Three huge semiconductor investment projects "stopped"
According to micro-network news, in recent years, the global semiconductor industry has experienced a new round of integration period, and the domestic semiconductor industry has experienced a new wave of investment boom due to the involvement of the government and capital. Driven by factors such as policies, funds, and markets, some semiconductor companies have expanded and invested in mergers and acquisitions; domestic fabs, packaging and testing plants, silicon wafers, and third-generation compound semiconductors have been blooming everywhere. Billions of billions, it is inevitable a little radical.
While some domestic semiconductor companies are expanding rapidly, the “super cycle” in the semiconductor industry segment is facing an inflection point, which has led to a decline in market demand, which has led to a decline in the semiconductor industry, and the enthusiasm for investment in some semiconductor projects has gradually changed.
At the same time, new projects planned in recent years have encountered some obstacles. On August 7, 2017, Aoyang Shunchang announced that it had stopped investing 1.5 billion Huai'an 8-inch chip production line project due to the lack of relevant equipment and professional personnel. The project was made public on January 28, 2016, only about a year and a half from the end of the announcement.
This is the first chip manufacturing project to be terminated in the context of the country's strong support for the development of the integrated circuit industry. Although the project termination is obviously a more sensible choice when the project preparation is blocked, it has not cooled down the wave of semiconductor investment booms. A large number of mixed projects have been launched one after another. Local governments are enthusiastic about building a “core city”.
According to the author's observation, in recent years, the semiconductor projects in various places have been signed, but some projects have not been implemented. Since the signing of the news, there have been no other actions in the project; some projects have been broken after the groundbreaking, and the funds are also very Tension, arrears in the supplier's payment, employee wages and other news came out.
Gexin 12-inch foundry project
In recent days, the industry has been most enthusiastic about it. The 12-inch factory investment plan of the grid and the Chengdu government in the high-tech zone has stopped. This is already the case that Gexin has invested in mainland China and lost again after investing in Chongqing.
According to people familiar with the matter, the grid project has been suspended for half a year in a new round of cooperation negotiations. China originally planned to support its own semiconductor industry through the core-transfer 22nm FD-SOI process, but it encountered a policy change in 2018, and began to tighten the front line in early 2019, retreating from China - this technology transfer The business may have been declared broken.
Originally thought that the project would be like the TSMC Nanjing plant, which will enable suppliers to form a semiconductor industry cluster in a short period of time. The two sides can achieve a beautiful picture of cooperation and win-win, but they never wanted to achieve such a result. According to the collection micro-network, at present, Gexin and Chengdu government are trying to find a home that can promote FD-SOI together with Gexin and take over the Chengdu factory. This difficult situation will become the final situation of Gexin and Chengdu government. Decent.
At present, Chengdu is making efforts to build a world-class electronic information industry ecosystem, and the electronic information industry will be locked into the first trillion-scale industry built in 2020. It has already gathered enterprises such as Gexin, Intel, BOE, Dell and Foxconn.
National Technology Compound Semiconductor Project
If it is to achieve the trillion-level electronic information industry, integrated circuits are a breakthrough. In recent years, Chengdu has become one of the main forces in the emerging cities of China's integrated circuits. Through the investment attraction, a large number of major industrial projects have been introduced, including the National Tiancheng Compound Semiconductor Eco-Industrial Park project.
The same as the grid core, the National Technology project has also been placed high hopes. On August 15, 2017, National Technology plans to build a “National Tiancheng Compound Semiconductor Eco-Industrial Park” with no less than RMB 8 billion. The project is expected to have a scale at the beginning of the third year and achieve capacity in five years. In addition, we have established Chengdu National Tiancheng Compound Semiconductor Co., Ltd. to build and operate 6吋 second-generation and third-generation semiconductor integrated circuit epitaxial wafer projects. The initial investment of the project is 450 million yuan.
Unlike the grid core, the National Technology project did not wait until the start of construction to meet the major investors to withdraw funds. However, this did not ruin the determination of the national technology to develop compound semiconductors, and the project was still in full swing. Until the company suffered successive losses in investment and acquisition, the company has been riddled with holes. In order to withdraw funds, reduce the risk of foreign investment, National Technology cancels and terminates investment in related projects. Up to now, there has been no news of the project. If the gold master has not been found, the project may only leave "one chicken feather".
Fujian Jinhua Memory Project
In addition to the company's own problems, because the memory is a key area that China needs to break through, Jinhua IC is extremely bumpy in the development of memory.
In December 2017, Micron Technology filed a civil lawsuit in California, accusing UMC and Fujian Jinhua of infringing DRAM's business secrets. Subsequently, UMC and Fujian Jinhua countered Meiguang and sued Meiguang Technology in the Fuzhou Intermediate People's Court of Fujian Province for infringement of its intellectual property rights and demanded that some products sold in China be banned.
On October 30, 2018, the US Department of Commerce suddenly launched an emergency and imposed an emergency lock-up order on Fujian Jinhua IC to threaten national security. It prohibited US companies from selling parts, software and technology products to the latter. Following ZTE, Jinhua became the second Chinese company listed in the export control “entity list” under the background of “China-US trade friction”.
Subsequently, it broke the technical cooperation between UMC and Jinhua; several semiconductor equipment companies stopped commercial cooperation with Jinhua; the US Department of Justice announced that it filed a lawsuit against Jinhua and its UMC, accusing the two companies of stealing US memory chips. The intellectual property and trade secrets of the company Micron Technology.
Up to now, UMC has suspended technical cooperation with Jinhua, Fujian Jinhua also intends to appeal against the US technology export ban, but things have not been resolved; another news spread, restricted by US exports, Fujian Jin China's raw materials are exhausted and will have to face production stoppage in March. Perhaps Fujian Jinhua did not stop production as rumored, but the current state is obviously not optimistic, I hope the problem can be solved as soon as possible.
At present, the investment enthusiasm of China's semiconductors continues, and the upstream and downstream projects of the industry chain contracted with the government continue to see the news of some projects starting from time to time. But in general, there are more contracts, less construction, and the announcement of the completion of the project, the production of products is very few.
In the wave of China's semiconductor industry development, local governments have played an important role, and a considerable number of local governments are sparing no effort to build a semiconductor industry cluster. However, semiconductors have their own technical and financial barriers. It is not easy to introduce or invest in semiconductor projects. How to find suitable projects from various projects is a lesson that local governments need to cultivate, and find suitable for their own development. The model is even more demanding for local governments to explore for a long time.