'Secret' almost equal to one trillion! Semiconductor Fund Snowball | dismantling the capital behind the map

1. A number of IC leading enterprises settled in Chengdu High-tech Zone, two-handed policy to attract more talents; 2. Tried to one trillion! Semiconductor Industry Fund snowballing behind the capital map; 3. Beijing Institute of Technology magnetic nano-semiconductor landing " Natural "; 4. Beijing Institute of Quantum Information set up academician Xue Qikun CAS president

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1. A number of leading IC companies settled in Chengdu High-tech Zone, two-handed policy to attract more talents;

Set microblogging Chengdu reported article / Mao Mao

As the main front for industrial development in Chengdu, Chengdu High-tech Zone is making great efforts to develop three leading industries of electronic information, biology and new economy and build a trillion-level international innovation and entrepreneurship center, among which the electronic information industry is the most complete industrial category in Chengdu High-tech Zone, The largest and most innovative industries and has a more complete industrial chain of integrated circuits - new display - machine terminal - software and information technology services.According to the "promulgated a number of policies on supporting the development of electronic information industry" in July this year Clearly pointed out that by 2022, Chengdu Hi-tech Zone electronic information industry scale and strive to reach 700 billion yuan more.

The importance of the integrated circuit as a basic industry in the electronic information industry is self-evident, and the Chengdu Hi-tech Zone also pays special attention to the development of the integrated circuit industry. According to the public data, in 2016, the scale of the integrated circuit industry in Chengdu reached 47 billion yuan, of which Chengdu Hi-tech Zone integrated circuit industry output value of 44900000000 yuan, accounting for up to 95%, ranking first in the middle .At the same time, Chengdu Hi-tech Zone and Beijing, Shanghai, Shenzhen and other cities tied for the eight national IC design industrialization base.

A number of integrated circuit Tau Long enterprises settled in Chengdu High-tech Zone

At present, Chengdu Hi-tech Zone has gathered more than 100 integrated circuit companies, including Intel, Texas Instruments, Grosvenor, Spreadtrum Communications, Xinhua three well-known enterprises, which have to mention one is Intel, Intel since 2003 After the factory in Shanghai was merged into Chengdu Hi-tech Zone, Intel's factory in Chengdu became one of Intel's largest IC packaging and testing centers in the world. In 2016, Intel formally invested $ 1.6 billion in the ATT high-end testing technology project (codenamed 'Horse') The high-tech zone in Chengdu put into operation, making Intel Chengdu factory full set of chip packaging testing, wafer pretreatment and high-end testing technology in one, and led the entire industry in Chengdu High-tech Zone together.

In addition, Texas Instruments and Chengdu Hi-tech Zone jointly announced the investment plan of up to 1.69 billion U.S. dollars (about 10 billion U.S. dollars) in the next 15 years at the 2013 Chengdu Global Wealth Forum. In February 2017, Fangde launched a 12-inch wafer manufacturing base project (codenamed 'Fab11') with a total investment of more than 10 billion U.S. dollars in Chengdu Hi-tech Zone. In July 2017, Xinhua Group 3 invested 1 billion yuan to set up a Xinhua-Sancheng research project in Chengdu High-tech Zone Institute, focusing on 5G technology and next-generation storage technology innovation R & D and industrialization.

It can be said that Chengdu High-tech Zone as the core gathering area, the entire Chengdu semiconductor industry has formed a complete industrial chain from IC design, wafer manufacturing to IC packaging and testing, advanced technology is also living in the forefront of the world.

Attracting talented people from both the policy guiding and setting up platforms

Of course, in addition to policies and capital, talent is the key to the rapid development of the integrated circuit industry.As more and more integrated circuit companies are located in Chengdu High-tech Zone, how to attract and train more talents needed by enterprises will become the top priority Wang Lei, director of the Talent Department of the Communist Party's Work Department of Chengdu Hi-tech Zone, told reporters that the flexible talent policy will become an important direction for the development of talent policy in the future, while attracting outstanding IC talents is nothing less than two aspects: First, the policy Guide, the second is to build the appropriate platform.

