How high is the localization rate of the four major semiconductor equipment?

In 2020, Mainland China will become the world's largest semiconductor equipment sales market for the first time, with market size of 18.72 billion U.S. dollars (approximately 122 billion yuan), a year-on-year increase of 39%.

In the first quarter of 2021, sales in Mainland China were US$5.9 billion (approximately 37.7 billion US dollars), compared with US$3.5 billion in the same period last year, an increase of 69% year-on-year, ranking second in the world, second only to South Korea.

The reason why the demand for semiconductor equipment in mainland China is so large is that mainland China has continuously developed the semiconductor industry in recent years, especially in the field of wafer manufacturing.

The focus of wafer manufacturing is equipment. In the process of manufacturing a small chip, dozens of hundreds of equipment and hundreds of processes are needed. Therefore, as the production capacity of mainland China increases, the demand for semiconductor equipment, It's also soaring all the way.

Among these dozens or hundreds of semiconductor equipment, 4 types of equipment account for the highest proportion, namely lithography, etching, film deposition, and process inspection, which account for about 74% of all equipment costs, of which lithography accounts for Approximately 21%, film deposition type approximately 22%, etching 20%, and process inspection approximately 11%.

So how high is the localization rate of this four most important equipment? Recently, Yunxiu Capital released the "2021 China Semiconductor Investment In-depth Analysis and Outlook" research report. In the report, these devices are analyzed in detail, let's take a look at the specific situation.

As shown in the above figure, the localization rate of lithography machines is currently less than 1%, the localization rate of process inspection equipment is about 2%, and the etching type is about 7%, and the thin film deposition type is about 8%. Obviously, the localization rate of these four important types of equipment is very low, especially for lithography machines and process inspections, even below 2%.

According to the data of the previous organization, the overall localization rate of semiconductor equipment in 2020 maybe only about 6%, which has seriously affected the development of China's chip industry.

It can be seen that increasing the localization rate of semiconductor equipment will next be the top priority of China's chip industry chain because if these key equipment is all imported, others can get stuck in your neck at any time, no equipment, no matter how strong the chip is Technology can not produce chips. It can be said that increasing the level of localization is indispensable, and there is no way to retreat.