China: Foundry HSMC, on the verge of bankruptcy: Hongxin Semiconductor
China: Foundry HSMC
Semiconductor Foundry HSMC (Hongxin Semiconductor Manufacturing Corporation) in Wuhan, China
It may be the latest victim in the technological war between China and the United States.
HSMC: Shang-yi Chiang, Former CEO
According to Shang-yi Chiang, former CEO of HSMC
“HSMC, which was suffering from debt, is now on the verge of bankruptcy,” he said.
Manufacture of advanced logic wafers:
HSMC was established in November 2017.
It was planned to manufacture advanced logic wafers for 14nm to 7nm processes.
Shang-yi Chiang was once the head of TSMC’s R & D department.
Impact of COVID-19:
The South China Morning Post (SCMP) newspaper reported.
“The local government of Wuhan will take over HSMC,” he said.
HSMC’s US $ 20 billion semiconductor plant has fallen into “insufficient funding due to the spread of COVID-19 infection.”
Relationship between SMIC and HSMC:
SMIC and HSMC have already started manufacturing 5nm process chips.
To close the gap with TSMC and Samsung Electronics
He had a plan to start manufacturing 7nm process chips.
China’s semiconductor supply:
China owns the world’s largest semiconductor market.
However, China’s own supply is less than 20% of total global semiconductor demand.
In 2020, China’s semiconductor imports will exceed US $ 300 billion.
It is said that the value of oil imports has been exceeded.
EE Times Japan
https://eetimes.jp/ee/articles/2011/24/news117.html
China’s semiconductor dream takes a hit as local authority takes over ‘nightmare’
Wuhan factory Wuhan Hongxin Semiconductor Manufacturing Company (HSMC) has been taken over by the Dongxihu district government in central province of Hubei
Former chief executive Chiang Shang-yi described his experience with HSMC as a ‘nightmare’ after its plans to build a US$20 billion plant suffered delays
A cash-strapped Chinese semiconductor factory described by its former chief executive as a “nightmare”
has been taken over by the Wuhan government in a setback for China’s pursuit of chip autonomy.
According to the latest corporate registration records compiled by Chinese data site Tianyancha,
Wuhan Hongxin Semiconductor Manufacturing Company (HSMC)
has been taken over by the municipal government in the central Chinese province of Hubei.
This follows months of delays in the construction of its US$20 billion state-of-the-art semiconductor manufacturing plant caused by the coronavirus as well as funding shortages.
South China Morning Post