Prospects for the future development of China's semiconductor industry

CIC consultants mentioned in the "2017-2021 China Semiconductor Industry Industry Chain In-depth Investigation and Investment Prospect Forecast Report" that, with a global perspective, the semiconductor industry is a "pseudo sunset" industry, and the year-on-year growth rate of the entire industry market is single-digit, but For the mainland, the semiconductor industry on the one hand inherits the "global manufacturing tasks" in emerging fields such as smart terminals, the Internet of Things, 4G communications, smart homes and automotive electronics, and occupies most of the highly elastic incremental market; on the other hand, it exceeds 230 billion. The replacement space of the US dollar's annual imported products is hard to compare with other electronic products. Combined with the strong support from the country in the future, the mainland market is in a "strategic emerging" position, and the semiconductor industry has gradually entered a climax of development in my country.

Application of semiconductor products is to multiple fieldes

The upstream of the semiconductor industry is the semiconductor support industry, including semiconductor materials and semiconductor equipment. The midstream is divided into discrete devices and integrated circuits according to manufacturing technology. There are many downstream applications in the semiconductor industry, including computers, communications, consumer electronics, automobiles, industry and many other aspects. The semiconductor industry has the deepest development, and it will not become a Red Sea dispute due to lack of innovation; the current semiconductor application field spans consumption, communications, industrial control, medical, military and aerospace, etc., and will be accompanied by the Internet of Things, intelligence, new energy, information security and other trends in the future , The semiconductor market is expected to set off a new round of growth.

The semiconductor industry is directly affected by the demand of downstream industries. The previous financial crises and bubble bursts will make the semiconductor industry frustrated in the short term; but in the long run, the emergence of new application trends and the launch of new products are the internal driving force for the continuous development of the semiconductor industry. The three major trends of the Internet of Things, intelligence, and new energy will lead the semiconductor industry into a new round of growth cycle.

Incomplete system and large import substitution potential

There are many types of semiconductor products, mainly divided into integrated circuits, discrete devices, optoelectronic devices and miniature sensors. Chinese companies have products in four types of semiconductor products, but high-end products still rely heavily on imports; among them, integrated circuits are the most complex and technically difficult semiconductor products. The semiconductor industry is the jewel of a country's industry and directly reflects the country's comprehensive national strength.

      Domestic demand is sufficient, and the trade deficit continues to expand. Although China's IC market is large, the unavoidable problem is its low self-sufficiency rate. According to customs statistics, China's integrated circuit imports in 2015 increased by 6% over the same period last year, reaching 230.7 billion U.S. dollars, while the export value was only 69.31 billion U.S. dollars, and the import and export deficit was still 161.39 billion U.S. dollars. This shows that there is a huge domestic import. Alternative space.

In the "2017-2021 China Semiconductor Industry Industry Chain In-depth Investigation and Investment Prospect Forecast Report", China Investment Consultants pointed out that semiconductors, as a national strategic emerging industry, will become the new locomotive of economic growth. Strategic emerging industries such as the semiconductor industry are based on major technological breakthroughs and development needs, and have a major leading role in the overall economic and social and long-term development. After the increase in state investment and the support of policy measures in recent years, strategic emerging industries have initially consolidated the foundation for development and will gradually form new core competitiveness.