Recently, Shenzhen integrated circuit design Longgang service platform officially started operation. The project is a public technology service platform jointly built by Shenzhen Science and technology innovation Commission and Longgang District government. It brings together high-quality resources and services of the national integrated circuit industry. By building an integrated platform for chip design, testing, verification, R & D and service, it helps Guangdong, Hong Kong, Macao and Dawan District build a characteristic cluster of chip industry. The chip industry has now become the core of the digital economy. Its applications range from smart phones and cars to key applications and infrastructure in health care, energy, communication and industrial automation. The performance of chips is getting higher and higher, and all walks of life are becoming more and more dependent on chips, and the demand is rising rapidly. However, the global "chip shortage" in 2021 makes China more aware of the negative impact of "lack of core" on the economy. Over the past decade, the global chip manufacturing capacity has continued to shift to Asia. In 2020, Asia's capacity accounted for 79% of the total, of which China ranked first in the world, accounting for 22%, while Korea accounted for 21%, while Chinese mainland and Japan were 15%, while the United States was only 12%, and Europe was 9%. Taiwan accounted for 21% of the total capacity of the world. But if we look at the whole industry chain of the chip, the United States has 6 exclusive monopolization companies, 2 South Korea and two Taiwan 2 China, among which the ten largest chip companies in the world can be directly or indirectly controlled by the global capital supply channels. Therefore, the chip industry is not only related to the high-quality development of China's future economy, but also related to national defense, science and technology and industrial chain security. The main concerns are as follows:
China's chip industry policy continues to be the first. For China's economy, the development of the chip industry is no less important than energy and food, and compared with the latter two, China's weakness in the chip field is more obvious. China is the world's largest chip consumer market. Due to the late start of China's chip industry and the lack of many core technologies, China can only complete the independent production of some low-end chips, and can only rely on imports for medium and high-end chips. In 2021, China imported chips worth 440 billion US dollars, while oil imports in the same period were only 250 billion US dollars and grain imports were less than 100 billion US dollars. If China's foreign chip factories are excluded, the output value of chips independently produced in China is only $8 billion, and the self-sufficiency rate is only 4%. Therefore, vigorously developing chips has become a national key strategy. Before the 12th Five Year Plan, we began to formulate an overall plan, and launched a large number of policies from the central to local governments to encourage and promote industrial development. In 2000, 2011 and 2014, several policies to encourage the development of software industry and integrated circuit industry, several policies to further encourage the development of software industry and integrated circuit industry and the outline for promoting the development of national integrated circuit industry were issued successively. In 2010, the State Council issued the decision on accelerating the cultivation and development of strategic emerging industries, which made it clear that the integrated circuit industry, as an important part of the new generation of information technology industry, is a strategic emerging industry that the country will focus on in the future. In September 2014, the first phase of the national fund was established, with a registered capital of 98.720 billion yuan and a preferred share of 40 billion yuan. The funds are mainly invested in the fields of chip manufacturing (67%), design (17%), sealing and testing (10%) and equipment materials (6%). In August 2020, the notice of the State Council on printing and Distributing Several Policies to promote the high-quality development of integrated circuit industry and software industry in the new era (hereinafter referred to as "No. 8 document") was issued to support the development of integrated circuit and software industry from the aspects of Finance and taxation, investment and financing, R & D, import and export, talents, intellectual property rights, market application and international cooperation, and proposed that China's chip self-sufficiency rate should reach 70% by 2025. The "No. 8 document" policy has unprecedented strength. For example, the new tax policy will exempt the production enterprises and projects with a manufacturing process of less than 28nm from the enterprise income tax for a period of up to 10 years if they meet the conditions. In May 2021, vice premier Liu He led a technical working group meeting to discuss the methods of developing the third generation semiconductor technology. With the continuous introduction and implementation of industrial policies, the industrial environment is becoming more and more mature and perfect. Following the 13th five year plan, more and more provinces and cities will enter the ranks of "100 billion" output value scale of the chip industry during the 14th five year plan. According to the sales revenue, the current chip output value has exceeded the "200 billion level" in Jiangsu, Shanghai and Guangdong.
