At the end of each year, we will make some outlook and views without data support on the development of the global and China's semiconductor industry in the next year, and continue this year. The coming 2019 should be a bad year for most of the semiconductor companies in the world. The industry as a whole is hovering at a low level. The major application markets such as AI and automobiles in the past two years have been weak and sluggish, and the Sino-US trade frictions have been escalating. The Trump government has begun to deeply adjust its science and technology strategy towards China, and forced the "technology decoupling" between China and the United States to become one of the important policy options, It also directly affects the prosperity of the semiconductor industry characterized by "reasonable division of labor in the global value chain and respective comparative advantages". The trend of the global semiconductor industry in 2018 and 2019 is both hot and cold, and the regional market is also showing a highly differentiated market. However, according to the guidance of many data in the current three and four quarters, the overall development of the semiconductor industry in 2020 is optimistic. Here is also an outlook and prediction:
