With Taiwan of China of back of naval vessel chip the brilliant circle of couplet China electron takes the place of industry business, swim up and down for home already the company offerred brilliant round product, also bring native land to chinese mainland semiconductor firm competition and challenge. A after half an year queueing up, enter with naval vessel chip division achieve board first accepting list, but because loss of core of subsidiary Xiamen couplet is severe, with naval vessel chip current also already successive 3 years of deficit, specified number of 2018 year loss is 2.6 billion yuan, buckle caustic of the net loss after blame 146 million. This increased inaccuracy to because of,be decided to appear on the market.
Author | Ma Cheng edits | Luo Lijuan
On March 22, 9 first divisions are achieved board accept company list to give heat, make with naval vessel chip (Suzhou) Inc. (next abbreviation " with naval vessel chip " ) row among them.
In recent years, include Fuji health industry inside company of much home Taiwan is in A appear on the market, but expression all owes beautiful. Division achieve board open since registering, the market expects to newly emerging force can break cuss of this one demon.
Application division is achieved board before, hand in place to appear on the market at applying for to be in in 2018 with naval vessel chip case, predict to issue new do not exceed 400 million, total amount does not exceed a RMB 2.5 billion yuan. This science and technology is in division achieve board still draft financing 2.5 billion yuan, in all amount in 9 first companies highest.
Regard brilliant circle as acting industry business, ascended 2017 with naval vessel chip body China integrated circuit makes sheet of a list of names posted up of 10 big companies. The couplet that this parent company is located in Taiwan China electron, entering after be stationed in Suzhou industry garden, enjoyed a lot of policy and talent privilege, also build circle of brilliant of a complete set of in place acting labour produces zoology.
But be in this with naval vessel chip division achieve board appear on the market couplet core also comprises in the battle array compositive with couplet semiconductor the subsidiary of electron of two couplet China. Because early days builds the pressure such as the factory, xiamen couplet core is successive 3 years of deficit, this affected the outstanding achievement of the parent company badly also. With naval vessel chip specified number of 2018 year loss is 2.6 billion yuan, buckle caustic of the net loss after blame 146 million, and successive 3 years all deficit.
The graph is and framework of equity of naval vessel chip
In recent years, china regards the world as one of system of the oldest economy, industry of native land semiconductor upgrades, the market demand space that will bring is vast, mainland capital market can give and naval vessel chip provides more fund, round factory of effective and outspread brilliant produces stimulative business can. And the basic material that brilliant circle regards production semiconductor as chip, its manufacture a technology optimize and break through also more and more be taken seriously.
Mention in book of raise capital by floating shares with naval vessel chip, the company insists to be with market demand oriented, through this second collect capital circle of 8 inches of brilliant makes reasonable dilate produce can, in have 12 inches to mix 8 inches advanced with characteristic difference of the proceed on the foundation that make Cheng changes technology research and development, enlarge 28nm and 40nm to wait ceaselessly at the same time advanced the yield that makes Cheng can, raise the rich rate of product line, implementation company advocate business Wu income stabilizes growth continuously.
The graph rises a situation for integrated circuit industry
Appear on the market with naval vessel chip hopeful accelerates confluence of couplet phone company and deepness of mainland semiconductor industry. This action brought stronger competitive challenge to manufacturer of semiconductor of chinese mainland mainland not only, industry of whole to China also chip produces great sense.
Subsidiary deficit, foreground dense fog
Mention and naval vessel chip, bright perhaps somebody is witting. But be in with naval vessel chip the parent company of Taiwan -- Taiwan chip manufacturer company of couplet China electron (United Microelectronics Corporation, next abbreviation " couplet China electron " ) , it is the world's famous chip industry.
Taiwan is the brilliant round producing area with the at present largest international, among them most well-known company has a stage to accumulate report (circuit of Taiwan accumulating body is made) with stage couplet report (couplet China electron) .
Couplet China electron is the semiconductor company with the earliest Taiwan, also be the US stock appears on the market company, in before global market has rate rank 3.
On August 20, 2018, couplet of brilliant circle acting factory China the electron holds partner to be met temporarily, announce to pass subsidiary and naval vessel chip to hand in place to appear on the market in application case, issue A publicly first.
Held water 2001 with naval vessel chip, name of it is reported is taken from " the West below Zheng and fleet " literary quotation. From 2003 put into production of round factory of the first 8 inches of brilliant up to now, develop steadily all the time with naval vessel chip. After this and naval vessel happened for many times to weigh big item to change.
On May 15, 2018, add investor newly to seek advice for Fu Lakai with naval vessel chip (Shanghai) limited company, by finite liability company (foreign capital) turn finite responsibility into the company (China and foreign countries is joint-stock) , investment amount increased 88.14% , turn into by 380 million yuan about three billion two hundred and five million and forteen thousand yuan.
In recent years, enterprise of setting of many stage endowment is in A appear on the market, be in especially on June 8, 2018, health industry Internet lands Fuji successfully A later.
