1. The transfer of funds will set up a new 300 billion semiconductor fund;
According to a report by the Wall Street Journal citing people familiar with the situation, in the short term mainland authorities will announce the establishment of a new 300 billion yuan fund to develop the semiconductor industry and accelerate the shortening of the technological gap with the United States. However, analysts Concerned that the mainland’s establishment of the fund at this time may further undermine the allegation of the United States’ “high level of government involvement” in the mainland, which may further intensify the tension between the Sino-US trade frictions.
In fact, as early as 2014, the mainland had officially raised 139 billion yuan to establish the "China Integrated Circuit Investment Fund" (commonly known as the "large fund"). The main purpose was to develop the semiconductor industry.
The above-mentioned new fund of 300 billion yuan will also be funded by the "big fund", including mainland China's central and local governments, and the high-tech industry will all be funders. However, the source said that the current fund-related fund-raising. Limits, operational details, etc. have not yet been finalized, and there are likely to be amendments in the future.
However, the Wall Street Journal also quoted sources as saying that the mainland’s efforts to develop the semiconductor industry have been under pressure from the United States in the past. Once the new fund is established, the United States has accused the mainland of using “reasonable government intervention” and “national security”. More justly, William Reinsch, a former U.S. trade official, pointed out that the establishment of a new fund by China may help the United States to complain about unfair practices.
Analysts said that after the mainland established a “major fund” in 2014, the United States’ pressure on the mainland’s science and technology policy was no small. The establishment of a new fund was equivalent to the mainland’s declaration to the United States “that it will redouble its efforts to develop the local semiconductor industry”. It will become the new explosion point of Sino-US trade friction in the future.
2. The second-phase fund-raising plan of Chuan-grant Fund was approved, with a guarantee of RMB 150 billion;
According to the micro-networking news, the second phase of the fundraising plan for China National IC Industrial Investment Fund (Large Fund) has been approved by the State Council of China. The scale of this fundraising has been officially “guaranteeed” by RMB 150 billion, and the main target will be locked-in. Intelligent (AI), Internet of Things and other technology areas.
The New Zealand Office held a press conference a few days ago to reveal that the second-stage fund is raising funds. The scale of the fund-raising is at least RMB 150 billion. There are even industry figures who estimate that the fund-raising will amount to RMB 400 billion.
The report pointed out that the size of the second-stage fundraising of the big fund will exceed the first period, and the investment plan will be mainly based on China's national strategy and emerging industries, such as smart cars, smart computers, artificial intelligence, Internet of things, 5G, etc., and will support equipment materials. industry.
Chen Yin, chief engineer of the Ministry of Industry and Information Technology, pointed out that China still has gaps in chip design, manufacturing capability and talent team, and China will accelerate the promotion of breakthroughs in core technologies. At the same time, we welcome the ongoing second-phase capital raising. All parties involved in business.
3. Taiwan media: Mainland China is developing semiconductor technology research and development is the last word
Faced with the United States step by step, recently announced that the mainland is ready to invest 300 billion yuan to establish a semiconductor fund, as the backing for the development of local chip technology, the mainland save money to establish a fund to support the semiconductor industry is not the first time since the mainland semiconductor industry in recent years Looking at the development trajectory, the predicament faced by the mainland semiconductor industry is not lack of money, but lack of technology. Therefore, starting from R&D, technology, and production, it may be possible to earn a solid new ground for the mainland semiconductor industry.
In fact, as early as this new fund, the mainland has become a “China Integrated Circuit Investment Fund”, commonly known as the “big fund,” including leading mainland Chinese giants such as SMIC, which have benefited from the support of the fund, but SMIC In the 17 years since its development, its process technology has still been difficult to compare with the top tier companies in the world. It shows that the development of the semiconductor industry is absolutely impossible.
In addition, mainland China’s technology industry has been quite eye-catching in the past few years. However, this happened in the semiconductor industry, which has caused the mainland industry to suffer. Take 2015, the highest peak of mergers and acquisitions in the mainland semiconductor industry, as an example. There are only two companies in the land-based mergers and acquisitions, namely American High Way Semiconductor and Taiwan's Force Technology, and such mergers and acquisitions did not bring technical resources to the Luchang enough to support its competitiveness.
Another noteworthy phenomenon is that the development of the semiconductor industry in mainland China has been dominated by the official industry. From the experience of the Taiwanese semiconductor industry, TSMC and UMC did have the support of government funds from the outset, but later the official also Successively letting the industry develop itself, this created the dominance of TSMC today.
Judging by the above examples, if the mainland semiconductor industry wants to achieve breakthroughs, including relying on the government, the old thinking of barbarous mergers and acquisitions should be abandoned. After all, the semiconductor industry is an industry that competes with world-class companies, technology research and development, and talent cultivation. It is the absolute principle.