analysis of China's integrated circuit manufacturing capacity and investment hotspots
(1) The development of manufacturing industry has entered the fast track, and industrial revenue has grown rapidly.
The strength of China's integrated circuit industry has increased rapidly, and the manufacturing industry has maintained rapid growth.
Driven by the two-wheel drive of the market and policies, according to statistics from the China Semiconductor Industry Association, the sales of China's integrated circuit industry reached 433.55 billion yuan in 2016, a year-on-year increase of 20.1%. The industrial structure tends to be balanced. The sales of design, manufacturing and packaging testing are 164.43 billion yuan, 112.69 billion yuan and 156.43 billion yuan, respectively. Manufacturing sales continued to increase, with a growth rate of 25.1%, the highest among all links in the industry chain.
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Sales of leading enterprises have been increasing, and some enterprises have achieved continuous profitability.
SMIC's advanced manufacturing process shipments have steadily increased, and 8-inch production lines such as Hua Hong Grace and China Resources Microelectronics are operating at full capacity. In 2016, SMIC ranked fourth in the global pure wafer foundry revenue ranking, with sales of US $ 2.92 billion, a year-on-year increase of 30.3%. Huahong Grace has maintained profitability for 24 consecutive quarters, its sales revenue reached a record high (US $ 712 million), and its net profit reached US $ 129 million, an increase of 14.5%, ranking it eighth in the world.
(2) The manufacturing process has been continuously improved, and the production capacity has continued to expand.
Wafer manufacturing companies have continuously improved their technology.
The 28nm process introduced by SMIC has been a stable foundry for many domestic and foreign companies. The 16nm process research and development is advancing steadily, and the sales of 65nm and below processes account for 44.6% of the total sales. The 55nm image sensor technology developed by Huali Microelectronics is currently the most advanced image sensor technology platform in China.
Benefiting from the increasing market demand for smartphone cameras, Huali Microelectronics' image processor chip shipments continued to grow steadily. Huahong Grace has a comprehensive embedded non-volatile memory technology platform portfolio, covering technologies such as Flash, EEPROM, MTP, OTP, etc. In terms of CMOS-MEMS sensor manufacturing, it has successfully achieved full compatibility of MEMS devices with standard CMOS processes and production lines .
(3) Manufacturing capacity has increased year by year, and the proportion of production capacity has become increasingly reasonable.
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China's manufacturing capacity has increased year by year and has become a new driving force for global growth.
Data show that the domestic monthly production capacity of wafers in 2016 was 1.849 million (equivalent to 8 inches, the same below), accounting for 10.8% of the global total production capacity. Judging from the changes in production capacity, after 2000, China's manufacturing capacity production experienced two waves, each of which lasted 5 to 7 years. The first time is from 2002 to 2007, and the second time is from 2014, and it is expected to continue until 2021. After 2014, China's new capacity accounted for more than 30% of the global new capacity, which has become a new driving force for global wafer capacity growth.
The manufacturing industry is accelerating transformation and upgrading, and the distribution of production capacity is becoming more and more reasonable.
From the perspective of China's wafer capacity distribution, the 12-inch wafer capacity has accelerated in recent years, reaching 1.017 million wafers / month in 2016 (equivalent to 8-inch values, the same below), and the production capacity ratio reached 55%, which has exceeded 200mm and 150mm and the following. The 8-inch wafer capacity has steadily increased (10-year CAGR was 6.2%), reaching 625,000 wafers / month. The 6-inch and below wafer capacity reached 107,000 wafers / month, and the growth was relatively slow (10-year CAGR was 2.7%).
The upsurge of building factories has been formed in many places across the country, and the number of new factories has been increasing. The state and various places have attached great importance to the development of integrated circuits. Driven by related policies such as the "National IC Industry Development Promotion Outline" and various types of funds, a wave of fab construction has been formed in many places.
According to statistics from the International Semiconductor Equipment and Materials Industry Association (SEMI), there will be 62 semiconductor wafer fabs that will be put into production globally between 2017 and 2020, of which 26 are located in mainland China, accounting for up to 42%, most of which are wafers Foundries.