The link that the company that at present Taiwan area manufacturer appears on the market in chinese mainland still has day of moon banner to fall brilliance of the rising sun electron, inferior circle in the air subordinate inferior circle in the air the Shanghai of report of the Hua Yingke ability of compositive, Hua Ying, Nan catalpa. And the program is in A the company that appear on the market has south live abroad, huge machine, attain vessel Ji Rongcheng.
But, include Fuji health industry inside stage endowment enterprise is in A performance is average, fuji health industry deals to drop in the future in 4 only broken release price.
To land A, also made adequate preparation with naval vessel chip, integrated Xiamen integrated circuit makes core of couplet of round factory of 12 inches of brilliant (Xiamen) semiconductor of of couplet of company of service of design of limited company, IC (Shandong) limited company, join forces comprised driving " fleet " .
However, chip creates the fund that attributes a model concentrated model industry, the investment of product line of integrated circuit of craft of a 28nm restrains 5 billion dollar, 20nm craft product line is as high as 10 billion dollar. According to industry usual practice, the depreciation fixed number of year of equipment is general shorter, higher investment amount and briefer equipment depreciation fixed number of year, bring about chip production company to be put generally in deficit situation in initial stage of put into production. Held water 2015 with the core of subsidiary Xiamen couplet of naval vessel chip, up to now depreciation of early days fixed assets and intangible assets amortize are too big bring about wool interest rate to be negative, and need plan drawing goods is decreased be worth and predict to be in debt, these caused loss of parent company whole.
The section that basis and naval vessel chip publish is achieved board book of raise capital by floating shares shows, the net gain with possessory parent company of company vest in is respectively - 14, 3.905 million yuan, 7, one million two hundred and eighty-seven thousand nine hundred yuan, 2, nine million nine hundred and twenty-seven thousand two hundred yuan, unless,buckle regular the net profit with possessory parent company of the vest in after increase and decrease is respectively - 15, five million seven hundred and ninety-five thousand two hundred yuan, - two million nine hundred and sixty-two thousand two hundred yuan, - 14, six million four hundred and forty-six thousand three hundred yuan, end 2018 end, company accumulative total did not allocate profit to be - 92, six million seven hundred and twenty-four thousand four hundred yuan.
With naval vessel chip nearly 3 years of main and financial data
Reach A from current market environment in light of prices, with naval vessel chip successive 3 years of deficit, land A perspective presence inaccuracy decides an element. After half an year queues up more to await, with naval vessel chip the choice is in division achieve board seek an opportunity, but background of complex live abroad business and subsidiary loss are severe, give undoubtedly and naval vessel chip is landed division achieve board also cheat dense fog.
Outback policy is attracted
Liu Qidong of CFO of couplet China electron is in partner is mentioned on the meeting, application A appear on the market, the mainest focal point depends on long-term development. Future passes through field of A stock market, can make couplet report has another conduit that raise fund, also be helpful for be being applied in the extend of Taiwan and capital.
According to couplet China cable subsidiary is in money of the fourth quarter signed up for 2018, total battalion closes glide about 10% . Couplet China electron thinks income falls the reason is those who impose close money requirement is low fan, the demand of mining decreases, reduced the demand to mining hardware thereby.
Layout inland, for couplet China electron, can search more cheap acting work environment on one hand, also can be close to outback market and talent more on one hand. And after appearing on the market, couplet China electron also can acquire outback investment.
Circle of before the whole world 5 big brilliant is acting first half of the year 2018 factory, rank cent accumulates report, case for the stage electron of Luo Fangde, couplet China, SamSung and in core international, the market is had rate (receive consideration with battalion) ordinal for 56.1% , 9.0% , 8.9% , 7.4% reach 5.9% .
To couplet China for the electron, resource of market of mainland of have the aid of, drive and naval vessel chip hands in place to appear on the market in Shanghai card, the yield of augment and naval vessel and couplet core can, disentomb outback market, enhance market competition ability, will be very important one step.
2009, couplet China electron is bought with 285 million dollar and naval vessel chip 85% equity, ; 2016, couplet China electron with cash every 1.1 dollars, buy and the rest of holding company Best Elite International Limited of naval vessel chip is current and outer 8.92 ％ equity, buy this after finishing, couplet report will 100 percent hold and naval vessel.
Choose garden of industry of state of settle Yu Su at that time with naval vessel chip, greatly the favourable policy of profit from place.
Area of Suzhou industry garden closes by China and Singapore government build condominium, the project examines and approve efficiency outclass to be the same as a city other place. With naval vessel chip assistant president, presiding financial Guan Youchao is born to ever was recollected to media, in those days he is Zhou Sanlai sets out from Taiwan, the dusk already was when coming to Suzhou via a favourable turn of the 3rd ground. After giving an application, he prepares Zhou Wu before answering a stage, had obtained business license. And make an on-the-spot investigation to Suzhou from first time, arrive and naval vessel is formal break earth, also used 3 months time merely, efficiency is very breathtaking.
