Integrated circuits from low-end to high-end

The global integrated circuit industry has shown a shift from developed to developing regions. After more than ten years of self-accumulation in China's domestic integrated circuit industry, and relying on national policies to support growth at a rate much higher than the global average, it has begun to take shape, with the birth of Hass, Spreadtrum, SMIC, and Changjiang Electronics Technology (600584). , Share it) and other internationally renowned leading enterprises. Taking advantage of the rapid spread of mobile smart terminals and the huge consumer market in mainland China, China's mainland integrated circuit industry has gradually formed a demand structure of “consumer market, terminal brand merchants, chip design, wafer manufacturing, and packaging and testing”. Promote and develop together. Under the guidance of a new round of national support policies, China's integrated circuit industry will maintain a relatively rapid growth rate, and it will be driven by cheap labor force to R&D design, and from the low end to the middle and high end.

Those who have to "move" have the world. From a global point of view, the current PC industry has entered a recession period from maturity, and the growth of the integrated circuit industry has changed. It has mainly come from the pulling effect of downstream mobile intelligent terminals. The fastest-growing companies in the sub-industries ranging from design, manufacturing to packaging and testing are all focused on mobile terminal products. It is expected that this trend will continue in the coming years, and that emerging markets with medium and low-end products will grow at a faster rate.

The design industry has become the main driving force for the development of China's integrated circuit industry. Among the various sub-sectors of the mainland's IC industry, the labor-intensive packaging and testing industry started the earliest and led to the early industrial transfer. This is the source of the development of China's mainland IC industry in the past. In recent years, China's excellent design companies have grown rapidly. Orders from design companies from mainland China account for a higher proportion of manufacturing and testing companies such as SMIC and Changjiang Electronics, and the industrial chain has entered a new stage of development driven by the design industry.

The massive domestic market and the rising domestic terminal manufacturers are strong guarantees for the long-term development of China's integrated circuit industry. In 2013, the sales of integrated circuit products in mainland China accounted for more than one-third of the global market. Currently, the industry chain of “Mainland Consumer Markets - Mainland Terminal Brands - Mainland Chip Design - Continental Wafer Manufacturing - Mainland Packaging Test” has been gradually formed. Demand structure. Downstream domestic terminal brands such as China UnionPay and Xiaomi have rapidly emerged in the era of mobile terminals. In 2013, the shipment of smart phone manufacturers in China accounted for more than 20% of the world's total shipments and showed an upward trend, which will directly drive the local IC industry from designing. Industry to the full rise of the packaging and testing industry.

A new round of government support policies is expected to “plug in wings” for the development of the IC industry. The government-led support policies for the integrated circuit industry, such as the "863 Project" and "National Major Project 02," have provided strong support for China's outstanding enterprises. We anticipate that the upcoming new round of support policies will be better than ever in terms of scale and mechanism design. Our judgment policy will mainly focus on strengthening the long-term mechanism for coordinating central and local governments, and solving the IC industry investment. Funding bottlenecks, creating an ecological environment that conforms to the law of industrial development, and strengthening the degree of openness to the outside world; the policy will focus on integrated circuit manufacturing (mainly chip manufacturing) as the center and industrial funds as the means to achieve full industry chain support.