Overseas listing to eliminate the bottleneck of China's global chip industry is expected to focus

With the development of digital multimedia products, China as the world's largest consumer electronics market, is becoming the focus of the global chip manufacturers concerned. But at the same time, the market characteristics of the chip industry has also undergone great changes, more sensitive to price, product life cycle is shorter. In this context, China's chip industry can seize the opportunity to shift the focus of the global chip industry, the growth of the chip giant? The day before, digital multimedia chip design companies Vimicro officially Nasdaq, and successfully raised $87 million for the Chinese chip industry is restricted by the lack of funds opened a new road.

According to the insiders: "chip design companies as the first landing NASDAQ and has independent intellectual property rights, Vimicro IPO success in Namibia, for in a critical period of development Chinese chip industry, like a shot in the arm."

In the past few decades, there were two major shifts in the global chip industry focus: at the end of 1970s, from the United States to Japan; at the end of 1980s, South Korea and Taiwan to become the main Chinese chip industry. The transfer of these two created Hitachi, Fujitsu and Samsung, the world's top chip maker, also make TSMC, UMC to become the world's two largest chip giant. From the end of the last century, in the context of the global chip industry, China's chip industry has achieved unprecedented development. Even in the United States, "time" magazine as "the most tragic year of the year" in 2001 (this year the global chip manufacturing sales fell by more than 30%), China's chip industry sales revenue increased by 8%. At the same time, the shortage of funds has become a bottleneck restricting the sustainable development of China's chip industry.

The chip industry is a typical capital intensive industry, the industry known as "tunjin beast", the lack of funds will directly affect the chip industry scale and level. At present, the development of China's chip industry mainly depends on the national special funds. And even in the special investment, there is an imbalance in the flow of funds. Among them, for the development of the chip industry, the 908 project and the "909 project", the balance of funds is almost all preference for the chip manufacturing industry, relatively little investment in the chip design. The experience of the development of the world chip industry shows that the chip design industry as a leader, driven by the progress of the chip production process, and promote the development of the whole industry chain is the fundamental way out.

Obviously, for the development of China's chip industry, relying solely on the national special funds is not a permanent solution, in China's chip industry system and mechanism has begun to shift to a new pattern of "government guidance, enterprise participation and market operation" at the same time, chip companies especially chip design companies must strive to expand the financing channels, with the capital market this is the most direct and effective channels to attract overseas capital and private capital to invest more, in order to make the chip industry capital operation into a virtuous cycle. At the same time, compared with other industries, the chip industry is inherently a global industry. The globalization of the market, the diversification of the market demand, the progress of technology and the fierce competition make up the realistic environment for the development of the global chip industry. Therefore, connecting with the international market and participating in the global market competition is the only way for the survival and development of China's chip enterprises.

Overseas listing for China's chip companies, is undoubtedly an important way to solve the funding constraints, but also conducive to the internationalization of China's chip industry. At present, China has more than and 10 listed companies in the domestic and foreign listing. Among them, SMIC is the first chip manufacturers listed in the overseas market, and just successfully implemented on the NASDAQ IPO is the first in the overseas listing of Samsung chip design companies. So far, in the chip industry chain is the most important part of the manufacturing and design, China has entered into the global capital markets.

The development of China's electronics industry has a positive role in the development of China's chip industry, especially the chip design industry. The development of the microelectronics always adhere to the needs of the market as the guide, grasp the technological innovation, improve product market competitiveness. Since the establishment of six years, the company has achieved a breakthrough in the core technology, its star digital multimedia chip global sales have accounted for more than 60% of the world's computer image input chip market share. The company said an executive, the overseas financing, on the one hand to provide financial support for the sustainable development of enterprises, on the other hand, is also conducive to enterprises based on the international market, to participate in global competition.

It is reported that, following the success of Vimicro in that city of IPO, China's largest semiconductor chip designer MP3 integrated circuit design (Cayman) Co. Ltd. has successfully landed on the Nasdaq, financing $72 million. In addition to overseas financing, the local chip manufacturers also set off a new upsurge of investment expansion. Industry experts said that with the elimination of capital bottleneck affecting the chip industry, China chip industry is expected to become the focus of the development of the new global chip industry in the next few years, and is expected to produce a global chip giant.