Chinese semiconductor thread II
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VeriSilicon launches new VC9800 series IP for next-generation data centers
VeriSilicon (VeriSilicon, stock code: 688521.SH) today officially launched the new VC9800 series video processor (VPU) IP to enhance video processing performance , further enhancing VeriSilicon’s market position in the field of data center applications. The series of IP launched this time can meet the advanced needs of next-generation data centers including video transcoding servers, AI servers, cloud desktops, and cloud games.
The VC9800 series video processor IP has high performance, high throughput and server-level multi-stream encoding and decoding capabilities. It can support up to 256 streams and is compatible with all mainstream video formats, including the new generation of advanced formats such as VVC. This series of IP can significantly improve video quality and reduce memory usage and encoding latency through Rapid Look Ahead encoding; it also supports 8K video encoding and decoding, enabling enhanced video post-processing and multi-channel encoding at different resolutions. , thereby achieving an efficient transcoding solution.
The VC9800 series video processor IP can seamlessly interact with the neural network processor (NPU) IP to realize a complete AI video pipeline. When integrated with VeriSilicon graphics processor (GPU) IP, it can also provide enhanced subsystem solutions to optimize the gaming experience. In addition, the hardware virtualization, super-resolution image enhancement and AI encoding functions of this series of IP also provide efficient solutions for cloud desktop and other applications.
"VeriSilicon's advanced video transcoding technology continues to lead the data center field. We are working closely with leading customers around the world to develop comprehensive video processing subsystem solutions to meet the latest data center requirements." VeriSilicon Executive Vice President Dai Weijin, President and General Manager of the IP Business Unit, said, “For AI computing, our video post-processing technology has seamlessly interacted with the NPU and reached OpenCV-level accuracy. We have also introduced super-resolution in the video processing subsystem. High-efficiency technology has greatly improved image quality, thereby enhancing user experience in areas such as cloud computing and smart displays."
The VC9800 series video processor IP has high performance, high throughput and server-level multi-stream encoding and decoding capabilities. It can support up to 256 streams and is compatible with all mainstream video formats, including the new generation of advanced formats such as VVC. This series of IP can significantly improve video quality and reduce memory usage and encoding latency through Rapid Look Ahead encoding; it also supports 8K video encoding and decoding, enabling enhanced video post-processing and multi-channel encoding at different resolutions. , thereby achieving an efficient transcoding solution.
The VC9800 series video processor IP can seamlessly interact with the neural network processor (NPU) IP to realize a complete AI video pipeline. When integrated with VeriSilicon graphics processor (GPU) IP, it can also provide enhanced subsystem solutions to optimize the gaming experience. In addition, the hardware virtualization, super-resolution image enhancement and AI encoding functions of this series of IP also provide efficient solutions for cloud desktop and other applications.
"VeriSilicon's advanced video transcoding technology continues to lead the data center field. We are working closely with leading customers around the world to develop comprehensive video processing subsystem solutions to meet the latest data center requirements." VeriSilicon Executive Vice President Dai Weijin, President and General Manager of the IP Business Unit, said, “For AI computing, our video post-processing technology has seamlessly interacted with the NPU and reached OpenCV-level accuracy. We have also introduced super-resolution in the video processing subsystem. High-efficiency technology has greatly improved image quality, thereby enhancing user experience in areas such as cloud computing and smart displays."
Guangzhou Iron and Steel Gas: Plans to invest 1.1 billion yuan in the construction of Beijing Changxin Power Collection Phase II electronic ultra-pure bulk gas station and other projects
Guangzhou Iron and Steel Gas issued an evening announcement on January 6 that it planned to invest 1.1 billion yuan of super-raised funds into the "Guangdong Core Integrated Circuit Electronic Ultra-Pure Bulk Gas Station Project" and "Guangzhou Iron and Steel Gas (Nantong) Cold Energy Comprehensive Utilization Air Separation Project" , "Beijing Changxin Power Collection Phase II Electronic Ultra-Pure Bulk Gas Station Project", "Xinen (Qingdao) Phase II Electronic Ultra-Pure Bulk Gas Supply Project (F3 Phase)".
It is understood that Guangzhou Yuexin Phase III Integrated Circuit Manufacturing Co., Ltd. will build a 10,000Nm3/h nitrogen generator device and bulk gas station auxiliary system, and plans to use 80 million yuan of super-raised funds; Guangzhou Iron and Steel Gas (Nantong) Cold Energy Comprehensive The air separation project will build a 710 tons/day cold energy air separation unit and ancillary systems, and plans to use 250 million yuan of super-raised funds; Changxin Power Collection (Beijing) Storage Technology Co., Ltd. will build two sets of 32,000Nm3/h Super- N PLUS nitrogen generator and ancillary systems are planned to use 450 million yuan of super-raised funds; Xien (Qingdao) Phase II Electronic Ultra-Pure Bulk Gas Station Project (F3 Phase) will build two sets of 15,000Nm3/h Super-N PLUS nitrogen generators Machines and ancillary systems, it is planned to use 320 million yuan of super-raised funds.
