Micro-day skyrocketed 548% | is speculation or real power?

1. National Science microblogging soaring 548% is speculation or real power? 2. Kuiquan photoelectric performance not up to IPO invisible red line net profit decline did not control people; 3. Spectrum Rui Q3 revenue increased 37.59%, optimistic about the mainland panel ownership The rate of amplification; 4. Tech and Eastern Silicon Microelectronics joint efforts in China MEMS microphone wafer market; 5. Tianjin Dongjiang CMC and Xinxin lease signed a memorandum of cooperation; 6. Shunyi Beijing to build the third generation of semiconductor innovation industry Agglomeration area

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1. National Science micro-day skyrocketing 548% hype or real power?

Financial website November 1 hearing, the strong concept of the chip and semiconductor sector, National Micro (66.57 + 0.86%, Clinic), Fu Han Micro (202.60 + 0.52%, Clinics) and other stocks a strong daily limit of its China Branch Micro Since the July 12 IPO, 112 days skyrocketing 548% from 10.18 yuan Biao today's closing price of 66 yuan, boarding the Billboard 24 times.

National Micro is one of the leading domestic chip companies, in the field of radio and television chips have many years of technology accumulation, in recent years actively explore emerging products, has invested in research and development of network camera chips, solid state storage device management chips, the Internet of Things chips.

According to the analysis of this rise in the main driving force comes from the three quarterly newspapers .25 integrated circuit listed companies all disclosed three quarterly reports, of which 16 the first three quarters of the year-on-year growth, Siu Yi innovation (163.12 suspension, consulting), Silan Micro (10.24 -1.44%, clinics), the National Science Micro 7 companies such as the first three quarters more than doubled the performance increase.

According to the analysis of the industry, after more than 20 years of support and accumulation, China's IC industry has entered the mode of "application-driven growth" under the circumstance of a booming global integrated circuit. The innovative and high value-added subdivision application will become a chip The main driver of the company's performance growth.

Earnings can hold up the stock price?

From the earnings report, the third quarter of this year, the National Micro only realized a positive net profit of 4.54 million yuan, the first two quarters were more than 20 million yuan loss, this country Micro explained that the company's operating income is unevenly distributed in all quarters Characteristics, the company's main product sales season are the fourth quarter; the same time, the company focused more on new products in the fourth quarter of mass production and put on the market. For now, the first three quarters of the year-on-year revenue growth were negative, price-earnings ratio as high as 1200; The fourth quarter to reach the level of last year, P / E will also exceed 100. According to the Shenzhen Stock Exchange data, the GEM average price-earnings ratio of 53.13, in fact, is high.But for science and technology and other growth companies, high price-earnings ratio tends to exist Expectations for future performance.

Stand on the tuyere take off?

With the rise of concepts such as Internet of Things, 5G and artificial intelligence, the related chips and the semiconductor industry have recently become the new outlet, and one of the leading chip makers in China also has a strong trend.However, if we look at the revenue figures disclosed in the earnings report, Regardless of income or profit, the traditional advantages of television broadcasting chips and security chips still contribute more than half, and is in the outlet of the IOT series chip products revenue 4883600 only 4% .Show the National Micro-though is the domestic chip industry One of the leading, but the current main business is still the majority of the traditional chip business, and the current outlet is not entirely consistent.

National Micro-micro in June 2017 revenue data

However, it should be noted that, according to the analysis of the industry, the number of scientific and technological personnel of the National Micro-micro more than 300 people each year invested heavily in the purchase of patents integrated research and development, with industry-leading research and development speed and ability, while the liquidity is very strong. Chip research and development, revenue of 28.9 million yuan in 2015, revenue of 186 million yuan in 2016. The solid state memory chip business, 2015 revenue or zero, 2016 revenue is 70 million.

At present, NSK has invested a large amount of funds in researching and developing IoT chips, and the performance of its financial data does not fully reflect the status quo of the company. It is foreseeable that with the coming of the Internet of Things in the 5G era, ITC will show its strong growth. This point has also been affirmed by some agencies, Haitong Securities (14.44 +0.35%, clinics) that the National Science Micro is a new semiconductor design domestic manufacturers, relying on the technical strength of the market recognized.Company from 2013 to 2016 compound year The growth rate of up to 55%, return net profit compound average annual growth rate is even more as high as 69%, the company gross margin level has remained at about 50%, maintaining a very good profitability Forecast 2017-2019 revenue Net profit of 8.95, 14.36, 18.85 billion respectively, net profit attributable to the parent respectively 0.91, 1.36, 1.72 billion, EPS 0.81, 1.22, 1.54 yuan.But at the same time Haitong Securities only gives a more rational PE 40 times the valuation corresponding to the target price 32.40 yuan, to a certain extent, shows that the product needs to remain calm before it is fully realized.

