'Domestic core' has become a hot topic in the recent capital markets, the IC industry chain triggered the pursuit of capital concentration.For example, Si design innovation in the field of IC design, top technology, IC packaging and testing in the field of long power technology, crystal technology, IC materials Jiang Feng Electronics in the field, SMIC and other companies in Shanghai Xinyang and IC manufacturing have soared.
Because they do not have the core technology, China annually spends a huge amount of foreign exchange import chips.According to statistics provided by the General Administration of Customs, China's IC imports amounted to 227,026 million U.S. dollars in 2016, double the amount of crude oil imported in the same period of time. Subject to foreign countries, domestic technology is weak, the strategic situation is very passive, to achieve 'China's core' import substitution has become a clear national development strategy.
At present, in the field of memory chips, China's memory chip industry is basically empty, almost 100% dependent on imports.In the field of CPU, domestic mobile phones hardly use domestically produced CPU chips except Huawei.In the field of IC manufacturing, the most advanced SMIC International is still difficult to mass production at 28nm, and TSMC, Samsung and other companies have begun to develop 7nm technology.
From the point of view of global industrial development and transfer, the semiconductor industry has rapidly developed along with the last round of technological revolution in computers and the Internet. As a whole, the semiconductor industry originated in the United States. As a result of the international division of labor brought by globalization, the semiconductor industry gradually expanded to Japan, South Korea, and Taiwan In recent years, this industry is moving to the domestic, especially the domestic chip is on the rise.
According to the data from the Ministry of Industry and Information Technology, the sales volume of ICs in China was 433.5 billion yuan in 2016, an increase of 20% over the previous year, while the average CAGR of 22% in the past 14 years will explode in areas such as consumer electronics, internet of things, smart cars and AI in the future Growth, is bound to drive the rapid growth of China's integrated circuit products, development prospects are very broad.
Analysis shows that in the IC industry chain, the upper reaches of the chip design, the middle reaches of the chip manufacturing, the lower reaches of the chip packaging and testing.As a result of different access to technology threshold in the early development of integrated circuits, packaging and testing to our country as an entry point and the massive development, Due to its low technical content and labor-intensive nature, the packaging and testing industry occupies the largest proportion in China and has become the most internationally competitive part of China's IC industry chain. Meanwhile, China's support for the chip design industry continues to increase In contrast, chip manufacturing is a capital-intensive and technology-intensive industry, and TSMC, a pioneer in foundry foundry, quickly took over the market with a first-mover advantage. In 2016, the OEM market share was 58 %, Far ahead of other companies.While SMIC as a domestic brand representatives in recent years the rapid development of 2016 revenues 2.8 billion US dollars, and the gap between TSMC is huge.
According to the analysis, the domestic chip alternative to this national development strategy is showing its effectiveness.With the large-scale investment in domestic funds, a breakthrough in independent R & D after the introduction of technology has led to the rapid rise of domestic chips in the next few years, To develop prospects. Institutional tips related to the listed companies such as chip design ring Siu Yi innovation, the top technology; chip foundry leader in the manufacturing sector SMIC, sputtering target supplier Jiang Feng Electronics, wafer cutting Leading Han's laser; chip IC packaging and testing of long-term technology, including micro-rich and so on.