Data show that Guangzhou Iron and Steel Gas was established in 2012. As a comprehensive service provider of electronic bulk gases, its main business is the research and development, production and sales of industrial gases with electronic bulk gases as its core. The company has created a comprehensive, independent and controllable gas supply system. Its expertise and capabilities cover all aspects from the design of gas preparation equipment to production and operation, gas storage and transportation, digital operation, gas application solutions, etc., providing customers with on-site gas production, Comprehensive services such as retail gas supply.
CETC is unveiling & opening up a new MEMS product industrial base in ShijiaZhuang.
Contains packaging & assembly line. Added 20 million set of production per year
MEMS sensors are importnt in auto electronics. Can be used for navigation when GPS/Beidou/5G signals are weak
Sounds like this is for IMUs. Of course, this can also be used for military equipment
Orion Proxima, a 12-inch high-density plasma chemical vapor deposition (HDPCVD) equipment independently developed by Northern Huachuang, has officially entered client verification. This marks that Northern Huachuang has achieved a new breakthrough in insulating dielectric filling process technology, and is also a solid step for Northern Huachuang to enter the field of 12-inch dielectric film equipment and open up the tens of billions market.
Guidelines for the construction of national automotive chip standard system released
On January 8, the General Office of the Ministry of Industry and Information Technology compiled and issued the "Guidelines for the Construction of the National Automotive Chip Standard System".
The "Guide" builds a standard system architecture based on the technical structure of automotive chips and the needs of application scenarios. Based on the logical structure of automotive technology, it proposes the overall architecture , content and key construction directions of the standard system to give full play to the role of standards in the development of the automotive chip industry. Its guiding and normative role provides support for building a sustainable automotive chip industry ecology.
Based on the current status of China's automotive chip technology, industrial application needs and future development trends, the guideline proposes the goal of establishing and improving China's automotive chip standard system in stages .
The "Guide" builds a standard system architecture based on the technical structure of automotive chips and the needs of application scenarios. Based on the logical structure of automotive technology, it proposes the overall architecture , content and key construction directions of the standard system to give full play to the role of standards in the development of the automotive chip industry. Its guiding and normative role provides support for building a sustainable automotive chip industry ecology.
Based on the current status of China's automotive chip technology, industrial application needs and future development trends, the guideline proposes the goal of establishing and improving China's automotive chip standard system in stages .
With a total investment of 2 billion yuan, Zeshi SSD module and chip packaging and testing production base was signed and settled.
With a total investment of 2 billion yuan, Zeshi SSD module and chip packaging and testing production base was signed and settled.
According to the "Xincheng Gedian" public account, on January 6, the Zeshi SSD module and chip packaging and testing production base project was settled in the Gedian Economic and Technological Development Zone, Ezhou City, with a total investment of 2 billion yuan.
It is reported that the project is invested and constructed by Beijing Zeshi Technology Co., Ltd., with an investment of 1 billion yuan in the first phase and a fixed asset investment of 600 million yuan. It mainly builds a solid-state drive module production base and plans to achieve an annual output of 6 million SSD modules; the second phase The initial investment is 1 billion yuan and the fixed asset investment is 700 million yuan. It mainly builds a packaging and testing production base for flash memory chips and plans to achieve an annual output of 6 million memory controller chips.
According to the data, Zeshi Technology was founded by the Institute of Microelectronics of the Chinese Academy of Sciences and focuses on providing consumer-grade and industrial-grade SSD solutions based on 3D NAND independently developed controller chips. At present, it has successfully mass-produced 28nm PCIe Gen3 control chips and launched a fully independently developed, nationally produced wide-temperature SSD solution. The next generation PCIe Gen5 control chips are about to be tape-out.
Northern Huachuang : Product process coverage continues to expand, and we are optimistic about the company's continued breakthroughs in the field of advanced process equipment.
Investment points: The silicon thin film epitaxy equipment research and development and industrialization project won the first prize of the Beijing Science and Technology Progress Award; it continues to increase investment in research and development and continuously expands the process coverage of its products.
The industry's status and influence continue to increase. In November 2023, the company's silicon thin film epitaxial equipment research and development and industrialization project won the first prize of the Beijing Science and Technology Progress Award; at the "2023 Sixth China International Photovoltaic Industry Conference", Northern Huachuang was ranked among the top 100 photovoltaic companies in China brand list, jumping to 21st place on the list.
