In just half a year, 144 billion yuan was raised, and domestic alternatives to the tide zone became popular for equipment manufacturers

According to a report by the Nikkei Chinese website, as of July 5, the financing amount of Chinese semiconductor companies in 2020 is about 144 billion yuan, which has reached about 2.2 trillion yen in Japanese yen, and it will reach 2019 in just half a year. 2.2 times the annual rate. The protagonists of this investment are the big fund and the newly established Science and Technology Innovation Board in 2019, both of which jointly accelerate the improvement of the self-sufficiency of domestic semiconductors.

In terms of the science and technology innovation board, the core third board has previously counted the semiconductor companies that have registered on the science and technology innovation board or have been accepted in the first half of this year. As of June 2, a total of 20 companies raised funds reaching 40.237 billion, of which SMIC raised funds. to 20 billion.

When SMIC officially landed on the Science and Technology Innovation Board, 209 institutions including the second phase of the Big Fund participated in the placement of SMIC, and the Big Fund was allocated 3.5175 billion yuan. In addition, Juchen shares, Zhichun Technology, Weir shares, Goodix Technology, Shanghai Silicon Industry Subsidiary Shanghai Xinsheng, Jiangfeng Electronics, Allwinner Technology, Shanghai Xinyang, Zhongwei Semiconductor Equipment (Shanghai), Montage Investment, Anji Microelectronics (Shanghai), etc., through participation in investment in Qingdao Juyuan Xinxing Equity Investment Partnership (allocated 2.224 billion yuan), investing 100 million yuan, 100 million yuan, 200 million yuan, 200 million yuan, 200 million yuan, 100 million yuan, 100 million yuan, and 300 million yuan respectively RMB, 300 million, 200 million, and 100 million yuan, indirectly participating in SMIC’s strategic placement on the Science and Technology Innovation Board.

350 billion investment

SMIC raised its capital expenditure in 2020 to US$4.3 billion, an increase of 111.6% compared with the actual expenditure in 2019; Hua Hong Semiconductor also increased capital expenditure to US$1.55 billion, a year-on-year increase of 68.1%. In addition to these two leaders, there are currently more than 10 Fab factories and Fab factories under construction in China, and there are about 7 Fab factories in planning, with a total investment of more than 500 billion yuan in the next five years. .

In just half a year, 144 billion yuan was raised, and domestic alternatives to the tide zone became popular for equipment manufacturers

Usually, in the investment of a semiconductor factory, wafer manufacturing equipment accounts for 60% to 70% of the total. 7.33 billion US dollars, accounting for 80.9% of the total investment. And this trend is increasing exponentially as the manufacturing process becomes more and more advanced. According to IBS statistics, the equipment investment of the 5nm production line is as high as tens of billions of dollars, which is more than twice the investment of the 16/14nm production line and about four times that of the 28nm production line.

Judging from the current home Fab factory, the proportion of equipment in the total investment of 500 billion is at least about 70%, which is about 350 billion.

According to a recent disclosure by China International Bidding Network, YMTC released a new round (41st batch) of international bidding announcements, including packaging-level high-parallel chip sorters, high-speed chip testing machines and other products. According to statistics from Huachuang Securities, YMTC has A total of 1,362 sets of process equipment have been purchased, 430 sets of process equipment are being tendered, and a total of 1,792 sets of process equipment have been purchased. In addition, there are more than 200 equipment procurement plans in the near future, mainly including CVD, etching, measurement, and degumming equipment. In addition, the start of the second phase of the Yangtze River storage project will also bring market opportunities to domestic equipment.

Domestic substitution accelerates

Since 2019, the domestic substitution of equipment manufacturers has accelerated, and the proportion of China in the global equipment market has continued to increase. China Micro and North Huachuang have continued to increase their volume in the equipment field. According to the orders of Changjiang Storage in the first quarter, in terms of the proportion of shipments of various categories, etching (26% of China Microelectronics, 9% of NAURA), thin film (16% of NAURA, 5% of Shenyang Tuojing), cleaning ( Shengmei 19%), heat treatment (North Huachuang 35%), the domestic substitution ratio has been greatly improved.

In addition, various semiconductor projects are currently launched all over the country. Shengmei Semiconductor has previously established Shengwei Semiconductor Equipment (Shanghai) Co., Ltd. in Lingang New Area, which is specially responsible for the implementation of the “Shengmei Semiconductor Equipment R&D and Manufacturing Center” project.

Foreign semiconductor giants are also participating in the wave of domestic substitution. Earlier, it was reported that Applied Materials may also build a joint venture factory in Lingang District, in order to prevent the US export control policy from affecting its income in China.

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