电子2024年8月台股营收跟踪：先进制程与果链8月需求畅旺

Investment Rating - The report maintains a positive outlook on the semiconductor manufacturing sector, particularly advanced processes, due to strong demand from mobile and high-performance computing (HPC) [3][8]. Core Insights - TSMC's advanced process revenue increased by 33.0% year-on-year in August, reaching a historical second-highest level, driven by strong AI and high-end smartphone demand [3][8]. - The report highlights that the semiconductor design sector continues to experience high demand, particularly in consumer and networking ICs, with companies like Realtek and others showing significant revenue growth [15] [13]. - The storage sector is facing a slowdown in revenue growth, with expectations of price increases tapering off in the second half of the year due to high prices affecting consumer purchasing willingness [4][11]. Summary by Sections 1. Semiconductor Manufacturing - TSMC's advanced process revenue is expected to grow significantly due to the upcoming release of Apple's A18 series and flagship Android products, with 3nm process utilization rates increasing [3][8]. - Other companies like UMC and GlobalFoundries also reported revenue growth, with UMC's revenue up by 8.9% year-on-year in August [3][8]. - Advanced packaging demand remains strong, with ASE's revenue showing a slight increase, benefiting from AI chip customer demand [3][8]. 2. Storage - The report notes a decline in revenue growth rates for storage products, with DRAM prices beginning to weaken and expected to face pressure in the second half of the year [4][11]. - Major players like Nanya and Winbond reported revenue increases of 8.8% and 8.9% respectively, while module manufacturers like Phison and Adata showed significant growth [4][11]. 3. Semiconductor Design - The consumer IC sector, represented by MediaTek, saw a slight revenue decline of 1.7% in August, with expectations of stabilization in the upcoming quarter [13]. - Networking IC companies like Realtek and others reported substantial revenue growth, benefiting from server replenishment and specification upgrades [15]. 4. Display Panels - Taiwanese panel manufacturers are experiencing mixed performance, with AUO and Innolux showing varying revenue trends [4][8]. 5. Electronic Components - Passive components and PCB sectors are maintaining stable demand, with companies like Yageo reporting record-high revenues [4][8].