According to a CCTV financial report, statistics from China’s customs show that my country’s chip imports in 2019 were US$304 billion, far exceeding the second-ranked crude oil imports. Although the overall chip import value is very large, compared with the import value in 2018, it has decreased by 8 billion U.S. dollars, a year-on-year decrease of 2.6%.
In the capital market, chip-related listed companies performed well. According to the wind chip index, as of the end of July, the cumulative increase in the chip index this year reached 49.46%.
In the A-share market, the market value of SMIC’s stocks listed on the Sci-tech Innovation Board in July has exceeded 200 billion yuan, and the value of the stock markets of Weir shares, Wingtech Technology and other companies has exceeded 100 billion yuan.
Industry insiders believe that the sales revenue of my country’s integrated circuit industry in 2019 is 756.22 billion yuan, and the sales revenue of my country’s integrated circuit industry is expected to exceed 900 billion yuan in 2020. Benefiting from the improvement of the overall industry boom, the chip industry will continue to maintain rapid development and focus on relevant leading companies.
Recently, the State Council issued the “Several Policies to Promote the High-quality Development of the Integrated Circuit Industry and Software Industry in the New Era.” Related data released by the State Council show that China’s chip self-sufficiency rate will reach 70% by 2025, while my country’s chip self-sufficiency rate in 2019 is only about 30%.
Industry insiders believe that the development of domestic chips is accelerating. Under the vigorous promotion of policies, the chip industry has a lot of room for domestic substitution, and there is also a lot of room for improvement in the degree of marketization of the entire domestic chip industry.