Galaxy Microelectronics: At present, the IPM framework has been developed and sent for testing

Jiwei network news, recently, Galaxy Microelectronics said in an institutional survey that the company's chip demand has the characteristics of "multi-variety, small batch, multi-batch", and all self-production is not feasible. Among them, the power chip has its own production, with a production capacity of about 120,000 pieces / month, and the small signal chip is mainly purchased, because there are more varieties of small signal product chips, the market supply is sufficient, and it has a good cost advantage.

Regarding the progress of IPM-related projects under research, Galaxy Microelectronics said that according to the original plan, it will be until the beginning of next year, and the current IPM framework has been developed and tested, and the relevant equipment tooling is in the process of processing.

The current model is to participate in a design company, design according to our needs, and then go to the outside of the tape. The company and Youyao Semiconductor have had business contacts in the field of MOS tube chips since 2018, and the cooperation between the two sides is good. After the company was listed, due to the need to develop high-end products, as well as the consideration of chip research and development and self-made layout in the medium and long term, it decided to cooperate with Youyao Semiconductor in depth.

In terms of revenue, Galaxy Microelectronics explained that the lack of particularly large growth in the past year is mainly due to the adjustment of the product industry structure. For example, axial power diodes in the field of green lighting, the market side of this type of product is highly competitive, and the pricing level of the sales terminal is low. In the past few years, the company has continuously adjusted the product structure, improved product performance, improved product grade, eliminated the proportion of products with low added value, actively expanded the high-end market areas at home and abroad, and comprehensively improved the company's profitability.

It is reported that the Galaxy micro-electric vehicle specification semiconductor device industrialization project is mainly through the purchase of advanced chip manufacturing equipment, packaging and testing equipment and vehicle-grade semiconductor discrete device testing and testing equipment, the introduction of professional R & D and production personnel, the construction of a vehicle-grade semiconductor discrete device production line covering the whole process of chip design, manufacturing and packaging and testing, strengthen the company's integrated production capacity of vehicle-grade semiconductor discrete devices, enhance the company's high-end semiconductor discrete device production capacity, to meet the growing demand for high-end applications.

Regarding the chip production capacity, Galaxy Microelectronics said that at present, the company's four-inch tablets are about 80,000-100,000 pieces per month, and 5-inch six-inch pieces are about 20,000-30,000 pieces per month, all for self-use. The company is characterized by "multi-variety, multi-specification" product series, can provide customers with "one-stop" procurement services, on the basis of which according to the development needs and then continue to improve chip technology and production capacity, and ultimately to provide customers with a strong applicability, high reliability of a series of products and technical solutions as the goal.

Galaxy Microelectronics said that in 2021, the overall price increase of products will be about 5-10%.

In terms of power devices, Galaxy Microelectronics pointed out that the company's power device products are mainly divided into axial, in-line and SMD types according to the package type. Limited by the development direction of terminal applications, the overall market size of axial packaging products has declined in recent years, but the downward trend has slowed down, and the future will gradually enter a relatively stable stage. The decline in the company's share of products is the reduction of traditional axial packaging devices. The company has been deeply engaged in the semiconductor discrete device industry for many years, and has always taken the initiative to adjust the industrial structure according to the industry trend and market demand. At present, the production capacity of axial packaging devices tends to be stable, and the depreciation of related equipment has been amortized, which will not affect the subsequent operating profit.

Regarding the "one-stop" procurement service, Galaxy Microelectronics explained that it is mainly considered according to market demand. For customers, one-stop procurement costs are lower, more efficient, compatibility and reliability will be better, the delivery cycle is stable, and it is also convenient for customers to manage their supply chain. From the company's point of view, it is also more conducive to comprehensively understanding customer needs from multiple dimensions of development and application, and providing customers with more suitable solutions, products and services.

In terms of customers, Galaxy Microelectronics said that home appliance customers include Midea, Gree, Oaks, TCL, Changhong, etc., network communications have customers such as Hikvision, automotive electronics customers have Mande, BYD, Inball, Jingwei Hengrun, etc., the specific situation is mentioned in the prospectus, involving more customers. Based on the wide range of applications of discrete device products, the company also has the same customer covering different application areas.

At present, the purchase amount of external chip suppliers is mainly affected by the choice of categories, and changes in the sales of discrete device products will affect the changes in the ranking of upstream suppliers. The company has cooperated with major suppliers for many years and has maintained good cooperative relations.

In addition, Galaxy Microelectronics said that as far as semiconductor discretes are concerned, this year's situation is not a fixed cycle of the industry itself, caused by a combination of multiple factors. With past experience, the application of products in this industry is widespread, and the fluctuations are not too large. Terminal product iteration, old products eliminated at the same time there will be new products, in the case of macroeconomic stability, the overall market demand for discrete devices is generally relatively stable. (Proofreading/Arden)