1.1 Weakness in Global Manufacturing Operations
1.2 The Electronic Information Manufacturing Industry Is Gradually Recovering
1.3 The Semiconductor Market Rebounds Strongly
2.1 The Overall Chip Delivery Trend
2.2 List of Delivery Cycles of Key Chip Suppliers
4.1 Semiconductor Upstream Manufacturers
(1)Silicon Wafer/Equipment
(2)Fabless/IDM
(3)Foundry
(4)OSAT
4.2 Distributor
4.3 System Integration
4.4 Terminal Application
(1)Consumer Electronics
(2)New Energy Vehicles
(3)Industrial Control
(4)Photovoltaic
(5)Energy Storage
(6)Service Machine
(7)Communication
5.1 Opportunities
5.2 Risk
6 Summarize
Disclaimer
In December,The global economy continues to be weak and downward,and the weak volatility characteristics of major economies such as China,the United States,and the European Union have not changed. Looking back at 2023,since the second half of the year,the economy has shown a stable recovery and a positive development trend in structure. Outlook for continued economic recovery and improvement in 2024.
Chart 1: Manufacturing PMI of the world's major economies in December
Source: NBSPRC
The OECD predicts that the economic growth rate in 2024 will be 2.7%,which is 0.2 percentage points lower than the expected 2023 growth rate.
From January to November,China's electronic information manufacturing industry saw an accelerated recovery in production,a sustained narrowing in export decline,an accelerated recovery in efficiency,a slight decline in investment,and an increase in revenue in multiple regions.
Chart 2: Latest Operation of Electronic Information Manufacturing Industry in 2023
Source: MIIT
According to the latest data from SIA,global semiconductor sales reached 46.62 billion yuan in October,a month on month increase of 3.9%,marking the eighth consecutive month on month growth.
Chart 3: Latest global semiconductor industry sales and growth rate in 2023
Source: SIA、Chip Insights
From the perspective of integrated circuit production,the global integrated circuit production in November was about 104.8 billion pieces,a year-on-year increase of 19.1%. China's production reached 31.3 billion pieces,a year-on-year increase of 27.9%,and the trend of continuous recovery in production is evident.
Chart 4: Latest global and Chinese integrated circuit production and growth rate in 2023
Source: Wind
For more information, please refer to the attached report.