国家大基金三天两次出手，这次目标是A股芯片封测龙头

中国证券报2021-05-19

从2015年助力通富微电收购AMD旗下封测资产，到2018年接下富士通中国退出股份，国家集成电路产业投资基金股份有限公司（简称“国家大基金”）对芯片封测龙头公司通富微电的发展助力可谓不少。如今果子培育成熟，国家大基金也要享受果实了。 5月19日晚，通富微电发布公告称，国家大基金拟第三次减持通富微电股份，减持数量不超过2658.07万股，不超过公司股份总数的2%。国家大基金一期从2014年运营...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

赞我的今年账户翻十倍
2021-05-20
赞我的今年账户翻十倍
最大空头来了
Jessie8590
2021-05-20
Jessie8590
读取
- ASLi:
  [微笑]
LunLun6767
2021-05-20
LunLun6767
反垄断，好[得意]
应何文
2021-05-20
应何文
国家队带头收割
健安_1832
2021-05-20
健安_1832
666来咯来咯all in
赤耳三皮
2021-05-20
赤耳三皮
[微笑]

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/1130539486?lang=zh_CN&edition=full","thumbnail":"https://static.tigerbbs.com/03e38a3a3c63bd5a9d8d8ca2d384d1c5","is_english":false,"pubTime":"2021-05-19 23:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1130539486","market":"sh","top_or_hot":-1,"title":"国家大基金三天两次出手，这次目标是A股芯片封测龙头","media":"中国证券报","content":"<div>\n<p>从2015年助力通富微电收购AMD旗下封测资产，到2018年接下富士通中国退出股份，国家集成电路产业投资基金股份有限公司（简称“国家大基金”）对芯片封测龙头公司通富微电的发展助力可谓不少。如今果子培育成熟，国家大基金也要享受果实了。\n5月19日晚， 通富微电发布公告称，国家大基金拟第三次减持通富微电股份，减持数量不超过2658.07万股，不超过公司股份总数的2%。\n国家大基金一期从2014年运营...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/KTqqP7H5fy3SwSV1ScVQBA\">网页链接</a>\n\n</div>\n","source":"zgzqb","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>国家大基金三天两次出手，这次目标是A股芯片封测龙头</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n国家大基金三天两次出手，这次目标是A股芯片封测龙头\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 23:20 北京时间&nbsp;&nbsp;&nbsp;<a href=https://mp.weixin.qq.com/s/KTqqP7H5fy3SwSV1ScVQBA><strong>中国证券报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>从2015年助力通富微电收购AMD旗下封测资产，到2018年接下富士通中国退出股份，国家集成电路产业投资基金股份有限公司（简称“国家大基金”）对芯片封测龙头公司通富微电的发展助力可谓不少。如今果子培育成熟，国家大基金也要享受果实了。\n5月19日晚， 通富微电发布公告称，国家大基金拟第三次减持通富微电股份，减持数量不超过2658.07万股，不超过公司股份总数的2%。\n国家大基金一期从2014年运营...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/KTqqP7H5fy3SwSV1ScVQBA\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"159813","symbol_name":"芯片","start_time":0,"source_url":"https://mp.weixin.qq.com/s/KTqqP7H5fy3SwSV1ScVQBA","article_id":"1130539486","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/03e38a3a3c63bd5a9d8d8ca2d384d1c5"],"rights":{"source":"zgzqb","url":"https://mp.weixin.qq.com/s/KTqqP7H5fy3SwSV1ScVQBA","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1130539486","pubTimestamp":1621437623,"sourceInfo":{"source_id":"zgzqb","name":"中国证券报"},"weMediaInfo":null,"summary":"从2015年助力通富微电收购AMD旗下封测资产，到2018年接下富士通中国退出股份，国家集成电路产业投资基金股份有限公司（简称“国家大基金”）对芯片封测龙头公司通富微电的发展助力可谓不少。如今果子培育","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"159813":"芯片"},"translate_title":"The national large fund shot twice in three days. This time, the goal is to seal and test the leader of A-share chips","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/f6051b8047b1d69a2c91b79284c9098f","symbols_score_info":{"159813":0.9},"content_text":"从2015年助力通富微电收购AMD旗下封测资产，到2018年接下富士通中国退出股份，国家集成电路产业投资基金股份有限公司（简称“国家大基金”）对芯片封测龙头公司通富微电的发展助力可谓不少。