According to Shanghai Securities News, the U.S. Department of CommerceZTEa paper exit authority ban to makeZTEU.S. supplier and A-share technology sector suffered "double killing". In the eyes of people in the industry, China can only strengthen the research and development of basic industries such as equipment, materials, and basic components and components in order to lay a solid foundation for manufacturing. However, chip-made alternatives are a long-term process. Semiconductors, especially front-end materials, devices, and components, require long-term technology accumulation and process validation. The most important thing to do now is to attach importance to the development and industrialization of upstream equipment and raw materials, and make the basic components “high-end” practically.
State SecuritiesHe believes that behind the trade friction between China and the US is the dispute between science and technology and strategic ownership. The ZTE event is not an independent event. The main goal of the United States is to attack China's expansion in the high-end manufacturing field, and it is not excluded that other technology companies may be subject to similar restrictions. In the long run, this will prompt China to accelerate breakthroughs in cutting-edge technology research and development and weak links. In the communications industry, 5G technologies, high-speed optoelectronic chips, and communications chips will accelerate the occupation of technological highlands and achieve localization substitution.
Sichuan Finance Securities also stated that at present, the key devices are basically completely dependent on imports, and the localization of chips needs to be accelerated. Compared with the United States and other international advanced levels, the current domestic chips have a big gap, and the national yield of base station chips is almost zero. They basically rely on imports for key technologies such as PLL, ADC/DAC, RF, and high-speed optical communication interfaces. . At present, only main-processor products such as FPGAs can replace domestic products, and low-end chips in the field of optical communications can achieve partial self-sufficiency, but optical modules with more than 100G still have no domestic-made solutions. As long as some of the chips in the base station are embargoed by the United States, the entire base station needs to be redesigned. It takes more than one year from design to mass production. The U.S. Department of Commerce’s sanctions against ZTE once again sounded a warning to the mainland chip industry, and the process of localization of chips needed to be accelerated. The report believes that this incident has a greater impact on domestic chip design and manufacturers, but at the same time it will also boost its efforts to increase independent research and development, domestic manufacturers are expected to increase funding and talent introduction, and do a good job of patent protection, etc. Related measures. Related to the subject:Huali Chuangtong,Wuhan Fangu,Vision TechnologiesWait.
Cinda Securities stated that with the rapid development of downstream big data, internet of things, and cloud computing industries, the demand for integrated circuits is increasing. China is the region with the largest global demand for semiconductors, accounting for more than 50%. However, China's integrated circuit products, especially memory chips, are almost entirely dependent on imports. IC is a core industry of national science and technology development. Therefore, in recent years, China has continuously introduced industrial policies and provided funds to support the development of the semiconductor industry. The market competitiveness of related companies has increased significantly. In 2018, Research reported that the IC industry is expected to continue its 2017 popularity and give it an "optimistic" rating. It is recommended to lay out the IC industry from two perspectives. The first is to focus on areas with better growth, such as integrated circuits used in automobiles. The second is to focus on the sub-divided segments supported by the country, such as memory chips. Key recommendation companies:Ziguang Guoxin,Quanzhi Technology.
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(Original title: Chip domestic substitution is imminent. Related industrial chain shares or benefit)