First of all, with regard to policy guidance, Chengdu Hi-tech Zone has launched the "Jingrong High-tech Talents Program" since 2011. After two adjustments, the Talents Program currently covers such projects as the creation of intellectual property projects, guest projects, financial talent projects, business services Project, masters of skills, humanities and famous project six categories, respectively, for different levels of entrepreneurship to give different supportive policies, funding from tens of thousands to millions.

At the same time, in accordance with the local talent and overseas talents, Chengdu High-tech Zone set up the talent fund plan separately, of which, for local talents, Chengdu High-tech Zone set up the first venture angel investment fund funded by the government in June 2012 in Chengdu, Known as the 'Red Angel' fund, the total size of the fund reached 100000000 yuan.Wang Lei said that so far the fund has invested 51 projects, and next year will continue to additional 100000000 yuan to support more small and medium-sized start-ups. Overseas talents and Chengdu Hi-tech Zone also set up a 200 million yuan offshore innovation and entrepreneurship fund for overseas talents in 2016.

In terms of platform construction, Chengdu High-tech Zone holds "Chengdu Tianfu Talent Initiative" every year since 2007, including campus line, city line and overseas line, mainly to major cities in China, universities and overseas Chinese gathering places Different levels of talent to do to attract and docking.Wang Lei said that at present Chengdu Tianfu Software Park has more than 60,000 people, of which 60% -80% of the talent is attracted through the Tianfu personnel action came.

In addition, in order to attract more talents, Chengdu Hi-tech Zone also built the 7th National Human Resource Service Industrial Park and hosted the 'Innovative Shortage of Talent in Chengdu' at December 12th Development of advanced seminars'.

'IC industry shortage of personnel innovation and development' advanced seminar officially opened in Chengdu

From December 11 to December 15, Chengdu Human Resources and Social Security Department, Ministry of Industry and Information Technology, Ministry of Industry and Information Technology Talent Exchange Center, Ministry of Industry and Information Technology Personnel Education Department and Electronic Information Division co-sponsored by Chengdu High-tech Development The district has also hosted a seminar entitled "Innovative Development of Talents with Shortage of Talents in IC Industry" held in Chengdu. Nearly 400 students from related departments, universities and research institutes, industrial associations and capital institutions in various provinces and cities in China and domestic and overseas integrated circuit enterprises Participated in this seminar.

The senior seminar, Tsinghua University professor, IEEE Fellow Wang Zhihua, executive vice chairman and secretary general of China Semiconductor Industry Association IC Branch Yu Xie, director of the National ASIC Research Center, Southeast University chief professor Shi Longxing, , NXP Semiconductors, Huawei, China Technology Exchange, Xiaomi, HKUST Beijing Research Institute, ASE Group, CEC Technology, Silicon Products Precision Industry, Shanghai Huahong Grace, Synopsys, Wuxi Huada Guoqi, Suzhou Yunxin Microelectronics, Ruicheng core micro and many other industry experts and business leaders, on the integrated circuit related topics, in-depth, systematic sharing, discussion and exchange.

According to the person in charge of Chengdu High-tech Zone, Chengdu High-tech Zone will take this seminar as an opportunity to win more projects of "core power" talent development plan for talent exchange center of Ministry of Industry and Information Technology in the future and carry out normal projects for integrated circuit industry By 2025, Chengdu High-tech Zone will strive to introduce and nurture 100,000 talents in the electronic information industry, and the total number of talents in the electronic information industry will reach 150,000.