如今果子培育成熟，国家大基金也要享受果实了。\n5月19日晚， 通富微电发布公告称，国家大基金拟第三次减持通富微电股份，减持数量不超过2658.07万股，不超过公司股份总数的2%。\n国家大基金一期从2014年运营至今，正处于投资回收期，除了通富微电，长电科技、安集科技、长川科技等公司也在国家大基金今年的减持之列。\n5月17日晚间，长电科技发布公告称，公司第一大股东国家大基金拟减持公司股份不超过约3559万股，计划减持比例不超过2%。\n助力收购AMD封测资产\n早在2015年，国家大基金一期成立后一年，便对通富微电进行关注和战略投资。2015年10月，通富微电联合作为战略投资者的国家大基金，筹划收购美国超威半导体（AMD）旗下苏州及槟城两厂各85%股权。\n这项并购将极大增强公司对高端CPU、GPU、APU以及Gaming Console Chip（游戏主机处理器）等芯片进行封装和测试的技术实力，跻身全球前十大封测厂，极大提升国际影响力和知名度。\n这次并购也让通富微电保持与AMD紧密的业务合作。从后来的发展来看，AMD在CPU和GPU市场大放异彩，市场份额持续提升。据了解，AMD已成为通富微电第一大客户。\n通富微电在投资者调研中也强调，公司通过收购AMD封测资产，与AMD形成了“合作+合资”的商业模式，实现与客户之间的“良性互动”。AMD近年在电脑CPU端推出锐龙3000系列等处理器，服务器CPU推出第二代骁龙等处理器，GPU出货量首次超过英伟达，市场份额逐渐提升，资本市场反响强烈。在AMD市场占有率不断攀升的预期下，公司未来发展动能充足。\n国家大基金当时为这一并购出资2.7亿多美金，支持上述收购在2016年4月底交割完成。国家大基金当时和通富微电签署了《售股权协议》等，有权要求通富微电收购大基金手中的股份。\n2016年10月，通富微电便发布公告，拟以非公开发行股份方式向国家大基金购买富润达49.48%股权和通润达47.63%股权，并募集配套资金。通润达、富润达实质上为当时收购AMD旗下苏州和槟城厂各85%股权的持股平台。当时确定发行价格10.61元/股，确定交易对价为19.21亿元，合计向大基金发行股份1.81亿股。2018年1月交易完成，国家大基金借此直接持有通富微电1.81亿股股份，约占通富微电总股本的15.70%，成为通富微电的第三大股东。\n紧接着，2018年2月，国家大基金又承接了富士通中国退出的股份。富士通中国将其所持的通富微电6954.71万股股份以6.4亿元转让给国家大基金，占通富微电总股本6.03%。至此，国家大基金将直接持有通富微电2.51亿股股份，约占通富微电总股本的21.72%，成为通富微电第二大股东，进一步加强与通富微电合作与联系。\n此前已两次减持\n2019年1月，国家大基金在当初通富微电定增时所获得的1.81亿股股份解除限售。\n在此之后，国家大基金已经两次减持通富微电。\n2020年5月29日，国家大基金通过大宗交易方式减持1142.16万股。\n2020年7月29日，通富微电发布公告称，国家大基金拟以集中竞价交易方式减持公司股份不超过1153.70万股，即不超过公司股份总数的1%。2020年8月24日至2020年9月17日，国家大基金减持完毕，每股减持价格区间在21.8元-25.61元，减持后持股数量为2.28亿股。\n如今，国家大基金即将开始进行第三次减持。\n通富微电5月19日晚公告称，国家大基金拟在公告发布之日起15个交易日后的6个月内，以集中竞价交易方式减持公司股份不超过2658.07万股，即不超过公司股份总数的2%。\n\n来源：公司公告\n5月19日，通富微电收报19.31元/股，总市值257亿元。国家大基金拟减持的2658.07万股，价值逾5.13亿元。\n处业绩释放期\n目前半导体行业景气度上行，产能紧缺遍布全行业，作为封测龙头，通富微电有望把握行业上行机会。\n通富微电2021年一季度实现收入32.68亿元，同比增长50.85%，归母净利润1.56亿元，同比大幅扭亏。一季度毛利率17.53%，同比提升4.47个百分点。中金公司分析，通富微电目前各厂区产能利用率均维持在90%以上，同时从一季度现金资本支出10.8亿元、达到历史高位来看，公司提前布局产能扩充提升订单承接能力，有望充分把握行业上行机会。\n通富微电的业务需求高涨与战略合作伙伴AMD密不可分。得益于“先进架构”叠加“先进工艺”，AMD成功量产超过20种7纳米制程的PC、游戏和数据中心产品，AMD在2020年营收增长45%，创97.6亿美元的新纪录，2021年一季度营收增长92.9%，超出业绩指引7.66%，预计2021年全年仍将高速增长。\n通富微电子公司通富超威苏州、通富超威槟城，即此前收购的AMD旗下封测厂，如今也是AMD最主要的封测供应商，有望充分受益。\n除了AMD，联发科也是通富微电重要客户。联发科2021年1月、2月的营收同比增长78.4%，发展势头非常强劲。通富微电作为联发科在中国大陆重要的封测供应商，与联发科的业务规模也会大幅增长。\n公司在业绩说明会上表示，今年集成电路行业处于高景气周期，给公司带来了前所未有的发展机遇。2021年，公司计划实现营业收入148亿元，较2020年营收增长37.43%，预计经济效益也将实现飞跃式增长。","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":197516129,"gmtCreate":1621473149561,"gmtModify":1634188893046,"author":{"id":"3569581951650623","authorId":"3569581951650623","name":"赞我的今年账户翻十倍","avatar":"https://static.tigerbbs.com/d1d63378f07d4231f465c7cd27356410","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3569581951650623","idStr":"3569581951650623"},"htmlText":"最大空头来了","listText":"最大空头来了","text":"最大空头来了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197516129","repostId":1130539486,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":197599209,"gmtCreate":1621472101401,"gmtModify":1634188912105,"author":{"id":"3571194868777759","authorId":"