China Set to Boost Local Chipmaking Equipment Industry -- Market Talk

Dow Jones09-05

0745 GMT - China will likely step up efforts to grow its chipmaking equipment industry over the next two years as it ramps up competition with the U.S., Daiwa analysts Bintuo Ni and Melody Zhao say in a note. "Given the ongoing US-China chip war and long-term outlook, China has every reason to boost the localization rate as fast as possible," they say. Advanced fab expansion, especially from Chinese memory-chip makers, could help drive demand for semiconductor production equipment, which Daiwa forecasts will rise 23% in 2024 but stay flat for 2025 and 2026 given the intense rate of purchasing so far this year. Domestic equipment producers like Naura Technology, Advanced Micro-Fabrication Equipment and Piotech could book strong revenue growth over 2024-2026 on the trend, they say. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

September 05, 2024 03:46 ET (07:46 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2465951446?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-05 15:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2465951446","market":"sh","top_or_hot":-1,"title":"China Set to Boost Local Chipmaking Equipment Industry -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0745 GMT - China will likely step up efforts to grow its chipmaking equipment industry over the next two years as it ramps up competition with the U.S., Daiwa analysts Bintuo Ni and Melody Zhao say in a note. \"Given the ongoing US-China chip war and long-term outlook, China has every reason to boost the localization rate as fast as possible,\" they say. Advanced fab expansion, especially from Chinese memory-chip makers, could help drive demand for semiconductor production equipment, which Daiwa forecasts will rise 23% in 2024 but stay flat for 2025 and 2026 given the intense rate of purchasing so far this year. Domestic equipment producers like Naura Technology, Advanced Micro-Fabrication Equipment and Piotech could book strong revenue growth over 2024-2026 on the trend, they say. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 05, 2024 03:46 ET (07:46 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Set to Boost Local Chipmaking Equipment Industry -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Set to Boost Local Chipmaking Equipment Industry -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-05 15:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0745 GMT - China will likely step up efforts to grow its chipmaking equipment industry over the next two years as it ramps up competition with the U.S., Daiwa analysts Bintuo Ni and Melody Zhao say in...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2289578879.USD","symbol_name":"ALLIANZ CHINA A OPPORTUNITIES \"AT\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2465951446","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2465951446","pubTimestamp":1725522360,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0745 GMT - China will likely step up efforts to grow its chipmaking equipment industry over the next two years as it ramps up competition with the U.S., Daiwa analysts Bintuo Ni and Melody Zhao say in a note. \"Given the ongoing US-China chip war and long-term outlook, China has every reason to boost the localization rate as fast as possible,\" they say. Advanced fab expansion, especially from Chinese memory-chip makers, could help drive demand for semiconductor production equipment, which Daiwa forecasts will rise 23% in 2024 but stay flat for 2025 and 2026 given the intense rate of purchasing so far this year. Domestic equipment producers like Naura Technology, Advanced Micro-Fabrication Equipment and Piotech could book strong revenue growth over 2024-2026 on the trend, they say. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"688012":"中微公司","688072":"拓荆科技","LU2289578879.USD":"ALLIANZ CHINA A OPPORTUNITIES \"AT\" (USD) ACC","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU2495084118.USD":"ALLIANZ CHINA A-SHARES \"ATH\" (USDHDG) ACC","LU2328871848.SGD":"Eastspring Investments - China A Shares Growth AS SGD","SGXZ49509284.SGD":"United China A Shares Innovation A Acc SGD","BK0028":"国家队","BK0125":"芯片国产化","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","BK0188":"融资融券","LU1969619763.USD":"EASTSPRING INV CHINA A SHARES GROWTH \"A\" (USD) ACC","002371":"北方华创","LU1997244956.HKD":"ALLIANZ CHINA A-SHARES \"AT\" (HKD) ACC A","BK0251":"专用设备","LU1997245094.SGD":"安联神州A股基金AT Acc SGD","LU1997245177.USD":"安联神洲A股基金","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","SGXZ81163826.USD":"UNITED CHINA A-SHARES INNOVATION \"A\" (USD) ACC","SG9999001093.SGD":"United Greater China Fund A Acc SGD"},"translate_title":"中国将提振本土芯片制造设备产业——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"688012":0.9,"688072":0.9,"002371":0.9},"content_text":"0745 GMT - China will likely step up efforts to grow its chipmaking equipment industry over the next two years as it ramps up competition with the U.S., Daiwa analysts Bintuo Ni and Melody Zhao say in a note. \"Given the ongoing US-China chip war and long-term outlook, China has every reason to boost the localization rate as fast as possible,\" they say. Advanced fab expansion, especially from Chinese memory-chip makers, could help drive demand for semiconductor production equipment, which Daiwa forecasts will rise 23% in 2024 but stay flat for 2025 and 2026 given the intense rate of purchasing so far this year. Domestic equipment producers like Naura Technology, Advanced Micro-Fabrication Equipment and Piotech could book strong revenue growth over 2024-2026 on the trend, they say. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 05, 2024 03:46 ET (07:46 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2465951446"}