Longse Promoting Hikvision Partner Fullhan Chip Based Cameras
With Huawei HiSilicon production being shut down at TSMC, camera manufacturers are pressed to find alternative SoC solutions. Longse, a China manufacturer, is now promoting its switch from HiSilicon to Fullhan chip cameras.
While Fullhan is not well known in the West, most of its sales go to Hikvision.
In this report, we examine:
- Longse's new Fullhan offerings
- Fullhan's background, including its partnership with Hikvision
- Fullhan v. HiSilicon
- Recent challenges for HiSilicon and China semiconductor industry
- Risks and opportunities
Longse ****** ** ******* *** *** *** ***** *******
** ******* *, ****, ****** ******** its *** ******* *** ******* ** its******** ******** *** ********* *******, ******* *****:
****** ********* ** **** **** ** is ********* *** "*****" *******' ********* ***** **** ******* chips. ****** ** **** ********* *** "***" *** "**" ****** ****** *****, *** **** be ***** ******** ****** **** *******:
*** "*****" ****** *** ******* **** HiSilicon ***********/********* ** ******/******, ***** *** "Pro" ****** *** "**" ****** ******* from ********* *****/*****/***** ** ********'* ******/******. The **** ****** [*** **** ******] is **** ********* ***** **** ******* supply ******. '
****** ********** ***** *** **** ***** Fullhan ********* **** ******, ******:
******* *** **** ****** **** *** a ****** ** *****, *** ***** quantity *** ****** ***** *** *** insignificant. **********, *** **** ******** ** its ****** **** ** ********* *** Ezviz [* **** ******** ***** ***** by *********], ** ***** ****** ***** is ********** *****. ***** * ****** of ***** ** ***** **** ** Hikvision ********, ******* ****’ ********* *** reliability *** ****** ****.
***** ******** ******* **** **** **** most ***** ************* **** **** ******* on ***-********* ***** *** ****** ***, this ** *** ***** **** ** have **** * ************ ******* ******* chips *** ******* **** **** ***** is * ****** ****** ** ******* from ********* ********** ********.
Fullhan **********
******'* *** *** *******,******** ******* **************** **., ***, *** *********** ** ***** **** and ****** *********** ** ********************* ********** *** *** ****, ******** ******* **** ***** ***** for**** ******* ******** *******(******, **** ********, ***** *** ******, etc). ******* *** **** ********** ****** on *** ******** ***** ******** ***** 2017.
******, ******* ******** ****** ******* ** ~522 ******* *** (~$**.* ******* ***) with **.**% *** ******. *** ****** profit ** **** *** ~** ******* RMB (~$** ******* ***) **** **.**% YoY ******.
******* ******** ~*** ******* *** (~$**.* million ***) ******* ** ***** **** ********** **.**% *** ******. *** ****** in ** **** *** ~** ******* RMB (~$*.* ******* ***) **** **.**% YoY ******.
**-**%** *******'* ****** ******* ***** **** its ******** ******** (****** **** *** SoCs). ******* ******** * ********** ***** (~68%) ** *** ******* ** ****** from ******** ******** ** ** **** due ** *****-** ******* ** *** industry ** ***** ****. ******* ****** derives *** ******* ************, **** **% of ******* ****** **** ******** ***** and **% ********.
Fullhan *** ****-**** ************ **** *********
******* ** **** ******* *** *** long-term ************ **** *********.*********'* **** ****** *********** *** ******* *** (~$** ******* USD) ** ********* **** *******, ********** for**.*% ** *******'* ***** ***** ** 2019.
**** *******, *********’* **** ******** *** 2nd ******* *********** ***********, ** *******’* ********, ** ******** in *********'* **** ****** ******.
**** *******’* ****, **** ******* ** a ***** ******* ***********, **** **.**% of *** *******’* ******.
******* *** ******* * **** ************ with ********* ******** ******* ** **** stable ******* *** ** *********** ** work **** *** ******* ****** ************ in *** *****.
