Local media reported that Chinese industry insiders have revealed that the 12-inch wafer fabrication plant of Haixin Integrated Circuit Company, located in Nansha of Guangzhou, has been suspended due to close ties with Zhang Rujing, founder of SEMICONDUCTOR Manufacturing International (00981). The reason for the shutdown is a mystery, just nine months after the plant was announced.
In February, the Planning and Natural Resources Bureau of The Nansha Economic and Technological Development Zone in Guangzhou listed land rights for sale, requiring bidders to build 8-inch fabs and wafer production lines and 12-inch fabs and production lines in IDM(vertically integrated manufacturing) mode after winning the land, according to the documents.
The bidding ended in March with a final offer of 72.18 million yuan from four companies, including Nansha Development Group, Shenzhen Xinxin, Nansha Yunxin Investment and Rongmei Investment. The four companies set up Haixin integration on March 11 with a capital of 1 billion yuan.
According to the brief introduction of Seimic Integration, upon completion, the plant will produce power devices, MOSFET, IGBT, digital-analog hybrid, MEMS, MCU and other products, with an annual output of 420,000 8-inch wafers and 80,000 12-inch wafers.
But news of the shutdown, just nine months after it was announced, is likely to be one of the last remaining projects in China’s semiconductor industry.
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