[뉴스] 바이든 행정부, 반도체 섹터 350억 ~ 370억 달러 투입 예상

Barron’s는 “전세계적으로 반도체칩 공급 부족 현상이 발생하고 있는 가운데, 미 정부는 인센티브 제공을 통해 반도체 개발 및 생산을 촉진하려 하고 있다”고 보도했다.

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이에 J.P. Morgan의 Harlan Sur 애널리스트는 “반도체 섹터에 대한 미 정부의 정책은 조 바이든 대통령의 대규모 인프라 프로젝트에 포함될 수도 있다”고 제기했다.

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“바이든의 ‘Build Back Better’ 인프라 법안은 ’21년 상반기 내로 미 의회를 통과할 것으로 예상되며, 하반기를 기점으로 관련 자금이 풀리기 시작할 것이다”고 분석했다.

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“당사는 반도체 섹터에 대한 바이든 행정부의 인센티브 및 보조금이 총 350억~370억 달러에 상당할 수도 있다고 보며, 이 중 180억~200억 달러는 미국 내 반도체칩 생산을 위해, 150억~170억 달러는 반도체칩 연구 및 개발을 위해 투입될 것이다”고 주장했다.

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“당사는 바이든의 반도체 정책으로 인해 수혜를 입을 수 있는 종목으로 Intel(INTC), Micron Technology(MU), Texas Instruments(TXN), Analog Devices(ADI), On Semiconductor(ON)를 선정하며, Taiwan Semiconductor Manufacturing(TSM) 및 NXP Semiconductors(NXPI)와 같이 미 군수 산업과 연관돼 있는 기업들도 수혜를 누릴 여력이 있다”고 설명했다.

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이어 “Applied Materials(AMAT) 및 Lam Research(LRCX) 역시 바이든의 반도체 정책으로 수혜를 누릴 여력이 있다. 미 정부가 기업들에 인센티브를 제공하면서 반도체 생산 기기 수요가 증가할 수도 있기 때문이다”고 제기했다.

 

Stocks That Could Benefit as the U.S. Tries to Fix the Chip Shortage

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원본 내용

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The U.S. Is Trying to Fix the Chip Shortage. What It Could Mean for Semiconductor Stocks.

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As the U.S. government inches closer to funding a batch of incentives and subsidies designed to spur domestic semiconductor manufacturing and research, a J.P. Morgan analyst has figured out which stocks could stand to gain the most from it.

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Amid global chip shortages, triggered in part by supply and demand fluctuations because of the Covid-19 pandemic as well as natural disasters, Congress authorized a series of programs and incentives for U.S.-based chip companies earlier this year. Lawmakers included the programs designed to bolster U.S. manufacturing, research, and development in the National Defense Authorization Act for fiscal 2021, which became law in January, but didn’t provide funding for those initiatives.

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According to J.P. Morgan chip analyst Harlan Sur, it’s likely that funding for those programs may be included in President Joe Biden ‘s infrastructure bill, one of the next priorities for the administration. Sur expects the “Build Back Better” infrastructure plan to pass in the first half of the year, resulting in funding starting in the second half of 2021.

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Sur’s team estimated the incentives and subsidies could total between $35 billion and $37 billion, with about $18 billion to $20 billion for domestic chip manufacturing and $15 billion to $17 billion for chip research and development.

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Based on the current language in the National Defense Authorize Act, Sur wrote in a note published on Monday that he expects integrated device manufacturers based in the U.S. will likely be prioritized when it’s time to dole out funds and incentives.

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Those would include manufacturers such as Intel (ticker: INTC), Micron Technology (MU), Texas Instruments (TXN), Analog Devices (ADI), and On Semiconductor (ON) are all likely to benefit, Sur wrote. Companies that have U.S. defense-related qualifications are well-positioned to benefit as well, he wrote. Taiwan Semiconductor Manufacturing (TSM) and NXP Semiconductors (NXPI), international-based chip manufacturers that operate in the U.S., should benefit too, he said, but to a lesser degree.

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Companies that make chip manufacturing equipment such as Applied Materials (AMAT) and Lam Research (LRCX) should also receive a lift because of higher equipment purchasing resulting from the incentives.

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The PHLX Semiconductor index, or Sox, advanced nearly 2% on Monday, led by NXP Semiconductors NXP, which rose 8.8% to $199.57, and Broadcom (AVGO), which jumped 4.3% to $470.66.

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The Sox has gained 94% in the past year as demand for chips destined for products ranging from appliances and videogame consoles to vehicles and smartphones has outpaced the industry’s ability to produce semiconductors.

“파트너스 활동을 통해 일정액의 수수료를 제공받을 수 있음"