MICROGATE(SZ:300319)2022-12-05 06:34Group 1: Company Overview - The company is Shenzhen Micron Technology Co., Ltd., with stock code 300319 and abbreviation "Micron Technology" [1] - The investor relations activity took place on January 4, 2017, from 10:30 to 11:30 AM [2] Group 2: SAW Filter Technology - Surface Acoustic Wave (SAW) filters are essential components in mobile communication, allowing specific frequency bands to pass while blocking others [3] - SAW filters are primarily used in mobile RF front-end modules, particularly in smartphones, and are becoming mainstream in high-end products across various electronic fields [3][4] Group 3: Market Demand and Growth - The rapid development of mobile communication technologies has led to explosive growth in SAW filter usage, with a significant increase in demand as networks evolve from 2G to 4G and beyond [4] - The global smartphone shipment reached 1 billion units in 2013, with a surge in 4G smartphone shipments in 2014 [5] - By 2015, global smartphone shipments were 1.4329 billion units, with a projected growth rate of 7.9% annually, expected to reach 1.9 billion units by 2019 [6] Group 4: SAW Market Capacity - The estimated market demand for SAW filters is projected to be 28.658 billion units in 2015 and 38 billion units in 2019, with corresponding market sizes of $2.8658 billion and $3.8 billion [7] - Each smartphone is estimated to use 20 to 50 SAW filters, with a unit value ranging from $0.1 to $1 [6][7] Group 5: Competitive Landscape - Major competitors in the SAW filter market include Japanese companies Murata, Taiyo, TDK (EPCOS), and WISOL from South Korea [9][10] - Murata is the largest global supplier of SAW devices, while EPCOS is known for its advanced technology in SAW components [10] Group 6: Production Capacity and Investment - Micron Technology's SAW project is expected to reach a production capacity of 940 million units by 2019, which is only 2.47% of the global annual demand [8] - The company is currently in the small-batch trial production phase, with investments aimed at accelerating production and market entry [11][12]