In the study of the impact of multinational companies’ R&D spillove effects on the innovation performance of high-tech industries in our country, based on the Inpet’s innovation theory system, this paper constructs a C-D function model,and use the panel data of electronic and communiction equipment industries in 2003-2014 to analyze. The empirical results show that the spillover effects play a positive contribution to promote the independent innovation of China’s high-tech industries,but the absorption capacity is not prominent. From the point of view of the high-tech industries’ innovation stage,the contribution of local R&D to innovation stage is important; Human capital has a positive effect only in technological development stage; Trade openness has a positive effect only in the stage of achievement transformation.Based on the decisive contribution of local research and development activities,combined with auxiliary contribution of human capital and trade openness, this paper has practical significance on high-tech industries how to absorb the advanced knowledge and technology to re-innovation.