Chinese semiconductor industry

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mossen

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I think Americans have this wonderfully naïve view that everything can be fixed by throwing large gobs of cash at the problem. I suspect the CHIPS act will prove to be historically underwhelming and Mr. Liu's comments are just one of many reasons why.
 

tokenanalyst

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Supply domestic semiconductor equipment leader! Jiangsu Pioneer Jingke sprints for IPO, China Micro and SMIC hold shares

Founded in March 2008, Pioneer Jingke is an expert in precision manufacturing of key components in the subdivision of domestic semiconductor etching and thin film deposition equipment, especially in the field of etching equipment, which is internationally recognized as having a technical difficulty second only to lithography equipment. One of the few domestic suppliers that has mass-produced and supplied key components of domestic etching equipment of 7nm and below .As a national high-tech enterprise, Pioneer Jingke has an intelligent workshop for key components of wafer etching equipment in Jiangsu Province and an intelligent manufacturing workshop for precision components of large-scale integrated circuit high-end equipment. Provincial PM module engineering research center based on 5nm chip process etching equipment.Its legal representative, controlling shareholder, and actual controller are You Li, chairman and general manager of the company. In this IPO, Pioneer Jingke plans to raise 700 million yuan, which will be used for the expansion and upgrading of the Jingjiang Precision Assembly Parts Manufacturing Base, Wuxi Xianyan Equipment Module Production and Assembly Base, Wuxi Xianyan Precision Manufacturing Technology R&D Center and supplementary working capital projects .

Three-year revenue of 1.1 billion yuan.
A total of more than 8,500 new parts have been imported for development.

Etching equipment and thin film deposition equipment are important equipment for the front-end production of semiconductor wafers, and their manufacturing technical difficulty is second only to lithography equipment.Since its establishment, Pioneer Jingke has established a "dual-core" product line focusing on the core components of semiconductor core equipment such as etching equipment and thin film deposition equipment . Rich engineering and technical capabilities have been formed in key technical fields, independent design and development technologies have been formed in the field of high-end devices , and the development and application capabilities of customized chemical equipment have been developed.

The company has formed three major categories of key process components, process components, and structural components , which are mainly used in semiconductor core equipment such as etching equipment and thin film deposition equipment. In the field of etching, Pioneer Jingke mainly provides a series of core accessories such as reaction chambers and linings; in the field of thin film deposition, Pioneer Jingke mainly provides core components and supporting products such as heaters and gas distribution plates.

NAURA, AMEC, SMICfor the top three customers


Components are an important carrier for the localization of semiconductor equipment. Pioneer Jingke has achieved independent and controllable localization of key components of etching and thin film deposition equipment by virtue of its product specialization.Since its establishment, Pioneer Jingke has carried out close cooperation with China's leading equipment companies North Huachuang and Zhongwei Company . As an important supplier of core components, it has assisted customers in the development, finalization, mass production and iteration of many equipments to advanced manufacturing processes. of the complete history.In addition to North Huachuang and China Micro, the company has also established long-term and stable strategic partnerships with other industry head equipment customers and terminal wafer manufacturing customers such as Tuojing Technology , Huahai Qingke , SMIC, and Yitang .

China Microelectronics, the leading etching equipment company, is the ninth largest shareholder

As of the signing date of the prospectus, Pioneer Precision has 3 wholly-owned subsidiaries including Jingjiang Xianjie, Wuxi Xianyan and Pioneer Precision (Singapore). Zhongwei Company, a leading domestic etching machine company, and Beijing Integrated Circuit Fund are the ninth and tenth largest shareholders of Pioneer Jingke respectively.

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tokenanalyst

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SMIC's revenue from automotive and new energy industrial control products accounted for more than 70%​


On June 7, SMIC, which focuses on providing "chip-module" system foundry solutions for automobiles and new energy industrial control as its main business, revealed at its investor day that with new energy, intelligence, and the Internet of Things The industry has driven the rapid growth of demand for core chips, and related industry core chips have formed a trillion-level track.

It is reported that SMIC has the largest MEMS foundry in China and the world's leading technology, and it is also one of the few foundry companies in China that provide automotive-grade IGBT chips.

Liu Xuanjie, executive deputy general manager of SMIC, revealed on the investment day that SMIC currently accounts for more than 70% of its revenue from automotive and new energy industrial control products, and has built the largest automotive-grade IGBT manufacturing base in China. It is planned to exceed 120,000 pieces per month. "After five years of development, SMIC has become a pillar force in the core chips and modules of China's new energy industry."

Publicly benefiting from the strong development of new energy vehicles and photovoltaics, SMIC's main business will grow by 65.79% in the first quarter of 2023, with a compound annual growth rate of 183%.

