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穆迪:美國最新出口限制對中國半導體主要供應商短期衝擊有限
美國政府月初出台新出口限制措施,限制企業進口設備在中國生產16納米及以下級別先進半導體芯片。評級機構穆迪表示,新限制措施旨在於制約中國獲得先進計算芯片、開發和維護超級電腦以及製造先進半導體的能力,認為對台積電(TSM.US)及中芯國際(00981.HK)等中國半導體市場主要供應商有負面信用影響,將削弱該等企業的長期收入和盈利增長潛力。 但穆迪指出,受全球市場強勁需求及產能擴張的推動,新限制措施對穆迪受評的亞洲供應商的短期影響預料有限,其中台積電已獲得豁免。 穆迪又指,雖然措施將削弱中芯的長期市場競爭地位,並降低其收入增長潛力,但受強勁需求和產能擴張推動,未來兩年成熟工藝(28納米及以上級別半導體芯片)仍將佔公司總收入大部分比重,預計未來兩年成熟工藝將佔中芯國際晶圓代工收入的85%以上,因此認為中芯未來兩年將聚焦於成熟工藝的產能擴張。穆迪預測中芯今明兩年年資本支出將達50億美元和45億美元。
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