This article is from the public number: CV Intelligence (ID: CVAI2019) , author: Zhang Xue, from the title figure: vision China

Beginning with innovation, rising through precipitation. Is the year 2019 a thick accumulation, struggling to move forward, or walking on thin ice?

Beginning with innovation, rising from precipitation. The hard-tech industries waiting for the future have ushered in many “inflection moments” in 2019. Some have ushered in the first year of development. Some are making a lot of money while others are rushing rationally in a blend of ice and fire. For example, 5G and chips have become the blue ocean market that the industry must meet. At the same time, many companies in the field of autonomous driving and artificial intelligence are still staggering in the waves.

What kind of developments and changes have taken place in this competition from year to year?

In history, the emergence of each new generation of semiconductor giants and emerging regions has been accompanied by terminal migration and technological changes.

Under the new wave of AI and 5G, the era is calling for the emergence of new chip giants, and globally, Chinese chip manufacturers are likely to stand out.

Undoubtedly, China is in the period when the AI ​​industry is developing most rapidly and the 5G layout is the most active. At the same time, entrepreneurship focusing on these two areas is also full of vitality.

At the same time, China has also become the most urgent and most vigorous market for traditional industries’ intelligent demand.

If you look at the current chip landscape in the world, looking at the situation this year, China’s chip industry is shifting its technology flow to industries dominated by chip manufacturing through capital stimulus.

2019 is not only a turning year for the chip industry, but also a year for the outbreak of Chinese chips.

Chip leverages science and technology board to “turn over”

June 13th is the official launch day of the science and technology board.

On this day, 3 companies, Lanqi Technology, Hangke Technology, and Tianyi Shangjia all passed the examination, and another 6 companies also submitted registration applications. As a result, the first batch of science and technology board companies listed Opened a new page in the history of science and technology in China.

In terms of the industry of 9 companies, 4 of them are related to semiconductors: Lanqi Technology, Ruichuang Micro-nano, Anji Technology, and Huaxing Yuanchuang.

Satisfied with expectations, the science and technology board on the first day of trading opened the era of China’s “core expensive”, the chip industry chain stock price-earnings valuation from 100 times. Among them, Anji Technology, which had the most rapid increase, once rose by more than 5Times, the price-earnings ratio is about 300 times; Lanqi Technology once rose nearly 3 times, the market value exceeded 100 billion.

At that time, many investors focused on the chip semiconductor industry said that they have recently experienced a rapid rise in the valuation of chip targets, and some of the investment star targets have risen rapidly. The market is hot and “not easy to start.”

It can be seen that with the emergence of the science and technology board and the trend of chip stocks leading up, the Chinese economy is entering a period driven by technological dividends.

Gao Chao, CEO of Cloud Capital, also said that the science and technology board opened the way for the rapid exit of chip company investment. At present, eight semiconductor companies have been listed on the science and technology board.

At the same time, these companies have not only broken the “card neck” situation of China’s chip industry abroad, but also possessed the strength of a global leader in the subdivision field in the international market.

In this regard, the performance of Anji Microelectronics and Lanqi Technology is also worth mentioning.

It is understood that Anji Microelectronics is currently the only semiconductor material company in China to achieve mass production of high-end chemical mechanical polishing fluids; Lanqi Technology has taken the lead in the field of server memory interface chips, and its market share in 2018 has surpassed US companies IDT, etc.

In the context of the economic downturn, the total fundraising and the total number of investment cases in 2019 have both declined, and the market is still in a cold winter.

But the market is also undergoing structural changes, mainly reflected in the very active investment in hard technology and medical treatment. As a core area of ​​hard technology, investment in the chip industry is still hot.

Data show that as of November 2019, incomplete statistics have shown that 196 chip companies have been invested in the entire industry. It is expected that the annual data will significantly exceed 2018, and the overall investment amount will reach about 27 billion, of which 74.1% are chip design companies. . Chip design companies in the fields of AI, Internet of Things, and 5G are the most sought after directions by capital.