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China’s two largest pure-play foundries, SMIC and Hua Hong Semiconductor, are in the middle of significant consolidation efforts that demonstrate how industrial policy is reshaping the country’s chip sector, with SMIC about to take full control of a subsidiary for US$5.8 billion and Hua Hong set to acquire 97.5% of Shanghai Huali Microelectronics from its state-owned parent for US$1.2 billion.
The two multi-billion-yuan deals come as China’s access to advanced manufacturing equipment remains…
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China’s two largest pure-play foundries, SMIC and Hua Hong Semiconductor, are in the middle of significant consolidation efforts that demonstrate how industrial policy is reshaping the country’s chip sector, with SMIC about to take full control of a subsidiary for US$5.8 billion and Hua Hong set to acquire 97.5% of Shanghai Huali Microelectronics from its state-owned parent for US$1.2 billion.
The two multi-billion-yuan deals come as China’s access to advanced manufacturing equipment remains…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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