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tokenanalyst

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Manufacturing & equipment​


Semi-Tech raised over CNY 500.0M (~$72.4M) in Series C financing led by Matrix Partners China, joined by Skyview Fund, G60 Science & Technology Fund, RFIC and power semi maker Li-On Microelectronics, and others. Semi-Tech offers
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(CIM) and manufacturing execution system (MES) software for semiconductor manufacturing, from front-end to back-end packaging and testing for both 8-inch and 12-inch wafer fabs. Its products cover production management, quality management, and logistics management. It also offers manufacturing software for industries such as electronic packaging, medical equipment, batteries, rail transportation, and auto parts. The company plans to add further big data and AI analytics capabilities and pursue M&A possibilities. Founded in 2017 as the result of a merger, it is based in Shanghai, China.

Hong Hu Semiconductor Technology received
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(CNY 100.0M is ~$14.3M) in Series A+ funding led by SDIC Venture Capital, joined by Shenzhen High-tech Investment, Oriza Holdings, Zhidao Investment Management, Teda VC, and Yongxin Capital. The company produces sorter, equipment front end module (EFEM), and vacuum transfer wafer transfer equipment for 8/12-inch front, middle, and back-end processes. It also offers various equipment parts and consumables, along with equipment repair and refurbishment services. Funds will be used for R&D, business expansion, and marketing. Founded in 2016, it is based in Suzhou, China.

MRG Semiconductor Technology received
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(CNY 10.0M is ~$1.4M) in angel funding led by Yihua Capital, joined by String Capital, Yufu Holding, and semiconductor pick & place equipment supplier Accuracy Equipment. The startup is building wafer coater and developer equipment. It plans to expand to offer a range of front-end and back-end equipment. Funds will be used for R&D and production. Founded in 2022, it is based in Nanjing, China.

Mubyte received
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(CNY 10.0M is ~$1.4M) in Series A funding. The company provides cloud-based manufacturing execution management, digital production line, and equipment lifecycle management software. It targets a range of industries, including semiconductors, electronics, and new energy. Founded in 2015, it is based in Shanghai, China.

Zhejiang Sineva received tens of millions of yuan (CNY 10.0M is ~$1.4M) in pre-Series A funding. The company makes
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(AMR) and composite mobile robots for precision manufacturing environments and logistics, including semiconductors, electronics, flat panel displays, and pharmaceuticals. It provides robots capable of wafer handling. A subsidiary of Sineva Group founded in 2018, it is based in Jiaxing, China.

ABTR Automation & Robotics raised angel funding from Z&Y Capital. The company develops automated guided vehicles (AGV), robotic systems, and a smart factory cloud platform for photovoltaic, lithium battery, and semiconductor manufacturing facilities. Founded in 2011, it is based in Changsha, China.

Kaixin Semiconductor drew
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from Qianrong Investment Holding Group and others. The company makes silicon carbide ceramic parts for semiconductor equipment. Founded in 2022, it is based in Suzhou, China.

Youlun Vacuum Equipment (YLVAC) received funding from SIDVC and Su Venture Capital. The company makes semiconductor
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, including evaporation coating machines, vacuum sintering furnaces, and sputtering systems. Funds will be used for new product development, marketing, and hiring. Founded in 2016, it is based in Suzhou, China.

EDA​

Easylogic Technology raised
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from Panlin Capital, Sensegain Investment, and Skyworth Angel. Easylogic develops automated
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solutions. Its software considers subsequent design impacts such as scan chain stitching, low power constraints, clock trees, and routing delays in a single job flow. It offers solutions for both pre- and post-place & route ECO as well as for functional changes requiring extensive modifications to the RTL across a significant portion of a design. Funds will be used for R&D and hiring. Founded in 2014, it is based in Hong Kong, China.

Optima Design Automation received a strategic investment from EDA company X-Epic (Chinese). Optima has developed a
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for functional safety verification of automotive semiconductors. Its platform supports hard and soft error analysis as well as automated static analysis. Certified for ISO 26262 ASIL-D, the platform includes technology to speed up analysis of permanent faults in a device while maximizing coverage. Additionally, it focuses on improving resistance to transient faults with a minimal number of modified components, minimizing device power consumption and silicon area. It can also verify security mechanisms designed to protect against fault-injection side-channel attacks. Founded in 2014, it is based in Nazareth, Israel.

 

tokenanalyst

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Materials​


Aricen Electronic Materials raised
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from China Merchants Capital, Wens Investment, Qianrong Investment Holding Group, and others. Aricen produces a range of high-purity
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used in manufacturing semiconductors, flat panel displays, and photovoltaics. It also offers on-site production and supply system engineering. Founded in 2010, it is based in Zhangjiagang, China.