3571194868777759","name":"Jessie8590","avatar":"https://static.tigerbbs.com/5daf40662fa655e5e3885f4cfb1a6bfc","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3571194868777759","idStr":"3571194868777759"},"htmlText":"读取","listText":"读取","text":"读取","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/197599209","repostId":1130539486,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4386488,"gmtCreate":1621479699682,"gmtModify":1631895100648,"authorId":3571203334349794,"author":{"id":3571203334349794,"idStr":"3571203334349794","authorId":3571203334349794,"name":"ASLi","avatar":"https://static.tigerbbs.com/ff95073e7a7f9dc9941ec33732db51ad","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197599209,"type":1,"supId":0,"prevId":0,"content":"[微笑]","text":"[微笑]","html":"[微笑]"}],"langContent":"CN"},{"id":197266727,"gmtCreate":1621469569969,"gmtModify":1634188956532,"author":{"id":"3578562412522571","authorId":"3578562412522571","name":"LunLun6767","avatar":"https://static.tigerbbs.com/e777b1ae53f7859ee574d632a763fd54","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3578562412522571","idStr":"3578562412522571"},"htmlText":"反垄断，好[得意]&nbsp;","listText":"反垄断，好[得意]&nbsp;","text":"反垄断，好[得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197266727","repostId":1130539486,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":197269690,"gmtCreate":1621469409910,"gmtModify":1634188960488,"author":{"id":"3581549565362244","authorId":"3581549565362244","name":"应何文","avatar":"https://static.tigerbbs.com/54b4941f3289052c9a0636cc793d8059","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581549565362244","idStr":"3581549565362244"},"htmlText":"国家队带头收割","listText":"国家队带头收割","text":"国家队带头收割","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197269690","repostId":1130539486,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":197640354,"gmtCreate":1621466298978,"gmtModify":1634189021944,"author":{"id":"3553346853986978","authorId":"3553346853986978","name":"健安_1832","avatar":"https://static.tigerbbs.com/1a310972d59b708bb82abef5c003c84e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3553346853986978","idStr":"3553346853986978"},"htmlText":"666来咯来咯all in","listText":"666来咯来咯all in","text":"666来咯来咯all in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197640354","repostId":1130539486,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":197626946,"gmtCreate":1621465481485,"gmtModify":1634189034732,"author":{"id":"3576478109556405","authorId":"3576478109556405","name":"赤耳三皮","avatar":"https://static.tigerbbs.com/fdca6957e2e69d036093d984d22f13a3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3576478109556405","idStr":"3576478109556405"},"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197626946","repostId":1130539486,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":59,"commentSize":19,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1130539486"}