"Miss this round of development, the future is difficult to have a good chance again." Smic as a leading manufacture of domestic chip, vice President of the company hai-jun zhao in the recently held "2016 China's integrated circuit manufacturing convention BBS" on such a speech. As "much starker choices-and graver consequences-in" start to promote the national integrated circuit industry development outline of advancing into the key nodes, the industry elite gathered at home and abroad, the industrial differentiation competition route and capital operation, both at home and abroad to explore integrated circuit manufacturing driving force multiplier.
Corner overtaking opportunities
Although IC belongs to the mature industry in the world, but China's integrated circuit industry growth rate is far higher than global peers, will remain the world's largest market, industry scale more than 360 billion yuan last year. Industrialization promotion center, institute of microelectronics, Chinese academy of sciences, said Wang Hui lian, director of the global semiconductor industry transfer trend is irreversible, to China at the same time, the unbalanced regional development and the rise of emerging field also create opportunities for IC China beat. Microelectronics institute of Chinese academy of sciences, on the other hand, sweet leaf spring also pointed out that the future Chinese capacity of integrated circuits such as cannot expand three to five times, will be difficult to meet the demand of the Chinese market, the development of the whole country will be affected.
According to introducing, the leading technical level comprehensively, with its advanced process technology innovation and development. Compared to the Japanese semiconductor technology in general and the United States, especially in the material, but the overall competitiveness in declining, while European semiconductor unique in their field, but the emerging field of technology innovation.
Long telegram technology as giant domestic integrated circuit packaging test, headquarters Liang Xinfu senior vice President, for example, in downstream of the integrated circuit packaging industry as an example, the main domestic leading companies have double-digit high-speed development, improve technology, quality, management, foreign big customers to the transfer, domestic upstream and integrated circuit design company development is relatively fast, China has made it big in the field of security monitoring become the world's first, its intelligence, communication transmission rate requirements, such as technical improvement, in turn, promote the industry chain enterprises.
However, domestic integrated circuit still lag behind in core products, key technology, among them, the chip manufacturing technology always lag behind the international advanced technology level 2-3 nodes, high-end, key testing equipment and material import dependence is still serious.
Yangtze river storage technology co., LTD., general manager of campaigned for introduction, chip manufacturing difficult to independent research and development, domestic enterprises these setbacks in the past, now should pick up the confidence. IC iterative rapid product technology updates, new storage projects, international giants are also in a state of groping forward, while domestic enterprises have begun to tangible progress. According to introducing, the company has fully 3 d NAND memory chip architecture, related performance parameters are also achieve good performance.
Through continuous r&d, semiconductor device as a key link in the process of chip manufacturing has also made significant breakthrough. According to industry association statistics, 2015 domestic integrated circuit equipment's overall sales income is 4.717 billion yuan, profit of 1.053 billion yuan, up 24.2% from a year earlier, record highs. Micro semiconductor technology, as a leading semiconductor equipment manufacturers, the etching equipment, silicon chip medium hole etching equipment as well as the MOCVD equipment become the international division, the chairman Gerald Yin predicts 2020, the company will maintain 35% annual growth rate. Hai-jun zhao to the securities times reporter said that in the field of manufacturing, target future domestic equipment utilization rate reached 30%.
Compared with high technical threshold field, dow chemical lithography group global President Ding Shuji, said Chinese companies to break can choose IP competition, cost less controllable priority areas, such as in the field of photoresist, raw material market is almost blank in the Chinese market, and capital investment is relatively small.
Capital is uneven and
Wang Hui introduced, from the national integrated circuit industry development promote the outline, after Beijing, Shanghai, shenzhen, and other provinces and cities have issued policy support, set up the industrial investment fund.
Specific view, by the end of 2015, established domestic total 780 government guiding fund, fund of 2.18 trillion yuan. Among them, the new set up last year the government guiding fund 297, funds total $1.51 trillion, almost 2013 funds nearly six times. On the other hand, in the first half of 2016, PE, VC investment scale of semiconductor about more than 200 one hundred million yuan, 400 million yuan, respectively is far behind the Internet and biotechnology industries.
Campaigned for said in the mainstream and cutting-edge chips really want to break, return on investment needs about 10 years. Another dimension, as a capital-intensive industry, national IC industry investment fund (hereinafter referred to as "funds") role is also growing. As of August 31, covering large funds to invest in industry chain enterprises leading the company reached 27, investment projects at 37, promised to invest more than 68.3 billion yuan, promoting social investment more than 150 billion yuan. Among them, the proportion of imports more than a quarter of storage project become a focus. August big fund joint purple light group, wuhan new core such contributions, set up the Yangtze river storage, focus on development of mass storage.
IC operation also need to low-cost financing, enterprise itself needs to be further country special funds to support. Hai-jun zhao, if in accordance with the commercial loan interest rate 5%, combined with industry investment productivity, if you want to cover financial cost will need to achieve 25% gross margin three years, the pressure is quite large.
Industry development also further strengthened the demand and m&a. According to Gerald Yin, if not mergers and acquisitions, will not be able to guarantee more than 30% compound growth rate. According to statistics, in 2015 the international semiconductor mergers and acquisitions investment is worth $120 billion, a record a new record, with China to $7 billion. At the same time, mergers and acquisitions is to enter the international market "pass". Liang Xinfu said that although testing industry in China has developed to a certain size, but domestic enterprises difficult to obtain the opportunity to do international customers. Long telegram technology acquisition last year Singapore's chippac, advanced international testing the first echelon, helps to further expand the customer.
However, the industry environment to Chinese investment is not friendly. Western unisplendour acquisition data in February, one reason is that the United States by the foreign investment review committee. A few days ago, the two sides announced the formation of joint venture. China semiconductor industry association integrated circuit branch, vice President and secretary general Yu Xiekang said international investment cooperation, it is difficult to leading international companies willing to share experience, advanced technology and investment is difficult, compared to some small and medium size, have certain professional advantage is more suitable for international manufacturers.
In addition, the asset securitization in accelerating. Chip materials equipment, seven star electronic $924 million acquisition of the domestic leading high-end north microelectronics semiconductor equipment manufacturing enterprises, listed companies is expected to enrich the product range of large scale integrated circuit equipment, increase profitability. Jacques announcement in August company of science and technology plans to spend nearly $1.2 billion acquisition of Korea UP a 96.28% stake in Chemical company, to fill the domestic blank in the field of semiconductor industry in the precursor. In addition, the IC design field, the micro, red core micro followed the prospectus disclosure, will be landing a-share market. Benefit from the storage market development, flash chip design firms with a local trillion easy innovation listed shares has increased more than five-fold since August.
