2024 China Semiconductor and Artificial Intelligence Industry Summit

On January 12, 2024, CITIC Securities and CITIC Bank jointly hosted the "2024 China Semiconductor and Artificial Intelligence Industry Summit" in Shanghai. The main forum of the conference was divided into "Chip Manufacturing-the country's most important weapon, forging ahead" and "Chip Design-Intelligent Era, Sailing" two major themes. The forum invited more than 10 industry guests to give keynote speeches on semiconductors and AI, more than 40 technology companies to participate in the exchange, the industry's well-known public funds, private equity funds, insurance management, bank wealth management, overseas investment institutions were invited to participate. Industry pioneers, field leaders and top institutions gather together on the professional exchange platform provided by CITIC Securities to jointly study and judge the current situation of the industry, gain insight into industry trends, explore growth paths, and draw a blueprint for sustainable and healthy development.

Yang Minghui, general manager of CITIC Securities, pointed out in the opening speech of the conference that the Central Economic Work Conference held last month deployed 9 key tasks for 2024. The first is to lead the construction of a modern industrial system with technological innovation, especially disruptive technology. And cutting-edge technology spawned new industries, new models, new kinetic energy, and developed new quality productivity, which fully demonstrated the extreme importance of developing high-tech industries to promote high-quality development.

After long-term unremitting struggle and efforts, China's semiconductor and artificial intelligence industries have made great progress, which has increasingly shown a huge role in promoting the high-quality development of China's economy. China's economic foundation is solid, the industrial chain construction is relatively complete, and the supply chain layout is relatively perfect, but we are also faced with difficulties and challenges such as insufficient domestic effective demand, weak social expectations, complex and severe external environment, the development of high-tech industries has also encountered some difficulties.

Looking back on 2023, affected by the world economy and industry cycle, the global semiconductor industry is relatively sluggish. Major international well-known institutions expect global semiconductor sales to decline by about 10% in 2023. At the same time, China's semiconductor industry continues to face the challenges brought by foreign export controls to the safety of the industrial chain. Although Chinese semiconductor and artificial intelligence enterprises are gradually gaining a foothold in the context of the fragmentation of the global industrial chain and emerging in the global market, however, the development of advanced process manufacturing, core high-end equipment, precision equipment, special materials and other fields is still a long way off.

Looking forward to 2024, the semiconductor industry end market is expected to recover, especially in 5G, Internet of Things, automotive electronics, advanced packaging, satellite communications and other fields of innovation and breakthroughs, the field of artificial intelligence will also appear revolutionary progress, for its own industrial chain and all walks of life The integrated development of industries brings new momentum. The Central Economic Work Conference called for strengthening the dominant position of enterprises in scientific and technological innovation and encouraging the development of venture capital and equity investment. Yang Minghui said that CITIC Securities will continue to play the role of professional institutions, focusing on high-tech industries from providing direct financing services for enterprises and direct investment in enterprises, and guiding more financial resources to gather in strategic emerging industries.

Wang Bin, member of the Credit Securities Investment Banking Committee and head of the Information Media Industry Group, pointed out at the conference that in recent years, my country's capital market system has been continuously reformed and improved. In 2024, the market will usher in a new period of opportunity. The A- share registration system will be fully promoted. The landing of Article 18C of Hong Kong stocks and the establishment of an overseas listing filing system provide diversified choices for outstanding semiconductor and artificial intelligence companies to enter the capital market.

CITIC Securities insists on continuous investment in the field of semiconductors and artificial intelligence, laying out all links of the whole industry chain, serving many high-quality enterprises in the industry chain, and serving the IPO of more than 20 semiconductor and artificial intelligence enterprises and the financing of more than 20 enterprises in the past five years. Among them, 19 semiconductor companies ranked first in the industry in the IPO. Wang Bin said that CITIC Securities will continue to provide professional comprehensive services, actively respond to the needs of enterprises, share resources and information, and help more outstanding enterprises to help the capital market join hands to move towards a broader future.

Xu Tao, chief analyst of the electronics industry at CITIC Securities, gave a keynote speech entitled "Semiconductor Industry: Moving Forward, Sailing" to analyze the current situation and development trend of the semiconductor industry. Xu Tao believes that in the long run, the semiconductor industry benefits from the increase in silicon content in human society, "technology demand" two rounds to promote industry growth, superimposed on the 5-year cycle. Industry from the past single strong sticky terminal penetration, to the current era of intelligent computing brain cloud edge combination, grasping hard and soft exchange, sticky terminal from single to multiple, innovation-driven growth. Industrial pattern with the downstream rise and fall of the transfer, the current domestic semiconductor industry high-speed growth, but the volume of catch-up still needs time, the external environment forced downstream procurement of domestic willingness to enhance.

Xu Tao summed up the current domestic semiconductor industry five industry trends. First, the cycle goes up, and the industry gradually recovers with the downstream boom. Second, AI innovation drives, high capital expenditure in the cloud, application outbreaks and landing terminals, accelerating the iteration of hardware update at the terminal entrance. Third, the industry is independent, and the upstream supply chain security related fields accelerate domestic substitution. Fourth, brand self-improvement and chip design localization speed up. Fifth, semiconductors are about to enter the era of mergers and acquisitions, from "small and beautiful" to "to" ".

In the morning of the conference, the theme forum of "chip manufacturing-the country's heavy equipment, forging ahead" was held. the distinguished guests included ye tianchun, chief engineer of the national 02 special project, academician of the international Eurasian academy of sciences, vice chairman of China semiconductor industry association, Zhao haijun, co-CEO of SMIC, Zheng guangwen, chairman of fuchuang precision, and yuan feng, chairman of SMIC power, tang Zhimin, director of the Institute of Computing Technology of the Chinese Academy of Sciences, chairman and CEO of Xiang Dixian, and founder of Longxin/Haiguang. In the afternoon, the theme forum of "Chip Design-Intelligent Age, Sailing Far Away" was held. The distinguished guests included Li Wei, Executive Vice President and Secretary of the Board of Directors of Shanghai Silicon Industry, Dai Weimin, Chairman of Xinyuan Co., Ltd., Wang Zhiguo, CEO of Linsi Technology, Yin Shouyi, Vice President of Tsinghua University's Integrated Circuit College, Sun Dong, Vice President of Xinqing Technology, etc. The guests delivered wonderful speeches on the development path of China's integrated circuits, integrated circuit manufacturing, equipment and parts, materials, third-generation semiconductors, AI big models, computing chips and artificial intelligence chips, and vehicle computing chips.