Chapter 729 [The United States reacted quickly to increase restrictions]
In the next few trading days, the semiconductor sector continued to strengthen under this major positive stimulus, which also helped the market index continue to rebound. Intraday dips will always be pulled up.
The launch of the big fund has attracted much attention in Xincheng, because this city is home to many semiconductor companies, covering the upstream, middle and lower reaches. According to incomplete statistics, there are hundreds of semiconductor technology innovation companies, large and small, in the high-tech industrial park of Xincheng.
It has become the center of domestic high-tech industry clusters represented by the integrated circuit industry, and not only semiconductor companies, but also the headquarters of star-level technology companies such as the headquarters of Xingyu Technology, the headquarters of Quantum Beat, and Jiuzhou Blue Arrow are also here
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After the big fund was launched, many people speculated whether this was related to Qunxing Capital, because many companies in the first batch of investment projects had a common identity, that is Qunxing Capital held equity in those companies, or even controlled subsidiaries.
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However, Stars Capital came out to "refute the rumors" and said that the large fund has nothing to do with Stars Capital, but only enjoys the support of the state. Anyway, it will not jump out to admit it at this time.
Only a few senior people know that the management teams of large funds are actually led by people sent behind the scenes by Star Capital.
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At the end of February, the semiconductor sector brought good news to Fang Hong.
The semiconductor R&D company of Galaxy Group has successfully broken through the 32nm process technology and is expected to enter mass production in the third quarter of this year. The products put into production include low-power, mixed-signal and radio frequency products, etc.
The most important thing is that the semiconductor companies invested by Galaxy Group covering the upstream, midstream and downstream are able to complete 79% of the process links, and have achieved 89% domestic substitution in all major links within the 32nm process. This is a huge progress.
After sorting out the overall links, only the lithography equipment still needs to be imported from overseas. However, 32-nanometer level lithography equipment has been imported, so there will be no problems in mass production.
In addition, 28nm technology research and development is also progressing smoothly as expected, and the progress is also very good.
However, the breakthrough of the 32nm process is still far behind the international level. The current international semiconductor process has advanced to the 14nm level this year. Domestic substitutes have to catch up. There are still 28nm, 22nm and 20nm ahead, and they are still four years behind.
generational gap.
But the gap has been shortening. Before Stellar Capital entered the market, the gap was getting bigger and bigger with Moore's Law. This is the biggest change.
The current breakout plan for domestic semiconductors has not deviated from Fang Hong’s expectations, which is to catch up at a rate twice as fast as Moore’s Law every year. According to this breakout speed, combined with the iteration speed of Moore’s Law, it will take another three years to catch up with the world’s most advanced ones.
process level.
That is, around 2017, according to the iteration speed of Moore's Law, the world's most advanced process level in 2017 was already around 10 nanometers.
China has now broken through the 32nm process and reached the 10nm level, which has to go through five generations of 28nm, 22nm, 20nm, 14nm and 12nm.
According to the expected goal given by Fang Hong, that is, the most advanced process level in the world will be improved by one generation. Domestic semiconductors will have to catch up with the speed of two generations later, breaking through 22 nanometers in 2015, 14 nanometers in 2016, and 10 nanometers in 2017, which is just right.
To catch up with the most advanced international semiconductor process level, 2018 will be a truly historic turning point for the global semiconductor industry. At that time, domestic semiconductors will achieve a situation from lagging behind to equaling and then leading the world.
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Just after the news of the landing of the big fund was announced, America also paid attention to this matter and responded quickly.
On Wednesday, March 4, North America announced further restrictions on the large Eastern countries in the semiconductor field. This time, it imposed restrictions on a series of key links such as photolithography machines and photomasks, and prohibited international semiconductor companies from doing business with them.
As soon as the news came out, the A-share market fell the next day on March 5. At the same time, the semiconductor sector stocks that had surged previously fell collectively. The sector index plummeted -8.73%, and many semiconductor stocks closed at their limit.
In terms of public opinion, the other side is also stepping up its offensive, and those who have received the dog food have begun to work.
Started to intimidate and output some remarks, what's the matter now? There is no breakthrough in domestic semiconductors, and others internationally will not play with you anymore. In modern society, without semiconductors, how can you play without chips? Prepare for a major economic recession!
Just after the United States took action, senior officials also responded. The news quickly reached Fang Hong, who was discussing countermeasures and asked Fang Hong to participate in a remote video conference.
Qunxing Capital is currently taking over the task of breaking out of domestic semiconductors. The large funds are actually handed over to Qunxing, and Fang Hong will naturally attend the meeting.
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Thursday afternoon, March 6th.
Fang Hong entered the study room on the second floor of the villa, turned on the computer and connected to a highly confidential remote video conference. This was a high-level internal meeting. There were not many people, but the specifications could be said to be top-notch, which showed that the above paid attention to it, and Fang Hong
It was also rare for Hong to attend the meeting in formal attire.
"The Chinese people have stepped up their efforts, which shows that we have done the right thing, but the situation is not optimistic. It cannot be justified not to react. To react, we must first clear out what cards we have in our hands to play. Comrade Fang Hong, we
You are responsible for the chip development, you should know the best about all aspects, and you should have the most say in what cards we have to play, so you can tell everyone."
Fang Hong also made preparations for this meeting. When he heard the leaders at the meeting asking for advice, he organized some words in his mind and said: "Not only do we have many cards to play, but they are all trump cards."
As soon as he said this, the leader was curious when he saw his very confident words and said, "Oh? What's the trump card?"
Hearing this, Fang Hong replied: "There can be many stuck links in the chip, and all the stuck links are indispensable. But looking at it conversely, you only need to master one stuck link to stop the entire link.
, and we can choke the world’s neck from the raw material link.”
The senior leader in the video conference looked around at everyone, and then said with interest: "So we still have such a good card?"
Another participant leader immediately asked: "What raw materials can choke the neck of the world?"
Fang Hong continued: "Although the output of these rare metal raw materials such as gallium, germanium and antimony is very low, they are indispensable in high-tech products such as high-end chips, high-end military industry, and photovoltaics."
"These materials have a wide range of functions, just like the seasonings of high-tech products. They are rarely used and cannot be used without them. The point is that our reserves and production of these raw materials have reached a monopoly level all over the world.
Relying on our supply, it can be said that we have to restrict it, and a large number of Western high-tech companies will suffer."
As soon as these words came out, the leaders present became even more interested. They really didn't know about it without knowing more about it.
Fang Hong continued methodically: "For example, the concentration of gallium in the earth's crust is very low, only about 0.0015%, and it is distributed everywhere but not concentrated. The main reason is that it has no primary ore and is made of electrolytic aluminum.
By-products are subsidiary products of refining bauxite and sphalerite."
"Currently, more than 90% of the world's primary gallium is an ancillary product of refining, and the annual output is quite small. However, we account for 85% of the world. If calculated based on production, we can account for 96% of the world."