Fullhan **** ** ********** *** ***-*** **** ********* *****
*******'* ********* *** ********* **** ** substitute *** *** ** ***-**** ********* chips, *** *** **** ******** *****. This ******** *** ****** ** ***** HiSilicon *** *** "*****" ******, *** is ****** *** ******** **** ** its **** ******** "**" *** "***" series.
****** ** *** ***** *******'*******/*********, ***** *** *** *******'* **** advanced *******, **** ****** ********** *.*** format ******** ** *** *** ****** at * **. ****** ** ********** to *** *************** ******. ***** ****** ** *** **** advanced ****** **** ******* ******, *** HiSilicon ********** ** ********** ***-****, ** HiSilicon ****** ******** ******* (***********,***********) **** *** ******* ****** ********** cameras. ******/**** *** *** **** *** Fullhan **** ********* **** ***** *.*** encoding, ***** *** ** *********'* ***** can ******* *.***.
Recent ********** *** ********* *** ***** ************* ********
****** ********* ** ******* ** ** outcome ** ****** ********** *** ********* and *** ***** ************* ******** ** a ****** ** ************ ****** ** trade ************. ****** ************* **** **** looking *** ************ ** ********* ***** since********* ********** *** **** ****** ****** ************* ************* ******* (****) this ****** *** ** ** ***** restrictions. ********* ***** *** *** ***** a ****** *********** ** ******* *** chips, ************ *** **** ******** *****. While ** *** ********** ********* *** its ***** *********, ****** ************* **** it **** ** **** ** *** promote ***-********* ******* ** *** ********* situation **** *** **** **** ** will ********* ** *** **** ******.
********* ** ************ ********* ************* ************* International *********** (****), *****'* ******* *** **** ******** foundry, ******* *********** **** *** *****'* relatively ************** ************* ********, ******** ******* have **** ****. ******* **** ********* are *** ******** ** ***** *** a ******* **** *** ** ********** of ******** ****** ********* ** ********** for **** ***. ** ****'* ********** capacities *** ********, **** **** ****** focus ** ********* *** *** ****** customers, ******* ******* ******** ***** **** companies **** ****** ******, ******** ************* say. ****** ********* ***** ****** ** price ********* *** ************* *** ************ downstream.
Longse ********** ***** *******
***** **** ******* ***** **** ****** could ** ******** *** ******* ** SMIC ********** ******, ****** **** ******* is * ********** *********** ******* *** SoCs *** **** ** ****, *** not ****. ****** **** ******* *** that *********, ** *******'* ******* ******** partner, *** **** ******* **** ****** for ******* ***** ** **** *** months ***, ** ******* *** *** ample **** ** ****** ** ****** demand. *******, ****** ** ********** **** they **** ******* *** ***** **** need ** **** ***** *** ****** issues ******* ******'* ****** *** ******* chips ** **** ** *** ***** of ***,***, ***** *********'* ****** ** about **** ****.
Risks *** ************* *** ******
****** ** *** ** *** ***** manufacturers ** ********* *** ********* ************, which ** ******** ** ** * result ** ************ ****** ** ***** restrictions. ***** ****** *** **** ***** to **** *** ********* * *** SoC **** *** *******, ** ***** faces ***** ** *** ** ****** more ***** ************ ** *** ***** semiconductor ********. *******, ******* *** *** enjoyed *** **** ******** ** ********* in *** ***** ************ ********. ** is ******* *** *********** *** ***-***** will ***** ** *******'* ***********.
*******, ** ** ******** **** ****** has ******* ** *** **** *** of *** ***** ************* ** ******** market ** *********** ** *********, ********** following **** ** ********* ****** *********. Longse **** ******* ****** *** *** customers **** *********-******* ***** ** *********** moving **** **** ********* ****** **** waiting ** *** ** ********* ** able ** **** * **** *********** to ****. ***** ******* ** * relatively ***** ***** **** *******, ** enjoys * ****-******** *********** **** *********, and ****** **** ** **** ** benefit **** *** ******* ******* ****** through *** ************ **** * *** player ** *** ***** ************ ********.
