Announced by President Xi Jinping at the first China International Import Expo in November 2018, the Shanghai Stock Exchange’s Science and Technology Innovation Board focuses on companies in high-tech and strategic emerging sectors. Of the nine companies first slated to go public on the board, three are chipmakers: Hejian Technology, Amlogic and Raytron Technology. On top of that, three other companies have scrapped plans to list in Hong Kong in favor of Shanghai’s new tech board.
Semiconductors not only top the list of sectors recommended for the board by the China Securities Regulatory Commission, but also feature as a top 10 priority sector in the Made in China 2025 plan.
Bottom line: China is still reliant on imported semiconductors—but probably not forever. Long-term state support is driving independence in more categories of semiconductors, especially emerging chip types like application-specific integrated circuits (ASICs).
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