CITIC Securities says wafer price increases took effect in Q2 2026 and are
expected to continue in H2 both domestically and internationally. The firm flags
clear shortages in heavily-doped wafers and in overseas lightly-doped wafers;
Domestic lightly-doped producers could benefit from overflow of overseas orders.
CITIC expects the industry may move into a global supply deficit over the next
two years. Investment guidance: favor wafer makers with a higher mix of
heavily-doped products and monitor companies leading 12-inch lightly-doped wafer
shipments.