Yuehai Gold Semiconductor Materials raised over
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. The company manufactures silicon carbide (SiC) substrates. It expects to enter mass production soon. Founded in 2022, it is based in Chengdu, China.

Lianshi New Materials received CNY 100.0M (~$14.3M) in strategic financing from Sinochem Capital. The company provides
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for semiconductor, photovoltaic, LED, and flat panel display manufacturing. Its products include acids and bases, etchants, and solvents. Founded in 2017, it is based in Kunshan, China.

Socially Kind Synthesis (SKS) raised CNY 100.0M (~$14.3M) in funding from Shaanxi Venture Capital, Lianhu Science and Technology Innovation Fund, and others. SKS manufactures
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, including semiconductor photoresist monomer materials. Its primary business is chemicals for the pharmaceutical and pesticide industries. Founded in 2016, it is based in Xi’an, China.

iSabers Materials added around
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, bringing the round to CNY 220.0M (~$31.5M) with funding from Beijing Integrated Circuit Advanced Chip Fund, SunGrow Power Supply, CCB Trust, Wofo Capital, Tianjin Venture Capital, Jucheng Capital, and others. iSabers makes
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for advanced packaging and heterogenous integration. The company says its technology can help improve silicon carbide yield and reduce costs. iSabers also provides bonding equipment. Funds will be used for construction of a bonded integrated substrate mass production line. Founded in 2020, it is based in Beijing, China, and has raised nearly CNY 600M to date.

Coryes Polymer raised
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(CNY 10.0M is ~$1.4M) in Series A+ funding from Yongchangsheng Capital. Coryes Polymer makes benzoxazine resins for use in copper clad laminates for PCBs and flexible electronics, along with numerous other applications. Founded in 2007, it is based in Chengdu, China.

Sequential Technology drew tens of millions of yuan (CNY 10.0M is ~$1.4M) in Series A+ financing from Oriza Holdings. The startup provides
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for adhesive films used in wafer grinding and dicing, potting adhesives for chip packaging, and vacuum boxes for die storage and transport. It can also be used as battery thermal insulation materials and high-voltage potting adhesives for new energy vehicles. Founded in 2022, it is based in Beijing, China.

Zillion Ultrapure Epoxy Resin drew
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(CNY 10.0M is ~$1.4M) in angel funding led by Shaanxi Investment Group, joined by China Capital Management, ZTE Capital, and others. Zillion Ultrapure makes electronics grade
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, including low-chlorine, low-viscosity, modified, and custom epoxy resins. Its products can be used in applications such as electronics packaging materials, copper clad laminates, electronic adhesives, coatings, and in other industries. Funds will be used for R&D and construction of production lines. Founded in 2022, it is based in Xi’an, China.

Dechuang High-tech Materials drew funding from Huawei’s Hubble Investment, BOE Technology, and others. The startup develops materials such as conductive adhesives and polymer resins. Founded in 2020, it is based in Changzhou, China.

Samcien Semiconductor Materials raised
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led by SDIC Venture Capital. Samcien offers materials used during packaging, including
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and adhesives, cutting protection layers, electroless nickel gold and electroless nickel palladium gold surface treatments, and custom ceramic substrates. Founded in 2016, it is based in Shenzhen, China.

Shining Materials drew angel funding from Zhuhai Hi-tech Investment. Shining Materials offers
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for PCBs and flexible printed circuits. It plans to expand to display panels and semiconductor chips. Founded in 2021, it is based in Zhuhai, China.

Sico Semiconductor received
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led by CD Capital and TTGG Asset Management, joined by Vision Capital. Sico Semiconductor manufactures silicon carbide (SiC) epitaxial wafers for power semiconductor devices. It currently offers 6-inch n-type and p-type 4H-SiC wafers. Founded in 2021, it is based in Suzhou, China.

Zhongrong Technology drew
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from CMB International, Fuzhou Financial Holdings, and HCH Ventures. Zhongrong Tech offers electronic wet chemicals for semiconductor, flat panel display, LED, and photovoltaic manufacturing, including etchants, photoresist strippers, thinners, and NMP solvents. It also provides lifecycle management for wet electronic chemicals, including waste liquid recovery and purification. Founded in 2015, it is based in Fuzhou, China.


