A fund believes that in 2022, the semiconductor market may move from production capacity to products. With the negative impact of the COVID-19 epidemic on the global economy gradually weakening, the supply chain is gradually moving from chaos to order, and the newly-built production capacity is gradually released. The semiconductor industry chain may change from 202 1 to 2022, where the overall core is lacking and the production capacity is king, and the structure will be tightly balanced and the product strength will prevail. The investment concept needs to change from the rise of quantity and price to the rise of price level.

A brokerage firm believes that the prosperity of the semiconductor industry is still sustainable in the short term, but the risk of prosperity reversal in 2022 is greater. In 20021year, the prosperity of the semiconductor industry continued to rise, and even there was a core shortage. The main reason was that the supply was limited by the epidemic in 2020, and the order was moved to 202 1 year, which led to a staged imbalance between supply and demand in the industry. However, as the most important source of downstream demand, the growth rate of smartphones has slowed down significantly. Although the new demand such as new energy steam is growing rapidly, the total amount is limited, so the growth rate of the demand side of the industry is not high. With the gradual digestion of the previous backlog of orders, the risk of industry boom reversal is high in 2022.