ASML releases second quarter 2024 results with total net sales of €6.24 billion,down 9.5% year-on-year; Net profit after tax was 1.578 billion euros, a year-on-year decrease of 18.7%, and gross profit margin was 51.5%.New net orders during the period were 5.6 billion euros, of which EUV orders were 2.5 billion euros.

Performance Outlook: Q3 net sales will be 6.7-7.3 billion euros, with gross profit margin maintained at 50%-51%; full-year sales will be basically the same as in 2023, and gross profit margin will fall slightly.

Industry sources revealed that Samsung has temporarily suspendedPyeongtaek P4 Factory PH2 wafer foundry production lineConstruction, adjust the order of factory construction, and prioritize the construction of PH3 DRAM memory production line.

Affected by the pressure on its foundry business performance, Samsung adjusted its production capacity strategy, suspended investment in foundry lines, and concentrated its limited resources on high-prosperity storage tracks such as HBM and DRAM to continue to consolidate its leading position in storage.

SK hynix next generationHBM4 memory, will adopt TSMCN5 advanced technologyThe basic die is produced; the 12-layer stacked version is expected to be mass produced in the second half of 2025.

TSMC is simultaneously preparing two substrate dies, N12FFC + economical and N5 high-performance, respectively adapted to different positioning HBM4 products; the logic wafer factory enters HBM substrate foundry, markingDeep integration of logic and storage manufacturingThe trend is accelerating.

Counterpoint data shows that global PC shipments increased by 3.1% year-on-year in Q2 2024, reaching 62.5 million units, marking two consecutive quarters of positive growth.Market structure: Lenovo, HP, and Dell are firmly in the top three, and their share rankings are basically stable.

Institutional prediction:The second half of the year is a critical window period for AI PC competition, high-priced models were first driven by enterprise demand, and then gradually penetrated into the consumer market; PC shipments are expected to maintain a growth rate of about 3% throughout the year.

The market for passive components is picking up, and chip resistors have entered a stock replenishment cycle.Global Leader Yageo Season 3Niche resistor utilization rate rises to over 75%, general resistance challenges more than 65%.

Benefiting from downstream replenishment and product structure optimization, Yageo's chip resistor business is steadily improving, and it continues to benefit from the industry's recovery with a 34% global market share.

Silicon carbide substrate manufacturer Tianyue Advanced released its half-year performance forecast:Revenue in the first half of the year was 880-980 million yuan, doubling year-on-year; net profit was 100-110 million yuan,Successfully turned losses into profits year-on-year。

The core logic of performance growth: New energy vehicles and wind and solar energy storage drive a surge in demand for SiC; new production capacity in Lingang is released, conductive substrate production capacity and delivery capabilities are greatly improved, and cooperation with first-tier manufacturers is deepened, and capacity utilization and profitability are significantly improved.