Hot list of hot money surfaced!

Continuous soaring situation also caused the company's attention, the National Science Microelectronics on September 20 to apply for suspension of self-examination, to resume trading on September 25, 2017, and issued a "stock suspension verification announcement," said there is no fundamental change, does not exist Important issues not disclosed, the company believes that the recent share price increases and the secondary market capital flows into the company's industry sector.

From the trading data on board the billboards, the large turnover of the stock sales department are well-known hot money based on the unit outstanding shares outstanding 2794 shares, fewer shares, the stock price is easy to manipulate. Song Ching-fai of the thinker speculates that the funds for the sub-IPO generally prefer to be listed shortly and the market capitalization is obvious. The new shares, together with the special attributes of some sub-shares themselves, are more likely to be sought after by funds , But also achievements related to the soaring effect of new shares.

2. Kui Quan Optoelectronics performance less than the IPO invisible net profit decline did not control people;

China Economic Net Editor's Note: On November 3, the 17th issue audit committee of the CSRC will hold the 24th issue audit committee working meeting in 2017. The audit of the huge Quan Optoelectronics Technology (Shanghai) Co., Ltd. (hereinafter referred to as: Juquan Photoelectric) starting application.

Kui Quan Optoelectronics's main business is the research and development, design and sales of smart grid terminal equipment chips, the main products include energy metering chips, carrier communication chips and smart meter MCU chips, etc. The Company respectively announced on June 24, 2016 and 2017 10 Month on the 23rd submitted to the initial public offering prospectus, intended to be publicly listed in the Shanghai Stock Exchange no more than 14400000 shares of this company to raise funds invested 263,645,500 yuan for high-precision DC measurement chip development and industrialization projects, based on the 32-bit MCU Industrial Internet of Things communications control program development and industrialization projects. Kui Quan photoelectric IPO sponsor for the State Securities.

Prospectus shows that from 2014 to January-June 2017, the company's operating income was 1.47 billion yuan, 150 million yuan, 163 million yuan, 87 million yuan, net profit was 39.72 million yuan, 35.17 million yuan, 34.65 million yuan , 15.09 million yuan, after deducting non-recurring gains and losses attributable to the parent company's net profit was 29.37 million yuan, 22.96 million yuan, 22.42 million yuan, 14.18 million yuan.

The above data show that the company for three consecutive years after deducting non-recurring gains and losses attributable to equity holders of the company's net profit was less than 30 million yuan, that is less than the ipo invisible red line.Reported that despite the 30 million net profit Although the threshold is not an absolute hard-line companies to declare the IPO, but from this year's IPOs are no data, the net profit of less than 30 million is still more difficult to meet the huge optical deduction of less than 30 million yuan non-net profit hit the Shanghai Stock Exchange motherboard Face no small pressure.

Net profit of the Company declined during the reporting period from RMB39.72 million in 2014 to RMB15.09 million in Jan-Jun 2017. The Company also said in its prospectus that its net profit in the future may not be able to maintain its sustained growth or even face The risk of a sharp decline.

Prospectus shows that the company's shareholding is relatively decentralized, there is no controlling shareholder and actual controller.As of the date of prospectus, the shareholders holding more than 5% of the company's equity Kumasu Hongkong, Gao Hua Investment, Dongsheng Investment and Actions Semiconductor Holding respectively held The shareholding of 22.65%, 11.67%, 10.76% and 8.75% of the Company is decentralized, which leads to some instability in the shareholding structure, which may cause the future ownership structure of the company to change, thus affecting the stability and continuity of the company's operating policies. The Company Faced with the risk of decentralized ownership.

In response to the above content, China Economic Network interview Kui Quan Optoelectronics Secretary Office, as of press release did not receive a reply.

