Chip Industry Support** is about to set up

The state will invest heavily to support the development of the IC industry. The 120 billion yuan national chip industry support fund is expected to be announced in the near future. Analysts said that with the escort of national team funds, IC chip equipment, design, manufacturing, and packaging companies are expected to usher in rapid development.

Corporate operation

At present, China's annual import of IC chips exceeds US$ 190 billion, which is comparable to the import of crude oil. How to get rid of external dependence and gradually realize domestic substitution is the most important thing in China's localization of information technology. According to a reporter from the China Securities Journal, the country has now completed the “Outline for Promoting the Development of the Integrated Circuit Industry” and clearly supported the development of the IC industry with financial support and equity investment funds.

One person in the industry frankly stated that funds have become the major bottleneck restricting the development of the integrated circuit industry. "In China's IC industry, over a decade of science and technology has invested more than 100 billion yuan, but compared with large international companies, the domestic industry-wide input is only 1/6 of Intel." He said that the importance and necessity of capital in promoting the development of integrated circuit industry It has been recognized that the way in which government finance guidance and equity investment funds work together is considered to be an effective means.

According to the above sources, under the guidance of this idea, the national chip industry support fund is expected to be announced in the near future and the scale will reach 120 billion yuan. The state financial allocation is 40 billion yuan, and the remaining funds depend on social fundraising.

“At present, a number of central SOEs are expected to become the promoters of the fund, and China’s tobacco, mobile operators, and chip packaging companies will all be among them. The fund will adopt a corporate operation, specialization operations, and focus on supporting integrated circuit chip equipment. Design, manufacturing, packaging and other subdivided areas.

"The establishment of an industry support fund of 120 billion yuan will exceed the investment in research and development for more than a decade. This will greatly reduce the gap between the capital investment of developed countries and the chip industry." The above sources said.

Analysts believe that the general trend of localization of chips has been irreversible, and capital investment in related areas is expected to achieve geometric growth. In this context, breakthroughs in core technologies and localization will enter a peak period. Including cloud computing, Internet of Things, big data, digital TV and other important areas of chips, will be expected to achieve import substitution. On the industrial chain, equipment, design, manufacturing, and packaging companies of integrated circuit chips are all expected to usher in rapid development.

Create local funds more

The radiation effect of the chip is very obvious. According to the calculation of the International Monetary Fund, the output value of one yuan chip can bring about 10 yuan output value of the relevant electronic information industry and bring 100 yuan of GDP contribution, which has a positive impact on solving local employment and realizing local economic transformation.

In fact, earlier than the national team, local governments have begun to create a local version of the chip industry equity investment fund to foster the growth of the IC industry. After Beijing announced the establishment of a 30 billion yuan equity investment fund to create an integrated circuit industry at the end of last year, Wuhan, Shanghai, Shenzhen, Hefei, Anhui, and Shenyang also accelerated their progress.

An industry veteran said that the local version of the fund will also play the role of government funding guidance, expand funding channels such as venture capital funds, encourage and attract institutional investors, industrial capital and overseas capital to participate in the establishment of integrated circuit industry development fund. On the one hand, the fund will support the coordinated development of the integrated circuit industry chain with equity investment, and on the other hand, it will promote the merger and reorganization of key enterprises and the construction of industrial parks. This will undoubtedly benefit Hai Si, Spreadtrum, and SMIC. Changjiang Electronics and other internationally renowned leading companies.

According to industry sources, the proposed "national version" support policy will undoubtedly have an important demonstration and promotion effect on local support policies. In 2014, a number of places will issue semiconductor industry development plans and related investment promotion and support policies, and establish related industrial development funds.