Design and manufacturing are most valuable.
The chip industry chain is divided into upstream and downstream, of which chip design and manufacturing belong to the upstream high-end industry. In terms of design, Qualcomm, Mediatek, Intel, Hisilicon Kirin and other very famous companies. The manufacturing aspect of the chip industry chain is divided into equipment manufacturing and chip manufacturing. At present, the entire chip industry chain can manufacture high-end lithography machines of chip equipment is only four, and can use lithography mechanism to make high-end chips is basically TSMC, Samsung, Intel and other companies. In the chip industry chain, design and manufacturing are the most valuable, and other supporting raw materials, packaging and testing, commercial applications, etc.