Revenue in 23Q3 was 6.162 billion yuan, an increase of 34.88% from the previous quarter. The company's revenue in 23Q3 was 6.162 billion yuan, a year-on-year increase of 34.88%, and a month-on-month increase of 35.26%; the net profit attributable to the parent company was 1.085 billion yuan, a year-on-year increase of 16.48%, and a month-on-month decrease of 10.15%; the net profit after non-profit deductions was 1.031 billion yuan, a year-on-year increase of 24.05% , a month-on-month decrease of 4.12%.
The gross sales profit margin in the single quarter of 23Q3 was 36.37%, a year-on-year decrease of 4.75pct and a month-on-month decrease of 7.00pct.
Contract liabilities in the first three quarters of 2023 reached 9.380 billion yuan, continuing to increase. The total revenue in the first three quarters of 23Q1-Q3 was 14.588 billion yuan, a year-on-year increase of 45.70%; the net profit attributable to the parent company was 2.884 billion yuan, a year-on-year increase of 71.06%; the net profit attributable to the parent company after deducting non-profit items was 2.640 billion yuan, a year-on-year increase of 78.82%; the overall gross The interest rate is 39.83%, a year-on-year decrease of 4.15pct. In terms of items, the revenue of electronic process equipment reached 12.9 billion yuan, a year-on-year increase of 63.43%, accounting for 88.43% of the total revenue. In terms of contract liabilities, as of September 30, 2023, the company's contract liabilities amounted to 9.380 billion yuan, a year-on-year increase of 44.05% and a month-on-month increase of 9.26%.
The company will be guided by customer needs and continue to increase investment in research and development. The company's sales expenses, administrative expenses, and R&D expenses in the first three quarters of 2023 were 612 million yuan, 1.040 billion yuan, and 1.389 billion yuan respectively, accounting for 4.19%, 7.13%, and 9.52% of operating income respectively. According to the "Northern Huachuang Investor Relations Activity Record Form (20230531)", the company's etching, thin film deposition, furnace tube and cleaning equipment are currently supplied to the market in batches, and process coverage and market share continue to increase; the company will focus on semiconductor basic products The company continues to increase investment in R&D in the field and continuously improves its innovation capabilities guided by customer needs.
Continuously expand the process coverage of products. In June 2023, the company released the 12-inch glue removal machine ACE i300, opening up a new territory in the 12-inch etching field and achieving full coverage of the glue removal process; in September 2023, the China Electronic Information Industry Federation released the "Competitiveness of Electronic Information Enterprises in 2023" Report and List of Top 100 Enterprises", the company ranked 69th, and has been listed among the top 100 most competitive electronic information enterprises in China for three consecutive years.
Profit forecasts and valuation recommendations. We estimate that the company's revenue from 2023E to 2025E will be 20.479 billion yuan, 26.154 billion yuan, and 32.306 billion yuan respectively, a year-on-year increase of 39.42%, 27.71%, and 23.52%; the net profit attributable to the parent company will be 3.629 billion yuan, 5.065 billion yuan, and 6.660 billion yuan respectively. , a year-on-year increase of 54.24%, 39.57%, and 31.50%. Using the PS valuation method and combining the PS valuation levels of comparable companies, we give the company PS (2023E) 6.5x~8.0x, the reasonable market value range is 133.112 billion yuan~163.830 billion yuan, and the reasonable value range per share is 251.09 yuan~309.03 yuan , covered for the first time with an "outperform" rating.
Semiconductor equipment order volume is growing steadily, and Shengmei Shanghai expects revenue in 2024 to be 5 billion yuan to 5.8 billion yuan.
Shengmei Shanghai released a performance forecast stating that the company expects to achieve operating income of 3.65 billion-4.25 billion yuan in 2023, a year-on-year increase of 27.04%-47.93%. Its revenue in 2022 will be 2.873 billion yuan.
Regarding the reasons for the revenue growth, Shengmei Shanghai said that the demand for equipment in China's semiconductor industry continues to be strong. The company relies on the advantages of core technology and product diversification to continue to grow sales orders; at the same time, the company has made significant achievements in new customer expansion and new market development. As a result, the company successfully opened new markets and developed multiple new customers, increasing overall operating income. In addition, the company's new products have excellent performance and stable quality, meeting the diverse needs of customers, gradually gaining customer recognition, and order volume has grown steadily.
Based on business development trends in recent years, as well as current orders and other aspects, Amei Shanghai expects its operating income for the whole year of 2024 to be between RMB 5.00 billion and 5.800 billion.