Konka triggers capital market enthusiasm behind the domestic chip industry outbreak
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Original title: Konka triggered a enthusiasm behind the capital market: The domestic chip industry is about to explode, and the market space is fascinating%.
The reason why the company is popular in the capital market is related to its entry into the chip field.
In fact, Konka has established a semiconductor technology division to try to build a semiconductor industry investment platform.
It is worth noting that beyond that, the domestic semiconductor industry is making a comprehensive breakthrough. At this stage, Konka entered the semiconductor industry. Its achievements may not only exceed imagination, but also contribute to the localization of semiconductor replacement.
Behind Konka’s enthusiasm for the capital market: The semiconductor industry platform is emerging. In 2018, Konka announced a strategic transformation from a home appliance company to a technology innovation-driven investment platform. At the same time, it established a semiconductor technology division to officially enter the chip field.
In November 2018, Konka established Kangxinwei with a 51% holding.
Kangxinwei’s self-developed eMMC memory control chip has the main function of controlling embedded memory.
In fact, Konka’s semiconductor business is not only Konka. Konka is trying to build a semiconductor industry investment platform.
At present, Konka has built a storage industry chain for design, packaging, testing and distribution.
Kangxinwei focuses on design and has independent intellectual property rights. According to Konka, along with Konka Xinying, which focuses on “packaging and testing + channels”, and Zhongkang storage technology, which has already been deployed.
Konka Xinying has invested more than 1 billion in a packaging and testing plant in Yancheng, Jiangsu. It is expected to trial production at the end of 2020, with an annual production capacity of 200 million pieces.
In addition to the storage industry chain, Konka is also actively deploying in the optoelectronic field.
Chongqing Konka Semiconductor Optoelectronics Industrial Park, with a total investment of US $ 30 billion, started construction in Laoshan High-tech Zone in October last year, covering semiconductor design, manufacturing, and services.
At the same time, Konka also launched the first Micro LED TV with a large screen in China, covering from 4K 118 inches to 8K 236 inches. The new products are also unveiled at 2020 CES.
In fact, Konka’s semiconductor industry investment platform also has strong R & D support.
Absolutely, Konka’s R & D costs have soared.
In the first three quarters of 2019, the company’s R & D expenses have reached 3%.
1.9 billion, an annual increase of 40.
At present, Konka has nearly a hundred core key technologies and a R & D team of 2,000 people; it has established a three-level laboratory system, and has reached post-doctoral training with scientific research institutions such as the Shenzhen Advanced Technology Research Institute of the Chinese Academy of Sciences and Harbin Institute of Technology (Shenzhen)Cooperation intention.
The outbreak of the domestic semiconductor industry is imminent: the scale of a billion-dollar market-value semiconductor company is generated and Konka’s breakthrough in the semiconductor industry is inseparable from the progress of the entire domestic semiconductor industry chain.
Absolutely, the country attaches great importance to the development of the semiconductor industry and raises the development of the semiconductor industry to the height of national strategy.
National industrial investment funds and private capital entered the semiconductor industry with market-oriented investment methods.
The National Industrial Investment Fund supports the mutual substitution between various sectors of the semiconductor industry chain through equity investment, and companies that have mutual technological advantages and market competitiveness. In addition, localities also support the establishment of local investment funds to encourage society.Various venture capital and equity investment funds entered the semiconductor field.
Driven by the National Industrial Investment Fund and private capital, China’s semiconductor industry chain is developing rapidly.
At major moments, leading companies have emerged.
There are four major types of semiconductor products: integrated circuits, optoelectronic devices, discrete devices and sensors.
Among them, the market size of integrated circuits accounts for more than 80% of the entire semiconductor market size.
Taking integrated circuits as an example, the industrial chain of integrated circuits is large and complex, and is mainly divided into three main aspects: design, manufacturing, and packaging and testing.
In the field of integrated circuit design, American companies still occupy the absolute mainstream.
But China’s Hisilicon also ranks among them.
In the field of integrated circuit foundry manufacturing, SMIC and Hua Hong Semiconductor are among the top ten.
In mid-February this year, SMIC’s financial report showed that in the fourth quarter of 2019, SMIC ranked 8.
$ 39.4 billion, an annual increase of 6.
Among them, among the percentages of various technologies in the foundry wafers, the 14nm process that was mass-produced in the third quarter of 2019 contributed 1% of SMIC’s revenue in the fourth quarter.
SMIC said that the monthly production capacity of 14nm will reach 4K in March this year, 9K in July and 15K in December.
The accelerated production of domestic 14nm process will not only help the further development of domestic chips, but also promote the pace of domestic substitution.