Ministry of Industry and Information Technology Exchange Center talent core 'core' talent development project manager Wang Zhe said that the main activities of the three purposes, one technical training, the second is recruiting talent, the third is the project docking and investment Ministry of Industry and Information Technology Talent Exchange Center Talent Exchange Center 'Core Power' has been focusing on the development of talents and hopes that the interaction and exchange of talents will drive the development of the industry. Chengdu is undoubtedly the core of Southwest China and even the whole of China. Hope that as we join, to Chengdu, bring new strength.

It is reported that "core power" talent development plan is the Ministry of Industry and Information Technology Radiation National Talents Introduction Program for the national high-tech industry development services.Currently, 'core power' talent development plan has been successfully settled in Nanjing Jiangbei New District, Chengdu High-tech Zone, Optics Valley, Nantong Gangzha District, Jinjiang District, Fujian and other places.

2. Trillions of trillion! The semiconductor industry fund behind the snowball dismantling capital map;

Abstract: Since the beginning of this year, the A-share semiconductor sector has risen sharply, with some stocks even exceeding 100% and the leading unit has a common 'big gold manager' - the national IC industry investment fund. Former capital increase, fixed increase by other means, A shares have been built a strong capital map.

'WeChat Roadshow has not yet begun, the road show in less than an hour there are 150. The enthusiasm of the semiconductor expansion, the forthcoming explosion of equipment leading a' '' '' '' 's analyst described the semiconductor market so hot market.

Semiconductor sector is staged 'acceleration.' According to Wisdom data, since the third quarter of this year, A-share semiconductor sector rose nearly 30%, some stocks rose even more than 100%.

It is worth noting that there is a common 'big gold lord' behind the multiple faucets in the A-share semiconductor sector: the National IC Industry Investment Fund (hereinafter referred to as the 'Big Funds').

How large funds step by step to build a capital stock on the A shares? Leverage mobilized a large amount of money behind? Solve the Chinese semiconductor industry investment and financing bottlenecks?

Dismantling of A shares in the 'big fund' capital map

In September 2014, a large fund was set up. For the first time, the industry was promoted in the form of market-oriented investment, which changed the mode of preferential tax subsidies and research and development incentives for tax revenue in the past.

Large shareholders rich background, including the central government, CDB Finance, Yizhuang SDIC, China Investment, Wu Yuefeng and other employers, including China Mobile, Shanghai Guosheng, China Electronics, China Electronics Branch and other electronic information companies.

Among the investment targets, there are a number of leading A-shares and H-share semiconductor companies, with data showing that as of the end of November, the major fund has become the major shareholder of 38 companies covering 17 A-share companies and two Hong Kong-listed companies.

Large fund investment listed companies include: design areas (Top Technologies, Siu Yi innovation, Jing Jia Wei, National Micro, ZTE Microelectronics, Nasdaq, Beidouxingtong), the field of IC packaging and testing (Changjiang Electronics Technology, China Science and Technology , Through the rich Microelectronics), equipment materials (North China record, Changchuan Science and Technology, Jacques Technology), compound semiconductors and the characteristics of technology (Sam On Optoelectronics, Neville technology, Silan Wei, Wansheng shares).

As can be seen from the chart below, the large fund has entered the top ten shareholders of eight A-share listed companies in Hong Kong stocks, the largest fund holds 15.86% stake in SMIC, holds 9.82% of the state Micro Technology Holdings Limited, Of the shares.

For the big fund investment target selection preferences, GDB consulting firm Guo Gaochang on Wall Street knowledge shows that the big fund is not a preference for listed companies, in fact, the leading industrial chain is generally a listed company.

Effectiveness observation: breaking the bottleneck of industrial chain investment and financing?

'The semiconductor industry has the heavy capital and high technology threshold, requires long-term sustained high capital investment, from R & D to production no back arrow, the input-output cycle is very long.Therefore, the large fund into the effective solution to the Chinese semiconductor industry Investment bottleneck. "Colgate Consulting analyst Guo Gaochang said on the Wall Street knowledgeable.

