每经热评｜600余家企业集中亮相湾芯展 中国芯片的“硬实力”藏不住了

Core Insights - The 2025 Bay Area Semiconductor Industry Ecosystem Expo (Bay Chip Expo) in Shenzhen showcased over 600 companies and attracted thousands of visitors, highlighting the advancements and potential of China's semiconductor industry [1][2] - The expo serves as a platform for Chinese chip manufacturers to demonstrate their innovations and capabilities, particularly in overcoming previous technological restrictions imposed by foreign entities [1][4] - China's semiconductor market is characterized by a robust industrial ecosystem, which fosters collaboration and innovation across the entire supply chain [2][3] Industry Overview - In 2024, China's integrated circuit import scale is projected to reach approximately 2.8 trillion yuan, with the Bay Area being the largest semiconductor growth market in China [2] - The expo emphasizes the importance of a complete industrial system that provides diverse application scenarios for chips, facilitating new market opportunities [2] - The semiconductor industry is known for its high capital requirements and long cycles, necessitating support from risk and patient capital, which the expo exemplifies [2][3] Market Dynamics - As of Q3 2025, there have been 93 mergers and acquisitions in China's chip industry, a 33% increase year-on-year, with a total transaction value of 54.9 billion yuan, reflecting a nearly 50% growth [3] - The expo also highlights the increasing participation of foreign companies, with international exhibitors growing by over 50%, indicating China's openness to global collaboration [3][4] Future Outlook - The Chinese semiconductor industry is moving towards maturity, with a focus on comprehensive system advancements across design, equipment, materials, and software [4][5] - Continuous innovation and open cooperation are seen as key strategies for building resilience and securing a competitive edge in the future [5]