9月15日，模拟芯片概念股早盘集体冲高，圣邦股份、思瑞浦、纳芯微3只股均涨超12%，均创5月以来 新高；上海贝岭封板。 消息面上，9月13日，商务部宣布对原产于美国的进口相关模拟芯片发起反倾销立案调查。（第一财经 记者 魏中原） ...

Core Viewpoint - The article highlights a significant surge in the stock prices of simulation chip concept stocks, driven by the announcement of an anti-dumping investigation by the Ministry of Commerce against imported simulation chips from the United States [1] Group 1: Stock Performance - On September 15, simulation chip concept stocks collectively surged, with Shengbang Co., SIRUI, and Naxinwei each rising over 12%, reaching new highs since May [1] - Shanghai Beiling's stock also experienced a strong performance, closing at the upper limit [1] Group 2: Regulatory News - On September 13, the Ministry of Commerce initiated an anti-dumping investigation into simulation chips originating from the United States [1]

Core Viewpoint - The semiconductor sector, particularly the analog chip segment, is currently lagging behind but is expected to see a fundamental uptrend driven by industry and policy trends, with a focus on domestic manufacturers benefiting from a better market environment [1] Group 1: Anti-Dumping Investigation - The Ministry of Commerce of China has initiated an anti-dumping investigation into imported analog chips from the United States, specifically targeting general interface and gate driver products [1] - The investigation covers products such as 40nm and above general interface chips and gate driver chips, including CAN, RS485, I2C, and digital isolator chips used in automotive and industrial applications [1] - The investigation period is from September 13, 2025, to September 13, 2026, with the dumping investigation period from January 1, 2024, to December 31, 2024, and the industry damage investigation period from January 1, 2022, to December 31, 2024 [2] Group 2: Market Impact and Domestic Replacement - The anti-dumping investigation is expected to accelerate the domestic replacement of analog chips, as recent tariff events have increased domestic customers' willingness to switch to local products [3] - Major foreign manufacturers like Texas Instruments (TI) have been aggressively expanding and adjusting pricing strategies to regain lost market share, which has previously slowed the pace of domestic replacement [3] - The anti-dumping investigation is anticipated to create a more favorable market environment for domestic manufacturers, potentially improving their profitability as they benefit from the focus on general interface and gate driver chips [3]

2025-09-14 09:20:13 作者：狼叫兽 从进口数量来看，相关产品进口总量呈显著增长趋势。2022年至2024年，此类芯片的进口数量分别为 11.59亿颗、12.99亿颗和15.90亿颗，增长幅度持续扩大。 此外，中国半导体行业协会与中国机电产品进出口商会也发表声明，表示支持商务部对美相关产品和措 施展开调查。 声明中指出，商务部于9月13日发布公告，决定对自美国进口的部分模拟芯片发起反倾销调查，并就美 国在集成电路领域对中国采取的相关措施开展反歧视调查。我们对此表示坚决支持。 半导体产业的持续健康发展，离不开公平、公正的市场环境。我们主张并鼓励企业通过不断推进技术创 新、加强产业链协同、开展平等互利的国际合作，在市场规则基础上实现良性竞争，共同推动行业进 步。 中国半导体行业协会表示，将积极配合调查机关的工作，坚决维护公平贸易秩序和产业的合法权益。 9月14日消息，昨日晚间，商务部宣布对原产自美国的部分模拟芯片产品启动反倾销调查程序。 根据江苏省半导体行业协会提交的申请材料，涉及的美国企业共有四家，分别为德州仪器、ADI、博通 和安森美。该协会提供的初步证据表明，在申请调查期间，来自美国的相关产 ...

Core Insights - The Ministry of Commerce received an anti-dumping investigation application regarding imported analog chips from the U.S., with evidence showing a dumping margin exceeding 300% and a market share of 41% in China [1][2] - Major U.S. manufacturers involved include Texas Instruments, ADI, Broadcom, and ON Semiconductor, with significant import volumes of general interface chips and gate driver chips from the U.S. [1] - The anti-dumping measures are expected to significantly expand the market for domestic general interface chips and gate driver chips in China [3] Market Dynamics - In 2024, China is projected to account for approximately 35% of the global analog chip market, making it a key revenue source for major overseas manufacturers [2] - The revenue from major U.S. companies like TI, ADI, and MPS from China is estimated at $30 million, $21 million, and $12 million respectively, totaling $630 million [2] - The domestic analog chip leaders in A-shares are expected to generate only 3.35 billion yuan in revenue in 2024, indicating substantial potential for domestic production [2] Impact of Anti-Dumping Measures - According to estimates, the anti-dumping measures could expand the market for general interface chips and gate driver chips in China by 3.3 times and 1.6 times respectively [3] - The projected domestic production for general interface chips in 2024 is 1.18 billion units, with a demand of 3.54 billion units, indicating a significant gap that could be filled by domestic manufacturers [4] - The current import volume of general interface chips is 2.36 billion units, with 1.59 billion units coming from the U.S., representing 67.5% of total imports [4] Company Developments - Several semiconductor companies in Jiangsu, such as Naxin Micro, Sirepu, and Chipeng Micro, are positioned to benefit from the potential market expansion [5] - Tuojing Technology announced plans to raise 4.6 billion yuan for the construction of a high-end semiconductor equipment industrialization base, indicating a strong commitment to the semiconductor sector [5] - The semiconductor equipment sector is expected to see significant growth driven by the AI wave and domestic production demands, with potential for exceeding performance expectations [6]

