The semiconductor industry is an important foundation for national scientific and technological innovation and the focus of global competition. After experiencing challenges such as the impact of the epidemic, tight supply, and punishment obstacles, China's semiconductor industry has ushered in new development opportunities: national policy support has increased, market demand continues to vigorously, and local enterprises have accelerated innovation breakthroughs. In this context, there are three major areas worthy of our attention and expectations. They are equipment materials, design tackling and large funds restart.
Equipment materials are the "cornerstone" of the semiconductor industry and the "shortcoming" of China's semiconductor industry. For a long time, China has rely on imports in this field, especially in terms of high -end equipment and key materials, and there is a large gap with international advanced levels. However, in recent years, with the changes in the domestic and foreign situations, Chinese equipment and material companies have ushered in the opportunity to "roll the soil". On the one hand, the deepening of domestic and foreign manufacturers with technical support and market demand for local enterprises; on the other hand, state support and capital injection provided local enterprises with the motivation to guarantee and develop. According to statistics, in 2022, the sales revenue of semiconductor equipment manufacturers above designated size was 59.3 billion yuan, an increase of 53.6%year -on -year. From January to August 2023, the local manufacturers "seized" nearly half of the contract in all mechanical and equipment bidding of Chinese chip manufacturers. It is expected that the sales of local semiconductor equipment will increase by about 38%throughout 2023.
Of course, we must also see that the development of Chinese equipment and material companies still face many challenges, such as technical bottlenecks, market competition, homogeneous internal rolls, etc. Especially in the field of high -end equipment such as lithography machines and ion injection machines, foreign manufacturers still occupy an absolute advantage. If Chinese companies want to achieve breakthroughs, they need long -term technical accumulation and market verification. Therefore, we cannot be blind and optimistic, nor do we must be self -sufficient, but we must maintain a clear understanding, strengthen independent innovation, enhance core competitiveness, and strive to achieve "rolling their place" in the field of equipment and materials.
Design is the "soul" of the semiconductor industry and the "highlight" of the semiconductor industry in China. As the world's largest consumer consumer in semiconductor components, Chinese design companies have undergone a large number of local customers' "thousands of refined" and have strong competitiveness. Due to the uncertainty of the international environment, Chinese chip manufacturers have also shifted to domestic design companies. In 2022, there were 433 new chip design companies in China, with a total of 3,243, with a growth rate of 15.4%.
Last year's total sales also increased to approximately 534.6 billion yuan. From the perspective of regional distribution, the Yangtze River Delta is an out -of -the -box leader, and its design enterprise revenue accounts for more than 50%of the national chip design income. Chip design companies in Wuhan, Xi'an and Chengdu have risen high -profile. Compared with first -tier cities, they have the same excellent college graduates and lower labor costs and environmental costs.
However, there are also some problems with the development of Chinese chip design companies, such as small scale, uneven income, and excessive capitalization. In 2022, 566 with an annual income of more than 100 million yuan. Their total revenue last year was 494 billion yuan, accounting for 92%of the total industry revenue. The remaining 2677 companies got only 41 billion yuan. Each company has an average of 1.5 million yuan in income.
The income of most chip design companies is difficult to support themselves, relying on venture capital and government subsidies to survive. In 2022, a total of 25 chip design companies were listed in public, with a total market value of 472 billion yuan. Some young semiconductor companies are "running and listed", highlighting the problem of "excessive capitalization", which may lead to short -sighted behavior and foam risk.
In addition, the income of most chip design companies in China still comes from the "traditional" consumer electronics industry and the telecommunications industry. Most of them are "simple" chips designed for mature craft nodes. The question they need to overcome is how to move to the upstream of the chip value chain while avoiding sanctions to enhance the complexity and added value of the design. It can be said that first -class design capabilities exist, but if you cannot go to TSMC or Samsung "flow",the cutting -edge design is also suffering from no use of martial arts.
Therefore, for top design companies, the government needs to continue funding in some way to maintain its high -level design capabilities, although the return on investment is very limited. At the same time, equipment development must be accelerated, otherwise the "hind legs" of the design industry will be dragged. For small and medium -sized design companies, it is necessary to strengthen cooperation and integration, improve scale efficiency and market influence, and at the same time expand new application areas and technical directions, and enhance their innovative ability and competitiveness.
The restart of the large fund is the "booster" of the semiconductor industry, and it is also the "confidence" of the semiconductor industry in China. The first phase of the National Integrated Circuit Industry Investment Fund (also known as the "Big Fund") was established in September 2014, with a registered capital of 98.72 billion. The major shareholders are the Ministry of Finance and contributed 36 billion. The second shareholder is the State Caikai Finance under the Bank of China, which contributed 22 billion. The second phase of the Great Fund was established in October 2019, with a registered capital of 204.15 billion.
The establishment of a large fund reflects the country's high attention and strong support for the semiconductor industry, and provides strong funding guarantee and policy guidance for the development of the semiconductor industry. It is reported that a total of nearly 200 semiconductor companies have invested in the first and second phases of the Great Fund, covering all aspects of chip design, manufacturing, packaging testing, equipment materials and other industrial chains, effectively promoting the technological progress and market expansion of the semiconductor industry.
At present, the third phase of the Great Fund is coming. According to market news, it is planned to raise a financing of 300 billion yuan, which will continue to focus on the key areas and shortcomings of the semiconductor industry, and increase the support for investment in advanced craftsmanship, memory, high -end seal testing, special crafts, equipment materials and other fields. Emerging application areas and technical directions, such as artificial intelligence, Internet of Things, automotive electronics. The investment in the third phase of the Great Fund will further enhance the overall strength and international competitiveness of China's semiconductor industry, and lays a solid foundation for the long -term development of the semiconductor industry.
In short, the restart of equipment materials, design tackling and large funds is the three key areas of China's semiconductor industry and the three new opportunities for the semiconductor industry in China. In these fields, we must not only see the progress and achievements of the semiconductor industry in China, the lack and difficulties of China's semiconductor industry, but also the potential and hope of the Chinese semiconductor industry.
We believe that as long as we adhere to independent innovation, strengthen win -win cooperation, and continue to invest in support, China's semiconductor industry will definitely achieve high -quality development and make greater contributions to national scientific and technological innovation and economic and social development.
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