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Market Research Report

The Big Fund - China's next step to becoming a global semiconductor leader

Published by Digitimes Inc. Product code 344968
Published Content info 33 Pages
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The Big Fund - China's next step to becoming a global semiconductor leader
Published: September 16, 2015 Content info: 33 Pages
Description

China has been solidifying its semiconductor industry policy objectives through the release of the "National IC Industry Development Guidelines" in June 2014 and "Made in China 2025" in June 2015, with one key financial support program being the National IC Industry Investment Fund (Big Fund), which will be used to help finance production capacity in advanced process technologies, while also giving China IC vendors the opportunity to acquire global vendors. This report analyzes how the Big Fund can affect the China and global semiconductor industry moving forward.

Table of Contents

Table of Contents

China's IC industry - problems, policies, and goals

  • Current status of China's IC Industry
    • Chart 1: China's IC output value, and IC design share, 2010-2015 (US$b)
    • Problem 1: China IC market has a low local content rate
    • Problem 2: Process technologies of foundries fall behind that of competitors
    • Chart 2: Greater China 12-inch foundry technology roadmaps, 1H14-1H17
    • Problem 3: Low rate of industry clustering
    • Chart 3: China's IC industry output value by region, 2010-2014 (CNYb)
    • Chart 4: Distribution of China foundry production lines by region
    • Problem 4: China's IC design industry is weak in terms of design capabilities
  • China's IC industry - government support, policies, and goals
    • National IC industry development guidelines
    • Chart 5: National semiconductor industry development guidelines, policy-based goals and support
    • Made in China 2025
    • Chart 6: "Made in China 2025," policy-based goals and support for China's semiconductor industry

Big Fund investment goals and methods

  • Investment status and goals for the Big Fund
    • Big Fund investment status
    • Chart 7: Investment status of Big Fund and other investment institutions
    • Analysis of Big Fund investment targets
    • Chart 8: Analysis of Big Fund investment targets
  • Big Fund investment models
    • Direct equity investments
    • Licensing and collaboration
    • Mergers and acquisitions
    • Establishment of guidance funds
    • Chart 9: Semiconductor industry investment fund model
  • Models used by Big Fund for investing in semiconductor industrial parks
    • Chart 10: Big Fund model for investing in semiconductor industrial parks

Big Fund merger & acquisition analysis

  • Areas of the semiconductor industry support in the 13th Five-Year Plan
    • Chart 11: Sectors of the IC industry that the China government might support during the 13th Five-Year Plan
  • Merger & acquisition case studies
    • STATS ChipPAC
    • Chart 12: STATS ChipPAC financials, 2010-2014 (US$m)
    • Chart 13: Market share of world's top-five packaging and testing firms, 2010-2014
    • Chart 14: STATS ChipPAC stock price, January 2010-July 2015 (SGD)
    • OmniVision
    • Chart 15: OmniVision financials, 2010-2014 (US$m)
    • Chart 16: Market share for world's leading CMOS image sensor vendors, 2010-2014
    • Chart 17: OmniVision stock price, January 2010-July 2015 (US$)
    • Micron
    • Chart 18: Micron financials, Fiscal Year 2010-2014 (US$m)
    • Chart 19: Market share of leading global DRAM and NAND vendors, 2012-2014
    • Chart 20: Micron stock price, January 2010-July 2015 (US$)
    • ISSI
    • Chart 21: ISSI financials, Fiscal Year, 2010-2014 (US$m)
    • Chart 22: ISSI main product lines and primary customers
    • Chart 23: ISSI stock price, January 2010-July 2015 (US$)

Potential future Big Fund acquisition targets

  • Chart 24: Big Fund's criteria for selecting potential future acquisition targets
  • Chart 25: Possible Big Fund future acquisitions

Big Fund impact on China's semiconductor industry

  • Big Fund impact on China's IC design industry
    • Chart 26: Big Fund's impact on China's IC design industry
  • Big Fund impact on China's foundry industry
    • The Big Fund's impact on foundry and packaging and testing industries
    • Chart 27: Big Fund impact on China's foundry industry
    • Big Fund's impact on the memory industry
    • Chart 28: Big Fund impact on memory industry

Full report [subscription required]

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