China has invested a huge amount of money in semiconductor industry, but the industry still hasn't found its place in international market. While strengthening semiconductor enterprises, China has started outbound merger. ANBOUND research team has followed the development of Chinese semiconductor industry for a long time. We believe that besides huge capital input,semiconductor industry needs profound technology accumulation, innovation ability and international market expanding ability. China has been promoting the development of semiconductor industry on national level for almost 20 years but failed to foster any enterprises with international competitiveness. The prospect of enhancing Chinese semiconductor industry through capital purchase isn't optimizing now.