Detailed explanation of all links in the domestic semiconductor industry chain

The cyclical fluctuations are upward, and the market size exceeds 400 billion US dollars:

Semiconductors are the core of electronic products and the cornerstone of the information industry. The semiconductor industry has the characteristics of extensive downstream applications, many production technology processes, many product types, fast technology upgrades, and high investment risks. The industry chain has become more and more clear from integration to verticalization, and has experienced two spatial Industrial transfer. The global semiconductor industry is roughly a period of 4-6 years. The business cycle is closely related to macroeconomics, downstream application demand and its own capacity inventory. The semiconductor industry market in 2017 exceeded 400 billion US dollars, and the memory chip is the main driving force.

Supply and demand changes spread, and innovative applications drive the business cycle to continue:

The fundamental reason for the price increase of this round of semiconductor is the change of supply and demand, and it is transmitted along the industrial chain. Whether the price increase continues or depends on supply and demand. NAND will reduce the price of capacity release, and the DRAM and wafer production capacity will continue to rise. Looking forward to the future, with the development of many innovative applications such as the Internet of Things, blockchain, automotive electronics, 5G, AR/VR and AI, the semiconductor industry is expected to maintain a high degree of prosperity.

Increasing self-sufficiency is imminent, and the strategy of big countries promotes industrial development:

The domestic semiconductor market is close to one-third of the world, but the domestic semiconductor self-sufficiency rate is very low, especially the core chip is extremely lacking, and the domestic market share is almost zero. The chip is related to national security, and localization is imminent. In 2014, the National Outline of the Development of Integrated Circuit Industry promoted the research and development of new technologies in the semiconductor industry to the national strategic level. The initial investment results of the big fund were significant, inciting local industrial funds to reach 500 billion yuan. At present, the fundraising of the second phase of the big fund has started, and the amount of funds raised will exceed one period, promoting the development of the domestic semiconductor industry.

The rise of packaging design and measurement in the mainland, the key breakthroughs in materials and equipment:

After years of development, the domestic semiconductor ecology has gradually been built, and the development of the design, manufacturing, and packaging industry has become increasingly balanced. Design industry: Although the acquisition is limited, but the independent development is rapid, and the group is booming, HiSilicon has entered the top ten in the world. Manufacturing: The wafer manufacturing industry moved to the mainland, and the capacity of the mainland 12-inch wafer fab broke out. In terms of foundry, although it still takes a long time to catch up with international giants, SMIC's 28nm process has broken through, 14nm speeds up research and development; storage, Yangtze River Storage, Jinhua Integration, Hefei Changxin three storage projects steadily Advance. Sealing and testing industry: The domestic top three of the packaging and testing industry entered the first echelon and pre-empted the layout of advanced packaging. Equipment: The sales of domestic semiconductor equipment grew rapidly and steadily, and many products achieved breakthroughs from scratch. The fire of the stars waited for the original. Materials: Domestic manufacturers have achieved initial success in small-size silicon wafers, photoresists, CMP materials, sputtering targets, etc. Localization of large-size silicon wafers is just around the corner.