According to the China Semiconductor Industry Association statistics, in 2014 first quarter sales of China's IC industry consolidation 58.75 billion yuan, an increase of 13.4%. Among them, the design industry sales of 17.92 billion yuan, up 28.1 percent; manufacturing sales of 15.37 billion yuan, an increase of 4.5%; packaging and testing industry sales of 25.46 billion yuan, an increase of 10.1 percent, "the development of the integrated circuit industry to promote national integration Outline "officially promulgated in the industry quickly attracted great attention. Hai Tong Securities (600,837, stock it), said the semiconductor industry is information security, the national economy is extremely important strategic industries. Although the huge domestic demand for semiconductor chips, but the proportion of domestic small, mostly imported from Europe and Japan and South Korea and other countries, domestic consumption of 80% of the chips are imported, especially the higher-order chips, almost all imports. "Lack of core (chip) less soul (operating system)," the situation on the one hand directly hinder China's industrial development, on the other hand foreign chip makers have possibly through holes in the chip set to steal confidential data and public information, thus threatening national security. In addition to safety considerations, the integration circuit industry's economic driving effect is very obvious. IMF estimates, the value of $ 1 chip can drive related electronic information industry output value of $ 10, bringing $ 100 of GDP. From the national strategic perspective, the next few years the country will increase efforts to support the semiconductor industry from the capital, taxation and other angles. Haitong Securities is expected to appear in large numbers in the coming years in the semiconductor industry M & A events.