Hwatsing Technology

Hwatsing Technology Co., Ltd.

Native name	华海清科股份有限公司
Company type	Public; State-owned enterprise
Traded as	SSE: 688120
Industry	Semiconductors
Founded	April 10, 2013; 11 years ago (2013-04-10)
Founders	Luo Jianbin Lu Xinchun
Headquarters	Tianjin, China
Key people	Lu Xinchun (Chairman) Zhang Guoming (CEO)
Revenue	CN¥2.51 billion (2023)
Net income	CN¥723.75 million (2023)
Total assets	CN¥9.12 billion (2023)
Total equity	CN¥5.52 billion (2023)
Owner	Tsinghua Holdings (28.19%)
Number of employees	1,268 (2023)
Website	www.hwatsing.com
Footnotes / references [1]

Hwatsing Technology (Hwatsing; Chinese: 华海清科; pinyin: Huáhǎi Qīngkē) is a partially state-owned publicly listed Chinese company headquartered in Tianjin that manufactures semiconductor chip production equipment.

Its most notable product offerings are in chemical-mechanical polishing (CMP) machines.

Background

In 2000 at Tsinghua University, Luo Jianbin and Lu Xinchun began their research on CMP technology.^[2][3][4]

In April 2013, Tsinghua Holdings and the Tianjin Municipal Government established Hwatsing to commercialize the technology developed from the CMP project. Hwatsing produced China's first 12-inch CMP machine.^[2][3][4]

On 9 June 2022, Hwatsing held its initial public offering becoming a listed company after listing on the Shanghai Stock Exchange STAR Market.^[3][4] The offering raised $540 million and the shares rose 64% on its trading debut.^[5]

In August 2024, it was reported that Hwatsing would invest $237.2 million to build a new plant in Shanghai.^[6]

In December 2024, Hwatsing was targeted in a new round of US export controls and added to the United States Department of Commerce's Entity List.^[7]

Business operations

Hwatsing's main product offerings are CMP machines. It has also expanded into other business lines such as grinders and wafer regeneration.^[4]

Hwatsing has been touted to break the monopoly of Applied Materials in China. Clients of Hwatsing include Semiconductor Manufacturing International Corporation, Hua Hong Semiconductor and Yangtze Memory Technologies.^[8]

See also

• Chemical-mechanical polishing
• Tsinghua Holdings
• Semiconductor industry in China

References

1. "2023 Annual Report" (PDF). Sina.
2. "Hwatsing's Cu&Si CMP equipment used in a Shanghai-based IC foundry company". subsites.chinadaily.com.cn. 29 January 2018. Retrieved 19 October 2024.
3. "机械系技术成果转化公司华海清科成功登陆科创板". www.tsinghua.edu.cn. 9 June 2022. Retrieved 19 October 2024.
4. "华海清科科创板上市：市值239亿 核心团队出自清华". finance.sina.com.cn. 8 June 2022. Retrieved 19 October 2024.
5. Min, Qin (9 June 2022). "Chip Shortage Fans Investor Interest in Semiconductor Equipment Firm's $540 Million IPO". www.caixinglobal.com. Retrieved 19 October 2024.
6. Shihua, Tang (19 August 2024). "Chinese Chipmaking Tool Giant Hwatsing to Invest USD237 Million in New Plant". www.yicaiglobal.com. Retrieved 19 October 2024.
7. Chen, Charlene (3 December 2024). "New US ban imposes 'large yard, high fence' on Chinese equipment, materials, EDA". DIGITIMES. Retrieved 4 December 2024.
8. Cheng, Ting-Fang (5 May 2021). "US-China tech war: Beijing's secret chipmaking champions". Nikkei Asia. Retrieved 19 October 2024.

External links

• Official website