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Hwatsing Technology

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Hwatsing Technology Co., Ltd.
Native name
华海清科股份有限公司
Company typePublic; State-owned enterprise
SSE: 688120
IndustrySemiconductors
FoundedApril 10, 2013; 11 years ago (2013-04-10)
FoundersLuo Jianbin
Lu Xinchun
HeadquartersTianjin, China
Key people
Lu Xinchun (Chairman)
Zhang Guoming (CEO)
RevenueIncrease CN¥2.51 billion (2023)
Increase CN¥723.75 million (2023)
Total assetsIncrease CN¥9.12 billion (2023)
Total equityIncrease CN¥5.52 billion (2023)
OwnerTsinghua Holdings (28.19%)
Number of employees
1,268 (2023)
Websitewww.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

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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]

Business operations

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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.[7]

See also

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References

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  1. ^ "2023 Annual Report" (PDF). Sina.
  2. ^ a b "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. ^ a b c "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. ^ a b c d "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. ^ Cheng, Ting-Fang (5 May 2021). "US-China tech war: Beijing's secret chipmaking champions". Nikkei Asia. Retrieved 19 October 2024.
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