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On December 30, Shanghai Municipal Economic and Information Technology Commission issued the 14th five year plan for the development of Shanghai’s electronic information industry. It is planned that by 2025, the scale of Shanghai’s electronic information industry will exceed 2.2 trillion yuan. Key areas include electronic information manufacturing (the plan points out that with integrated circuits as the core guide, we will improve the energy level of the whole industrial chain of chip design, manufacturing, packaging and equipment materials; give priority to the development of basic support fields, focusing on the next generation of communication equipment, new display, automotive electronics and other basic support fields; vigorously promote terminal innovation, that is, focusing on the Internet of things, intelligent terminals, intelligent sensing, ultra-high definition video and intelligent health care And other fields), software and information services (focus on basic software, industrial software, industrial software and platform software, further promote the integrated application of information technology in industrial and social development, and improve the development level of network security industry) Frontier emerging fields (third generation semiconductor, 6G communication, quantum computing, metauniverse, new generation information technology integration application, new generation security technology).
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Integrated circuit: 1) plan and propose chip design links, accelerate the R & D and design of high-end processor chips and memory chips, improve design capacity, promote the construction of electronic design automation (EDA) platform, and improve the market recognition of innovative products. In the manufacturing process, accelerate the research and development of advanced technology, strengthen the characteristic technology, and strive to double the production capacity. Packaging and testing links, accelerate the layout of advanced packaging and testing technology and capacity improvement, and promote the integrated development of manufacturing, packaging and testing. Equipment and materials, strengthen the innovative development of equipment and materials, break through the core process equipment of integrated circuits, improve the production capacity and technical level of basic materials and process materials, support the development of advanced packaging materials and strengthen local supporting capacity. 2) At present, there are 25 listed semiconductor enterprises in Shanghai, which is the city with the largest number of listed semiconductor enterprises in China, covering design ( Will Semiconductor Co.Ltd.Shanghai(603501) , Montage Technology Co.Ltd(688008) , Galaxycore Inc(688728) , Amlogic (Shanghai) Co.Ltd(688099) , Shanghai Fudan Microelectronics Group Co.Ltd(688385) , Verisilicon Microelectronics (Shanghai) Co.Ltd(688521) , Shanghai Awinic Technology Co.Ltd(688798) , Bestechnic (Shanghai) Co.Ltd(688608) ), manufacturing ( Semiconductor Manufacturing International Corporation(688981) ), equipment materials ( Advanced Micro-Fabrication Equipment Inc.China(688012) , National Silicon Industry Group Co.Ltd(688126) , shengmei Shanghai). It is suggested to pay attention to the supporting policies in the later stage.
New display: 1) the plan proposes to take the midstream panel manufacturing enterprises as the leader, promote the linkage between the breakthrough of upstream core technology bottlenecks and the development of downstream terminal applications, expand the production capacity of small and medium-sized display screens, accelerate the technological breakthrough of upstream core equipment, materials and driver chips, and cultivate new growth points of AM-OLED technology applications in the fields of on-board display screens, notebook display screens and intelligent terminals, Encourage the development of new generation display technologies such as mini led, micro led and micro OLED. 2) It is suggested to pay active attention to Shenzhen Tianma, the leader of small and medium-sized enterprises with three production lines in Shanghai, and Shanghai small and medium-sized AMOLED enterprises Everdisplay Optronics (Shanghai) Co.Ltd(688538) .
Third generation semiconductors: 1) the plan proposes to carry out key material design and preparation process research, and accelerate the replacement of traditional silicon devices by third generation semiconductor RF and power devices. 2) The third generation semiconductor materials have wide band gap, high breakdown electric field, high thermal conductivity and high electron saturation rate, so they are more suitable for making high temperature, high frequency and high power devices. At present, the market scale of the whole silicon carbide power device is about US $1 billion. According to yole’s prediction, the market scale of the whole silicon carbide power device is expected to reach US $5 billion by 2026, of which more than 60% is used in the field of new energy vehicles.
Metauniverse: 1) the plan proposes to strengthen the forward-looking research and development of the basic ability of the underlying core technology of metauniverse, promote the development of new terminals for deepening perceptual interaction and the construction of systematic virtual content, and explore industrial applications. 2) As an important carrier of the meta universe, with the continuous breakthrough of hardware technology and the continuous maturity of cloud computing, AI and 5g technology, the demand for AR and VR is growing rapidly.
Investment advice
We are optimistic about the development of integrated circuits and new display industries in Shanghai. We suggest to actively pay attention to Shanghai Awinic Technology Co.Ltd(688798) , Bestechnic (Shanghai) Co.Ltd(688608) , shentianma and other enterprises.
Risk statement
Industry competition intensifies and technology iteration risks.
