Hundreds of billions of big fund shot overweight LED semiconductor industry

According to first financial daily reported that in the industry "big fund" known as the national integrated circuit industry investment fund recently moves frequently, is toward the direction of the development of domestic integrated circuits and equipment manufacturing industry constantly adding booster.

September 20th, the national integrated circuit industry investment fund joint industry leading enterprises and financial institutions initiated the establishment of China's first integrated circuit industry finance leasing company Xin Xin financial leasing co.. Integrated circuits in this field of expertise is expected to get more social capital injection.

Registration information shows that the core of financial leasing Xin limited liability company in Shanghai Free Trade Zone on August 27, 2015 successfully registered, the registered capital of 5 billion 680 million yuan, investors including the national integrated circuit industry investment fund, SMIC, Beijing core energy investment fund, Oriental Financial Holding, purple color, Qing China Development International, Jiangsu, Sanan group, Shanghai melting Sheng integrated circuit leading enterprises and financial institutions.

Its purpose is to ease the bottleneck of China's integrated circuit industry investment and financing, through collaborative investment, loans, leasing, attract social capital investment, innovative financial instruments portfolio, to create a comprehensive investment and financing service platform. Xin core covered by the lease ic field through a complete industrial chain, covering the chip design, before the production of wafer manufacturing, after the production of packaging and testing, and related services in the semiconductor industry, such as LED, LCD panel and downstream applications etc..

An integrated circuit industry, told reporters that the higher threshold of the semiconductor industry finance lease, and simply rely on shareholder investment and bank financing can not meet the demand for funds. 2014~2018, China's IC needs a total investment of about 770 billion yuan, to 2020 will reach 1 trillion yuan, while the national integrated circuit industry investment fund is only the size of one hundred billion yuan, a huge funding gap, relying solely on the power of state funds is difficult to solve the fundamental problem.

In addition to investment, the integrated circuit industry of financial leasing companies will use financial leverage as more financial instruments, financial sector to attract a higher threshold for the integrated circuit industry, to fill the funding gap in the development of the industry. Ye Tianchun, director of the Institute of microelectronics, Chinese Academy of Sciences, told reporters.

September 2014, the national integrated circuit industry investment fund Limited by Share Ltd incorporated. Currently, the total size of the fund to raise nearly 140 billion, is the single largest industrial fund. The investment decision of the completed project covers the integrated circuit design, manufacturing, packaging and testing, equipment, materials, and industrial ecological construction and other aspects, to achieve a complete preliminary layout in the industry chain.

Reporters from the national integrated circuit industry investment fund management, the core investment only learned that, as of now, the fund has a total of 18 projects through the decision-making process, a total investment of about 31 billion 500 million yuan, the actual commitment invested about 10 billion 200 million yuan. Reserves of more than 40 projects, the amount of reserves of more than 50 billion yuan project.

Under the fund to clear the way, like SMIC, violet Spreadtrum, long power technology, micro semiconductor industries segments leading enterprises become the focus of policy support, through the integration of resources and the domestic and foreign mergers and acquisitions, promote backbone enterprises bigger and stronger as the core development direction.

In September 18th, SMIC, National IC industry investment fund, Qualcomm Corp has just announced the completion of a capital increase, the three parties will jointly invest $280 million to the long core, accelerate China's first 12 inch convex block production line construction progress.

In August 17th, the BOE announced it will invest 1 billion 500 million yuan, and the national integrated circuit industry investment fund, Beijing Yizhuang international emerging industrial investment center jointly initiated the establishment of integrated circuit IC investment fund, display panel related upstream and downstream industries.

Industry, the "made in China 2025" has been talked about a lot. In June 2014, the State Council announced the "National IC industry to promote the development of program", and proposed to the 2015 IC industry sales revenue over 350 billion yuan, to 2030 the main part of the industry chain to reach the international advanced level, and put forward the establishment of the fund industry innovation support mode. Although China has the world's largest and fastest growing integrated circuit market, but now a large number of domestic IC products rely on imports. In the context of the development of electronic information security and nationalization, the greater the number of large funds will continue to boost the integration of the IC industry.

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