What are China's nuclear "core" assets in the next 10 years?

Talk about investment, financial management, product analysis and risk warning. From fund stocks to bank insurance, every financial direction suitable for the public is the home of an old uncle. My wife is waiting for you to ask about financial management.

Looking back, there is such an electronic component, which was born in the 1950s and began and experienced the most brilliant new era of science and technology in human history. Now, since the beginning of 2020, the index compiled with this electronic component as its core has become the most sought-after target of A-share capital. The increase included almost all the mainstream indexes of a-shares (including the technology index) and easily won the championship: from mobile phones, computers, automobiles, high-speed rail, power grids, industrial controls, to the Internet of Things, big data and cloud computing, which have penetrated into technology and industry Of various fields. Its core technology affected the battle between Xiaomi and Huawei, and also inspired the "Three Kingdoms" of Apple, Qualcomm, and Intel, and even became an important weight for science and technology, economy and trade competition between countries. It is not only the brightest pearl in the current technology crown, but also the most popular core concept in the current investment boom of a-share technology stocks. This electronic component is-a chip. Technology makes wine heroes, why are chips the biggest growth? The bull market of technology stocks in 2020 has spawned many hot technology concepts: 5G, new energy vehicles, artificial intelligence, the Internet of Things and other topic indexes. You can sing, I will come to power, and take the top spot in a-share gains. However, semiconductor chips have always occupied the "throne" position. The reason lies in the explanation given to you by your uncle. 1. Chips are the foundation of science and technology development. As mentioned above, the core competitiveness of an enterprise or even a country. Semiconductor chips have penetrated almost all areas of science, technology and industry. It is known as the soul of the food and information technology industry of modern industry. At the same time, it is the core competitiveness of an enterprise and even a country. A glimpse of the fierce competition in the mobile phone market: The Xiaomi Mi 10 flagship model released on the Internet last month, Xiaomi 10, started with the Xiaolong 865 chip and caused the mate30 pro equipped with Kirin 990 5G chip to have a heart attack. Not only that, Xiaomi CEO Lei Jun also revealed at a press conference that Qualcomm's Xiaolong 865 chip was jointly developed by engineers from Xiaomi and Qualcomm. This means that Xiaomi's core chip technology does not lag behind the Kirin chip developed by Huawei. In addition to Xiaomi and Huawei, two major domestic mobile phone companies, Apple, which occupies the first place in the mobile phone industry, has also staged a "Three Kingdoms" with Qualcomm and Intel in recent years due to chip problems: Apple refused to pay up to $ 1 billion in baseband chip license fees, and Qualcomm and Qualcomm fought a "patent war." The use of Intel baseband chips during the lawsuit has sparked much criticism of the IPHONEXR signaling issue. In the end, it was not allowed to reach a settlement with Qualcomm for $ 4.7 billion, and reuse Qualcomm's baseband chips. This series of operations and cases also show that the chip is almost the "lifeblood" of current technology companies. Mastering chip technology means mastering core competitiveness. The Sino-US trade friction shows that technological competition in the chip field has completely risen to the national level, and its importance is self-evident. 2. The chip semiconductor industry's policies, capital and markets echo each other and usher in historic development opportunities. After experiencing the "parallel progress" of key technologies in 2018 and 2019, the pace of localization substitution in the chip field has accelerated. At the policy level, efforts have been made to support the development of the integrated circuit industry. Policies such as the "National IC Industry Development Promotion Outline" and "National Major Scientific and Technological Projects" have been issued, giving strong policy support. At the same time, through the establishment of a large-scale national integrated circuit industry fund, also known as a "large-scale fund", direct investment supports relevant semiconductor chip companies and direct financial support. The total investment in the first stage is 138.7 billion yuan, and the estimated investment in the second stage is 200 billion yuan, and nearly 338.7 billion yuan will flow into the chip industry. In terms of market space, China's current self-sufficiency rate for the semiconductor industry is less than 15%. The goal of "Made in China 2025" is to achieve a self-sufficiency rate of 40% by 2020 and a self-sufficiency rate of 50% by 2050. There is huge room for future market development. China happens to be the largest semiconductor consumer market in the world, accounting for 33% of the world total and 11% of purchases The chip semiconductor industry's policies, capital and markets echo each other and usher in historic development opportunities. After experiencing the "parallel progress" of key technologies in 2018 and 2019, the pace of localization substitution in the chip field has accelerated. At the policy level, efforts have been made to support the development of the integrated circuit industry. Policies such as the "National IC Industry Development Promotion Outline" and "National Major Scientific and Technological Projects" have been issued, giving strong policy support. At the same time, through the establishment of a large-scale national integrated circuit industry fund, also known as a "large-scale fund", direct investment supports relevant semiconductor chip companies and direct financial support. The total investment in the first stage is 138.7 billion yuan, and the estimated investment in the second stage is 200 billion yuan, and nearly 338.7 billion yuan will flow into the chip industry. In terms of market space, China's current self-sufficiency rate for the semiconductor industry is less than 15%. The goal of "Made in China 2025" is to achieve a self-sufficiency rate of 40% by 2020 and a self-sufficiency rate of 50% by 2050. There is huge room for future market development. China happens to be the largest semiconductor consumer market in the world, accounting for 33% of the world total and 11% of purchases The chip semiconductor industry's policies, capital and markets echo each other and usher in historic development opportunities. After experiencing the "parallel progress" of key technologies in 2018 and 2019, the pace of localization substitution in the chip field has accelerated. At the policy level, efforts have been made to support the development of the integrated circuit industry. Policies such as the "National IC Industry Development Promotion Outline" and "National Major Scientific and Technological Projects" have been issued, giving strong policy support. At the same time, through the establishment of a large-scale national integrated circuit industry fund, also known as a "large-scale fund", direct investment supports relevant semiconductor chip companies and direct financial support. The total investment in the first stage is 138.7 billion yuan, and the estimated investment in the second stage is 200 billion yuan, and nearly 338.7 billion yuan will flow into the chip industry. In terms of market space, China's current self-sufficiency rate for the semiconductor industry is less than 15%. The goal of "Made in China 2025" is to achieve a self-sufficiency rate of 40% by 2020 and a self-sufficiency rate of 50% by 2050. There is huge room for future market development. China happens to be the largest semiconductor consumer market in the world, accounting for 33% of the world total and 11% of purchases