From the investment results, some companies leveraging large funds to successfully buy overseas targets.Changsheng Technology is a typical case, the company provided by the large fund 300 million US dollars, the successful acquisition of the world's fourth largest packaging and testing plant - Star Ke Jinpeng, among the first in the world semiconductor IC packaging and testing.In this case, the first large fund through the PE leveraged buyout until the completion of the tender offer is completed, through the debt to equity, subscribe to increase by way of injection of assets into a long electric technology Shareholders.

In addition, the large fund also supports Ziguang Zhanxun and Ruidedike merged, and the two companies merged into a new chip company to expand the scale of chip design.This means that in the field of low-end chips, purple and the international giants MediaTek counter to form a purple , MediaTek and Qualcomm dominate the global chip layout of the three.

In 2015, the large fund supported the acquisition of famous microprocessors and GPUs by Microfunds to design an 85% stake in AMD's two subsidiaries to enhance the packaging main business. After the completion of the M & A, the revenue doubled to 4.6 billion yuan in 2016. The revenue in the first three quarters of 2017 exceeded the full-year 2016 revenue by 4.85 billion yuan.

Comprehensive industry performance growth companies view, the large investment fund is also very obvious.Data show that this year's packaging and testing segment profit growth as high as 78.04%, equipment plate, raw material segment profit growth of 18.59%, respectively, 18.2%.

In addition, the average annual growth rate of domestic IC manufacturing revenue this year is expected to be close to 20%. The manufacturing and packaging test industry scale is expected to exceed 120 billion yuan and 190 billion yuan respectively.

Large fund also targeted the largest shareholder of the company cast by the end of September this year, the Yangtze Power Technology to issue more than 272 million shares to a number of institutions, raise funds not exceeding 4.55 billion yuan total, the proposed fund to be no more than 2.9 billion , The shareholding ratio rose to no more than 19% after the issuance is completed, which means the big fund will rise from the third largest shareholder to the largest shareholder.

Large fund leveraging one trillion chip designed to invest in new direction?

As of November 30, 2017, a total of 62 effective projects involving large-scale funds were involved in 46 projects involving a total effective commitment of 106.3 billion yuan and an actual contribution of 79.4 billion yuan, accounting for 77% and 57% of the total first phase respectively.

A survey by Wall Street found that large funds promoted industrial funds at the local government level, and nine funds were launched in eight provinces and municipalities such as Beijing and Shanghai in 2016 with a total funding of 218 billion yuan, of which Beijing focused on IC design, manufacturing, packaging, testing, Core equipment Shanghai and the surrounding areas are mainly focused on integrated circuit manufacturing, IC design and semiconductor materials.

It is reported that the second phase of the large fund is being raised in the scale or up to 1500-2000 billion yuan. If combined with the first phase of the 138.72 billion yuan raised, the total size is expected to reach 350 billion yuan.

The second phase of the acquisition of chip design ("IC Design") is expected to increase from the current 17% to 20-25%.

In this regard, Tianfeng Securities Chen Junjie explained that the chip design company is the most profitable part of the semiconductor industry chain, with the characteristics of light assets, flexible and more profitable than the foundry, equipment manufacturing and materials.

He further pointed out that the core of the end-of-design growth path for design terminals lies in the circuit logic of enterprises and the clear path of development that can be seen. High-growth growth in 2018 Marginal improvement is the internal driving force behind the company's share price increase. Integrated circuits Industrial Fund investment is the external cause.

Guo Airhang on Wall Street anecdote pointed out that large funds are leveraged by the semiconductor investment to a climax, large funds to increase investment in the design side does not mean the investment direction of change, the second phase will achieve a "point to point" breakthrough. 'More around the 5G , Internet of Things and other hot applications, the chip design side of the capital support will be more important.

