50 A-share listed companies whose business involves the consumer electronics industry, which is mainly distributed in mainstream sectors with high market attention such as electronics manufacturing, semiconductors, optics and optoelectronics. From the perspective of the industrial chain, consumer electronics accounts for the highest proportion of downstream demand for chips, exceeding 60%.
According to TechInsights data, China's smartphone shipments fell 5% year-on-year in Q3, and Huawei, with its self-sufficient 5G smartphones, saw shipments soar 50% year-on-year, accounting for 13% of the market share. According to the statistics of the Science and Technology Innovation Board**, mobile phone shipments ushered in a "small spring", hitting a new high in 22 months in November 2023. The monthly sales of global semiconductors have increased month-on-month for 8 consecutive months, and some mainstream international institutions have revised their expectations for the scale of the global semiconductor market in 2024, and the overall business cycle of the industry is expected to gradually recover.
Haitong** said that smart phones are expected to improve in 24 years. Among them, Huawei's mobile phone ** chain is worth paying attention to in the context of volume expansion in the next two years. On the one hand, it puts forward higher requirements for the security of the first chain, such as CIS, radio frequency, storage and other subdivisionsOn the other hand, it will drive high-end models to accelerate innovation, and the optical upgrade path has been relatively clear.
The content and data are for reference only and do not constitute investment advice. AI technology strategy is provided for Youlian Cloud.