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Hwatsing Technology
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. BackgroundIn 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 operationsHwatsing'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 alsoReferences
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