National Investment Fund, the second phase of the proportion of IC design will increase

The output value of China's semiconductor industry has seen explosive growth since 2015, and its output is expected to exceed 620 billion yuan by 2018. Government support is the major driving force, and in the latest report on China's semiconductor industry, , The government will continue to expand its support for the semiconductor industry from the central government to local governments. In addition to continuing support for the weaker but very important industrial chain, the major funds include memory-related, SiC / GaN and other compound semiconductors, and focus on IoT / 5G / AI / Automotive applications such as IC design trends, will be the government-led large fund future investment in the three directions.

According to Zhang Ruihua, a semiconductor analyst at the state-based consulting firm, 2014 is a watershed in policy support for the development of the semiconductor industry. In June 2014, the government released the "Outline for Promoting the Development of the National Integrated Circuit Industry" and in September the establishment of a large fund in September of the same year, Concessionary subsidies and research and development of incentives, the first fund to promote industrial development, through mergers and acquisitions and other market-oriented investment, enhance the semiconductor industry, technical standards and international competitiveness.

Major fund since the establishment of initiatives include support for ZITA merger Spreadtrum and Rui Dike to expand the scale of support for long-term technology acquisition Starkey Jinpeng upgrade their technical strength, while ranking rose to the third largest in the world to support the acquisition of Qualcomm acquisition of AMD packaging plant to expand Combining a series of actions to enhance localization, the two-handed strategy succeeded in pushing up the volume and quality of the semiconductor industry and gradually narrowing the gap with other countries.

Major fund the first phase of investment in IC manufacturing, the second phase of IC design investment will increase

Judging from the development of large funds, Jibang Consulting pointed out that as of September 2017, the fund raised a total of 138.72 billion yuan from the first phase of the project and invested 55 projects in total, promising to invest 100.3 billion yuan and actually contributing 65.3 billion yuan , Of which IC manufacturing due to larger funds, accounting for 65% of the overall investment as the largest share.At present, the second phase has been fund-raising, the scale is expected to reach 1,500-2,000 billion yuan, the investment project will be adjusted, set State consulting estimates that large funds in the proportion of IC design investment will increase to 20% -25%, the investment will also be expanded to have the potential for new start-ups.

On the other hand, the tendency of the government to promote the development strategy of the semiconductor industry has been very clear from the central government to promote local development.As of June 2017, the local semiconductor industry investment funds established in line with the National Funds reached 5,145 billion yuan, of which the scale The largest up to 50000000000 yuan.According to the Central Government's strategy, various local governments have also released special policies for the semiconductor industry, covering a wide range of funds, research and development, investment, innovation, talent, etc., means that local governments not only have the determination to develop the semiconductor industry, It also brings practical support to the industry.

In addition, many local governments are actively involved in the semiconductor industry, driven by other cities will rise, Jibbon consulting pointed out that this will lead to changes in China's semiconductor industry in the next few years, expected Hefei, Xiamen, Jinjiang, etc. will be expected Become China's new generation of semiconductor industry center.

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