Buy + industry -- analysis of route of Chinese semiconductor development

Chinese chip is imported for a long time in great quantities, go 10 years, most a particular year imports amount to exceed oil even, the market is huge, technical content is high and involve a trade numerous, have major strategy sense to the country. Night of a batch of another batch semiconductor person early in the morning allow sleep, revitalize Chinese core to regard as oneself, from grind oneself, introduce, joint-stock, buy wait for a variety of way skill, the hope catchs up with the billow wheel of international semiconductor industry. National level began to come on stage to support policy in great quantities from 2000 only, capital throws number with one billion two hundred and fifteen million seven hundred and fifty-two thousand one hundred and ninety-two write down. The purpose has only, rapid and complemental industry is short board, contractible competition difference, the industry that finish upgrades. Below such big setting, domestic emerge in large numbers gives a batch of enterprises and investment orgnaization, from own construction research and development is mixed abroad buy two respects proceed with to drive industry of our country semiconductor to develop. In group of core international, Hua Hong is former representative company, was participated in Tsinghua violet light, Wu Yuefeng many cases and buy an item.

It is with violet smooth group exemple, started from 2013 a series of be bought and capital is run, realized adversary machine chip to design what the enterprise extends branch of dispatch, Rui Di to be bought. Whole industry does it one brace up, and him country of Zhao Wei of violet smooth president also borrows this to become famous overnight. Subsequently and those who come is the title with a series of bully very energy of life, be like " buy maniac " , " capital ace " etc. However, serve as with estate build up, run the operator of be good at with capital, what Zhao Wei country brings for Chinese semiconductor industry is after all what kind of " wind " , we still are necessary of canvass, careful those who ask, after preventing hype " tortuous path to turn over " harm industry grows.

First Cong Zhaowei country most bring think be proud buy will look. By 2013, zhao Wei country treated the violet light below to finish mobile phone chip in order to restrain 1.8 billion dollar to design what dispatch of factory Trade Fair corresponds to be bought, back-to-back move is in 2014, bought radio frequency with 900 million dollar again kind appear on the market division of enterprise Rui Di, of these two successes abroad buy total amount to approach 3 billion dollar. Be in subsequently 2015 in year invested network equipment supplier in home with the cost of 2.3 billion dollar again new China the 3 equity of 51% . Abroad was finished in 3 years of time 2.7 billion with home 2.3 billion aggregate of nearly 5 billion dollar buy investment, and Zhao Wei country also have the aid of such behavioral establish oneself are in the fame inside semiconductor industry. Also come out ceaselessly inside course of study however a few think and anxious, be like:

Of the mark that L Zhao Bing buys encircle an enterprise for the Chinese mostly, the policy that lack and buys place of true international company to need communicates ability, capital to raise money ability of ability, project complete a business transaction

L Zhao is capable to had run these companies, maintain group stability, arouse enthusiasm, its the element such as research and development, product, client maintains and had developed

L Zhao is in and buy a process to counteract a competitor, if Pudong division is cast, wait for existence a lot of dispute, about its " not plan cost " , " violate trade law " etc censure incessant Yu Er, inside course of study pay close attention to its generally and buy financing source fault of exorbitant, deadline matchs not stable, interest, leverage crosses advanced risk

At that time the big setting of like a raging fire falls, these sound are squelched by numerous hip, but as time spread out ceaselessly, these is anxious that became reality gradually. The author combed violet light buy military successes, discover its are in exhibit dispatch, Rui Di division, China after third class is bought, all large buy case to all fold halberd heavy sand, and many returning doubtful point is fascicular, sidelong glance making a person:

L 2015 year by September, violet light is high-key announce to invest supplier of American storage equipment with 3.8 billion dollar western data, hind because of western data share price drops, violet smooth financing raises the case is not good, and foreign country of so called United States invests committee (the reason such as CIFUS) doubt abandons, the credit that brings about overseas of Tsinghua violet light glides considerably.

L 2015 year contemporaneity, violet light is high-key first announce to buy American memory to produce Shang Meiguang with 23 billion dollar, beautiful smooth immediately refutes a rumor did not receive relevant invite about, violet light announces to invest beautiful light with the form of share again after, also die without known cause. Mix according to the asset dimensions of violet light actually capital actual strength, differ with beautiful light at that time a lot of, finish without capital at all trade. Buy without make it, the stock of violet light experiences a prices accordingly however, letting a person suspect this is to be bought really still is to want to acclaim a stock only.