It is understood that although the A-chip chip design plate is small, but the performance dazzling: since the first quarter of 2014, net profit margin fluctuated around 22%, gross margin fluctuated around 45% in 2016 the plate main business revenue of 8.74 billion Yuan, an increase of 45.6%. Wall Street learned

3. Beijing Institute of Technology magnetic nanometer semiconductor landing "natural";

According to the website of the Ministry of Industry and Information Technology, Professor Zhang Jiatao of Beijing Institute of Technology and Professor Sergio Brovelli of Bicocca University in Milan (co-author) recently published the latest research online in Nature Nanotechnology, an international magazine of nanotechnology. Results 'Excitonic Pathway to Photoinduced Magnetism in Colloidal Nanocrystals with Nonmagnetic Dopants'.

The results show that the excitation process induced by the non-magnetic impurity doping can obtain optically switchable magnetic nano-semiconductor materials, and can effectively control its optical, electrical and magnetic properties and promote its application in photoelectric spin-on devices.

4. Beijing Institute of Quantum Information set up academician Xue Qikun CAS president

Source: Beijing Daily

Author | Fang Fang Gao Zhi Photography |

'December 24, 2017, destined to be deeply impressed by our day!' The reason for this day so that the academician of Chinese Academy of Sciences, Tsinghua University Xuekai Kun, deputy director of heartfelt excited because, in order to promote our country to seize the commanding height of the global quantum information technology in Beijing Quantum Institute of Information Sciences was formally established yesterday morning. Academician Xue Qikun also successfully elected president of the Institute.

With a hundred years of history, quantum science is a pearl in the crown of science, in which quantum information science has become the core driving force of the revolution in information technology and the entire information industry in the future. Aiming at the frontier of science and technology in the world, strengthening basic research, realizing forward-looking basic research and leading a breakthrough in original achievements. "Beijing has a leading position in quantum information science research and possesses the most complete discipline layout, the strongest research team and the world-class Experimental conditions and technical resources.

At present, Beijing is speeding up the construction of a national science and technology innovation center and helping the building of an innovative nation.Undoubtedly, the establishment of Beijing Institute of Quantum and Information Science will inject new vitality into Beijing's all-round innovation centered on science and technology.

On the afternoon of the founding of the Institute, the municipal government organized a seminar on accelerating the construction of the Beijing Institute of Quantum and Information Science on the 'On-the-go' approach. Academician Wang Engo, vice president of CAS, Li Shushen, director of the Institute of Semiconductors, Chinese Academy of Sciences, President Xu Beibin of Beijing University of Aeronautics and Astronautics, Academician Gong Qihuang, Vice-Chancellor of Peking University, Academician Yao Zhizhi, Dean of the Institute for Interdisciplinary Information Studies of Tsinghua University, and Pi Mingyong, vice president of the Academy of Military Science, gathered together to discuss the issue of " Beijing Municipal Government and the Chinese Academy of Sciences, the Academy of Military Sciences, Peking University, Tsinghua University, Beijing University of Aeronautics and Astronautics signed the "Beijing Institute of Quantum and Information Technology Cooperation Framework Agreement." Under the agreement, the six parties will be guided by 'strategic direction, Complementing each other's advantages and sharing resources ". The two sides should cooperate with each other in establishing the mechanism of stock resource integration and new resources sharing, the double-employment mechanism of talents, the mechanism of intellectual property rights sharing, and the landing of major national tasks jointly to promote the construction of the Institute.

The institute will aim at the national strategic needs and actively assume the tasks of national science and technology innovation 2030- "quantum communication and quantum computer" major projects and so on, to produce a batch of world-class major original innovations and strive to be incorporated into the national laboratory of quantum information as soon as possible; explore and form The institutional mechanisms conducive to the original innovation and the conversion of achievements will promote the birth of more scientific research achievements in the institute and promote the transformation of the achievements of the scientific research institutes in the 'three cities and one district'.