In the field of integrated circuit packaging and testing, it is expected to be the first field in the domestic industry chain to achieve full domestic substitution.
At present, China’s leading companies, such as Changdian Technology and Huatian Technology, have international advanced packaging and testing technologies.
On the whole, the domestic chip industry is making overall progress in all branches.
Against this background, hundreds of billions of dollars worth of semiconductor companies have also been born in the capital market. Among them are fingerprint recognition chip leader Huiding Technology, mergers and acquisitions of video acquisition chip giant Weir shares, global monocrystalline silicon leader Longji shares, mobile phones.The original designer’s leader Wentai Technology, compound semiconductor giant Sanan Optoelectronics, Lanqi Technology, one of the three giants of global memory interface chips, etching equipment leader China Micro Corporation, display panel giant BOE, and memory chip design leader Zhaoyi Innovation.
At the same time, Konka actively cooperates with related companies in the domestic semiconductor industry to give play to their respective advantages and grow together.
Recently, Konka and Lehman Optoelectronics signed a strategic cooperation agreement. The two parties plan to cooperate on photovoltaic energy Internet, intelligent computing, and cloud server industry.
According to the strategic cooperation agreement, Konka and Lehman will set up a joint venture company in Laoshan District, Chongqing City, with a planned registered capital of 50 million yuan, of which Konka holds 51%, Lehman holds 25%, and the team holds 24%.
The main business of the joint venture is to sell PV inverters, Mpower’s main energy Internet products and integrated solutions for servers, including production.
Konka said that the joint venture company will fully rely on Konka Group’s industry influence, capital strength and industrial layout advantages, as well as Lehman’s industrial integration capabilities, industry customer layout advantages, and smart photovoltaic products and servers as the starting point to give full play to the commonAdvantages, in 5 years to build 5 billion to 100 trillion scale, future-oriented energy Internet, intelligent computing and cloud computing industry platform.
At present, the market value of Konka is less than 300 billion; from the perspective of the semiconductor industry investment platform created by Konka itself and the joint layout with domestic related companies, its market value may still increase significantly in the future.
The pace of domestic semiconductor replacement is accelerating, and the market space is fascinating. In fact, in addition to the maturity of the domestic industry, the market value of Chinese semiconductor companies has soared, and it is also related to the overall international interest, that is, the domestic semiconductor replacement has reached an imperative stage.
In 2019, Sino-U.S. Friction has intensified, and domestic integrated companies have 杭州桑拿网 been included in the physical list of the United States. Among them, semiconductor chip products in the United States are an important means of restricting domestic companies.
What is worrying is that at present, China’s semiconductor imports continue to grow.
According to the General Administration of Customs data, the number of Chinese integrated circuit imports in 2019 was 4,451.
3.4 billion, an annual increase of 6.
6%; the amount of imports is 3055.
500 million, down 2 every year.
In fact, in the past ten years, the amount of Chinese integrated circuits has far exceeded crude oil and has become the largest import product.
At present, China has become the world’s largest electronic product production and consumer market, which has generated a huge demand for the semiconductor device market.
According to data released by IC Insights, the size of China’s integrated circuit market increased from USD 82 billion to USD 155 billion in 2013-2018, with an average annual compound growth rate of approximately 13.
In the future, the Internet, cloud computing, Internet of Things, artificial intelligence, 5G and other strategic emerging industries will further develop, and China’s semiconductor product consumption will continue to increase.
However, at present, China’s semiconductor industry, especially its integrated circuits, has a low self-sufficiency rate of only 15%; the import substitution space is huge.
And Konka’s layout in the semiconductor industry will inevitably accelerate domestic substitution.
Take the core control chip of Kangxinwei’s main products as an example. According to data from research institutions, in 2020, a single storage control chip will be used to calculate the global smartphone, tablet, smart TV, wearable device, and Internet of Things.Devices and other intelligent terminal products are expected to use about 25 billion to 30 billion memory control chips.
If Kangxinwei achieved sales of 1 billion memory control chips in 2020, its market share would be about 3.
3% to 4%.
The Konka announcement shows that the size of the main control chip of Concore’s storage is more than 10% smaller than the mainstream products in the industry, and the overall cost is about 15% lower than the industry average. The reading speed exceeds the industry average, and more mainstream products are invested in the industry.And has a power failure protection function.
From this point of view, in the next few years, the sales of Kangxinwei’s memory control chips may continue to increase.
In the short term, Konka may have adjusted the need.
But in the medium and long term, with the overall breakthrough of the domestic semiconductor industry and the acceleration of domestic substitution, Konka with a market value of 100 billion may not be far away.