South Korea is somewhat special semiconductor industry structure. Businesses and DRAM memory chips ranked first ranking the second and the fourth has been sticking to the enterprise. Semiconductor (Foundry) outsourcing production company in the field of logic gates (logical) has powerful samsung electronics and specialization of analog Foundry HiTek exists in the east. Across the soil storage and system in the field of semiconductor all production has been ready.
The construction of these enterprises and the United States financial capital control global companies have very big difference. Exercise absolute influence the largest shareholder of the Owner. By lee kun-hee, chairman of samsung electronics and special party holds a 18.15% stake, samsung also holds a 7.55% stake in life. By lee kun-hee, chairman of samsung life with a 47.03% stake, even if has composed of shareholders council, the Owner's judgment also play a decisive role. SKHynix SKTelecom's largest shareholders with a 20.07% stake. Decision rights focused on chey tae-won and focus on SKC&C holding company system. East east HiTek and east corporation subsidiary construction with a 30% stake has realized the management for the center with the Owner. Others evaluation, said: "South Korea in store this coward game industry can survive is benefiting the secret of decisive trillions of the won's investment decisions and the ability to endure the Owner of the business". In fact, samsung electronics is also the most at the end of the coward game boldly in the storage area of investment.
China, the financial capital strategy of "the water of endless"
After China smartphones listed in 2007, known as the "gray market" shanzhai industry in China began to developed. China plays the role "world factory", use the customer brand (OEM) companies began to popular copying directly surrounding accessories or finished goods industry.
Fortunately, China has since more than a decade ago to folk as the center of the semiconductor. The imitation Taiwan mediatek's spreadtrum communications, red core such applications processor (AP) enterprise; As the government began investing to mobile communication network, huawei appeared again? ZTE, etc. The development of the company. Can be naturally with the foundation of the development of semiconductor. Semiconductor industry related personnel said: "the five or six years ago visited huawei chip development subsidiary haisi semiconductors, already have thousands of staff scale of research and development (R&D) centers. Who already have a lot of coming back from silicon valley".
Last year the Chinese government has built large-scale semiconductor fund plays in this kind of atmosphere makes large-scale device industry investment also becomes possible diversion. This can be overcome by the council for the shareholder capitalism in the center of the line.
China's semiconductor funds including built in Beijing by the central government (BeijingIntegratedCircuitIndustryInternationalFund) to 120 billion yuan (about 21 trillion won) and semiconductor industry training fund (NationalICIndustryInvestmentFundCo., Ltd). In addition, the local government funds. This is not a simple input tax level. Samsung electronics in Beijing also funds invested 10 billion won, Intel is holding a violet light group co., LTD. 20% stake in the third generation of shareholders. Although there are many interests which, with the American financial capital of different nature. Government support has been added to existing enterprise investment become the "water" of endless, like South Korea's chaebol management system of semiconductor industry can boldly. Can be said to be technology, money, and with determination.
Should now start to expand itself. Have been published in a variety of acquisition (M&A) program. China private equity fund union acquired production camera with CMOS image sensor (CIS) enterprise Howe, purple light group co., LTD acquired witten electronics and XMC. M&A is expected to will continue.
Semiconductor market in China has not used like sunlight, light emitting diode (LED) to the glut of this strategy. Cannot be determined because of unreasonable coward game, because the Chinese sun, LED industry experience quivering was too high for semiconductor technology barriers. So far, while pursuing financial capital strategy, on one side.
China's sovereign wealth fund vs us financial capital control, good for South Korea
Last year, China is expected to purchase micron technology plan. Purple light group co., LTD. Purchase ranks third in the world of packaging enterprise SPIL also failed.
The American financial capital there have been many failures in M&A. TEL as applied materials and Tokyo, purple light group co., LTD., with micron technology, micron technology Innotera acquisitions such as no ending trade a lot. With deepening body competition between dinosaurs, contain also become more serious.
South Korea IDM blip in the M&A market. Samsung electronics and SKHynix except the Nand flash memory controller, and other technology to strengthen the investment, to expand their M&A doesn't care. Eastern HiTek just add investment in terms of increasing production. Compared with M&A showed a more committed to the technology of direct investment in equipment, ensure production base.
Although the M&A is no longer popular, but the enterprise's actual performance is very good. Samsung electronics market share in Nand flash memory is still expanding, eastern HiTek a year are running at full capacity.
This trend can be sustained is unknown. Because of economies of scale is play a strong force of industrial clusters. It is said that some Korean enterprise target acquisition listed as commodity MagnaChip. But has not come. Technology and capital accumulation south Korean industry strategy and neatly with M&A from physical training which can survive in the competition in the industry remains to be seen.
