How to use capital to stimulate innovation and ret

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How can China chip make good use of its capital, stimulate innovation and retain talents?

the ZTE incident began to push the integrated circuit industry to the front stage. With the escalation of the Sino US trade war, the impact on the industrial and scientific and technological circles began to appear gradually, and the international environment began to deteriorate further. After the United States, Germany, Italy, France and other European countries began to impose a technological blockade on China, the most representative of which is the restriction on Huawei 5g. Insiders said that these are not emergencies, but inevitable events when China develops to a certain stage

in such an industrial situation, there is no retreat or shortcut for China to develop the core technology "chip" with independent intellectual property rights. How to break through the encirclement of China's integrated circuit industry has become the top priority of the country and industry. Recently, more than 300 entrepreneurs, more than 100 investment executives, more than 20 local government leaders, industry stakeholders and other more than 1000 people gathered at the Jiwei Semiconductor Capital Summit to discuss the development path of China's integrated circuits around talent, technology, capital, policies, industrial breakthroughs, etc

talent: talent is the first element. How can we be willing to be a "bench"

talents are the first core issue in the development of integrated circuits, and at present, China is very short of semiconductor talents. The recently released white paper on talents in China's integrated circuit industry shows that China's demand for talents in the field of integrated circuits is about 720000, the existing talent stock is 400000, and the talent gap is 320000

in addition, from the perspective of salary ratio, the salary of personnel in the semiconductor industry is far behind that of their counterparts in the Internet and financial circles. The myth of sudden wealth in the Internet field has made young talents unable to sit on the "bench" and do chip research and development

behind this is the support of soft environment such as income, business rules, intellectual property protection, etc

there are two main types of chip talents. Zhang Fan, chairman of huiding technology, said that first, technical talents should solve technical uncertainty; Second, entrepreneurs should solve the uncertainty of the future market

Zhang Fan believes that a big consideration in attracting talents is the tax issue. How to create a long-term and sustainable expectation for entrepreneurs or technical talents is very important. In addition, in the United States, Japan, Europe, the United States, Israel and other countries, advanced chip technology is made by countless experts and engineers sitting on the bench for decades. How the government can build a soft environment, derive a better scientific and technological ecological environment, and let more talents engaged in the research of chip underlying technology sit on the "bench", it can be said that it is an urgent task for the development of the domestic semiconductor industry

retain chip talents, "personal income tax will be reduced and employee dormitories will be built!" Li Min, chairman of Ruixin micro, made such an appeal

in addition, not all returned overseas talents are suitable for entrepreneurship, and there will also be "acclimatization". "We hope to build new scientific research institutions and carry out some technical research, so that the existing stock of talents and scientific and technological resources can form a two-way interaction with the industry." Wang Huilian, general manager of Xiamen semiconductor Investment Group Co., Ltd., pointed out

Technology: respecting intellectual property rights to stimulate innovation

after the ZTE incident, national leaders also stressed that "key core technologies cannot be bought, bought or begged!"

"the focus of Sino US trade friction is the protection of intellectual property rights." Li Min pointed out, "at present, many talents of large companies are dispersed to start businesses, which not only fails to protect the intellectual property rights of large companies, but also leads to a price war in the industry. We cannot encourage short-term innovation. If intellectual property rights are not protected, the healthy development of the industry will eventually be affected."

in the field of integrated circuits, the most basic core technology is IP, and chips can only be made based on IP. "IP protection is very important, otherwise there is no way to continue to invest in IP; without IP, it means that our human cost has no advantage, so we hope that the country will pay attention to IP. The United States and Japan have come through this way. Previously, without IP, we could not protect it, but now with IP, we should strive to protect it." Daiweimin, chairman of Xinyuan Holding Co., Ltd., said

if the protection of intellectual property rights is not effective, the talents that the company spends energy on training may take away the core technology to create a new company, and in turn, fight a price war with itself

compared with the United States, "there is no good IP in the United States, and there is no money at all, but in China, because there are more funds, some companies have 'dirty' IP and even have lawsuits, but they can still get financing, which is a very strange phenomenon." Zhang Fan said, "what investors seek is always the fastest return. The above chaos may lead to no one to innovate in the future. Investment institutions must see clearly what the real investment value is when choosing investment objects."

therefore, Diao Shijing, CO president of Ziguang group, suggested that at the patent level, everyone has some overlap. We must follow the rules, respect international laws and protect trade secrets in accordance with international prevailing norms. Diao Shijing also said that in terms of intellectual property rights, through the two wheel drive strategy of "independent innovation + international cooperation", Ziguang group has carried out extensive international cooperation and carried out cross authorization with internationally mature enterprises