**** ********. *** * ***. **`* intersting, **** ********* ***** **** ** grow **** *** ******* ** **** Vimicro?
** ****, ****** *** **** *******! I *****'* **** *** ************* ********** market *** ***** ******** ***** ************ that *** ********* ***** (****, *******, Vimicro) *** ***** ****** **** **** reasonable ** ************* *** ***** **** out **** ********* ** *** ****** but ***** **** ***-**** *****. ****** designers **** ******* *** ***** *** possible ************ ***.
* **** **** ** ** **** research ** *** ***** **** ********* and **** ** ***** **** ***** this ***** ********** ** ** ***** seeing **** ************* ** *********'* ********** shut ****. ** **** ******* ** how **** *** ***-********* ***** ******* and ** **** *** ***** * good ********** *** *********. *** ** know ** *****'* * ********** **** maker **** ****** ***. * ** happy ** ********.
** ********, *** **** ***** ******* status *** ** * **** ********* companies ****** *** ***** **** ******** isp, *** ** *** **** **** ago, ** **** ******* **** ******** isp *** ** ****** ** ** a **** * **** *** ***** isp *** *** *******. **** ** interesting **** ******** **** **** ** compete ** ***. **** **** *** good ********** ** *** *********** *** dvrs *** *** * *******.
**** ****.
********** ***** ** ********** ** **** information ** **** *******. ** **********, more *********** ** ***** ************ ********* Mstar *** *******. ****, ***** **** designers/manufacturers ** *** ***** **** ******* the **** **** **** *****? ***** also ** ********** ** *** ********** information ***** ******* *********** ******** ** HiSilicon ********. ***** ******* ******, *** showed ** ** *** ***** **** we **** ********** **** **** *****. :)
******, *****. * ** ********** ********** in ******** **** ***** ***** *** Novatek ***-- ************ *******. **'** ***** a *** ***** **** ** *** HiSilicon ********** ****** ******* ********* **** summer, ** ** *** ******* ** learn **** ***** **** *** ******* their ******* *** ******** *** *** readers.
***** ****! ******!
*** ***** ***** **** *********** ******* replacing ********* *** *** *** *** product?
** *******, **** *** ***** *** report ******. ****'* * **** ********, because, **** ** *************, ********* **** *** *** ******* ******** ** chips *** ***/***.
******* **** ****** *** *** *** chips, *** ** ******** ****** *** told ** **** ****** *** **** 6 ****** ***** ****** ** **** Fullhan ***/**** ** *** ******. **********, Fullhan ***/**** ********* *** ***** **** mainly **** ** *********.
*'** **** ***** **** ******** ** NVR/DVR ******* *** ***** ******** ***** ********** **** ********* * few ***-***** ************, ********* ***** ***********, Marvell, *** ******************. * **** **** to **** **** **** **** ** see ******* ***** ************ *** ***** frontrunners *** ** ***** *** ******* China ** ****** ************ ***** **** Fullhan.
** ***,
** **** ******* ****-********* ****** **** to ******** * ******* ** * very *** ******** **** **** ** the *****. ***** ****** **** **** will ** ******** ** *** ** in * *** ****** *** ******* to *** **** **** ** *** there. * ** *********, *** **** it ***** **** *** ****** **** be *********?
*** ********* ** **** *** ******** NDAA *********. ** ****** *** *** are ******* **. ** ****** ** and ******** ** ** *** ***** Huawei, ******* ******'* *-****. **** ****** on **** *********** ** *** **** week ** ***.
"******* **'** *** ** **** ********."
(* ***** ****'* * ***** ****** if *'** **** ***** ** ***!)
********, **** ****! ** ****** *** ideas ** **** ********** ***** ****** for ******** ** *****, *** ** know.