China's semiconductor chip packaging and testing industry usher in a golden period of development

“China's semiconductor chip packaging and testing industry is welcoming the golden development period with the full promotion of the national industrial policy, and the industry maintains a rapid development momentum.” The first China Securities analyst Jin Yiu Award Forum and 2018 “Pretty "100 potential list" launch scene, "beautiful 100 potential list" listed company representatives, Changjiang Electronics Technology (22.030,0.93,4.41%) Dong Zhi, Zhu Zhengyi, shared the frontier information for the Chinese semiconductor chip packaging and testing industry.

Zhu Zhengyi believes that China's integrated circuit manufacturing industry is representative. According to statistics of international semiconductor equipment and materials, there are 15 semiconductor factories under construction in mainland China and abroad by 2019, more than Japan, South Korea and Taiwan (3 in South Korea, 4 in Japan, and 7 in Taiwan). . From the perspective of industrial investment, China’s investment in semiconductors in 2015 has already ranked fourth in the world. The Chinese government plans to increase the self-sufficiency ratio of semiconductors from 20% to 40% by 2020 and reach 70% by 2025. It has been speculated that the investments of semiconductor investment funds at all levels of government in China have reached 100 billion U.S. dollars.

"Integrated circuits are ubiquitous." Zhu Zheng pointed out, "Each of us has a large number of integrated circuits in our mobile phones. The technological innovation of integrated circuits is first driven by Moore's Law, which means that the chip integrates numerous transistors into one. On the chip, the technology node is now from 90nm, 40nm to 28nm, 14nm to 7nm, TSMC is the world's largest integrated circuit manufacturer, and 7nm has been mass produced. Our China's integrated circuit manufacturing company is ZTE International. At 28 nanometers, there are still two or three generations."

The mobile smart terminal device promotes the upgrade and innovation of the packaging technology, so the mobile phone becomes thinner, lighter, and lighter. As technology integration becomes higher and higher, and integration costs become higher and higher, new demands arise for the technology. What does this rely on? It depends on the package.

According to reports, Changjiang Electronics is a leading company in IC packaging and testing. At present, the company's production capacity covers a variety of high-medium low integrated circuit packaging and testing categories, involved in a variety of semiconductor products in the terminal market applications.

Judging from the opportunities for development of China's IC packaging industry, Zhu Zheng pointed out that China has become the world's second largest economy and has established itself as a “world factory”, and IC consumption has become the largest market in the world. "International semiconductor companies have settled in China one after another, and they all have billions of investment."

In addition, integrated circuits are China's strategic, basic, and leading industries. They are the core components of information security and intelligent manufacturing, and are strongly supported by government policies. "The State established the IC Industry Fund in 2014, set up a National Leading Group for Integrated Circuits, and formulated the Outline for the promotion of the development of the national integrated circuit industry. The National Fund has raised 1387 billion in 2015 and is now starting to make the second phase of the fund. ”

Second, a large number of 5G, AI artificial intelligence, automotive electronics, Internet of things, and chip factories have all created huge market opportunities for packaging plants. "China's domestic integrated circuit industry chain is developing rapidly and some key breakthroughs are being made. Changjiang Electronics entered the first camp after the acquisition of Xingke Jinpeng."

Zhu Zhengyi introduced that the company was a very small transistor factory earlier and it was a government-controlled company. Through the restructuring in 2000, it officially became a private enterprise. Since its listing in 2003, it has grown rapidly in the IC industry. Before the listing, revenue was only 500 million yuan. In 2016, it reached 19.2 billion yuan, and it is expected to reach 23 billion yuan this year. Prior to the successful merger and acquisition of foreign semiconductor packaging giant Xingke Jinpeng, Changjiang Electronics has gone all the way to become the world's third largest packaging company. After the completion of the acquisition, Changjiang Electronics has formed seven major production bases: Xingke Jinpeng Singapore Plant, Xingke Jinpeng Korea Plant, Changjiang Advanced, Xingke Jinpeng Jiangyin Plant, Changjiang Electronics Technology (Headquarters IC Business Center), Zhangzhou The factory and Suqian plant have world-leading packaging technology and high-end customers covering the world. The growth of Changjiang Electronics has largely mapped the development of China's IC manufacturing industry.

Zhu Zhengyi stated that Changjiang Electronics Technology must become a world-class giant with four major elements: First, leading technology, second, high-end customers, third, international talents, and fourth, abundant funds. At present, technology and customers, the company has completed the acquisition of Jinpeng, the international talent company is in reserve. In terms of funding, the company launched a second round of refinancing this year with a financing quota of 4.5 billion. “The long-term vision of Changjiang Electronics Technology is to become one of the best semiconductor packaging and testing companies in the world.” Zhu Zhengyi said.