L 2015 the end of the year comes 2016 months around, violet light announces to will become a shareholder early or late Taiwan area is sealed measure company force to become, silicon is tasted, and Na Mao of memory production company. The process is here medium, zhao Wei country is high-key phonate " apply press Taiwan to open chip industry, prohibit otherwise Taiwan chip is sold in the mainland " , also end in order to fail as a result, still cause Taiwan industry group the great dissatisfaction of violet to Tsinghua light and even mainland semiconductor industry.

L 2015 the end of the year, zhao Wei country phonates when accepting media to interview again, allege buy chip of Taiwan mobile phone to design family of enterprise couplet hair of purpose, the result is a much cry and little wool, become the stunt of individual conduct propaganda of Zhao Wei country with before.

L 2016 year, in the bookshops comes out again violet light becomes a shareholder with the cost of 5.3 billion dollar of purpose SK of business of Korea memory production Hailishi 20% equity, what reason does not know to do not have later development again after. A college accuses the behavior of big company, below this kind of the individual's hype, as trifling matter general.

Making what the person sobs is, this a series of " fail " in buying case process, violet smooth share (the share price of 000938) also falls a few this years greatly as these newses are big, the Beijing that regards hold as share of violet smooth group be good at female the insider of person of the legal person delegate that invests group limited company, effective control and relevant item, how does gentleman individual of Zhao Wei country use these messages to cover interest from which everybody unknown. So that Guo Tai Mingxian gives birth to call a spade a spade put forward " Zhao Wei country just is fried person " conclusion.

Buy case to see not hard through listing these, zhao Wei country treats the violet light below to be in what initiate after division of the Rui Di that exhibit dispatch to buy a project not to have one success, place of a few sober sound inside course of study communicates the anxiety that give to come true one by one. Zhao Wei country treats the violet light below to be in a country to investing an object policy communicates inadequacy, "Cruel type " buy the high vigilance that causes the superintendency branch such as Taiwan of the United States, Korea, China, in be endowment begin buy normally made a lot of trouble, bring about a lot of in endowment buy an activity to be made stop normally, for example:

L 2015 the around in year, in the process that Chinese electron buys American small controller to produce business Atmel, abandon quote because of the inferior position of policy level the 2nd round, the regret goes out bureau

L 2016 year controlled in January, hua Run group of the assets in waiting buys celestial being of American semiconductor industry with 2.5 billion dollar child, hind because of CFIUS " from fine from security of Home Yan Congguo " the manner of type and final come to a standstill

Although quantify the method that evaluates the United States to superintend an orgnaization and Zhao Wei country very hard to treat,leave violet light " cruel type " buy the connection between, but the United States superintends an orgnaization to tighten up relevant policy in the corresponding period is the fact that does not dispute however.

Although violet light is in,buy halt is immersed in on business, but capital of Chinese semiconductor industry still obtained a large number of results below disadvantage however, for industrial follow-up development created good reputation and base

L 2015 year in March, letter capital, Qing Xinhua is achieved in, inscriptions investment announces to buy the United States to appear on the market with 1.9 billion dollar photograph like chip manufacturer a person of extraordinary powers power

L 2015 year in May, build extensive assets to be over with 1.8 billion dollar of unit of business of radio frequency of NXP of industry of didymous Europe semiconductor buy

L 2015 year December, country of Wu Yuefeng, Yi Zhuang is cast, China achieve, Hua Qingji course of study buy American memory to produce business ISSI with 730 million dollar

L 2016 year in June, international buys circle of brilliant of subclass of Italian car phone with 49 million euro LFoundry of acting industry business

L 2016 year in June, build extensive assets and wisdom road capital to buy the standard items business of favour wisdom riverside with 2.75 billion dollar

L 2016 annual bottom, the country accuses the fund of a subordinate newly to announce to buy FPGA manufacturer Lattice with 1.3 billion dollar.

The taking of these achievement, just is these enterprises respect superintendency layer care, press international and buy operation standard to give a shop sign, capital prepares program of the sufficient and reasonable, government after casting to make a person the result of be convinced. Under contrast, zhao Wei country is treated the violet light below is in and buy a domain to have quite some " flourishing come loose to put in nowhere 's charge " awkwardness and but. Analyse the gain and loss of violet smooth around, discover not hard, in international sufficient policy has been done to communicate in be being bought, had done what buy fund to match, strengthening the management after casting and group construction is most the crucial and successful element of core. The sort of everything for share price, everything for market prise, all practices for hype are the big fear that the industry grows really.

