Hwatsing Technology

Hwatsing Technology (Hwatsing; ) 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

In 2000 at Tsinghua University, Luo Jianbin and Lu Xinchun began their research on CMP technology.[2][3]

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]

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 operations

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.[8]

See also

• Chemical-mechanical polishing
• Tsinghua Holdings
• Semiconductor industry in China

External links