The report pointed out that in addition to financial funds and support from government-guided funds, this year the government will launch 'combination punches' in terms of strengthening innovation, supplementing short boards, reducing taxes, and reducing the burden. For example, guidance documents will be issued to promote innovation and development of major short board equipment. Start a batch of major short board equipment engineering projects; Cultivate a number of industrial Internet platforms, Cultivate a number of suppliers of system solutions; Vigorously develop emerging industries such as industrial robots, intelligent network-linked automobiles, artificial intelligence, and big data; Research further reduces Manufacturing companies tax burden etc.
According to the report, at present, there are 17 special funds for the central government, totaling over 800 billion yuan. Among them, the second phase of the National IC Industrial Investment Fund has been submitted to the State Council for approval and the second-stage fundraising will exceed 150 billion yuan. yuan.
According to statistics, the National Integrated Circuit Industrial Investment Fund was established in September 2014 and was initiated and established by companies such as China State Finance, China Tobacco, Yizhuang Guotou, China Mobile, Shanghai Guosheng, China Electronics, Ziguang Communications, and Huaxin Investment. Focus on investment in integrated circuit chip manufacturing, taking into account chip design, packaging and testing, equipment and materials and other industries.
Galaxy Securities believes that if the second phase of the IC Industry Fund reaches 150 billion to 200 billion yuan, according to the 1:3 ratio of incitement, the scale of the social capital it instigates will be around 450 billion to 6,000 billion yuan, plus a large fund. The first phase of RMB 138.7 billion and the instigated social resources of RMB 514.5 billion will have a total amount of trillions of yuan. According to relevant reports, the second phase of the fund will be invested in a larger proportion than the first phase of the design.
It is estimated that if the proportion reaches 20%-25%, 30-50 billion RMB will be invested in the design process, which will benefit the development of the design process in China. It is expected that the design process will maintain about 30% in the next two to three years. Compound growth, and show the speed of increasing year by year.
China will have a large number of foundries in production from 2018 to 2020. Under this circumstance, it is expected that the domestic contracting industry will increase at a rate of more than 30% in the next two years, and the growth rate will continue to increase. With respect to packaging and testing, it is expected to benefit from The recovery of the industrial chain is expected to achieve a growth rate of nearly 25% in the next two years. Overall, it is expected that the compound growth rate of China's IC industry in the next two years is expected to reach around 30%.
SMIC, China’s largest chip foundry, announced earlier that it has established a semiconductor industry fund with the National IC Fund. In addition, the local version of the IC plan has also been introduced. According to incomplete statistics, there are currently Beijing, Shanghai, More than 20 cities such as Hefei have built or are planning to build an integrated circuit industrial park.
According to statistics from Zero2IPO, as of March, the total amount of domestic government industrial investment funds has reached 1,851, and the total amount of fundraising has exceeded 3.1 trillion yuan. On a single fund scale, the average target size of national funds has reached 61.5 billion yuan. Yuan, far exceeding the provincial government's industrial fund of 14.5 billion yuan. But on the overall scale, local government is the main force of the industry investment fund. As of March 2018, the national fund target size is about 1.5 trillion yuan, and the province The target scale of the three-level local government industrial investment funds in the urban area totals about 7 trillion yuan.
At present, government industrial investment funds mainly invest in strategic emerging industries to guide the development of emerging industries, implement industrial policies, and invest in IT, the Internet, machinery manufacturing, biotechnology and medical and health.