Below we undertake an analysis again from industrial angle. Zhao Wei country the near future is high-key announce its had made the throughout the country's biggest semiconductor crystal yuan manufacturing business, international of the core in surmounting, in core international already " scene no longer " , but according to collect news of violet smooth group can see its produce can position condition:

Violet smooth group is in L to fall without the circumstance of clear industry be born, with the whole nation ten cities, negotiate in order to drive the name of semiconductor industry project, the items such as new city of industry of garden of industry of so-called construction integrated circuit, IC undertakes encircling the ground in great quantities, do its greatly Wu of real estate of old one's line. Take the land at every turn thousands of mus, on 10 thousand mus, end so far, afore-mentioned semiconductor projects all have no the story that materiality industry be born builds, also do not have the business development related any integrated circuit, sales revenue and taxation to just the upper part of the body come out now in each district.

And the construction pace of international of the core in be being watched instead, its factory layout is as follows:

L Beijing: The factory is 12 inches of lines, produce per month can 50 thousand mix 35 thousand, already; of put into production produces a line another times to plan to be 12 inches of lines, starting decorate

L Tianjin: The factory is 8 inches of lines, produce per month there still can be two 8 very little lines in program of 50 thousand; , produce per month all can be 50 thousand

L Shenzhen: Existing factory is 8 inches of lines, produce per month can 50 thousand, new plant is being installed in equipment, produce per month can 35 thousand

L Shanghai: At present the factory is 8 inches of lines, produce per month can 110 thousand; are 12 inches of lines, produce per month can 12 inches of lines with 20 thousand new; , already start working is in build

L Ning Bo: Plan construction is mixed 12 inches 8 inches of lines each one, planning at present level

If say in core international regards pair of mark objects as some " fussily " , so Hua Hong looks in light of us grand force. Public data shows, at present grand force has Hua Hong 3 factories, all be 8 inches of lines, produce per month can 146 thousand, it is home those who precede is dedicated the acting factory at 8 inches of lines, there is rich experience in the domain such as IGBT, ENVM. Through contrast we discover not hard, in core international, Hua Hong the ability such as grand force is brilliant yuan of acting industry industry " get right on the job person " , and Zhao Wei country treats the violet light below to still stay in program level. Actually, careful research discovers violet light is at present subordinate not hard besides the deficit after buying exhibit dispatch He Ruidi besides the division, what do have to have the integrated circuit business of dimensions truly? Where to need him to build plant of so much semiconductor or office building in the whole nation? It is the name with ethical semiconductor industry nevertheless, get a place allowance and exceed low price, actually is to develop real-estate project to gain profit from which for the individual. But, at present estate development venture also is being increased, if is development deficit still other shareholder and partner,buy sheet? To such behavior, whether should be various government sector examined and approve carefully, look before you leap? Whether should an east of Tsinghua violet light and collaboration also just consider this to whether have among them violate compasses behavior to you can bring adverse effect to other shareholder? And can use in fund of real high-tech industry developmental originally in finance income, be sucked start landed development, whether the development to integrated circuit and industry of other science and technology whether harmful instead without benefit?

Buy flameout besides what afore-mentioned mentioning, build oneself produce can have no progress besides. On the management after Zhao Wei country treats the violet light below to be in what already bought property to cast also lack be apt to but old. Although income promotion is faster,exhibit dispatch, but in still be in huge amount deficit. After Dai Baojia of the CEO before Rui Di division leaves, oneself held water fly nimble science and technology, the mobile phone chip that bought Marvell at the near future is relevant intellectual property, with the state that extends dispatch to form straight face to compete. And violet smooth share (the share price of 000938) also declines from 139 yuan of apogee current 53 yuan or so, drop nearly 6 into. Consider violet smooth group is state-owned the identity of the enterprise, the management after Zhao Wei country is being cast and capital are run on the loss it may be said that causes is tremendous, whether does the face have state-owned property prediction of a person's luck in a given year to have a person to had considered seriously here?

Basically rely on to call catchword, make conduct propaganda, cannot hardheaded train of thought of this kind of development already have too many problems to deal with, more and more with its advocate " the industry dedicates oneself to the service of his motherland " demit runs in the opposite direction, and throw energy in him to bilk the real estate Wu with get rich in great quantities however, just what this moment uses is alleged " semiconductor industry garden " name is begun, those who use is the money of semiconductor, the ground of semiconductor, the name of semiconductor stopped. Development of Chinese semiconductor industry lacks huge amount capital and skill originally, this moment general should be used at developing valuable resource of the industry to be used to fry a room to fry the ground originally, indignation making a person is ineffable. The height of the personage that such practice has to cause group of industry of college, semiconductor and broad care and supportive semiconductor industry to develop is alert.

"1000 sail live side of sunken boat side, ill tree thereinbefore 10 thousand Mu Chun " . Believe the ceaseless development that studies as real issue, go before what the industry grows is ceaseless. Of flicker type buy hype + the mode of estate will gradually type is small. This moment, chinese semiconductor industry perhaps can receive the bright spring day after a harships passes.

Article chapter reprints: Guizhou net