Net profit after deduction non-profit ipo invisible red line

Prospectus shows that from 2014 to January-June 2017, the company's operating income was 1.47 billion yuan, 150 million yuan, 163 million yuan, 87 million yuan, net profit was 39.72 million yuan, 35.17 million yuan, 34.65 million yuan , 15.09 million yuan, after deducting non-recurring gains and losses attributable to the parent company's net profit was 29.37 million yuan, 22.96 million yuan, 22.42 million yuan, 14.18 million yuan.

The above data show that from 2014 to 2016, the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses for three consecutive years was less than 30 million yuan, ie less than the ipo invisible red line.

Reported that in the case of corporate profits is not prominent, the IPO was actually the Shanghai Stock Exchange IPO board.Although the 30 million net profit threshold is not an absolute hard-line companies to declare an IPO.However, the data from this year's IPO is no, the net Profits less than 30 million in the meeting is still more difficult.This time, Kui Quan photoelectric non-profit less than 30 million yuan break through the main board, will face no small pressure.

Net profit fell

The prospectus shows that the net profits attributable to the shareholders of the parent company achieved by the Company in 2014-2017 are RMB39,718,100, RMB35,170,600, RMB34,651,800 and RMB15,088,700 respectively, after deducting non-recurring gains and losses Net profit attributable to shareholders of the parent company was RMB29,369,330, RMB22,958,500, RMB22,416,300 and RMB14,181,700, respectively, but declined during the reporting period but stabilized.

The above data show that the company's net profit decreased during the reporting period from 39.72 million yuan in 2014 to 15.09 million yuan in January-June 2017.

The Company said the decrease in net profit in 2015 and 2016 was mainly due to: 1) The Company stepped up its R & D efforts on broadband carrier chips and meter MCU products, and increased R & D investment. However, the relative lag in market sales lags behind the sales revenue And profits; 2) the market competition pattern was undetermined at the beginning of the report period and the price competition was fiercer. In 2015, the selling price of energy metering chips, especially the three-phase metering chip products, dropped further in 2015 and the competitive landscape has basically taken shape since 2016 Decreasing from 2015 to 2015; from January to June 2017 As the sales volume of high-margin carrier chip products continued to grow, the Company's operating profit and net profit after deducting non-recurring gains and losses steadily picked up.

The Company suggests that risks, other than market competition and R & D investment, will affect the profitability of the Company. In addition, there are many factors that are closely related to the development of the industry, industrial policies and channel development. If the above factors undergo significant changes in the future, the Company's net profit May not be able to sustain sustained growth and may even face the risk of a sharp decline.

Company without actual controller

Prospectus shows that the company's shareholding is relatively decentralized, there is no controlling shareholder and actual controller.As of the signing of this prospectus, the shareholders holding more than 5% equity of the company Kui Quan Hongkong, Gao Hua Investment, Dongsheng Investment and Actions integration respectively There are 22.65%, 11.67%, 10.76% and 8.75% equity of the company.

As of the signing of this prospectus, the company a total of 30 shareholders, of which the proportion of shares of more than 5% of a total of 4, the largest shareholder Kui Quan Hong Kong share of 22.65%, the second largest shareholder of Gao Hua investment holding ratio 11.67%. The third largest shareholder, Dongsheng Investment, holds 10.76% of the total equity. The fourth largest shareholder, Actions Semiconductor Co., Ltd., holds 8.75% of the total equity. Independent none of the shareholders holds the absolute superiority in the proportion of shareholding.

The Company said that although the decentralization and checks and balances of shareholdings are beneficial to improving the scientific decision-making, it may also cause the Company to delay business development opportunities due to the declining efficiency of decision-making when making decisions on major production, operation and investment, etc., resulting in the Company's production and operation and business performance In addition, the decentralization of company ownership led to some instability in the shareholding structure, which could lead to the change of future shareholding structure of the company, which in turn affected the stability and continuity of the company's operating policies. The Company was exposed to the risk of diversification.

Inventory increases year by year

The prospectus shows that from January to June 2014, the net inventories of the Company were RMB21,805,000, RMB29,142,900, RMB38,244,800 and RMB40,075,600 respectively, accounting for 12.95% and 16.97% of the current assets respectively, 24.40% and 29.34% respectively, and the inventory turnover rates were 3.15, 3.04, 2.60 and 2.34, respectively. The inventory turnover rate was lower than comparable listed companies in the same industry.

