Latest news with #Shanghai Stock Exchange
South China Morning Post
a day ago
- Business
- South China Morning Post
China's leading supplier of 12-inch silicon wafers given greenlight for Shanghai IPO
Eswin, China's largest supplier of 12-inch silicon wafers, has received approval for an initial public offering (IPO) in Shanghai, the latest sign of increased efforts by Chinese chip companies to raise funds amid the rapid development of artificial intelligence (AI) and the country's tech self-sufficiency drive. The company, which produces monocrystalline silicon polished wafers and epitaxial wafers for the manufacture of integrated circuits, received approval on Thursday for a listing on the Nasdaq-style Star Market, to raise 4.9 billion yuan (US$682.8 million), according to information released by the Shanghai Stock Exchange. Eswin's capability in supplying 12-inch wafers is seen as an important asset for China's strategic drive towards semiconductor self-sufficiency amid the US-China tech war. 'The era of AI demands greater computing power, faster data transmission, larger data storage, and more responsive human-computer interaction,' the company said in its updated prospectus filed last week. 'To achieve these functional technologies and processes, the most mainstream and advanced logic and memory chips as well as some high-end analogue and sensor chips are manufactured using 12-inch wafers.' The company said it supplied silicon wafers to 'first-tier wafer foundries' and mainstream memory chipmakers in China, without disclosing the customer names. Three years after its founding in Beijing in 2016, Eswin secured the expertise of Wang Dongsheng, the founder of BOE Technology, the world's No 1 display maker and supplier to Apple and Huawei Technologies.
Bloomberg
3 days ago
- Business
- Bloomberg
US Chip-Gear Maker Sued in China Over Alleged Trade Secret Theft
Top US chip-equipment supplier Applied Materials Inc. was sued by a rival in China over what that company characterized as trade secret theft, a further escalation in the technology war between the world's two largest economies. Beijing E-Town Semiconductor Technology Co. filed a lawsuit with the Beijing Intellectual Property Court against Applied Materials, according to a company statement to the Shanghai Stock Exchange.
Reuters
3 days ago
- Business
- Reuters
Beijing E-Town Semiconductor sues US's Applied Materials over trade secrets infringement
BEIJING, Aug 13 (Reuters) - Beijing E-Town Semiconductor Technologies ( opens new tab, a semiconductor equipment firm backed by Beijing's government, on Wednesday said it has sued U.S. chip equipment supplier Applied Materials (AMAT.O), opens new tab over alleged trade secrets infringement. Applied Materials had illegally obtained and used Beijing E-Town's core technology secrets related to plasma sources and wafer surface treatment, the Beijing-based company said according to a filing on the Shanghai Stock Exchange. The company alleged that Applied Materials had disclosed technical secrets by applying for a patent in China and claiming the patent's application rights. Applied Materials did not immediately respond to a request for comment.
