Ten billion level chips in many places: who supports and who is responsible

category:Finance
 Ten billion level chips in many places: who supports and who is responsible


Multi site core making project suspended

According to public reports, semiconductor manufacturing projects in Sichuan, Guizhou, Jiangsu, Hubei, Hebei and other provinces in the past two years have been in tatters, with huge investment in the water and factories and equipment seeking second-hand connections.

For example, angyang company, which covers an area of 30 mu in Shijiazhuang circular chemical park, Hebei Province, has a total investment of 1 billion yuan and covers an area of 255 mu. It aims to produce high-end IGBT chips, which was once listed as a key project in Shijiazhuang and Hebei Province. However, the project died in 2018, and the founders were also involved in disputes.

It was only in early October of this year that the grid core factory in Chengdu, Sichuan Province, was closed for more than two years. It was only in early October that a new company with the former vice president of SK Hynix, Choi jinseog, as the legal person, took over the offer.

In addition, there are some projects, such as dekema semiconductor project in Nanjing, Jiangsu Province, and huaxintong project in Guian New District of Guizhou Province, which are difficult to sustain in business and eventually go bankrupt.

In an interview with a reporter from China Securities News, the person in charge of an IC foundry in China once said frankly that there are indeed some teams that claim to be industry experts fooling around all over the country. Sometimes, due to the consideration of political achievements and other aspects, local governments hasten to mount up without clear assessment of risks. Some local governments have high support and even without the approval of the national development and Reform Commission (NDRC), they land on the ground first in order to form an established decision In fact, try to operate at last.

The key is to find out whether there are core patents, customer markets and long-term strategies for these capacities, he stressed? It is true that many projects are very good at the beginning, but in the end, it is suggested that the state should plan and manage the layout of integrated circuit industry from the top

A senior executive of an integrated circuit IDM enterprise in China also told China Securities News: in the past, the biggest problem in the development of semiconductors was that there was no money, but now there is money. Instead, they always want to catch up with, always want to go public, and do not make products in a down-to-earth manner. We still need to respect the industrial laws and learn from foreign excellent enterprises with an open mind.

Pay close attention to industrial planning and layout

One is to strengthen planning and layout. In accordance with the development principle of main body concentration and Regional Agglomeration, we should strengthen the service and guidance for the construction of major IC projects, guide and standardize the development order of IC industry in an orderly manner, and do a good job in planning and layout. Guide the industry to strengthen self-discipline and avoid vicious competition.

The second is to improve the policy system. Accelerate the implementation of GF [2020] No.8 document, that is, some policies on promoting the high-quality development of the integrated circuit industry and software industry in the new period, step up the introduction of supporting measures, further optimize the development environment of the integrated circuit industry, standardize the market order, improve the industrial innovation ability and development quality, and guide the healthy development of the industry.

The third is to establish a preventive mechanism. Establish a long-term working mechanism of early sorting, early discovery, early feedback and early disposal, strengthen risk warning, strengthen communication and coordination with banking institutions and investment funds, and reduce investment risk of major IC projects.

The fourth is the responsibility of all parties. Enterprises and financial institutions should make decisions independently and take responsibility for themselves, so as to improve the industrial concentration. Guide local governments to strengthen the risk awareness of major project construction, and inform and hold accountable those who cause major losses or risks according to the principle of who supports, who is responsible.

The chip industry, especially the chip manufacturing industry, is often the bench has to sit for ten years. Gu Wenjun, chief analyst of xinmou research, recently wrote an article commenting on the chaos of chip manufacturing projects. He said that chip manufacturing is an industry that needs long-term investment and sustained support. From planning and construction to profitability, it has been common for three or five years to blossom and bear fruit; from preparation to listing, it has turned from success to success, and it has been common in ten years. The technical capital strength is strong, such as TSMC, SMIC international and Huahong group. It is also many years before the profit is realized. However, for the production line now in operation, the local government is the main investor, and the project led by the government has great risks due to the change of officials and the transfer. All these problems should be clarified before the industry is launched. He also believes that many local governments often succeed in attracting investment in specific fields such as panel, lighting, solar energy and other fields, but it does not mean that the investment in the field of integrated circuits can also be successful. It still needs careful consideration and screening: is the project team reliable? Is the talent pool ready? Has the source of technology been determined? Has the humanistic environment been constructed? In a word, the project of integrated circuit needs to be planned before it is launched. Editor: Peng Yong, Cao Shuai source: China Securities Journal Author: Yang Jie, editor in charge: Zhong Qiming_ NF5619

The chip industry, especially the chip manufacturing industry, is often the bench has to sit for ten years. Gu Wenjun, chief analyst of xinmou research, recently wrote an article commenting on the chaos of chip manufacturing projects. He said that chip manufacturing is an industry that needs long-term investment and sustained support. From planning and construction to profitability, it has been common for three or five years to blossom and bear fruit; from preparation to listing, it has turned from success to success, and it has been common in ten years. The technical capital strength is strong, such as TSMC, SMIC international and Huahong group. It is also many years before the profit is realized. However, for the production line now in operation, the local government is the main investor, and the project led by the government has great risks due to the change of officials and the transfer. All these problems should be clarified before the industry is launched.

He also believes that many local governments often succeed in attracting investment in specific fields such as panel, lighting, solar energy and other fields, but it does not mean that the investment in the field of integrated circuits can also be successful. It still needs careful consideration and screening: is the project team reliable? Is the talent pool ready? Has the source of technology been determined? Has the humanistic environment been constructed? In a word, the project of integrated circuit needs to be planned before it is launched.

Editor: Peng Yong, Cao Shuai