The popularization of products of Fuxin Microelectronics Co., Ltd.: The news of the upcoming "2015 China IC Industry Promotion Conference" has triggered a fierce reaction in the A-share market. Yesterday, Tongfang Guoxin, Taiji Industry, Shanghai Belling, Changdian Technology, Yangjie Technology, Jingfang Technology and other integrated circuit concept stocks hit the daily limit in batches. In addition, Tongfu Microelectronics, Sanan Optoelectronics and other stocks also rose more than 8%. Among them, Tongfang Guoxin, which announced a fixed increase of 80 billion yuan to invest in the integrated circuit business, has risen by 112.51% since its stock price resumed on November 6. Some analysts believe that the "Industry Promotion Conference" is just a fuse, and the deeper reason for the hype may stem from the attractive industrial prospects of integrated circuits.

Policies and capital are working hard

In recent years, the state's industrial policy of supporting integrated circuits has continued to increase. On June 24, 2014, the Ministry of Industry and Information Technology officially announced the "National Integrated Circuit Industry Development and Promotion Outline" (hereinafter referred to as the "Outline"), which provides various links in the integrated circuit industry chain. Clear development goals and key tasks. The "Outline" clearly puts forward three-stage development goals: in terms of income of the integrated circuit industry, the revenue of the integrated circuit industry will exceed 350 billion yuan in 2015, corresponding to a two-year compound growth rate of 18.1%. By 2020, the compound growth rate of the integrated circuit industry revenue will exceed 20%. On October 30 this year, the Ministry of Industry and Information Technology officially released "Made in China 2025", and integrated circuits ranked first in the list of key industries.

With the support of policies, a large amount of capital has poured in, and the layout of related companies in the industry has also shown a trend of speeding up. Statistics show that since 2015, four international mergers and acquisitions have been completed in my country's integrated circuit industry, with an amount exceeding US$3 billion. In the A-share market, relevant listed companies are also making frequent moves.

In mid-June, Sanan Optoelectronics announced the signing of the "Strategic Cooperation Agreement on Investment and Development of Integrated Circuit Industry" with Huaxin Investment Management, China Development Bank Xiamen Branch and Sanan Group. According to the agreement, Huaxin Investment is the sole manager of the National Integrated Circuit Industry Investment Fund, and will actively promote cooperation with Sanan Group and listed companies of not more than 2.5 billion US dollars, and establish a special fund for the development of III-V compound integrated circuits. , to support its expansion of its integrated circuit business focused on III-V compound semiconductors. CDB provided a total financing of 20 billion yuan at the best interest rate to support the business development of Sanan Group and Sanan Optoelectronics.

And the recent fixed increase plan of Tongfang Guoxin has pushed the layout of the integrated circuit industry to a new climax. Tongfang Guoxin plans to raise 80 billion yuan through a non-public offering of shares, which will be mainly used for the construction of a memory chip factory, the acquisition of a 25% stake in Taiwan Licheng, and the acquisition of upstream and downstream companies in the chip industry chain.

Three investment ideas can be grasped

The prospect of the integrated circuit industry is attractive. The reporter noticed that Zheshang Securities has recently written a research report to check the investment ideas of integrated circuit concept stocks one by one.

First of all, Zheshang Securities believes that it is necessary to invest in "the industry leader". Its research report said that the overall upward trend of the integrated circuit sector has been clear, and the industry leader is undoubtedly the main force driving the future industry rise. Zheshang Securities believes that the fixed increase of 80 billion yuan has pushed Tongfang Guoxin to the status of the industry's "big brother" with a market value of 100 billion yuan, and is the first leading stock in integrated circuits. Tongfu Microelectronics can expand the packaging and testing field to CPU products with the help of recent overseas acquisitions. In the future, it will be a domestic CPU OEM, and there is huge room for imagination. Allwinner Technology is a pure fabless design company among the current A-share listed integrated circuit companies, ranking among the top 50 in the world.