The Company said that the steady growth of inventory balance was mainly driven by the following factors. First, the sales volume of the Company's products increased year by year, from 44,390,500 in FY2014 to 62,110,600 in FY2016; second, the Company's product category expanded year by year During the reporting period, the Company's main products were gradually changed from measurement chips to measurement chips and carrier chips (MCUs) and MCU chips. The Company's carrier chip business has achieved rapid growth since 2015, and its carrier class In addition, the market demand is expected to be better in the future, and the Company has stocked ahead of the MCU business. Thirdly, since 2016, the Company The main raw material wafer (8 inch) of the product is in short supply (mainly due to the sharp increase in the demand for consumer electronic fields such as fingerprint chips). According to the future market demand, the Company arranges some products in advance for stocking.

During the reporting period, the company's inventory structure remained basically stable. Entrusted processing of goods and inventory of goods is the main component of stock, the end of 2014, 2015, 2016 and the end of June 2017, commissioned processing of goods and stock of goods together accounted for the original value of inventories The proportions were 89.99%, 85.55%, 84.89% and 86.84% respectively.

2016 tax incentives and government subsidies accounted for 35.77% of net profit

Prospectus shows that from January 2014 to January 2017, the Company received government subsidies of RMB3,375,600, RMB9,126,200, RMB9,858,600 and RMB7,921,000, respectively, totaling RMB23,134,500.

From January 2014 to January-June 2017, the Company's tax incentives were 4,997,600 yuan, 3,186,900 yuan, 2,377,600 yuan, and 135,800 yuan respectively.

In September 2014, the Company was recognized as a high-tech enterprise. According to relevant provisions of the "Enterprise Income Tax Law of the People's Republic of China" and the "Notice on Relevant Issues Concerning the Implementation of Preferential Income Tax on High-tech Enterprises (Guoshuihan 2009'203) Technology companies can apply for a 15% preferential tax rate to declare and pay corporate income tax, and the Company's FY 2015, 2016 and January-June 2017 are in line with the tax concessions for the design of key integrated circuits in the national planning layout, with the corporate income tax reduced by 10% pay.

The company suggests that if the preferential tax policies of the government change in the future or if the company can not enjoy the preferential tax rate of high-tech enterprises and integrated circuit enterprises in the future, the company's performance will be affected to a certain extent.

The average price of chip products declined

The prospectus shows that from January to June 2017, the Company's revenue from measurement of chip products accounted for 91.50%, 77.62%, 80.15% and 64.39% of the revenue from main operations respectively. In terms of price, the average price of chips was 3.13 yuan / piece, 2.56 yuan / piece, 2.27 yuan / piece, 2.72 yuan / piece.The carrier chip and the module average price respectively is 8.44 yuan / piece, 12.36 yuan / piece, 7.71 yuan / piece, 9.15 yuan / piece. The average price was 3.71 yuan / piece, 3.72 yuan / piece, 3.73 yuan / piece, 3.40 yuan / piece.

The Company said that the average price of chip products is on a downward trend for the following reasons: (1) During the reporting period, the prices of three-phase meter chip products underwent a major adjustment according to market competition, resulting in the overall downward price of the chip products. The decline in the unit price of single-phase SoC chips was mainly due to the adjustment of product structure, with lower prices and more cost advantages to market. The average price of metrology products increased from January to June 2017 mainly due to unit price High single-phase SoC chip sales increase due to.

(2) The continuous upgrading of integrated circuit products often leads to the gradual decline in the prices of all kinds of chip products in the market, and the industry enterprises need to re-occupy the high price point by virtue of the improvement of production technology and the emergence of a new generation of products, and the chip prices gradually decrease In line with industry characteristics.

The average price of carrier chip products dropped in 2016, mainly due to the change of product structure in the market. That is, with the continuous pilot and promotion of broadband carrier products, the market of narrowband carrier products has been gradually shrinking and the market price has dropped.

Gross margin has dropped in the last three years

The prospectus shows that from January to June 2014, the consolidated gross profit margin of main business of the Company was 55.00%, 48.33%, 46.17% and 47.25% respectively, showing a downward trend, but the downward trend has slowed down.

