Caixin
Jan 20, 2023 09:31 PM
TECH

Chipmaker Hua Hong Plans $4 Billion JV to Boost Production

Hua Hong Semiconductor’s chips on display at an exhibition on June 27, 2020. Photo: VCG
Hua Hong Semiconductor’s chips on display at an exhibition on June 27, 2020. Photo: VCG

Chinese contract chipmaker Hua Hong Semiconductor Ltd. plans to launch a $4 billion joint venture to boost much-need production capacity, with partners including the scandal-plagued state-backed semiconductor investor the “Big Fund.”

Hong Kong-listed Hua Hong, the second-largest chipmaker in China by revenue, has been struggling to meet demand despite already expanding its operation, with its fabs running at above designed capacity — maximum volume it could handle based on systems design — according to its financial reports. The JV will run a new production line that will extend the firm’s production capacity of 12-inch silicon wafers, it said in a Wednesday filing.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST