China's integrated circuit industry will receive m

China's integrated circuit industry will receive multiple support if the army moves with grain and grass

in the view of insiders, the development of integrated circuit industry needs a complete top-level design. The state and industry have realized the shortcomings of China in the integrated circuit industry, especially in the underlying core chips. It is expected that the state may give more support in the field of basic and core chips, which will also become a field for Industry and local competition

the wind rises at the end of the duckweed. An important personnel change reflects that China's integrated circuit industry will again receive multi-dimensional key support. On May 15, Diao Shijing, a former official of the Ministry of industry and information technology, officially appeared as the co president of Ziguang group. This is an important signal. Prior to this, the joint venture between Chinese enterprises and foreign chip giants was approved by the Ministry of Commerce, the second phase expansion and upgrading of the national integrated circuit industry investment fund, and local governments and relevant ministries and commissions conducted intensive research on integrated circuit projects. These signs indicate that the integrated circuit industry will usher in important changes, and the government may give more support in basic and core areas, The spirit of concentrating on major events is expected to push China's integrated circuit industry to a new level

a senior person in the industry said that Diao Shijing's entry into Ziguang group showed that the national level paid more attention to storage and Ziguang. It was found that Ding Wenwu, the former director of the electronic information department of the Ministry of industry and information technology, served as the president of the large fund and the supervisor of Changjiang storage, and Peng Hongbin, the former deputy director of the electronic information department of the Ministry of industry and information technology, served as the vice president of the large fund and the supervisor of Changjiang storage

the person further explained that with the "stationing" of key officials of the Ministry of industry and information technology, Ziguang group will become a "quasi central enterprise", which will be highly consistent with the national integrated circuit strategy in the future development process, so that it will make a strategic layout and investment in line with the national orientation, and truly highlight its position in the industry. Statistics show that since the acquisition of Spreadtrum and radico, Ziguang group has gained a reputation in the integrated circuit industry. When it controls Changjiang storage, Ziguang group has become an important practitioner of the national memory strategy

on the one hand, self-improvement, on the other hand, openness, resulting in a pattern of competition and cooperation. On May 4, Lingsheng technology, a Sino foreign joint venture established by * ST Datang and Qualcomm, was approved by the Ministry of Commerce. Lingsheng technology is positioned to focus on the mid and low-end chip segment with a price of about $100 in the early stage

"next, China's integrated circuit industry will continue to develop with a more open attitude." In this regard, some people in the investment community commented that the approval of Lingsheng technology is only the beginning, and the market competition will be more intense. They put forward more urgent and higher requirements for domestic chip companies, forcing them to move towards innovative development, and also testing the vision of investment funds

innovation of large funds

in addition to personnel changes highlighting the importance of the industry, changes in funds also have this trend

recently, the second phase of the national integrated circuit industry investment fund (hereinafter referred to as "big fund") has attracted much attention. The Ministry of industry and information technology revealed that the second phase of the large fund is being raised, and all enterprises are welcome to participate in the fund raising

according to various interviews with Shanghai Securities News, compared with the first phase, the second phase of large funds has more attractions. First of all, investors will be more diversified. In addition to some investors in phase I and the central finance, the second phase of the big fund will attract more local governments and state-owned enterprises, and will also introduce international integrated circuit giants. Secondly, in terms of fund size, the second phase of large funds is significantly higher than the first phase, about 180 billion yuan to 200 billion yuan

fund investment is the focus of the industry. According to a comprehensive interview with Shanghai Securities News, in view of the scarcity of high-quality integrated circuit projects and in combination with the goal of the national integrated circuit industry development promotion outline, large funds may reinvest some high-quality phase I projects in the future. According to incomplete statistics, up to now, Shandong Sida, a listed high-tech company invested by large funds, is a modern high-tech company focusing on R & D, design, production and sales of experimental equipment, with 24 companies

