Chinese semiconductor thread II

tokenanalyst

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Silicon-Germanium Epitaxial Equipment was added in 2023 to the export control list of

Europe-Netherlands

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The US
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Japan
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I think Japan and the Netherlands was forced by US stooges under the threat of unilateral export controls. Now not only China has the tool to deposit Epitaxial layers of SiGe but also put export controls on Germanium on it own.
 

tphuang

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Jinghe Technology completes angel round financing to accelerate the industrialization of heterogeneous integrated equipment.​


Suzhou Jinghe Semiconductor Technology Co., Ltd., incubated by the National Third Generation Semiconductor Technology Innovation Center (Suzhou) and Jiangsu Third Generation Semiconductor Research Institute, is a high-tech enterprise focusing on the independent research and development of heterogeneous integration of wide bandgap semiconductor materials and high-end equipment. With the mission of overcoming the international bottleneck technology of "room temperature ultra-high vacuum direct bonding," the company is committed to building a world-leading heterogeneous material integration technology platform and specialized equipment manufacturer.

The University of Electronic Science and Technology and Director of the National Third-Generation Semiconductor Technology Innovation Center (Suzhou) released the achievements of the Third-Generation Semiconductor Equipment Localization R Alliance . Among them, the "Ultra-High Vacuum Room Temperature Direct Bonding Technology and Equipment" developed by the Jinghe Technology team led by Dr. Liang Jianbo was successfully selected. This equipment can achieve atomic-level interface bonding of semiconductor materials such as gallium nitride on 4-inch polycrystalline diamond and has already been promoted and applied in 11 units. To meet the greater market demand, Jinghe Technology is comprehensively advancing the R&D of 12-inch high-end models, targeting high-power RF chips, new energy vehicle electronic control modules, silicon photonic devices and advanced packaging, providing key support for heterogeneous integration technology in the post-Moore's Law era.

View attachment 163960

he company's core product, the RTDB series of ultra-high vacuum room temperature direct bonding equipment, has successfully covered 2 to 8-inch models. It has overcome the challenges of thermal expansion mismatch, high interfacial thermal resistance, and low yield faced by bonding high thermal conductivity materials such as diamond, GaN, and SiC. Its key performance indicators have reached the international advanced level.

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okay, so we have another maker that can do GaN-on-diamond wafer as well as other type of bonding equipment. I feel like this market has grown by quite a bit
Other players in the SiGe Epitaxial space include:

AlphaSemi who launched the EPI RP 300 in 2021.

View attachment 163969

Naura upgraded Hesper:

View attachment 163968
yeah, I was going to say, I thought others had already made this breakthrough.
 

tphuang

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Looking good.


The market needs more competition, especially as supply is getting constrained.
this has been reported several times on Korean media already

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广立微 Q3 report show its revenue is up 57% YoY and profit up 312%.

It's a leading supplier of EDA software and wafer level electrical testing equipment. Doing especially well on its testing equipment. It broke Keysight's long standing monopoly in WAT (wafer attempt) equipment. Sales increased from 6 to 90 units by 2024. It's WLR testers have also started deliveries

It acquired LUCEDA, a global leader in Silicon Photonics chip design automation software, so it's entering SiPo market. Also has huge amount of order on hand.
 

tokenanalyst

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Hua Hong Semiconductor announced that its third-quarter sales revenue reached a record high of US$635.2 million, representing a year-on-year increase of 20.7% and a quarter-on-quarter increase of 12.2%. Profit attributable to owners of the parent company was US$25.7 million, a year-on-year decrease of 42.6% and a quarter-on-quarter increase of 223.5%

Fourth-quarter sales revenue is projected to be between US$650 million and US$660 million, with a gross margin expected to be between 12% and 14%. Fourth-quarter sales revenue for 2025 is projected to be between US$650 million and US$660 million, with a gross margin expected to be between 12% and 14%.
  • By Region:
    • China: $522.6M (82.3%), +20.3%, driven by flash memory, power management, and MCU demand.​
    • North America: $63.8M (+36.7%), led by power management and MCUs.​
    • Asia (other): $30.3M (+5.6%).​
    • Europe: $18.4M (+12.6%), boosted by IGBT and smart card chips.​
  • By Technology Platform:
    • Embedded non-volatile memory: $159.7M (+20.4%) – driven by MCUs.​
    • Standalone flash memory: $60.6M (+106.6%).​
    • Power devices: $169M (+3.5%) – superjunction products.​
    • RF/Remote sensing: $81.1M (+5.3%).​
    • Analog & power management: $164.8M (+32.8%).​
  • By Process Node:
    • 65nm and below: $172.2M (+47.7%) – flash, logic, analog.​
    • 90nm/95nm: $144.4M (+45.9%) – power management & MCUs.​
    • 0.11–0.13um: $73.2M (+7.3%).​
    • 0.15–0.18um: -$36.5M (-3.7%).​
    • 0.25um+: -$3.2M (-23.9%) – lower demand in power devices.​
    • 0.35um and above: $205.7M (+2.6%) – superjunction growth.​
  • By End-Market:
    • Consumer electronics: $407.5M (64.1%), +23.2% – major driver.​
    • Industrial & automotive: $137.9M (+11.3%).​
    • Communications: $79.8M (+21.1%).​
    • Computing: $9.9M (+78.3%).​
Chairman Dr. Bai Peng highlighted that strong global semiconductor demand and improved internal efficiency drove record revenue and higher-than-expected gross margins. He emphasized Hua Hong’s strengths in specialty processes, ongoing R&D, cost reduction, and operational improvements. The company is advancing its capacity expansion plan and progressing with a strategic acquisition to boost production capacity, enhance process coverage, and strengthen synergy with its Wuxi 12-inch line—supporting long-term competitiveness and profitability.

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