[US$1.2 billion to buy lithography machine SMIC and Asmar’s revised purchase agreement, the capital expenditure in the previous three quarters also “exploded”] SMIC announced on March 3 that it had already cooperated with Asmar (Shanghai). ) Mechanical and Electrical Equipment Co., Ltd. (hereinafter referred to as ASM Shanghai) signed a revised and restated bulk purchase agreement, with the term extended to December 31, 2021. #中芯国际 Signed a purchase order with Asimk#
In addition to the extension of the term, SMIC disclosed the previous purchase amount in the announcement. According to the bulk purchase agreement, SMIC has signed a purchase order with the Asim Group for the purchase of Asim products for the production of wafers during the 12-month period from March 16, 2020 to March 2, 2021. The total cost is approximately US$1.2 billion.
Although the “lithography machine” is not explicitly mentioned, the “ASM product that produces wafers” is obviously a lithography machine.
The “Daily Economic News” reporter noted that with the surge in downstream demand, SMIC has also accelerated the pace of capacity expansion, especially in 2020 SMIC’s capital expenditures will also be correspondingly “exploded.” According to SMIC’s disclosure, capital expenditure in 2021 is expected to be approximately US$4.3 billion. (YM)
I can’t remember the specific time. It was probably 2017. A company in Wuhan ordered an euv lithography machine. At that time, the company also put the news on the headline of the intranet. At that time, a big brother decided to go back to China to develop in the company branch. The eldest brother’s skill points are all on the euv lithography machine, originally thinking of returning to China to form a new team and do a big job. Before leaving, he asked me if I wanted to go back to China. After all, I was not in customer service, so I hesitated and did not follow my eldest brother. Unexpectedly, he left with his front foot, and a fire broke out in the Dutch warehouse on the back foot, and the delivery was postponed. Later, there was a technological war, the new crown epidemic, the euv lithography machine was banned from export to China, and the euv lithography machine is still in the Netherlands. I don’t know what the older brother is doing now, it shouldn’t be too bad, but it must be quite different from what I expected. Many people don’t know that the euv lithography machine has been researched by the US government in the 1980s, and then it has become a profitable project for more than 30 years; there have been various solutions in the past 30 years, and countless companies have tried it. I built my own euv system, but in the end it failed due to various reasons. The huge amount of money was lost, and there was no sound; now the core technology of asml’s euv technology is the American cymer company, and Asml acquired the ability to monopolize euv lithography machines after the acquisition of Cymer, but these technologies are still subject to US export control. So if the United States is unwilling, then asml has no possibility to sell euv lithography machines to China. If it does not do that, the US government can block the asml company’s technology overnight, which is a devastating blow. In addition, what many people don’t know is, let’s not talk about building an euv lithography machine, just use it well, none of them can’t be done in two or three years; asml’s euv lithography machine, how many resident customer service personnel should be Hundreds of people. Don’t think it’s easy to hear the word “customer service”. Customer service is basically a master’s degree or above. He has a good background in science and engineering. What he does is not answering the phone and bargaining. It’s about entering the ultra-clean laboratory. , Assemble and debug, solve the problem. The 24-container instrument must be able to work, and the problem should be found as soon as the problem occurs. The water inside is very deep. In addition, the euv lithography machine consumes amazing power and must be in a super clean environment. The basic maintenance cost per hour is hundreds of thousands of dollars. In other words, it is a money printing machine if it is used well, and it is a white elephant that loses money every day if it is not used well. So it’s not that everything will be fine when you buy it. The cooperation between SMIC and asml should be duv lithography machine if there is no accident. As for the euv lithography machine, I am afraid that the neck stuck time is longer than many people think. The U.S. blockade of China is already a bipartisan consensus! And China’s current research and development on EUV lithography machines, alas, China’s semiconductors are probably two generations behind the Western world. To make an analogy, the f22 that flew for the first time in 1997 was also two generations ahead of Chinese fighter jets, and it made its first flight almost 15 years later. In 1998, China bought the shell of the current aircraft carrier Liaoning, and today the nuclear-powered aircraft carrier is still on the drawings. The gap between Chinese semiconductors and the West is even greater than the two. When will we be able to recognize the reality and stop expecting a big news to be exposed in one or two years and get it done overnight, when will we be considered to be on the right path. Just like a Chinese aircraft carrier, it is a down-to-earth attitude to do things by first modifying it, then imitating it, and then designing it independently. Interested friends can see how much effort was spent in order to drag the shell of the Liaoning back to China in 2001, how many times it was blackmailed, and how much pain it suffered. In addition, there is one more thing that everyone may often overlook. The aircraft carrier that was towed back to China is not one! It is precisely because of this pragmatic attitude that I believe that the Chinese aircraft carrier will one day surpass the United States. Conversely, if large-tonnage nuclear-powered aircraft carriers were to be built as soon as the year came up, or there was inexplicable national pride, it would be ambition to say that we spent so much money to buy an out-of-the-box shell, whether it was difficult to build an aircraft carrier or to build an atomic bomb. ? What? We are going to build our own Ford-class aircraft carrier tomorrow. Then there is really no hope! Like India’s research and development of fighter jets, it refuses to steadfastly develop backward fighter jets by itself, and has to make it to the sky in one step. As a result, China has created the Xiaolong, the J-10, and India’s fifth-generation aircraft has not yet come out. China has developed the J-20 on the basis of the fourth-generation aircraft. India’s fifth-generation aircraft does not yet know where it is. Many things are like this, the slowest that seems to be the fastest. The same is true for the lithography machine. The duv is firmly established and can be produced independently. The main accessories are domestically produced, which is the basis for the development of the euv. If you don’t take this step, if you want to upgrade to euv directly and eat a fat man in one bite, there is a high probability that the current status of the Indians will be completed indefinitely! To some extent, the cooperation with asml in this news is actually because there is no mature and stable duv lithography machine technology in China. On the other hand, it also proves that the current duv lithography machine should already have a certain degree of self-production capability in China, so it can be bought. But this 1.2 billion US dollar order is actually urgently needed for the development of China’s duv project, but whose pocket has it fallen into today? This is the biggest dilemma for China in the field of lithography machines at present. It is difficult, expensive, risky, time-consuming, and vicious competition to grab your orders. When this kind of project is put on the market, no one will invest money no matter how loud the slogan is. No wonder so many people buy land under the guise of semiconductors. As water flows to a low place, capital will always go up the most profitable way. Really do semiconductors? Who cares if the pants are lost? It’s better to stock up a little bit and make two houses more reliable, isn’t it? People who don’t know how to do it, there are a lot of people who make money, a lot of people who beat chicken blood, and there are a lot of people clamoring about China’s awesome title party, but not many people do things down-to-earth. As soon as the big guys heard that this kind of project invested tens of billions of dollars at every turn, they had been losing money for more than 10 years. They started financial innovation every minute, and the game was broadcast live. Correct! Dad Ma, little target, it’s you guys! Really want to surpass yourself? Really want to prove yourself great? Really want to make a career? The ready-made road is here! This project is completed, that is the positioning of a national hero!