 

tokenanalyst

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Test, measurement & inspection​

TwinSolution Technology raised CNY 160.0M (~$23.2M) in Series B funding from Shang Qi Capital, Jucheng Capital, GT Capital, and Fudan Venture Capital. TwinSolution offers a range of
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devices. Its lineup includes ATE test sockets for various package types, package-on-package and wafer-level chip-scale package test sockets, cantilever and vertical probe cards, burn-in sockets, MEMS probe cards, system-level test sockets, and in-strip test handler machines. Funds will be used for R&D of 2D/3D MEMS probe cards and LTCC test substrates as well as to support operations and sales. The company is also preparing for an IPO. Founded in 2006, it is based in Shanghai, China.

Chotest Technology received
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from Richland Capital, with additional investment from Eastern Bell Capital. Chotest provides
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at a range of scales for semiconductor, electronics, and other industries. Its products include 3D optical surface profilometers that use white light interferometry for sub-nanometer resolution. Founded in 2005, it is based in Shenzhen, China.

Gazer Technology raised
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(CNY 10.0M is ~$1.4M) in pre-Series A funding from Xiaomiao Langcheng Venture Capital and SND Financial Holdings. Gazer provides front-end semiconductor wafer inspection equipment, including Fourier-transform infrared (FTIR) spectroscopy for film thickness measurement and element concentration measurement, energy dispersive X-ray fluorescence (EDXRF) spectrometers, and equipment front end module (EFEM) wafer handling equipment. Its products support wafers of silicon, silicon carbide, gallium nitride, gallium arsenide, indium phosphide, and other materials. It also offers industrial sensing products such as high-precision edge measurement sensors, reflective edge measurement sensors, coaxial optical edge measurement sensors, and laser displacement sensors for industries including lithium batteries, renewable energy, consumer electronics, and medical. Funds will be used for hiring, new product development, and supply chain development. Founded in 2021, it is based in Shanghai, China.

Luxet drew
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(CNY 10.0M is ~$1.4M) in pre-Series A funding from Baoding Investment. Luxet provides emission microcopy equipment for wafer, package, and circuit board failure analysis. Its products include cooled phase-locked infrared microscopes (thermal EMMI), uncooled phase-locked infrared microscopes (thermal EMMI), and low-light microscopes (InGaAs EMMI). Founded in 2021, it is based in Suzhou, China.

Matrix System raised tens of millions of yuan (CNY 10.0M is ~$1.4M) in pre-Series A funding led by Addor Capital. Matrix System offers
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for chips, modules, and systems. Its product lineup includes an RF chip tester with support for wafer-level, package-level, and system-level testing; benchtop tester; hybrid tester for wafer-level, package-level, and system-level testing of various multifunctional RF/analog/mixed-signal SoCs; switch matrix; millimeter wave radar simulator; microwave component test system; antenna test system; network analyzer; and test software. Founded in 2008, it is based in Shanghai, China.

Time-Tech Spectra drew tens of millions of yuan (CNY 10.0M is ~$1.4M) in angel financing from Legend Capital. Time-Tech Spectra offers inspection equipment for silicon carbide (SiC) wafers and photovoltaic panels, as well as LED and laser chip failure analysis equipment. It also provides
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such as transient absorption spectroscopy systems, fluorescence spectroscopy systems, and spectral imaging systems. Funds will be used for development of new equipment and mass production. Founded in 2016, it is based in Dalian, China.

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HighGround

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I think Americans have this wonderfully naïve view that everything can be fixed by throwing large gobs of cash at the problem. I suspect the CHIPS act will prove to be historically underwhelming and Mr. Liu's comments are just one of many reasons why.

CHIPS act isn't even a lot of money to begin with anyway... So yeah. It's already underwhelming.
 

gelgoog

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Early April, Morris Chang flew in unannounced to NVIDIA's Santa Clara HQ to talk to Jensen Huang in person. They had a private 1-on-1 dinner together, which was closed off to the senior directors and VPs.
Multiple Taiwanese CEOs also privately visited Jensen later that week, under the guise of preparing for Computex event. I'm told this was a bit unusual for the event itself. Note that this was before the NVIDIA stock rise and the company was not publicly doing well then.
It's possible what Jensen's now saying about China are words relayed to him from other people. He's American and so is capable of saying certain things a Taiwanese CEO cannot.
Jensen Huang is a Chinese from Taiwan. But yeah he has lived in the US since he was 9 years old, and he married a US citizen.
 

tphuang

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SMIC's revenue from automotive and new energy industrial control products accounted for more than 70%​


On June 7, SMIC, which focuses on providing "chip-module" system foundry solutions for automobiles and new energy industrial control as its main business, revealed at its investor day that with new energy, intelligence, and the Internet of Things The industry has driven the rapid growth of demand for core chips, and related industry core chips have formed a trillion-level track.

