Shanghai established the largest local IC fund in China with a total of 50 billion yuan

This newspaper (chief reporter Xu Ruizhe) yesterday, following the first phase of the National IC Industry Investment Fund raised 120 billion yuan, Shanghai announced the establishment of the largest local integrated circuit industry fund of 50 billion yuan, is engaged in business negotiations with investors , start investing through fund management companies registered in the Free Trade Zone. This industry fund has changed the way that the "big project government said it is on the top", which is expected to be used. It is expected to incite three to four times the capital according to market rules, and jointly invest in new high-standard production lines to ensure the self-control of IT.
There are no more than 10 types of integrated circuit (IC) chips in a single mobile phone. These "integrated" integrated circuits up to several tens of nanometers are the "heart" of all electronic information products, and the power collection industry has therefore become a national strategic. A basic, leading industry, and a top-end 12-inch integrated circuit production line investment threshold of up to 5 billion US dollars. From "Made in China 2025" to "Internet +", these national blueprints are inseparable from the industrial pillar of integrated circuits.
However, as the upstream of the entire IT industry chain, China's integrated circuits are still unable to rank among the international "billion dollar clubs." At present, about 10 "club members" such as Samsung, Intel, TSMC, Hynix, and Toshiba, the average annual capital investment of each manufacturer is more than 5 billion US dollars, accounting for nearly 80% of global capital investment. The Municipal Economic and Information Committee said that in the face of "external strength", if the core electronic devices, high-end general-purpose chips and other sources are subject to people, a large number of domestic manufacturing will lose support. In this regard, the first phase of the state-level industrial investment fund has achieved over-raising, with a total scale of 138.72 billion yuan. More than the government investment in the integrated circuit industry over the past 10 years, the "13th Five-Year Plan" will become an intensive investment of this fund. period.
Although Shanghai has always used the integrated circuit industry as a pillar industry, its compound annual growth rate has exceeded 12% since the 12th Five-Year Plan, but its growth rate is only half of the national average. The latest data shows that in 2015, the whole industry achieved sales of nearly 95 billion yuan in the whole industry, accounting for more than a quarter of the country's total, but it has already decreased from the previous one-third. At present, there is only a "one and a half" 12-inch production line in Shanghai, with a monthly output of about 50,000 or 60,000 pieces. Across the country, Xiamen, Hefei, Nanjing and other places have launched 12-inch production line projects. Beijing, Shenzhen and Wuhan have also set up local integrated circuit industry funds. For example, Beijing raises 30 billion yuan, invests 10 billion yuan each year, and plans to complete it in 3 years. Investment; Hubei also established the first industrial development fund of 30 billion yuan to build Wuhan China Optical Valley Integrated Circuit Industrial Park.
According to the completed 13th Five-Year Plan for the Shanghai IC industry, the Shanghai Industrial Fund will transform from the will of the government to the will of the market. Regardless of local financial contributions, state-owned enterprises, and various social capitals, large-scale production lines will be built in a shareholding manner. Then, enter the investment return period, refer to the private equity fund operation, withdraw the stock ratio, and obtain the income. According to the relevant person in charge of the Municipal Economic and Information Committee, for example, the local 30 billion integrated circuit manufacturing fund, plus the national "big fund" 30 billion yuan, plus the investment of the manufacturer of the investment of 30 billion yuan, plus 300 other sources of fundraising 100 million yuan, can drive a total investment of 120 billion yuan, for the construction of four 12-inch production lines, each line can form a monthly production capacity of 50,000 pieces in the next five years. 200,000 pieces, equivalent to four times the current 12-inch line capacity of the city, is also equivalent to the total capacity of the current 12-inch line.