Core Viewpoint - The Ministry of Commerce has initiated an anti-dumping investigation against imported simulation chips from the United States, citing significant price declines and high market share in China [1] Group 1: Investigation Details - The investigation targets four U.S. manufacturers: Texas Instruments, ADI, Broadcom, and ON Semiconductor [1] - The evidence submitted indicates that the dumping margin for the products in question exceeds 300% [1] Group 2: Market Impact - The products under investigation have maintained an average market share of 41% in China [1] - The total import quantities of these products have shown a significant upward trend, with imports recorded at 1.159 billion units in 2022, 1.299 billion units in 2023, and projected to reach 1.590 billion units in 2024 [1]

Group 1: Trade Relations and Investigations - The Ministry of Commerce of China urges the U.S. to immediately stop unreasonable suppression of Chinese enterprises and states that necessary measures will be taken to protect the legitimate rights and interests of Chinese companies [1][1][1] - An anti-dumping investigation has been initiated by the Ministry of Commerce against imported simulation chips originating from the U.S., effective from September 13, 2025 [1][1][1] - The Ministry of Commerce has also launched an anti-discrimination investigation regarding U.S. measures in the integrated circuit sector, starting from September 13, 2025, based on preliminary evidence [1][1][1] Group 2: Industry Responses - The China Chamber of Commerce for Import and Export of Machinery and Electronic Products expresses strong opposition to the U.S. government's series of prohibitive measures in the integrated circuit sector, citing the misuse of national security concepts [1][1][1] - The China Semiconductor Industry Association supports the Ministry of Commerce's investigations into U.S. products and measures, emphasizing the need for a fair environment for the healthy development of the semiconductor industry [1][1][1] Group 3: Economic Outlook and Industry Growth - The Ministry of Industry and Information Technology, along with eight other departments, has issued a work plan for stabilizing growth in the automotive industry, targeting approximately 32.3 million vehicle sales in 2025, with a year-on-year growth of about 3% [1][1][1] - The plan also aims for around 15.5 million new energy vehicle sales in 2025, reflecting a year-on-year growth of about 20% [1][1][1]

Core Viewpoint - The Ministry of Commerce has initiated an anti-dumping investigation into imported simulation chips originating from the United States, citing significant price declines and high market share in China [1] Group 1: Investigation Details - The investigation targets four U.S. manufacturers: Texas Instruments, ADI, Broadcom, and ON Semiconductor [1] - The preliminary evidence submitted by the Jiangsu Semiconductor Industry Association indicates that the dumping margin for the products in question exceeds 300% [1] Group 2: Market Impact - The products under investigation have maintained an average market share of 41% in China during the application investigation period [1] - The total import quantity of the investigated products has shown a significant upward trend, with imports projected to reach 1.159 billion units in 2022, 1.299 billion units in 2023, and 1.590 billion units in 2024 [1]

Group 1 - The Ministry of Commerce announced an anti-dumping investigation into imported simulation chips originating from the United States [1] - The investigation was initiated based on a request from the Jiangsu Semiconductor Industry Association, which identified four U.S. manufacturers: Texas Instruments, ADI, Broadcom, and ON Semiconductor [1] - Preliminary evidence submitted indicates that the prices of the investigated products from the U.S. have significantly decreased, with a dumping margin exceeding 300% during the investigation period [1] Group 2 - The investigated products accounted for an average market share of 41% in China [1] - The total import quantity of the investigated products has shown a continuous and significant upward trend, with imports reaching 1.159 billion units in 2022, 1.299 billion units in 2023, and projected to be 1.590 billion units in 2024 [1]

Core Viewpoint - The Chinese Ministry of Commerce has initiated an anti-dumping investigation into imported analog chips from the United States, which may benefit domestic manufacturers if punitive tariffs are imposed on U.S. companies found guilty of dumping [2][13]. Group 1: Anti-Dumping Investigation - The Ministry of Commerce received a formal application for an anti-dumping investigation on July 23, 2025, from the Jiangsu Semiconductor Industry Association regarding U.S. analog chips [2]. - The investigation was officially launched on September 13, 2025, after the Ministry's preliminary review confirmed the applicant's qualifications and the impact of the imported products on the domestic industry [4]. Group 2: U.S. Export Controls - On September 12, 2025, the U.S. Department of Commerce added 23 Chinese entities to its export control "entity list," which has been criticized by the Chinese government as a form of unilateral and bullying behavior [5]. - The Chinese government argues that such actions distort the global market and harm legitimate business rights, particularly in the semiconductor sector [5]. Group 3: Market Overview - The global analog chip market was valued at approximately $74 billion in 2021, with major U.S. companies like Texas Instruments, Analog Devices, and Skyworks holding nearly 40% of the market share [8]. - By 2024, the global analog chip market is projected to reach $79.43 billion, with China expected to account for about $45 billion, representing 58.5% of the global market [8]. Group 4: Domestic Industry Landscape - Despite the high demand in China, local manufacturers hold only about 11% of the global market share, primarily in low-end power management chips, while foreign companies dominate the high-end market [8][10]. - The Chinese analog chip industry is characterized by a "large but weak" profile, with many companies generating revenues below $5 billion, in stark contrast to Texas Instruments, which is projected to generate $15.64 billion in 2024 [10]. Group 5: Growth Potential - The Chinese analog chip market is expected to grow to approximately $43.99 billion by 2025, with a compound annual growth rate (CAGR) of 8.32% projected until 2030 [8]. - Domestic companies are increasingly focusing on sectors like automotive and industrial applications, with some achieving significant milestones in chip supply [11].