On September 8th, the news showed that the affiliated company of TCL Technology Group Co., Ltd. (hereinafter referred to as "TCL Technology") newly established Moxun Semiconductor Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Moxun Semiconductor") with a registered capital of 100 million yuan.
According to the data, Moxun Semiconductor was established on September 6, 2021, and its legal representative is Chen Naijun, with a registered capital of 100 million yuan. Its business scope includes: integrated circuit design; Integrated circuit chip design and service; Integrated circuit chips and product sales; Integrated circuit sales; Artificial intelligence hardware sales; Development of artificial intelligence application software; Development of artificial intelligence theory and algorithm software; Basic software development of artificial intelligence; Application system integration service in artificial intelligence industry; General application system of artificial intelligence; Technical service, technical development, technical consultation, technical exchange, technology transfer and technology popularization; Sales of semiconductor discrete devices; Electronic product sales; Software sales; Software development; Smart home consumer equipment sales; Intelligent control system integration; Import and export of goods; Technology import and export; Import and export agent (except for projects subject to approval according to law, independently carry out business activities according to law with business license).
According to the equity penetration structure diagram, Moxun Semiconductor is 100% owned by Moxing Semiconductor (Guangdong) Co., Ltd. (hereinafter referred to as Moxing Semiconductor), and the latter is 100% owned by TCL Chipscreen Technology jointly controlled by TCL Technology and TCL Industry.
Three semiconductor companies have been established in the first half of the year.
It is worth noting that in the first half of this year, TCL Technology newly established three semiconductor technology companies, which can be described as the rapid progress in the layout of the semiconductor industry.
On March 25th this year, Moxing Semiconductor was incorporated in Guangzhou, Guangdong, with a registered capital of 50 million yuan. The legal representative is Yan Xiaolin, and TCL Industrial Holdings is the sole shareholder. On August 4th this year, its shareholder was changed from TCL Industry to TCL Chipscreen Technology.
On March 29th, TCL Semiconductor Technology (Guangdong) Co., Ltd. (hereinafter referred to as "TCL Semiconductor") was incorporated in Guangzhou, Guangdong, with a registered capital of 1 billion yuan and legal representative Yan Xiaolin. TCL Industry and TCL Technology each hold 50% equity of TCL Semiconductor;
On May 11th, TCL Chipscreen Technology was incorporated in Guangzhou, Guangdong, with a registered capital of 1 billion yuan, and its legal representative is Yan Xiaolin. Similarly, TCL Industry and TCL Technology each hold 50% of the shares of TCL Chipscreen Technology.
These three newly established enterprises cover the design, manufacture and sales of semiconductors and integrated circuits. Now TCL Technology has once again added a semiconductor company, which means that it is further improving its deep layout in the semiconductor field.
As a former diversified panel leader, TCL Technology has also begun to develop in the direction of specialized operation, divesting terminal business and non-core main business, and focusing on industrial upgrading and strategic layout. In 2020, TCL officially changed its name to "TCL Technology", and in July of the same year, it delisted Zhonghuan Electronics and formally entered the field of semiconductor materials and semiconductor photovoltaics. In August, it acquired Suzhou Samsung, consolidating the industry position and competitive advantage of the semiconductor display industry and forming a business structure based on three major sectors: semiconductor display, semiconductor photovoltaics and semiconductor materials, and industrial finance and investment.
Semiconductor business brings multiple benefits.
We noticed that the semiconductor business brought obvious benefits to TCL Technology in the first half of the year. According to the 2021 semi-annual report released by TCL, during the reporting period, the company achieved operating income of 74.30 billion yuan, up 153.3% year-on-year; Realized a net profit of 9.25 billion yuan, a year-on-year increase of 7.65 times; The net profit attributable to shareholders of listed companies was 6.78 billion yuan, a year-on-year increase of 461.5%; Exceeding the budget in an all-round way.