Diao Shijing also pointed out that we should focus on achieving breakthroughs at the basic chip level. From the experience of the development of IC industry in Japan and South Korea, it is to continuously invest in basic chips such as storage, CPU or chips, so as to realize the leap of the whole industry and build the industrial foundation and ecology. This is formed by the success of the industry, which requires the joint efforts of the government and enterprises. The focus is still to do a good job in basic research and development, or we will always follow others

capital: investment fever is a blessing or a curse. How can capital become a catalyst

semiconductor was originally a very quiet and lonely industry. In recent years, it has suddenly become a very popular "Star" industry. A large amount of external funds have poured in, and the original interconnection funds and real estate funds have all poured into the semiconductor industry. The investment mode of the whole semiconductor has changed greatly

in response to this change, Lao Yao, the founder of Jiwei, pointed out that to some extent, the focus on semiconductors is that CFRP is more difficult and complex than metal. The salary of semiconductor talents has been improved. At the same time, the cost of obtaining funds for the new generation of entrepreneurs is lower and the starting point is higher

at the same time, Lao Yao also pointed out: "capital fever is a catalyst for semiconductors, and it may also be a corrosive agent."

in the face of the investment boom, from the enterprise level, "it is not a good thing for the future development that enterprises get high financing at the beginning, because IC design is not effective in a short time, and the later performance pressure may disrupt the rhythm of enterprise development. We suggest that enterprises should not blindly pursue the financing amount, but find investors who really agree with the enterprise strategy." Zhang Fan pointed out

at the same time, "the excessive hype of capital is not conducive to industrial development, nor to the technology transfer, technology accumulation, talent accumulation and brand accumulation of enterprises." Yurenrong, chairman of weir shares, pointed out

the capital side also has corresponding views on the current semiconductor investment boom in order to carry out intensive energy conversion. Semiconductor investment has its own development law. It takes a long time to invest, and it needs to be invested continuously. It has a slow effect, so we must adhere to it. At present, many enterprises have no projects to invest because of their popularity or too much funds. If they can't support the financial support, they will definitely encounter problems in the next step of development

sunyuwang, President of SMIC Juyuan, pointed out: "there are advantages and disadvantages for Internet funds, real estate funds and guozitou funds to come in now. If we look at the environment in two years, the disadvantages outweigh the advantages. We have always insisted on rational investment, and will not follow the trend, join the fun, nor pursue star enterprises, and refuse to inflate the valuation."

Chen Datong, chairman of yuanhehua innovation and Investment Committee, said: "semiconductor investment cannot follow the trend, and cannot follow the foam. The wind rises quickly, and it comes down quickly. After the wind passes, the pig will fall down, and the pig or the pig will surely fall to death."

in addition, from the perspective of China's semiconductor industry investment environment, Huang Qing, the managing director of Walden International, said, "it was very difficult to invest in semiconductors in the beginning of 2000. Most entrepreneurs had no experience, there were very few engineers, and there were very few application scenarios for semiconductors in China. Around 2000, we began to invest in many Shanzhai companies. This era has passed. Today, semiconductor investment is to make products with greater added value."

then, what kind of cooperation mode should semiconductor industry investment funds maintain with government funds? Huang Qing said, "the government should do what the government should do, and the people should do what the people should do. Some start-ups, especially the market-oriented industry, the government does not need to intervene, and the government can do some support through government funds. The whole industry must be gradually market-oriented in the end, before it can be rationalized, otherwise it will be very blind."

taking photovoltaic solar energy as an example, due to the massive involvement of local governments, this industry finally became a non-profit industry, because the government has no clear demand for profits. In response, Wang Huilian, general manager of Xiamen semiconductor Investment Group Co., Ltd., pointed out: "the government should control the pace of investment in the semiconductor industry. The government can promote the industry, but if the industry becomes a non-profit industry, it will be very miserable."

insiders agree that China's semiconductor industry has begun to take shape, but what is most lacking in the entire industry is industry giants. When Chinese semiconductor companies become international companies and provide core supporting services, this is the last main battlefield of China's semiconductors and the semiconductor manufacturers that are really worth investing in

breakthrough: integrate into the global industrial chain and replace the breakthrough from localization

there are also different interpretation dimensions for the impact of the ZTE incident and the Sino US trade war. "In the long run, it must be positive; in the short run, it is the international environment that leads to the deterioration of mergers and acquisitions." Chen Datong pointed out, "on the one hand, we need to be more open and integrate into the global semiconductor industry chain, and we can't play by ourselves. On the other hand, we need to form a trend of domestic substitution. Many system terminal manufacturers are resistant to using domestic chips, and now they will take the initiative to use domestic chips."

Zhou Ning, general manager of Yingfu tech, also believes that semiconductors are an international industrial chain. Observing the development of China's integrated circuit industry is a process of gradually integrating into the international semiconductor industrial chain. We can't completely rely on ourselves to make up for our weaknesses quickly. We still need international cooperation or other ways to make up for our weaknesses

in the global industrial chain, the prosperity of domestic application market makes localization substitution the only way. "Our biggest advantage is that the application market is in China, most of the chips are imported, and there is still a lot of room to replace imports. Next, Chinese semiconductor companies must continue to increase investment, improve the level of high-end technology, and jointly build" our biggest advantage is that the application market is in China, and most of the chips are imported,

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