国际EDA巨头对华或再面临限售 A股厂商强势上涨

Core Viewpoint - Recent reports indicate that the U.S. has requested that international EDA companies refrain from supplying to China without permission, leading to a surge in A-share EDA stocks on May 29, 2023 [1][2] Group 1: Impact on International EDA Companies - The U.S. Department of Commerce has notified certain companies that they cannot supply technology to China without permission, affecting products including semiconductor design software [2] - Synopsys CEO Sassine Ghazi stated that the company has not received any official communication regarding export controls but anticipates a year-on-year decline in revenue from the Chinese market, which is close to $1 billion, accounting for approximately 16% of total revenue [2][4] - Cadence's revenue from the Chinese market has decreased from 17% to 12% of total revenue [2] Group 2: Market Dynamics and Trends - The EDA industry is highly concentrated, with Synopsys, Cadence, and Siemens EDA holding a combined market share of 75% as of 2021 [5] - Domestic EDA performance is gradually improving, and there is potential for increased market share despite a projected decline in earnings for major domestic EDA companies in 2024 due to industry cycles and R&D costs [5] - Major domestic EDA companies are accelerating capital operations, with Huaqin JiuTian acquiring Chip and Semiconductor to enhance its EDA solutions [5] Group 3: Domestic EDA Development - Domestic EDA tools cover various fields, including analog circuit design, storage circuit design, RF circuit design, and more [6] - The shift to domestic EDA products is becoming feasible as their performance improves, with some products reaching or exceeding international standards [6][7] - The trend of fixed-term licensing for EDA tools is expected to facilitate the transition to domestic products as existing foreign licenses expire [7]