On the morning of the 28th, Anhui Governor Li Guoying went to Hefei to investigate the development of integrated circuit industry. He stressed that it is necessary to put the development of integrated circuit industry in a more prominent strategic position, vigorously improve the industrial chain, strengthen the construction of supplementary chain projects, and promote integration. Circuit design, manufacturing, packaging, testing, materials, equipment manufacturing and other industrial chain development. To accelerate the cultivation of industrial clusters, give full play to leading projects and leading enterprises to take the initiative, and vigorously improve the industrial ecology and enhance the ability of sustainable development.
The data shows that the scale of the semiconductor industry in Anhui Province reached more than 26 billion yuan in 2017, and the number of enterprises increased to more than 150. The total investment in key projects under construction and contracting exceeded 100 billion yuan. In 2017, BOE 10.5 generation line, Hefei Jinghe 12-inch crystal Pan-semiconductor manufacturing projects such as Yuanchang have been put into production. Hefei, Anhui has initially formed an integrated circuit industry chain covering design, manufacturing, packaging, testing, consumables and equipment. In April, there were 26 integrated circuits with a total investment of about 13.8 billion yuan. The project is landing in Anhui.
As the foundation of the global information industry, the integrated circuit industry has gradually become an important indicator of the comprehensive competitiveness of a country or region and a barometer of regional economy driven by industrial capital. The widespread application of integrated circuit products has promoted the advent of the electronic age. It has also become an indispensable part of modern daily life. Due to the promotion of relevant favorable policies and the influence of foreign-invested enterprises to increase investment in China, China's integrated circuit industry has ushered in a period of rapid development.
The data shows that in the first half of 2018, the output of domestic integrated circuits was 85 billion (up 15% year-on-year). In the past three years, the investment in the integrated circuit industry exceeded 100 billion yuan. From 2019 to 2020, the domestic wafer fab expansion peak period. Domestic semiconductor equipment will usher in an important import substitution window. It is expected that domestic IC equipment suppliers will usher in rapid growth from 2019.
Galaxy Securities pointed out in the research report that the recovery of the global semiconductor industry chain is expected to exceed expectations. Considering that the global semiconductor economy will continue to recover and China's semiconductor ecological distribution and state support, it is expected that the design link will maintain a compound growth of around 30% in the next two to three years. It is expected to speed up year by year. It is expected that the next generation of China's OEM industry will grow at a rate of more than 30%, and the growth rate will continue to increase. In terms of packaging and testing, it is expected to benefit from the rebound of the industrial chain, and judge the future of China's packaging and testing. In the year, it is expected to achieve a growth rate of nearly 25%. Overall, investment opportunities in the entire industry of integrated circuits in China are highlighted.
Considering the support of Anhui Province for the development of integrated circuit industry, local integrated circuit enterprise Wenyi Technology (600520.SH), Yutong Technology (002331.SZ) is bound to take the lead in obtaining policy support and continue to benefit; industry leader Changjiang Electronics Technology (600584. SH), Zhaoyi Innovation (603986.SH) and so on will continue to benefit.