News from the home of IT on October 13th: The 26th China International Industry Fair opened in Shanghai yesterday. During the Integrated Circuit Summit Forum held in the afternoon of the same day, Yin Zhiyao, the chairman and general manager of SMIC, mentioned the topic of AI while analyzing industry trends.
He stated that currently, the topic of AI is very hot, and almost all discussions in meetings are about AI. However, he would like to issue a warning:AI may experience bubbles, which everyone needs to pay extra attention to.
Yin Zhiyao stated that when looking back at the annual growth and decline trends of the global semiconductor industry from 1984 to 2026, the fluctuations have been extremely intense. The industry's capital expenditure can increase by 100% in one year, or it can decline by 30% in the same period, and there can also be consecutive downward trends.In the future, we may still experience cyclical changes in the industry. What we need to think about is how to cope with such cyclical fluctuations.
Reports indicate that in August of this year, as American companies continued to invest substantial speculative capital into the expansion plans of the AI data center, European regulatory authorities had already begun to consider the impending burst of the AI bubble. Major European banking institutions stated,There is a high likelihood of adjustments in the market, and such shocks will not spare any region or individual in the world.
IT Note: Yin Zhiyao is known as the "Father of Chinese Etching Machines" and was the first Chinese student to join Intel. He worked in the United States for over 20 years and holds hundreds of patents. He played a key role in establishing two world-leading equipment companies.
At the age of 60, Yin Zhiyao gave up a annual salary of one million yuan to return to China and start a business. At that time, the semiconductor equipment market in China was almost non-existent. Subsequently, he founded and led SMIC to become one of the giants in etching machines, on par with the American companies where he had previously worked.
