Recently, GOWIN Semiconductor announced the completion of the B+ round of financing of 880 million yuan, led by Guangzhou Bay Area Semiconductor Industry Group Co., Ltd. Investment fund partnership with investment. After the completion of the transaction, Bay Area Semiconductor Group became the largest shareholder of GOWIN Semiconductor. According to the company's official website, Gowin Semiconductor is mainly engaged in the R&D and industrialization of domestic field programmable logic devices (FPGA), and is the first domestic manufacturer of large-scale shipments of vehicle-spec FPGA chips. Zhao Zhanxiang, partner and CTO of Yunxiu Capital, said that FPGA chips are one of the three major computing power chips. Domestic manufacturers are currently doing a good job in small-capacity FPGA chips, but they still need to make efforts in medium and large capacity. With the explosion of terminal demand for 5G communication equipment, video processing equipment, autonomous driving, data centers, etc., there is still a lot of room for growth for domestic FPGA chip manufacturers in the future. There are already listed companies on the Science and Technology Innovation Board in the domestic FPGA field The full name of FPGA is Field-Programmable Gate Array. It is an integrated circuit chip based on a general-purpose logic circuit array. Its biggest feature is that the specific function of the chip is determined by the user's configuration after manufacturing, hence the name "Field Programmable". According to Zhao Zhanxiang, the FPGA chip is one of the three major computing power chips in parallel with the CPU and GPU, and has a wide range of applications in the fields of communication, signal processing, and video processing. Similar to the competition pattern in various semiconductor segments, the vast majority of the FPGA chip market is also occupied by overseas giants. Data shows that Altera and Xilinx have a global market share of 80%-90% all year round. It is worth mentioning that both giants have been acquired. Altera was acquired by Intel for $16.7 billion in 2015, and Xilinx was acquired by AMD for nearly $50 billion in February this year. Zhao Zhanxiang said that the market of FPGA chips with high computing power and large capacity is still monopolized by overseas giants, and almost no domestic manufacturers have the ability to develop FPGA chips with high computing power and large capacity. There is some revenue in the segmented market, and in terms of medium capacity, domestic manufacturers are focusing on conquering.” In terms of the domestic FPGA competition pattern, he introduced that the two leading companies are Ziguang Tongchuang and Anlu Technology, the latter of which was listed on the Science and Technology Innovation Board at the end of last year. "In the first echelon, there are also Jingwei Qili, and Gowin Semiconductor and Zhiduoji, these companies can also do well." He further told the reporter of "Science and Technology Innovation Board Daily" that with the explosive growth of 5G communication equipment, video processing equipment, automotive autonomous driving market and data centers in the future, the demand for large-capacity FPGA chips will also increase significantly, but there is currently no Domestic FPGA chip manufacturers can compete in the market, "so there will be a great demand for localized substitution in this area in the future." However, Zhao Zhanxiang also bluntly stated that the technical threshold of FPGA chips is relatively high. Many high-end processes, such as 22nm, 12nm and even 7nm in the future, etc. The second is to invest manpower in the development of EDA tools using FPGAs, such as the two American leaders Altera and Xilinx, which are not only the chips themselves Advanced, including the software tools provided are also leading, and the current domestic manufacturers have a big gap with overseas giants in both chips and software, and need to increase investment.” Another market view believes that the gap between local FPGA manufacturers and overseas manufacturers in technology is at least 10 years. Build the third pole of integrated circuit industry development A senior semiconductor source told the reporter of Science and Technology Innovation Board Daily that Gowin Semiconductor successfully completed a financing of 880 million yuan in this round, benefiting from Guangdong's plan to make the third pole of semiconductors, and increased its planning for the semiconductor industry. In April this year, the Guangdong Provincial Department of Industry and Information Technology issued the "Key Points of Digital Economy Work in Guangdong Province in 2022", which clearly mentioned that the "Guangdong Strong Core" project should be fully implemented. Accelerate the construction of the three major industrial groups of semiconductors in the Bay Area, Rongzhi, and smart sensors, vigorously promote the construction of integrated circuit manufacturing projects, and promote the construction and commissioning of key projects such as Shenzhen SMIC and Yuexin Phase II. In November last year, the 2021 China Integrated Circuit Manufacturing Annual Conference and Supply Chain Innovation and Development Conference was held in Guangzhou. The Guangdong Semiconductor and Integrated Circuit Industry Investment Fund and the Guangdong-Hong Kong-Macao Greater Bay Area Science and Technology Innovation Industry Investment Fund were also established at the meeting. The above work The three major industrial groups mentioned in the main points were also established at this conference. According to official information, the Guangdong Semiconductor and Integrated Circuit Industry Investment Fund will invest 10 billion yuan in the first phase to drive social investment to 20 billion yuan, and the second phase will expand to 50 billion yuan. The total size of the Guangdong-Hong Kong-Macao Greater Bay Area technology innovation industry investment fund has reached 100 billion yuan. According to the "14th Five-Year Plan for the High-Quality Development of Guangdong's Manufacturing Industry" released in August last year, by 2025, the operating income of Guangdong's semiconductor and integrated circuit industry will exceed 400 billion yuan, and the level of integrated circuit design will enter the international advanced ranks. Large-scale characteristic process production lines, and the independent and controllable level of the industrial chain and supply chain have been further enhanced, creating the third pole of my country's integrated circuit industry development.