IC industry: local IC support policies have been introduced
Since June this year, the state officially released the "National IC industry to promote the development of outline" (hereinafter referred to as the "Outline"), the local government in response, Beijing, Tianjin, Anhui, Shandong, Gansu, Sichuan and other places have introduced local IC policies, the establishment of investment funds, mergers and acquisitions to support the local leader in the field of integrated circuits has become the consensus of the country.
Strong support of government policy is the only way to catch up with the IC industry. Integrated circuit industry, as the upstream of the electronic industry chain, has a very high technical barriers, but also has a strong scale effect, especially in the wafer manufacturing process. Therefore, the wafer manufacturing process is expected to achieve catch-up growth through endogenous basic is impossible, such as the world's leading TSMC annual capital expenditures of nearly $10 billion, while the domestic leading international income of only $2 billion.
The strength of the wafer manufacturing process directly determines the overall strength of the integrated circuit industry chain. From the historical experience of the rapid rise of the integrated circuit industry in Taiwan and the Republic of Korea can be seen in catching up with the world leading level in the twenty or thirty years before is to rely on the government to continuously support, this is the only way which must be passed to achieve catch-up in the integrated circuit industry.