IC design is not booming

The operating performance of the IC design factory in the third quarter is not expected to rise during the peak season. Except that the revenue will be lower than the traditional peak season, the gross margin pressure will remain high. Most manufacturers will only perform flat compared to the second quarter, and some manufacturers may even decline further.

Due to the high inventory level and weak terminal market demand, the semiconductor industry is not booming during the peak season in the third quarter; the third-quarter performance of semiconductor packaging and testing giants Riyueguang (2311) and Ruipin (2325) will only increase by 2%. To 6% level.

Foundry giants Taiwan Semiconductor Manufacturing Co. (2330) and UMC (2303) reported that their third-quarter performance may even decline during the peak season. Among them, TSMC’s third-quarter results will be reduced by 6% to 8%, and the third quarter results of UMC will be even stronger. Declining the season by 11% to 13% will be the largest decline in the peak season performance in the past 10 years.

The 3rd quarter of the IC design factory's performance will generally only increase by less than 10% in the quarter. The growth rate is lower than the traditional two-digit level in the peak season. Some manufacturers may even decline from the second quarter.

Mobile and TV chipmakers MediaTek (2454) and Morningstar (3697) will achieve a quarterly growth of 5% to 10% compared to the second quarter. Power management and chipmakers to New (8081) will have a third-quarter result unchanged from the second quarter. which performed. Li Zhi (6286)'s third-quarter results will be reduced by 3% from the quarter to 8% in the quarter.

Sensing Wafer Factory's original phase technology (3227) 3rd quarter performance will be reduced by 5% quarterly; China Netcom Wafer's Ruiqi (2379) and panel-driven IC plant (3034) will also be in sync with the second quarter. .

Except that the revenue performance may not be very strong, due to the appreciation of the NT dollar and the pressure of product price competition has not been lifted, the gross margin pressure of the IC design factory in the third quarter is still high, and will generally be flat or slipping compared to the second quarter. Significant improvement opportunities have not yet emerged. .

The joint venture and the original are expected that the gross profit margin in the third quarter will be flat compared to the second quarter.

MediaTek expects that some product lines will still be under competitive pressure. The gross profit margin in the third quarter will be between 44% and 46%, which will be flat or slightly lower than the 45.9% in the second quarter.

Li Wei pointed out that the third quarter of the product price pressure may be greater than the second quarter, it is expected that the third quarter gross profit margin will be about 35% to 38%, compared with 37.1% in the second quarter still has downward pressure.

To the new also said that the third quarter from Texas Instruments (TI) price pressure, but continued to reduce costs, and product mix adjustments, the third quarter gross margins strive to achieve a flat performance.

Ruiqi expects that with the performance of the third quarter may decline, the gross profit margin will also slip from the second quarter.

Optoelectronics analog IC factory Ling Yao Technology (3582) Although driven by strong customer demand from Korean mobile phone plants, revenue in the third quarter is expected to increase by 15% to 20% during the quarter, making it a significant growth factor in IC design plants.

The only reason is that the gross profit margin of Korean mobile phone customer products is low, and with the further expansion of shipments, it is likely that Ling Yao’s gross profit margin will decline again in the third quarter, which is also the main reason for the recent sharp drop in stock prices.