Analysis of Integrated Circuit Support Policy Concepts

On June 24, the State issued the "Outline for Promoting the Development of the National IC Industry Industry," and the "Outline" proposed the establishment of a national industrial investment fund for the first time. After more than a month of active preparation, Anhui, Shandong, Gansu, and Guangdong have issued local integrated circuit development policies, which have put forward specific requirements for promoting the upgrade and transformation of the local integrated circuit industry.

Gansu's four ministries and commissions jointly issued plans to strive to achieve a revenue of 15 billion yuan in the main business of the integrated circuit industry in the province by 2020, nurturing the top ten companies in the IC packaging and testing industry.

Shandong said that by 2015, it will establish a policy environment and innovation mechanism conducive to the development of the integrated circuit industry, and the sales revenue of the integrated circuit industry will exceed 20 billion yuan. Built 20-30 integrated circuit design centers, focusing on cultivating and introducing 3-5 integrated circuit chip manufacturing, packaging testing and material production enterprises with international advanced level, and establishing two influential integrated circuit industrialization bases in China.

The General Office of the Anhui Provincial Government recently issued the "Opinions on Accelerating the Development of the Integrated Circuit Industry", and defined the next two phases of the IC industry's development goals from industrial scale, application of key areas, and construction of industrial clusters to the industry by 2017. The total output value exceeds 30 billion yuan. In 2020, we will strive to double this basis, and the chip localization rate for display panels, home appliances, automotive electronics and other fields will reach about 20%, forming an integrated circuit industrial cluster area centered on Hefei.

The first China IC Innovation and Development Forum was held in Beijing on the 8th of this month. Beijing’s 30 billion yuan IC industry fund will invest more than half of its funds in IC manufacturing. The Beijing Economic and Technological Development Zone has guided and assisted integrated circuit companies in the region to undertake national and Beijing science and technology projects, and actively connected with key scientific and technological departments such as the Ministry of Science and Technology and the Beijing Science and Technology Commission. At the same time, it has also actively provided financial support for enterprises and has specifically introduced The special fund policy for scientific and technological innovation allocates RMB 1-150 million yuan each year to support technological enterprises to innovate.

The support policies of the IC industry have been introduced one after another, which can be regarded as the response to the "National Outline for the Development of the Integrated Circuit Industry" introduced at the end of June. Under the circumstances that accelerate the landing, China's integrated circuit industry is expected to usher in the golden period of development. It is expected that the market for related concept stocks will be active, and investors can actively focus on it in the near future.

[concept share analysis]

Changjiang Electronics Technology Corporation is leading the technology in both the TSV technology and MIS materials. In the future, these two areas will have a market space of nearly US$10 billion, and the inflection point of high-speed penetration will come soon, which is expected to be the biggest benefit of the industry-scale outbreak growth. By. The inflection point was established in the second quarter. The company announced its pre-increase announcement on July 2 and achieved a net profit of around 50 million yuan in the second quarter. The company cooperates with SMIC, the largest wafer fab in China, to build a 12-inch Bumping production line, and further integrates advanced packaging processes such as FC from the wafer production link; in addition, it plans to raise funds by 1.2 billion yuan in non-public issuance and invest an annual output of 950 million yuan. The Flip Chip packaging project has been approved by the China Securities Regulatory Commission.

Huatian Technology Co., Ltd. is a national famous IC packaging company with strong profitability. Xi'an and Kunshan's two subsidiaries are the engines of Huatian Technology's growth, and the overall situation of Titanium is gradually improving. New technologies such as fingerprint recognition bring new space for TSV growth. The company said: The 40nm integrated circuit advanced packaging and testing industrialization project is currently progressing well and it can be implemented this year. It is expected that production capacity can be released by 2015. Xi'an plans to invest 528 million yuan to increase its FC production capacity and form a complete industrial layout with Titanium.

Tongfang Guoxin is the first member of the domestic smart card chip industry: The company's main business is smart cards and USB-key chips. The products include second-generation ID chips, social security card chips, residential health card chips, financial IC card chips, and SIM cards. Chips, near-field payment chips, etc. The other subsidiary of Tongfang Guoxin is China National Microelectronics Co., Ltd., which is a leading enterprise in the domestic special components industry and is the company with the most categories and the most complete varieties in the domestic special component industry. Up to now, the company has completed nearly 200 products, with a total investment of more than 900 million yuan for scientific research, of which the "nuclear high base" has a major special support fund of more than 300 million yuan.

Beijing Junzheng Company is the R&D and sales of 32-bit embedded CPU chips and supporting software platforms. The technology accumulation of chip design has always been its main advantage. The power consumption advantages of the company's AP chip products are extremely obvious, its low power consumption advantages are more prominent in the field of smart watches, and its price/performance ratio is higher compared with similar products. The current problem lies mainly in the adoption of smart wear as a new type of consumer electronics among users. Uncontrollability, smart wear shipments were less than expected, which led to lower-than-expected demand for embedded CPUs.

Yuanyuan Stock Company adopted the combination of "valuation of donated assets + capitalization of common reserve fund" to implement the consideration arrangement for share reform, and obtained Intel Microelectronics' operating assets. Hao Yuan Industrial transformed itself into a mobile Internet chip design company. The processor designed by the company belongs to the most mainstream ARM architecture in the industry. Compared with the companies that use the MIPS core in the industry, the company's architecture has a better ecosystem and is in line with the market's future development trend. In addition to the success in the tablet PC market, the company has proactively deployed intelligent OTT, smart home and smart wearable processor markets.