政策支持叠加市场需求攀升 集成电路上市公司加快业务多元扩张

Core Insights - The integrated circuit industry is receiving significant policy support from the Chinese government, as highlighted in the recently released "Suggestions for the 15th Five-Year Plan" [1] - The industry is entering a critical phase of accelerated development, driven by the emphasis on original innovation and breakthroughs in key technologies [2][3] Policy Support - The government aims to strengthen original innovation and tackle core technologies through a comprehensive approach, including financial support for key sectors like integrated circuits [2] - Multiple policies have been introduced to support the integrated circuit industry, including a recent guideline from the People's Bank of China encouraging long-term financing for key manufacturing sectors [2] - Local governments are also actively implementing policies to promote the development of the integrated circuit industry, with specific initiatives targeting core components and technologies [2] Industry Growth and Investment - The global integrated circuit market is projected to grow from 2.49 trillion yuan in 2020 to 3.61 trillion yuan by 2024, with a compound annual growth rate of 9.7% [3] - Companies within the integrated circuit supply chain are increasing their investments, with several firms announcing significant projects to expand their operations [3][4] - For instance, Silan Microelectronics has signed a strategic cooperation agreement for a 200 billion yuan project aimed at producing high-end analog integrated circuit chips [3] Upstream Component Development - Upstream component suppliers are also aligning with industry trends, as seen in the updated fundraising plans of Ningbo Jiangfeng Electronic Materials, which aims to raise 1.948 billion yuan for various projects [4] - The proactive actions of companies across the supply chain are seen as essential for responding to market demands and driving higher quality development within the industry [4] Future Directions - Future development in the integrated circuit industry will focus on high-end innovation and building a robust industrial ecosystem, which is crucial for enhancing the global competitiveness of Chinese firms [5] - Breakthroughs in high-end chips and key components will improve the industry's self-sufficiency and capability for independent control [5]