From January to June 2017, the consolidated gross profit margin of the Company's main business was 47.25%, representing an increase of 1.08% as compared with that of 2016 (the absolute value of gross profit margin changes, same as below), mainly due to the increase in the Company's carrier business and the higher gross profit margin of its carrier business As compared to 2014. Gross profit margin of the Company decreased by 6.67% as compared with that of FY2014, mainly due to the decrease of the gross profit margin of the measurement chip products, which accounted for 77.62% of the sales revenue of the year and the gross profit margin decreased by 5.74%. For the year ended 31 December 2015, the consolidated gross profit margin of the Company decreased by 2.16% as compared with that of 2015. On the one hand, the revenue from measurement of chip business accounted for 80.15% and the gross profit margin decreased by 5.46%. On the other hand, the revenue from carrier chip business increased from 10.51% To 16.88% in FY16, with gross profit maintained at a high level above 60%, which reversely offset the drop in gross profit margin caused by the measurement chip business.

The total dividend of 138 million yuan for the first three years before listing

According to the prospectus, dividend distribution of the Company in the past three years is as follows:

On May 16, 2014 and 2013 annual shareholders' general meeting, a cash dividend of RMB30,240,000.00 was distributed to all shareholders based on the distributable profit for investors. The dividend was distributed in September 2014.

On 15 May 2015, the 2014 annual shareholders' meeting resolved to distribute a cash dividend of RMB34,560,000.00 to all shareholders at a profit available to investors. The dividend was distributed in July 2015.

On May 27, 2016, the 2015 annual shareholders' meeting resolved to distribute a cash dividend of RMB40,608,000.00 to all shareholders with profit available for distribution to all shareholders. The dividend was distributed in June 2016.

March 15, 2017, the 2016 annual shareholders' meeting resolved to distribute cash dividends of RMB 32,400,000.00 to all shareholders on the basis of profits distributable to investors. The dividends were distributed in June 2017.

3. Spectrum Swiss Q3 revenue increased 37.59%, optimistic about the expansion of the mainland panel share;

Set micro-grid November 2 news, Shanghai Spectrum today held the law said it will release the third quarter of 2017 financial report, as well as operational outlook for the fourth quarter of 2017. In the third quarter of 2017, the combined revenue of spectral Swiss 90.62 million US dollars, up 5.48%, an increase of 37.59%; third quarter operating profit of 37.24 million US dollars, up 7.99%, an increase of 34.71%. Looking into the fourth quarter, SPRING expected consolidated revenue in 8350-9150 million Between the United States dollars, the consolidated gross profit margin of about 40% to 43%, consolidated operating expenses of 1825-1925 million.

In the third quarter of 2017, Spectra combined revenue was 90.62 million U.S. dollars, after-tax net profit was 22.29 million U.S. dollars and EPS (EPS) was 0.29 U.S. dollars (NT 8.89 yuan) while in the same quarter last year, consolidated revenue was 65.86 million US $, after-tax net profit of 9.56 million US dollars, net income per share (EPS) of 0.13 US dollars (NT 4.03 yuan).

It is reported that spectral Swiss has been in September 19, with the removal of signal jitter function of high-speed signal-related product line to add a new chip - PS8421. PS8421 is a signal jitter removal with HDMI 2: 1 multiplexer Signal repeater chip with two HDMI 2.0 inputs for the user to choose from. The PS8421-equipped PC can choose between two HDMI input devices such as an integrated graphics processor (GPU) or a stand-alone GPU The PS8421 is also available on 4K displays, with one of two HDMI 2.0 inputs selected.

Looking into the fourth quarter, Zhao Jie, chairman of Spectrum said that in the fourth quarter of each product line, PC-related product demand will be weaker than the third quarter, while the smart phone product demand will be strong compared with the third quarter, while Driver IC and TCON (timing controller) with sales, Zhao Jie is expected, Q4 in the Chinese mainland panel market share is expected to further expand.

In the much-watched MicroLED, ZHAO Jie also said that SPRING is in the research and development stage.Furthermore, ZHAO Jie said that SPRU is good at introducing new products like PCIe and USB3.1, and it is estimated that there will be a good growth performance next year.

According to Taiwan media said that the recent foreign investment generally optimistic about the revenue of the spectrum of Rui, that the Swedish spectrum to catch up with two major business opportunities. First, the different interfaces between the high-speed transmission demand will push the demand for high-speed IC chip; second is to meet the global The demand for higher resolution and high dynamic range (HDR) video and audio needs to be faster and faster, and Spectrum's position in the etiquette controller (eDP Tcon) is stronger and the unit price of the hybrid will continue to rise .