On the one hand, the semiconductor display business realized an operating income of 40.8 billion yuan, a year-on-year increase of 93.6%, and a net profit of 6.61 billion yuan, a year-on-year increase of 6.75 billion yuan; On the other hand, the revenue and profit of semiconductor photovoltaic and semiconductor business increased substantially year-on-year. Zhonghuan Semiconductor achieved an operating income of 17.64 billion yuan, up 104.1% year-on-year, and a net profit of 1.89 billion yuan, up 160.6% year-on-year.
Production capacity is rising step by step.
According to TCL Technology, in terms of production capacity, Suzhou Huaxing t10 (formerly Suzhou Samsung LCD Factory) and its supporting module factory (M10) were delivered and consolidated on April 1, and the ultra-high definition display project t7 climbed as planned, focusing on the construction of t9 in high-end IT and commercial display fields, and the growth rate of semiconductor display business will remain the highest in the industry.
In terms of semiconductor photovoltaic materials, the company’s total production capacity of semiconductor photovoltaic materials is 70GW, of which G12 production capacity is 39GW. Ningxia Central Phase VI project started construction in March. The smart factory project of diamond wire cutting ultra-thin silicon wafer implemented in Tianjin and Inner Mongolia has been put into operation smoothly. Jiangsu G12 high-efficiency shingle module project has achieved a production capacity of 6GW, and Tianjin G12 high-efficiency shingle module project has entered the construction stage, and the manufacturing capacity of semiconductor photovoltaic industry chain has been rapidly improved.
In addition, the company will increase investment in Central’s leading bases in Inner Mongolia, Tianjin and Jiangsu, and promote full coverage of various power semiconductor chips and integrated circuit chips; In addition, in order to strengthen the synergy effect of the industrial chain, the company has invested in setting up a semiconductor investment and operation platform to find opportunities for industrial investment layout around related fields such as semiconductor integrated circuits.
In terms of R&D, TCL science and technology industry has invested a lot, focusing on R&D investment in core processes, basic technologies and new materials, and enhancing the technical strength of key links and strategic control points in the value chain. During the reporting period, TCL invested 5.09 billion yuan in R&D, accounting for 7.0% of operating income, up 76.9% year-on-year. At present, there are 13,170 PCT patent applications, and 1,480 patent applications for technology and materials in the field of quantum dot electroluminescence, ranking second in the world. In the field of semiconductor display, we will focus on promoting the development of new display technologies such as printed OLED/QLED, Mini-LED and Micro-LED, and realize the ecological leadership of the next generation display technology; In the field of semiconductor photovoltaics and semiconductor materials, the company has established advantages in 210 silicon wafers and shingle modules and related technical and ecological fields, and the technology and production process of 4-12 inch products are leading in China.
Giant players have entered the game one after another
We have noticed that giant companies such as Luxshare, China Mobile and OPPO have set up chip/semiconductor companies one after another this year, and their business scope includes the sales of integrated circuit chips and products or the design and development of semiconductors and their components.
In fact, it is not difficult to understand the original intention of giant players entering the semiconductor field after the ZTE incident. On the one hand, as the core of scientific and technological products, the initial market supply of chips is basically in the hands of manufacturers such as Europe, America, Japan and South Korea. In the future, China’s market consumption will accelerate and upgrade, and the high-end and intelligent development of scientific and technological products will depend heavily on the advanced level of semiconductor chips. If this "core technology" is not mastered, it is difficult to guarantee that it will not face the risk of "sticking its neck".
From another point of view, although China enterprises are determined to build the "core" of China, they also face severe challenges such as high investment and technology accumulation. Leaving aside the integration strength, only looking at the financial situation, only a few giant enterprises in China can enter this road. All in all, the obstacles are long, and the dream of making cores for giant players has begun to come true one after another, but we must also do what we can on the basis of maintaining our main business.
(Original title: TCL Technology has added another semiconductor company! )