You Chaosheng is mentioned, brilliant circle acting plant is expensive to demand of water and electricity. Run suffer be restricted water, be restricted report resembles big, "But in garden of Suzhou science and technology, from 2003 with naval vessel put into production arrives today 15 years, all along, did not worry about these things. Did not worry about these things..
And be in with naval vessel chip garrison after Suzhou industry garden, also will already will go up, downstream industry introduces area of Suzhou industry garden, formed group get together effect, complete the first step in position of industry of chinese mainland integrated circuit.
Hold water up to now, also win the commendation of Suzhou municipal government for many times with naval vessel chip, if ever was obtained with naval vessel chip " workshop of demonstrative intelligence of area of garden of industry of 2017 year Suzhou " , also be judged to be 2018 Suzhou enterprise of innovation of 10 old science and technology.
With naval vessel chip current product is included former integrated circuit makes Suzhou and naval vessel and Xiamen couplet core limited company (next abbreviation " Xiamen couplet core " ) 40nm and 28nm are made. Xiamen couplet core is mixed by electron of Xiamen municipal government, couplet China tripartite of group of information of Fujian Province electron is collective and contributive establish and become. Semiconductor industry observation is mentioned, couplet China electron was to Xiamen couplet core 2017 after round technology of output 28nm crystal, core of couplet of very fast Xiamen realizes a quantity to produce fine rate to be as high as 94% , this proved the stability of product of 28nm of couplet China electron.
The graph is and main battalion receives naval vessel chip origin
The graph is and staple market of naval vessel chip
Couplet China electron relies on outback market solution to strand
Force of couplet China electron advocate peace naval vessel chip is in China appear on the market, it is to improve capital to flow on certain level, tarry talent, alleviate competitive pressure.
Wang Shi of president of banquet of couplet of couplet China electron is accepting Taiwan " money dispatch biweekly " when interviewing, mention, couplet report arrived to had be toed change when. A the most apparent target is, as a result of the excessive investment in the past, couplet report must want to maintain produce can utilization rate is as high as 9 to become above, ability makes money quite, our EP is to exert oneself to do sth. pigheaded towel is squeezed those who come out. King stone speak bluntly, couplet report is to use sacrifice to gain profit previously, will exchange battalion harvest to grow.
Future, couplet report does not participate in the advanced competition that make Cheng, no longer follow-up invests 7nm technology, should rely on maturity to make Cheng push the company with smaller than him dimensions go out.
A list of names posted up of industry of domestic newest integrated circuit that Chinese semiconductor guild issued the basis 2017 is odd, rank in countrywide semiconductor production company with naval vessel chip before 10.
The graph makes enterprise rank for 2017 China semiconductor
But with naval vessel chip and couplet core compositive and current position is relatively awkward. Couplet report and couplet core are compositive 28/14nm competition ability is not strong, 2018 the 2nd quarter, close with the battalion of the 28/14nm of naval vessel chip for new station money 7 billion, 18% what occupy total battalion to close. Couplet core is compositive in the allowance strong hold that acquires Xiamen government, adopt low to scratch only policy.
2015 with naval vessel chip the circumstance of 2 billion leaves money of gain new station, 2016 actually money of deficit new station 700 million. In the whole world 8 inches of aluminium make Cheng produce can tight situation to fall, the company returned to money of gain new station 2017 700 million.
According to the program of couplet report, prepare capital this to use 8 inches at augment and naval vessel chip partly with place of naval vessel chip 10 thousand produce per month can, predict the 2nd quarter was finished 2019; One part is used at improving the financial structure with couplet compositive core. Prospective couplet core is produced per month compositively can will add from 17 thousand enlarge reach 25 thousand, compositive to couplet core for, capital pressure is very enormous. And 2 period start will more test capital actual strength.
Notable is, what develop the history 16 years had form perfect industrial chain with naval vessel chip, have steady passenger source. With naval vessel chip and home industry of semiconductor of much home bibcock reachs long-term and good cooperation, if north China is achieved, inferior circle in the air compositive wait.
In the meantime, be in with naval vessel choose upriver IC to design firm client respect very severe exacting, the company must have design and capacity of be on sale. But after collaboration begins, can offer complete set to serve for the client with naval vessel, besides complete design support, still include to help client arrangement be in China enclose and check, while this stabilizes client and order to be brought with naval vessel, also formed semiconductor accordingly design, production, enclose, the system of benign modes of life and relation to their environment of the test.
Liu Qidong of CTO of couplet China electron is met in partner go up to also be mentioned, drive appear on the market a very main reason is to want tarry relevant talent.
By means of is in division achieve board application appears on the market, can pass match welfare comes tarry talent, also stabilize the fluidity of employee. The rate of talent prediction of a person's luck in a given year 2017 exceeds it is reported and naval vessel chip 15% , if can provide a promotive mechanism that follows equity couple, sure conduce to tarry talent.
Chinese chip production industry still lies growing period. In this period, more home chip makes a manufacturer be in succession on the craft that make Cheng obtain a few old techniques to break through, can advance Chinese chip to make an industry develop more quickly.
