电子行业周报（2024年第51周）

Investment Rating - The industry rating is "Outperform the Market" (maintained) [5] Core Insights - The electronic industry experienced a weekly change of +0.2%, ranking 14th among 31 sectors in the Shenwan classification. Major indices such as the Shanghai Composite Index, Shenzhen Component Index, and CSI 300 saw declines of -0.4%, -0.7%, and -1.0% respectively during the same period [1][16]. - In the semiconductor sector, the weekly index reached 4746.0 with a decline of -1.0%, while the Philadelphia Semiconductor Index increased by 1.7% to 5149.8. The Taiwanese Semiconductor Index also saw a slight increase of 0.3% [2][29]. - The report highlights the production commencement of a joint venture factory by HOYA and BOE in Chongqing, marking a significant investment in the production of photomasks for LCD and OLED displays, expected to become the largest production base globally by 2027 [3][52]. Market Overview - The electronic industry saw a weekly performance of +0.2%, with the semiconductor sector declining by -1.0% and other segments like optical electronics and consumer electronics showing gains of 2.0% and 1.5% respectively [1][16][18]. - The semiconductor industry had a weekly transaction volume of 4763.0 billion yuan, ranking it among the top sectors in the Shenwan electronic classification [22]. Semiconductor Sector Insights - The average prices for key chips as of December 13 include DDR4 (16Gb) at $3.14 (up $0.04), DDR4 (8Gb) at $1.46 (down $0.01), and NAND Flash (64Gb) at $4.34 (down $0.02) [36][41]. - Global semiconductor sales reached $56.88 billion in October 2024, reflecting a year-on-year growth of 22.1%, with the Americas showing a significant increase of 54.0% [39]. Consumer Electronics Insights - Smartphone shipments in China for August, September, and October 2024 were 21.1 million, 23.72 million, and 27.88 million units respectively, with year-on-year changes of +17.7%, -25.7%, and -1.1% [44]. - Prices for various sizes of LCD TV panels remained stable in November 2024, with the 32-inch panel priced at $36 and the 65-inch panel at $172 [44]. Industry News - The report notes a decline in the foldable smartphone market, with expectations of continued decreases in 2024 and 2025 due to high market concentration among major brands like Samsung and Huawei [3][53].