typical cases such as Changdian technology. Changdian technology disclosed the plan for non-public offering of shares on September 30, 2017. The company plans to issue no more than 272 million shares to large funds, core semiconductors and other non-public offerings, and raise no more than 4.55 billion yuan. Among them, the large fund plans to subscribe no more than 2.9 billion yuan in cash. Changdian technology is the first large fund to support a shares. In January, 2015, the big fund invested US $300million to support Changdian technology to bid for Xingke Jinpeng

the capital market supports

with the continuous support of the state and the development of the industry, the enthusiasm of industrial capital and investment funds for the integrated circuit industry has also increased

recently, annuoqi disclosed that the company and Shanghai lanpuran Investment Center (limited partnership) have increased the capital of joint-stock company Suzhou Ruifa by 100million yuan to build a MEMS (micro electro mechanical system) wafer production line to carry out the R & D and production of print nozzles and drive chips. Annuoqi is a company mainly engaged in medium and high-end differentiated dye products

since 2017, many chemical enterprises have begun to cross the field of integrated circuits. For example, Wansheng shares, which also makes chemical raw materials, acquired 100% equity of Jiangxin Zhiben at a consideration of 3.75 billion yuan in May 2017. Jiangxin Zhiben holds 100% equity of Silicon Valley digital analog, which is a digital multimedia chip company registered in Delaware, the United States. Yake technology disclosed in October 2017 that it acquired 90% of the equity of comet with 2.467 billion yuan and fully controlled Jiangsu Xianke, entering the semiconductor special gas industry. Juhua Co., Ltd. announced in December 2017 that the company, together with large funds and SMIC Juyuan, has established a 1billion integrated circuit M & A fund, SMIC technology

capital is optimistic about the prospects of the industry. In an interview, Yichun capital said that the investment direction they are most interested in now is integrated circuits, and they hope to develop in coordination with industrial capital. Yichun capital has successively invested in integrated circuit companies such as Lanqi technology and Shanghai Xinggong microelectronics

Tang Deming believes that although integrated circuits are hot now, the investment in this industry has the characteristics of high threshold, long cycle and high risk. Capital should not only be prepared for a "protracted war", but also have a high degree of professionalism in order to invest in a truly "sophisticated" technology field. What can be completed by market competition can be handed over to market and industrial capital and investment funds, and the state can invest more support in basic fields, such as basic materials, equipment, EDA (Electronic Design Automation) tools and other fields

need top-level design

on the 15th, Lu Zhiyuan, vice governor of Shaanxi Province, led a team to investigate the integrated circuit industry. Since 2018, ministries and commissions and local governments have "inspected integrated circuits" more frequently, and the enthusiasm of local governments in supporting the development of the integrated circuit industry has increased

for example, Chengdu, which cooperates with Ziguang, is a latecomer in integrated circuits. Following the introduction of "several policies and measures for Chengdu to further support the accelerated development of integrated circuit industry projects" in March, Chengdu announced in April that the key projects in 2018 also include the grofangde 12 inch wafer production base project and the ultra silicon semiconductor production base project. In April, Xiamen issued the "implementation rules for accelerating the development of integrated circuit industry", which will set up a Xiamen integrated circuit industry investment fund with a scale of no less than 50billion

according to incomplete statistics in Shanghai Securities News, since 2014, more than 14 provinces and cities, including Shanghai, Jiangsu, Fujian and Hefei, have introduced integrated circuit industry funds with a total amount of more than 500billion yuan. For example, Shanghai launched an integrated circuit industry fund with a total amount of up to 50billion yuan

according to the fair design of insiders, the state and industry have realized the shortcomings of China's integrated circuit industry, especially the underlying core chips. It is expected that next, the state may give more support in the field of basic and core chips, which will also become the field of industry and local competition

Tang Deming emphasized that the development of integrated circuit industry still needs a complete top-level design. "Although we now have a promotion outline and a large fund, promoting industrial development requires an organic overall plan, involving talent training, industrial ecological cultivation and other aspects, which requires overall planning."