Hwatsing Technology
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 | |
Native name | 华海清科股份有限公司 |
|---|---|
| Company type | Public; State-owned enterprise |
| SSE: 688120 | |
| Industry | Semiconductors |
| Founded | 10 April 2013 |
| Founders | Luo Jianbin Lu Xinchun |
| Headquarters | Tianjin, China |
Key people | Lu Xinchun (Chairman) Zhang Guoming (CEO) |
| Revenue |  CN¥2.51 billion (2023) |
| CN¥723.75 million (2023) | |
| Total assets | CN¥9.12 billion (2023) |
| Total equity | CN¥5.52 billion (2023) |
| Owner | Tsinghua Holdings (28.19%) |
Number of employees | 1,268 (2023) |
| Website | www |
| Footnotes / references [1] | |
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.
In 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 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]
