Integrated circuit industry is regarded as high-end manufacturing, especially in the core of the electronic information industry. In September 2014, under the guidance of the ministry, the ministry of finance, national IC industry investment fund (also decorated fund) formally established, the fund is believed to carry the support Chinese enterprises to catch up with Europe and the United States mission in the IC market. Under the big fund huge investment industry preliminary formation with purple light, smic and long telegram technology for leading the national team. This year, large funds will continue to send force, driving the development of China's integrated circuit industry into the fast lane.

In 2015, is a national integrated circuit industry investment fund intact (also decorated fund). Since big fund set up more than a year of practice work, big fund goes well, the work effect is significant, and achieved a good start.

This year, the fund investment in the field of manufacturing will increase by 45% last year to 45%, and will continue to support the development of IC industry leading enterprises.

What's more, the funds will be even more aggressive in its support of the integrated circuit manufacturing and development of the characteristic of integrated circuit, key storage projects, and will focus on support characteristics of semiconductor, the main direction of gallium arsenide and gallium nitride, are likely to support future field of silicon carbide.

Investment to cover major link of industrial chain

Achieve organic combination of national strategy and the market mechanism is a large fund general operating principles, in terms of the specific investment mainly by direct investment primarily, can also be through indirect investment to support the development of industry related aspects, including small micro enterprise. Established at the same time, large funds to help local funds or helping leading enterprises set up a fund, have the effect of enlarge or move.

Up to the end of December 2015, the big fund accumulative total 28 project investment decision-making, total investment commitments quota of 42.6 billion yuan, the actual investment of 26.2 billion yuan. In integrated circuit manufacturing, design, assembly, equipment and material proportion of the total investment amount of the commitment of each link, respectively, 45%, 38%, 11%, 38% and 11%.

In the field of chip manufacturing, big fund work mainly revolves around three aspects: one is to focus on advanced technology, vigorously support the leading enterprises in smic, and accelerate the construction of the 12 inches production process; Two is around characteristic process, support the construction of the hangzhou silan micro 8 inches production line; Three is in the field of compound semiconductor, focus to support the construction of the three Ann photoelectric.

In the field of design, key large funds to support the leading enterprises such as purple light communication, zte microelectronics, enhance its competitive advantage in the field of mobile communication, also supports the beidou navigation, domestic printer chip niche industry advantage enterprises, but also investment in parts of the design on the open market, overall revenue to balance funds.

In the field of testing, large funds to cover the long telegram technology, rich micro electrical and alex three backbone enterprises of science and technology, support its in cross-border m&a, improve the level of advanced packaging test and production capacity, guide the three companies play a comparative advantage in differentiated competition. In addition, the big fund will also support the equipment, materials, support IC ecological construction area, etc.

Leverage effect is obvious

Through large funds investment, we are also delighted to see the effect of the enterprise. For example, smic 28 nm has achieved production; Spreadtrum technology for the first time into the world's ten biggest design; Long ling technology through its acquisition of Singapore enterprise, become the closed beta 4.

According to statistics, in the past more than a year of time, a big fund in Beijing, Shanghai, shenzhen, jiangsu and other community investment accounted for 80%. At the same time, the big fund has also invested a total of 10 regional (city), wuhan will become this year's big fund key support object.

Big fund leverage effect is obvious: on the one hand, large funds with relevant plans, resources, and support, with the national science and technology major projects to support projects accounted for 68% of its big promises fund investment; Son, on the other hand, by participating in fund set up, where the fund has been far more than 100 billion yuan, among them, Beijing, Shanghai, hubei has reached 30 billion yuan, 50 billion yuan and 30 billion yuan respectively.

At the same time, the big fund impetus of social financing also exceeded 100 billion yuan. Led through the big fund set up by the finance company, has also reached 60 billion yuan financing credit lines.

In addition, funds with capital as the link, through the guidance and the leverage, boe, purple light, three pan in the field of semiconductor companies such as Ann also entered in the field of integrated circuit, power and power injected new development for the industry.

From the "covering" to "breaking point"

This year, large funds will continue to implement the national integrated circuit industry development to promote outline, adhere to the principle of market-oriented operation, professional management, and further perfect the work mechanism, intensify investment in chip manufacturing, investment layout from "covering" to "point break", investment focus from "pay attention to the investment before" to "cast before and after".

The first is to seize the memory such as a number of major project layout. Every year China imports a quarter in the IC chip is memory. This is a huge demand, if completely dependent on overseas supply, the industry development and information security, is a lot of constraints and challenges. So big fund memory as a national strategy to promote, first establish storage base in wuhan, investment of up to $24 billion.

Secondly to support smic and other leading enterprises, and improve their ability of sustainable development. In 2015, the big fund has support for smic, this year will also consider to support other large leading manufacturing companies, such as Shanghai huahong.

After the third is to strengthen the investment management, ensure the phased investment target.

The fourth is to further promote investment and financing and forming force of industrial development, explore the foundation of scientific development. In this regard, the effective combination of industry and capital is very important.

At present, China's electronic information industry has begun to take shape, the production has reached the world's first. In mobile phones, for example, last year the country produced the 1.81 billion units, smart phones reached 1.4 billion units, growth is around 10%. In terms of computer, last year produced 314 million sets in our country, on television, produced a total of 145 million units, of which 840 million are smart TV.

At the same time, cloud computing, Internet of things, big data, including smart grid, smart transportation, new energy vehicles, such as industrial control market is booming. In addition, new technology and new material is also worth attention, such as carbon nanotubes and graphene new materials will continue to move forward.

It is worth mentioning that in mergers and acquisitions in China the number is not enough, about 56 billion dollars last year, and the world is more than $1000, so will intensify the efforts, hope that the industry focus on international cooperation, including the international mergers and acquisitions.