Hi all, I only had time to listen into the call recording today.
let me start with a general observation. Management seems very confident about reaching guidance and none of the questions actually seemed to surprise them - except the one on depreciation.
A few notes from my side: 1.) “All manufacturing is outsourced” that goes imho for the parts and the personnel 2.) 30 to 40% of the revenue is generated in USD. Budget rate is 1,2 resulting in a Tailwind in Q1 of 2 to 3 % gross margin. 3.) Lead time now 9 – 12 months
GAN Power -Spans from 100V to 600V, incl. white goods and server farms -market penetration is 5% remainder is still silicon -biggest order intake in Q1 -GAN and SiC Power account for > 50% of Order intake
SiC Power Wolfspeed discussing build of a second factory “couple of big customers but also well financially equipped start-ups that order” Management is convinced to gain more customers
MicroLED The tools will cover all 3 colors which essentially means 3 products. Red, yellow and blue. orders for the 2023/2024 ramp expected in 2022 and 2023. one customer with concrete plans others wanting to make reservations
New tools under development for all major applications that will result in advantageous for the customer in terms of productivity & uniformity and a better margin for Aixtron.
Ich gebe kein Stück aus der Hand, den ich kann mir €30 zum Jahresende durchaus gut vorstellen.
ST Micro held an investor day this week. Strong strong strong focus on SIC (targets accelerated) and GAN. I didnt listen but scrolled through the slides. Confirms that Aixtron is witnessing the ramp-up in volume orders this year and next.
Check out the slides yourselves and please add quaified comments. But I think the message is clear: Automotive and Industrial electrification are the biggest drivers for STM over the next 2-3 years and this is driven by SIC and GAN roll-out and expansion. Various details and the expansion plans in the slides (incl. 300mm manufacturing etc).
100% in-line with Aixtron Management comments in the Q1 call.
auch hier schliesse ich mich Alex vollinhaltlich an: Merci beaucoup pour votre engagement!
Selbstverständlich ebenso ein großes Merci beaucoup an fel216 sowie Cwl1, welche mit Ihren fundamental untermauerten Beiträgen dieses Forum spannend, interessant sowie abwechslungsreich gestalten. Eine großartige Leistung!
: INDEXÄNDERUNG/Aixtron, Wacker Chemie und Telefonic
FRANKFURT (Dow Jones)--Die Aktien von Aixtron, Wacker Chemie und Telefonica Dt. steigen in den Stoxx-600 auf. Wie der Indexbetreiber Qontigo am Mittwoch mitteilte, werden daneben noch weitere acht Aktien ausgetauscht. Neu in den Index kommen noch Gaztransport et Technigaz, Saab, OCI, Axfood, Indivior, Fortnox, Harbour Energy und Nexans. Den Index verlassen werden CD Project, Quilter, Mips, Dr Martens, Nokian Renkaat, Qt Group, S4 (Ord. Shares), Ets Colruyt, Schibsted Gruppen, Orpea und Vifor Pharma.
Die Änderungen treten mit Handelsbeginn am 20. Juni in Kraft.
I still hold the shares although traded a few times. There were some positive news but I don't think they matter much given the current economical situation and people just focus on the stock price movements. Currently the stock is trading at a 2023 P/E of 23. The question is how much we should pay for the growth to justify that.
"Innoscience plans to increase its total production capacity by another 40% this year. To achieve this goal, the capacity of the Suzhou fab will be increased to 10,000 wafers per month. And this is just the beginning. They plan to carry out an additional expansion in Suzhou to increase their total capacity to 70,000 8-inch wafers per month by 2025—meaning seven times their current manufacturing capacity
Innoscience isn't the only company planning to massively ramp up semiconductor manufacturing in the coming years. But Marcon says they have equipment delivery agreements in place to achieve these ambitious targets even in these supply-constrained markets."
This article says Epiworld is adding 200,000 6" SiC epi wafer capacity this year and increases total lines/tools from 28 to 50 in 2022. In addition, it has started the construction of phase 3 this year which would lead to a total capacity of 1.4m SiC epi wafers per year.
"Han Tiancheng Silicon Carbide Industrial Park project has installed 28 production lines, and it is expected to increase to 50 production lines by the end of the year."
"The third-phase project of Hantiancheng Silicon Carbide Industrial Park will start construction within this year, and the production capacity of the third-phase project will reach 1.4 million pieces."
200000/365/8/3= 23, number of tools needed for 200,000 6" wafers with 3 runs per day per year. This calculation is consistent with what the article says about adding 22 tools this year.
1400000/365/8/3=160, number of tools needed for 1.4m wafers per year. I believe 1.4m wafers are the sum of all three phases. So phase 3 alone would acquire another 160-50=110 tools. The article did not say when phase 3 would be completed but it has started this year.
ROHM's SiC power semiconductor production capacity will increase by 6 times, aiming to win the global market share Compiled by Juheng.com, Chen Dacheng 2022/06/12 23:46
Rohm, a major Japanese IDM company, plans to expand the revenue of silicon carbide (SiC) power semiconductors to more than 100 billion yen by 2025 ; Rohm will invest a maximum of 170 billion yen to make SiC power semiconductors The production capacity will be increased to 6 times that of 2021; President Matsumoto Gong emphasized that the goal is to become the global market leader in 2025.
Last Wednesday (8th), ROHM held the opening ceremony of a dedicated production plant for silicon carbide power semiconductors in Chikugo, Fukuoka, Japan. President Gong Matsumoto said that starting from the new plant, the goal is to become the global market leader in 2025. This is also the first time that a Japanese semiconductor manufacturer has built a dedicated plant for silicon carbide power semiconductors in Japan.
This time, ROHM invested about 20 billion yen to build a special plant for silicon carbide power semiconductors in Chikugo City, Fukuoka Prefecture, Japan. The last time ROHM built a new plant in Japan was 14 years ago.
According to the "Nihon Keizai Shimbun" report, ROHM ranks 10th in the global overall power semiconductor market; however, in the global market share of silicon carbide power semiconductors, ROHM ranks around 4th, and this time the new plant was completed. After that, ROHM's silicon carbide power semiconductor production capacity will also be increased to 6 times the previous level, with the goal of increasing the global market share from the current 14% to 30% in three years.
At the opening ceremony of the new plant, Matsumoto said, "We will definitely implement advanced investment, and at the same time increase production capacity, to win the world's No. 1 position. Investments between 120 billion yen and 170 billion yen are being considered." He stated that he would implement further investment in Fukuoka, Japan in the future.
At present, ROHM has semiconductor factories in Fukuoka and Miyazaki, Japan, using 6-inch wafers to produce silicon carbide power semiconductors. The new plant in Fukuoka will be put into mass production in December this year, and the production capacity will be increased. It plans to start mass production using 8-inch wafers before 2025.
---------------------- notes: Rohm is the second largest SiC power semi player after Wolfspeed. Besides its own SiC epi wafer capability, Rohm uses SiC epi wafers from Showa Denko which is a customer of Aixtron. It would be hard to believe that Rohm does not use Aixtron's tools internally for SiC epi if its supplier uses Aixtron's tools.
"Soft-Epi, a South Korean company that specialises in GaN-based epitaxial growth using MOCVD, has announced that it is shipping GaN red epi wafers for micro LEDs.
The company says its breakthrough technology can mass-produce red LEDs using existing MOCVD without additional equipment investment."
At the Soft-Epi web site you can see an Aixtron planetary reactor loaded with six 8" (200mm) wafers, which suggests Soft-Epi already has Aixtron's new G6-like reactor. G4 and G5 load five 200mm wafers.