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The establishment of the National Integrated Circuit Investment Fund focuses on investing in the chip manufacturing industry
Publish Time:
2021-10-12 16:48
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The Ministry of Industry and Information Technology officially announced the recent establishment of the National Integrated Circuit Industry Investment Fund. This newly established fund will primarily invest in integrated circuit chip manufacturing, while also supporting chip design, packaging and testing, equipment, and materials industries. It will operate on market principles and be professionally managed.
Focus on Investing in Chip Manufacturing
According to the announcement, the National Integrated Circuit Industry Investment Fund is structured as a company. Initiated by institutions such as the State Development Bank Financial Leasing Co., Ltd. and the tobacco industry, it will attract investment from large enterprises, financial institutions, and social capital to establish the National Integrated Circuit Industry Investment Fund Co., Ltd.
The integrated circuit industry is mainly divided into three segments: design, manufacturing, and packaging and testing. The Ministry of Industry and Information Technology's website shows that the fund will use various forms of equity investment, focusing on integrated circuit chip manufacturing while also supporting chip design, packaging and testing, equipment, and materials industries. It is expected that Pudong integrated circuit enterprises and chip manufacturing giants such as SMIC and Shanghai Hua Hong Grace Semiconductor Manufacturing Co., Ltd. will benefit.
Currently, domestic enterprises lag behind foreign companies in chip manufacturing. Major domestic chip manufacturers currently use 45-nanometer processes. However, companies like Intel and TSMC have already moved to 16-nanometer processes. Industry insiders believe that insufficient capital investment is the main reason for the backwardness of domestic chip manufacturers. After learning about the establishment of the National Integrated Circuit Industry Fund, SMIC stated: "Following the Outline, we see the continuous rollout of concrete measures. This shows the government's emphasis on the integrated circuit industry, and we are very confident in our future development." This was stated by SMIC.
Driving Adjustments in Chip Industry Layout
It is understood that the fund will mainly be used for asset mergers and acquisitions. Currently, over 90% of China's integrated circuit industry consists of small and medium-sized enterprises. The establishment of the investment fund, coupled with national financial policy support, is likely to lead to a surge in industry mergers and acquisitions in the future.
Before the release of the Outline, Tsinghua Unigroup, one of the initiators of the fund, had already become a major state-owned chip enterprise through two acquisitions, transforming from a "newcomer" in the chip industry. Pudong has also begun to optimize its industrial layout using capital. Since last year, mergers and acquisitions have become a new model for driving industrial development.
Industry insiders say that based on the experience of global integrated circuit industry development, continuous government policy support is the foundation for the rapid development of the integrated circuit industry. The establishment of the industry investment fund provides strong support for China's integrated circuit industry to accelerate its catch-up with the world's advanced level.
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