Xue Qi-kun introduced the Institute's long-term goal is to focus on the world's quantum physics and quantum information forefront of the country and quantum information technology in areas such as the urgent need of the strategic focus on quantum computing, quantum computers, quantum communication and quantum precision measurement devices, To overthrow the 'fence' and let the ministries and commissions and departments establish a research institute at a completely new level and be open to the public at home and abroad.

At the forum, Chen Jining, deputy secretary of municipal party committee and acting mayor, emphasized:

The construction of Beijing Institute of Quantum and Information Science is to thoroughly implement the spirit of the 19th CPC Congress and General Secretary Xi Jinping inspected the spirit of Beijing's important speech and profoundly understand and grasp the major judgments that China's economy has shifted from a phase of rapid growth to a phase of high-quality development and implement innovations Is to lead the development of the first power of an important measure.Constructing a science and technology innovation center with global influence isBeijing's advantage and responsibility mission.Government departments at all levels in the city should promote the formation of a good mechanism to open up the 'wall' and strengthen the research units To promote the deep integration of industry and basic research to form a cross-disciplinary research mechanism. To provide good services to optimize the supporting services such as household registration management, housing security, medical treatment and children's education; strengthen intellectual property protection and promote the integration of innovative elements. It is necessary to create a better environment, create a more open pattern, gather the world's top talent and excellent research teams, look forward to the long term, create an environment conducive to the growth of young innovative entrepreneurs, and train a batch of young scientists and technicians with an international perspective.

Know more

The first Dean Xue Qikun

Born in 1963, PhD, Professor, Chinese Academy of Sciences.

He graduated from the Laser Department of Shandong University in 1984 with a Ph.D. degree from the Institute of Physics, Chinese Academy of Sciences in 1994, and then worked at Northeastern University, North Carolina State University and Institute of Physics, Chinese Academy of Sciences in 2005. From 2005 to Tsinghua University Work, May 2013 served as Party committee member and vice president of Tsinghua University. In 2005 was elected academician of the Chinese Academy of Sciences.

The main research directions for the scanning tunneling microscopy, surface physics, spintronics, topological quantum physics and high temperature superconductivity.

He won the Ho Leung Science and Technology Progress Award, the second prize of National Natural Science, the Third World Academy of Sciences Physics Award, 'million people's program' outstanding talent and future science awards - Material Science Award and other honors.

What's new mechanism?

The Institute is an independent legal person institution initiated and established by the Beijing Municipal Government, with uncertain institutional specifications and no staffing establishment. The institute implements the system of president-in-charge under the leadership of the council.

On the operational mechanism, we will actively carry out innovation in institutional mechanisms in terms of dual employment of personnel, integration of stock and resources, and intellectual property rights sharing so as to better protect the construction and development of the Institute.

On the introduction and cultivation of talents, we have broken the original mode of staffing and salary standardization of scientific research institutes, implemented the personnel employment system and flexible remuneration system in line with international scientific research institutions, and guided the researchers in relevant fields at home and abroad to lead full- Dual-hired way to participate in the Institute, to promote the free flow of talent.

Establish a collaborative innovation of stock and new resources, benefit sharing mechanism, try to virtualize existing resources, share existing resources, and improve utilization efficiency.

To explore and establish a mechanism for sharing intellectual property rights, the proceeds from the formation of intellectual property will be tilted toward front-line researchers. Quantum information research and achievement conversion funds will be set up by attracting social funds and specialized service agencies will be introduced to promote the transfer of achievements.

What is quantum information science?

A new field of science and technology, which is formed by a combination of physics and information science, etc. Quantum information science mainly includes quantum electronic information science, light quantum information science and biological photon information science.

In fact, quantum science and technology have affected our daily lives in all aspects.With the widespread use of computers, mobile phones, the Internet, time standards and navigation, including magnetic resonance imaging in hospitals, etc., all benefit from quantum science And technology In the future, the widespread use of quantum science and technology will eventually bring human society into the quantum age, enabling greater productivity, safer data communications, and a more convenient and greener lifestyles.

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