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Another Major Chinese Microchip Project Grinds to a Halt
Guangzhou Haixin Semiconductors, which was launched on March 18, has closed its doors recently.
So far, the chipmaker has not provided an explanation.
Soon after the company began operating, it was identified by the local government as a key project. With a registered capital of 1 billion yuan (about $153 million), the project had a planned annual capacity of 500,000 chips. Its goal was to manufacture power devices, MOSFETs (Metal-Oxide-Semiconductor Field-Effect Transistors), IGBTs (Insulated Gate Bipolar Transistors), digital-analog integrated circuits, and single-chip microcomputers.
Wave of Project Closures Following ‘Chip Fever’
China is currently heavily dependent on imported semiconductor chips, which are used in nearly all electronic systems, from computers and cellphones to missiles and fighter jets. In recent years, deteriorating U.S.-China ties have prompted the Chinese regime to develop the country’s chip
SMIC’s Shares Dive After Co-CEO Is Said to Have Quit China’s Top Chipmaker Lai Shasha SMIC’s Shares Dive After Co-CEO Is Said to Have Quit China’s Top Chipmaker
(Yicai Global) Dec. 16 Shares of Semiconductor Manufacturing International Corporation plunged following media reports that the co-chief executive at China’s top chipmaker has made an abrupt departure.
SMIC’s shares [SHA: 688981] fell as much as 9.8 percent in Shanghai before closing 5.5 percent lower today at CNY55.20 (USD8.46) each, while its Hong-Kong listed stock [HKG: 0981] lost 4.9 percent to finish at HKD20.20 (USD2.61), after earlier sliding as much as 9.6 percent.
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Jiang Shangyi, or Chiang Shang-Yi, a former TSMC executive, is rumored to be joining China’s largest chip maker SMIC. Jiang is rumored to be joining SMIC in a senior position as the Chinese chip maker tries to push forward tech advances under stricter US bans.
This won’t be the first time Jiang takes up a position in SMIC. He formally joined SMIC in December 2016 as an independent non-executive director and resigned on June 21, 2019.
He then joined Wuhan Hongxin Semiconductor Manufacturing as CEO, but that project was exposed to have collapsed this year due to capital shortages and other reasons. In November, Jiang resigned from Wuhan Hongxin.
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China’s chip dreams face reality check with Biden’s united front approach and realisation that money can’t buy success Celia Chen/ Yujie Xue/ Sidney Leng No single country or region is capable of delivering everything required in the chip supply chain. Photo: Handout
The US-China confrontation over semiconductors is expected to continue under a Biden presidency but is likely to take a different approach, with the new administration enlisting allies in its attempts to blunt Beijing s goal of self-reliance in chips, according to analysts.