Second, the bay area chip industry is developing rapidly. After more than 20 years of development, in the pattern of China's chip industry, the Yangtze River Delta, Beijing Tianjin Hebei region and Dawan district are important three poles. The Yangtze River Delta is represented by Shanghai's chip manufacturing and design, Beijing Tianjin Hebei is particularly prominent in Beijing's design capacity, and Dawan district is the largest consumer application market. China's chip use accounts for 60% of the world, of which 60% is used in Guangdong, Hong Kong and Macao Bay area. In the information technology industry planning of Guangdong Province, chips have been placed in an important position of industrial upgrading. The provincial government has given strong support, fully promoted the implementation of the "strong core project", and built a new pattern of integrated circuit industry development, including building the "four beams" of the industry in terms of funds, platforms, universities and parks, from manufacturing, design, sealing and testing, materials, equipment, parts Build "eight pillars" in professional fields such as tools and applications. As the core city of Dawan District, Guangzhou has listed the integrated circuit industry as a key development industry since 2018, and has specially issued several measures to accelerate the development of the integrated circuit industry. It proposes to implement seven major projects: chip manufacturing improvement, chip design leap, packaging and testing strong chain, supporting industry supplement chain, innovation capability breakthrough, industrial collaborative development and talent introduction and cultivation. In terms of industrial chain layout, aiming at the pain point of the lack of semiconductor manufacturing links, Guangzhou actively introduced core enterprise Yuexin semiconductor, which not only filled the gap of chip manufacturing in Dawan District, but also accelerated the agglomeration of upstream and downstream of the industrial chain in Guangzhou. Since its establishment in Guangzhou, the Yuexin project has also attracted 88 semiconductor enterprises from the fields of chip design, packaging testing and terminal application, covering the upstream and downstream industries such as equipment and materials, and 15 enterprises with a turnover of more than 100 million have settled in the development zone. As the forefront of the chip industry chain, Shenzhen has also increased its industrial layout and planning in recent years, and successively issued a number of policies to support the development of the chip industry, such as the implementation plan of Shenzhen on further accelerating the development of strategic emerging industries, the action plan of Shenzhen on further promoting the development of the integrated circuit industry (20192023), and several measures on accelerating the development of the integrated circuit industry. In Longgang District, Shenzhen has also initially formed a whole integrated circuit industry chain pattern with Baolong Industrial Zone, Luoshan industrial zone and Bantian street as the carrier, chip design, manufacturing and sealing test as the core, upstream and downstream related electronic industries as the support, and leading enterprises such as Hisilicon, xintianxia, founder microelectronics and Huaxia semiconductor as the main body. By the end of 2020, there were 327 chip enterprises in Shenzhen. Among them, the number of design enterprises is the largest, accounting for 70.03%, followed by sealing and testing (11.93%), equipment (14.98%), materials (2.14%) and manufacturing (0.92%). The development of Hong Kong's chip design industry has also made good achievements. In 2018, it became the fastest growing city of China's chip design industry with a growth rate of 132.98%, and a number of small and beautiful Hong Kong chip design companies targeting specific markets and specific needs have emerged, such as crystal gate technology under Huada semiconductor, which specializes in touch IC design, It has launched the world's first touch and display driver integration (tddi) chip for PMOLED (passive matrix organic light emitting diode) panel. Its target applications include wearable, smart home and smart medical devices.
Third, the bank's scientific and innovative financial services have achieved remarkable results. The development of chip industry is inseparable from the services and support of commercial banks and other financial institutions. The success of Silicon Valley in the United States is the perfect combination of Finance and technology. It is true that the financial services of commercial banks are not only the provision of funds, but also the assessment and grasp of project risks and development direction, as well as cross-border assistance in the introduction of better technology and talents. Whether it is commercial banks, securities companies, private equity funds or venture capital, the understanding and understanding of chip, a highly capital intensive and knowledge intensive emerging industry, will be more comprehensive and rigorous. While controlling risks, it can also match appropriate products and find better partners for the project. In order to support the development of the chip industry, China's commercial banks have accelerated the layout of scientific and innovative financial services. Many banks disclosed the results of the exhibition in their 2021 annual reports. For example, Bank Of China Limited(601988) with the service mode of "specialization and innovation", has granted credit to more than 15000 customers and provided comprehensive support of about 1.26 trillion yuan in the field of science and technology finance, including more than 820 billion yuan of science and technology credit support, nearly 36000 credit customers, more than 130 billion yuan of capital investment support in science and technology equity investment, bond investment and leasing, and the number of characteristic outlets of science and technology finance has grown to 93 Industrial And Commercial Bank Of China Limited(601398) signed a strategic cooperation agreement with the Ministry of science and technology, implemented the special action of "ten million" for scientific and technological financial innovation services, initially formed a service pattern driven by "scientific innovation + strategic emerging industries", and the balance of loans to enterprises in high-tech fields and strategic emerging industries supported by the state exceeded 1 trillion yuan Agricultural Bank Of China Limited(601288) accelerate the construction of scientific and innovative financial service system, maintain the first mover advantage in marketing of specialized and new "little giant" enterprises, and the loan balance of strategic emerging industries exceeded 850 billion yuan China Construction Bank Corporation(601939) aiming at "specialization and innovation", we have created a "technology flow" credit evaluation system of "looking at patents without looking at bricks", covering 277000 high-tech enterprises across the country. We have implemented the integration and innovation of intelligence and financing with the "entrepreneur's harbor", provided credit support of more than 30 billion yuan for more than 9000 enterprises entering the Gulf, and relied on the advantages of the group's full license, linked various resources to support the development of scientific and innovative small and medium-sized enterprise clusters, so as to stabilize the foundation of economic recovery Bank Of Communications Co.Ltd(601328) using internal and external data, establish and improve the list database and label pool of scientific and technological financial customers, focus on ten business scenarios such as start-up capital, venture capital, introduction of war investment and enterprise listing, and provide one-stop services of full equity and debt financing and whole process for scientific and technological enterprises, serving 23000 credit customers of scientific and technological finance and 527 specialized "little giant" enterprises China Citic Bank Corporation Limited(601998) launched the "more than credit" comprehensive financial service system for scientific and technological innovation enterprises. Based on the key financing support given to scientific and technological innovation enterprises in the early stage of development, it gives full play to the ability of resource integration, connects industrial capital, private equity funds, securities firms, investment banks and other financial institutions, and sets up financial consulting, capital operation, war investment introduction The open and inclusive financial service ecology, such as financial norms and post listing capital market financing, provides science and innovation enterprises with a full cycle, one-stop and package of comprehensive financial services.