It is reported that SMIC has the largest MEMS foundry in China and the world's leading technology, and it is also one of the few foundry companies in China that provide automotive-grade IGBT chips.

Liu Xuanjie, executive deputy general manager of SMIC, revealed on the investment day that SMIC currently accounts for more than 70% of its revenue from automotive and new energy industrial control products, and has built the largest automotive-grade IGBT manufacturing base in China. It is planned to exceed 120,000 pieces per month. "After five years of development, SMIC has become a pillar force in the core chips and modules of China's new energy industry."

Publicly benefiting from the strong development of new energy vehicles and photovoltaics, SMIC's main business will grow by 65.79% in the first quarter of 2023, with a compound annual growth rate of 183%.

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This is actually about SMECS, not SMIC.
It would be a problem if SMIC is getting 70% of their revenue from IGBTs and MEMS

"Expect long shifts fueled by a passion".... LOL


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TSMC Exec Says Workers Unwilling to Take Shifts Should Not Enter Chipmaking Industry​


By
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published about 23 hours ago

Expect long shifts fueled by a passion for semiconductors or try a different industry, says TSMC exec Mark Liu

TSMC Chairman Mark Liu

(Image credit: TSMC)


TSMC’s uncompromising attitude toward employment has resulted in a crop of unfavorable reviews on sites such as Glassdoor in the U.S. TSMC's U.S. operations have a paltry 27% approval rating on the anonymous employer review site, according to a report by
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. This is pretty dismal compared to firms such as Intel — which has an 85% approval rating.

TSMC chairman Mark Liu responded to the startling contrast in approval ratings in an interview with local Taiwanese press by suggesting people who aren't passionate about semiconductors and prepared to work long shifts shouldn't look for a career in the industry. Liu also said that TSMC's U.S. employees were not expected conform to the same work culture as its Taiwanese employees, according to a report by
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.

Regardless, disgruntled U.S.-based TSMC employees have anonymously shared scathing reviews of the company's work culture on Glassdoor. Nearly 100 reviews for TSMC in the U.S. have been published on the site, and common complaints mention:
  • Heavy workloads
  • Poor training
  • Long hours
  • High expectations from bosses / supervisors
  • Limited breaks
  • Work-life balance issues
  • ‘Military style’ controlling atmosphere
  • Stress
Some of the most concerning comments highlighted in the Fortune report included complaints about the "brutal" corporate culture, about 12-hour days being standard practice, and about employees sleeping in the office for a month.

The average review of TSMC North America (not specifically Arizona) on Glassdoor appears to have improved since the Fortune report dropped. At the time of writing the company’s overall approval rating on the site is
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— which still isn't great compared to Intel.

TSMC Executive Comments​

In response to the report, chairman Mark Liu said, "Those who are unwilling to take shifts should not enter the industry, since this field isn't just about lucrative wages but rather a passion for [the semiconductor industry]."

Liu also suggested that U.S. employees had it relatively easy compared to Taiwanese employees, but said work culture was open to discussion so long as TSMC's core company values were adhered to.

TSMC has plans for two wafer fabs in Arizona, which will output chips
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and 4nm process nodes. The first plant is scheduled to start mass production in 2024, while the second will come up to speed in 2026.

TSMC has already
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due to its requiring a six- to 12-month training period in Taiwan, but perhaps its corporate culture is also to blame. A recent report of criminal behavior disturbing residents of the
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will also be of concern to potential recruits.

There are plenty of hardworking Americans actually. But we actually work for higher salaries rather than whatever TSMC pays. This is not Taiwan where semiconductor industry pays like 4x everything else. So when people join TSMC, they know they have to work hard. In America, the best and hardest working are doing startup software companies, finance, lawyers or doctors. Nobody is going into chipmaking, because nobody grew up wanting to making chips. And most people willing to work those hours are in the northeast, not in Arizona.

Another case of Taiwanese management clueless about American culture.
 

proelite

Junior Member
This is actually about SMECS, not SMIC.
It would be a problem if SMIC is getting 70% of their revenue from IGBTs and MEMS



There are plenty of hardworking Americans actually. But we actually work for higher salaries rather than whatever TSMC pays. This is not Taiwan where semiconductor industry pays like 4x everything else. So when people join TSMC, they know they have to work hard. In America, the best and hardest working are doing startup software companies, finance, lawyers or doctors. Nobody is going into chipmaking, because nobody grew up wanting to making chips. And most people willing to work those hours are in the northeast, not in Arizona.

Another case of Taiwanese management clueless about American culture.

Idk. Sounds like to me another case of American politicians clueless about semiconductors.
 
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