PCIe has become the server of high-speed transmission in the high-speed transmission needs of choice.According to market research agency survey, Google, Amazon, Facebook and Microsoft's server ODM orders driven 2018 server shipments in 2017 will grow 15% % To 20%. In the past, the high-speed transmission market was monopolized by foreign investors for a long time. In recent years, Spectrum has been actively researching and developing, and has finally entered the US-based customer supply chain with lower power consumption, lower signal delay and higher cost performance than its competitors. High-speed transmission market has long been monopolized by foreign investors.

4. Eastern Hi-Tech and nano-core microelectronics work together to cultivate China's MEMS microphone wafer market;

Set micro-network October 31 news, one of the world-class non-storage semiconductor manufacturer Dongbu HiTek Co., Ltd. (hereinafter referred to as 'Eastern Hi-Tech') and China's leading provider of sensor chips and solutions Suzhou Nanochip Microelectronics Co., Ltd. jointly announced that both parties have become strategic partners and will jointly develop and manufacture next-generation MEMS sensor products. NSM6001 chip has been successfully mass production and to the market, marking the core Microelectronics and Eastern Hi-Tech collaborative deep plowing the beginning of the Chinese MEMS sensor market.The MEMS die with nano-micro-high performance microphone ASIC ASIC NSC6260 interface for MEMS simulation Microphone products.

Eastern Hi-Tech Co., Ltd. and Suzhou NASCENT Microelectronics Co., Ltd. jointly announced that they have become strategic partners and will jointly develop and manufacture a new generation of MEMS sensor products. Recently, the two sides jointly developed the first MEMS microphone chip NSM6001 has been successful Mass production and to the market.

NSM6001 in 1mm * 1mm small size case, with the NSC6260 package can be achieved under the audio product 63dB and 59dB Shangjin products signal to noise ratio, the product electro-acoustic performance, good sensitivity consistency, and after a comprehensive rigorous reliability Test, with excellent reliability and stability.Chip design fully takes into account the MEMS microphone products in the package testing and SMT lead-free reflow soldering and other process requirements, the product has a strong seismic performance and high heat temperature.

The rapid development of smartphones, internet of things (IoT) and other markets has led to the rapid rise of the sensor market. MEMS microphones, as audio interactive entrances, have become more and more widely used in various types of voice input devices such as smart phones, smart speakers and interactive toys, China MEMS microphones market blowout trend.Northeast Hi-Tech and nano-core micro-developed NSM6001 with its excellent cost-effective and high performance, more in line with the needs of the Chinese market.

Wang Sheng Yang, chief executive of Nano Microelectronics said: 'This product has excellent performance in small size, low power consumption and high performance-price ratio, and has significant competitive advantages in similar products. Well meet the market for low-cost and high-performance MEMS sensor growing demand; followed by nano-micro and Eastern Hi-Tech will jointly introduce a series of MEMS microphone wafer solutions such as high SNR microphones and digital microphones. The Company will give full play to the advantages of both parties, jointly provide customers with stable products, benefit our customers and help the MEMS industry in China develop more rapidly.

Jimmy Park, general manager of Eastern Hi-Tech China, said: "The market focus of mobile and consumer MEMS sensors is accelerating to the Chinese market in full swing. Eastern Hi-Tech will utilize advanced manufacturing technology and advanced technologies to jointly develop more with partners Chip size and integration advantages of MEMS sensor products through the depth of cooperation with the nano-core micro-MEMS sensor market in China will have a more in-depth understanding and more possibilities.

NSM6001 and NSC6260 are now available in bulk wafer quantities, if demand, please contact sales@novosns.com

5. Tianjin Dongjiang CMC and Xinxin lease signed a memorandum of cooperation;

Xinhuanet Tianjin, November 2 (Reporter Deng Zhonghao) On October 30, the Tianjin Dongjiang Bonded Port Zone Management Committee and Xinxin Financial Leasing Co., Ltd. signed a memorandum of cooperation in Dongjiang, both parties will promote the formation of a leasing industry supporting the development of integrated circuits Full cooperation.

The signing of the Memorandum of Cooperation will lead to deeper cooperation between the two parties in the field of integrated circuits. As a leasing company focusing on the service integrated circuit industry, Xinxin Leasing will increase its investment to form an integrated circuit leasing business in Dongjiang and gather leasing assets In the field of IC design, manufacturing, packaging and testing, equipment materials, applications and other fields, the Company will carry out leasing business innovation and build integrated circuit leasing place and integrated circuit industry leasing in Dongjiang Innovation base.