3. The prosperity of the chip industry continues to rise. The "new infrastructure" will connect all technology industries in a full-scale outbreak. Our future is Xinghai, and the future of chips is a comprehensive outbreak of the technology industry. On the one hand, the semiconductor chip industry is booming upstream, and the semiconductor packaging and testing process is experiencing a bright spot. In the third quarter of 2019, the major domestic sealed test manufacturers Changdian, Tongfu Micropower and Huatian Technology all recorded year-on-year growth. In addition, Changdian, Huatian and Tongfu Weili all announced plans to expand production, indicating that the industry will continue to remain optimistic about the prosperity of the semiconductor industry. On the other hand, and more importantly, downstream demand is about to erupt. The first is the "new infrastructure" brought by 5G. In the context of the 2020 pandemic, the number of base stations and the number of base stations will grow rapidly, resulting in a huge increase in the chip market space. Then there is the development trend of new energy vehicles, including the "black technology" of autonomous driving, which has led to a surge in chip demand. As well as the construction of the Internet of Things, it is interconnected with everything else, promoting the application space of 5G. The processing and storage of massive data has brought higher requirements for the computing power and storage of the chip, which has stimulated the expansion of the entire chip industry chain and the continuous advancement of technology. When algorithms, computing power, and data accumulate to a certain degree through the development of previous applications and technologies, it will also bring continuous progress in artificial intelligence chips and new application landings, bringing greater growth points to the chip industry. In short, the development of the semiconductor chip industry is related to almost all current technology hotspot concepts, which can be called China's core technology assets in the next decade. No wonder the certified chip index continues to be favored by the capital market, winning the crown of growth since 2020. In the short and long term, both "civil and military" focus on "chip leaders." In the index competition related to the other two semiconductor chip industries, the "chip lead" index has maintained a leading position since 2020 for deep reasons. The profits of the chip industry generally have an inverted pyramid structure, and the high-end market has monopolized most of the profits, making the overall structure unfavorable to newcomers. Companies with core technologies can often win everything and enjoy the leading edge of competitive advantage over the long term. This has also become the magic weapon for the "chip leading gain" index. The average market value of 25 constituent stocks has reached 47.1 billion yuan, which is much higher than the other two semiconductor indexes. The "leading gain effect" is even more significant. If you observe for a long time, the "dragon effect" will bring not only short-term flexibility, but also long-term benefits. As of March 2, the cumulative rate of return of the Zhengguo Chip Index reached 477. 56%, well ahead of the other two indices. It can be said to have both military and civilian benefits. It has both short-term flexibility and long-term performance to win. Source: Wind Statistics Date: 2012.1.1-2020.3.2 Want to invest in the core assets of the index? GF Chip Fund (159801) helps you! Because the certified chip index, which is the chip's "core leading" index, is so good, how to invest is the main problem of-. After all, indices cannot be purchased directly, they must be invested through funds. GF Chip Fund (159801) uses a full copy method to invest, closely tracks the national certified chip index, and uses multi-point ETF products such as low interest rates, strong trading, arbitrage, etc., which is a good choice for investors to borrow investment indexes. Against the background of the outbreak of the external market that has caused the entire technology sector to fall sharply, the technology sector has released the risk of excessive accumulation of previous earnings, which is a good time to invest in chip funds. Because the chip fund is very flexible, it can also participate through fixed investment or bulk purchase. In order to invest in China's nuclear "core" assets in the next 10 years, the GF Chip Fund (159801) will help you. Click on the QR code below to follow the "Master of Financial Management"