In December last year, Xinxin Leasing, which was initiated and set up by the National IC Industry Investment Fund, completed the first intangible asset leasing business in Tianjin with Changjiang Technologies through its leasing platform set up in Dongjiang, filling the national technology patent portfolio leasing Innovative business in April this year, completed in Dongjiang in the country's first integrated circuit equipment rental business innovative business, to explore new ways of financing IC equipment. The two single business 'intangible + physical' to solve the integrated circuit companies rely on Bank credit and other traditional ways of financing difficult issues, SMIC, Changjiang Electronics and other IC leading enterprises enjoy the lease to support the real economy dividends.

In the coming period, it will be an important strategic opportunity and a crucial period for the development of China's IC industry. Based on the needs of the development of the IC industry and the actual development of the enterprise, the CMC will carry out studies on the functions of the lease innovation policy supporting the IC industry and push forward Innovative business landed to form a financial support IC industry characteristics model for the Beijing-Tianjin-Hebei integrated circuit industry cluster, as well as the national IC industry to provide financial services support.

6. Shunyi, Beijing to build the third generation of semiconductor innovation industry cluster area

People's Network Beijing, November 2 (Yin Yun) On November 1, 2017, the third-generation semiconductor international forum and the fourteenth China International Semiconductor Lighting Forum opened in Shunyi on the opening day. On behalf of the semiconductor innovation industry cluster area ',' Beijing's third generation semiconductor innovation industry cluster area 'inaugurated.

The forum was sponsored by National Semiconductor Lighting Project R & D and Industry Alliance, Third Generation Semiconductor Industry Technology Innovation Strategic Alliance and Beijing Shunyi District People's Government, and the new Beijing Urban Master Plan endowed Shunyi 'Harbor City's integrated core area of ​​International Aviation Center , Innovative and Leading Regional Economy Promoted the Functional Positioning of the Pioneer District, the Capital Harmonious and livable Demonstration Zone in Coordinated Urban and Rural Areas, and the Important Mission of Building a World-Class Aviation Hub. The third-generation semiconductor innovation cluster was set up for Shunyi District New chapter.

The third generation semiconductor material market has a bright future and is an important part of Beijing's sophisticated industries and one of the three innovative industrial clusters for which Shunyi is determined to develop. In recent years, Shunyi District has been focusing on accelerating the development of the third generation semiconductor industry , Has set up a 'innovation base', Beijing third-generation semiconductor materials and application of joint innovation base, the main body has been completed; 'an industry alliance', the third generation of semiconductor technology innovation strategic alliances,

Now more than 70 member units have been developed; 'Incubator Center', the third generation semiconductor co-innovation incubator center, and there are currently 45 incubating enterprises; 'An Applied Research Institute', which has been called 'European MIT' Of Delft University of Technology China Research Institute, has now begun to enroll doctoral students; is actively preparing for the Beijing Institute of Technology, the third generation of semiconductor industry and declare the third-generation semiconductor technology innovation center of the country 2030 major science and technology Special efforts to speed up BDO Runda, Shandong Tianyue, China Electronics Technology Group 13 key projects such as landing, and strive to 2025, the formation of one hundred billion industry scale, to build Beijing's third-generation semiconductor innovation industry cluster area, demonstration lead The development of the third generation semiconductor industry in the country seizes the strategic high ground in the field of international semiconductors, with 400 billion yuan of industrial funds gathered in the district and 3.56 million square meters of usable building area, new energy vehicles, a new generation of information technology, high-end equipment and aerospace , These closely related industries with the third generation of semiconductor materials booming industry for the third generation semiconductor industry to provide a solid growth industry Foundation.

It is reported that Shunyi District has launched the third generation of semiconductor innovation-focused industrial cluster pre-construction and research and development, specifically developed the third-generation semiconductor industry development plan, set aside 1,000 acres of development space, is stepping up the formulation and implementation of a number of major initiatives And special policies, including the establishment of specialized agencies to strengthen the organization and leadership, integrate the abundant carrying capacity of land resources, make overall efforts to increase financial support and attract social capital to deepen the cooperation between industry and finance, etc. For the third generation semiconductor industry, National Science and Technology Innovation Center, for the country to build a world power of science and technology to make new and greater contribution to the preparation of the future of Shunyi, will create a world-renowned third-generation semiconductor innovation industry cluster.

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