AMEC's acquisition of Hangzhou Zhonggui's equity is finalized.
Advanced Micro-Fabrication Equipment (Shanghai) Co., Ltd. (AMEC) has finalized its strategic acquisition of a controlling 64.69% stake in Hangzhou Zhonggui, addressing a critical gap in the domestic wet process semiconductor sector. Valued at approximately RMB 2.436 billion for the full equity, this deal marks AMEC's transition from a provider of single dry-process capabilities to one of the few national platforms covering four core front-end technologies: etching, thin film deposition, metrology, and now wet processes via CMP equipment. To ensure the transaction's stability, AMEC simultaneously launched a supporting fundraising scheme aimed at raising up to RMB 1.5 billion through share issuance with specific targets; however, this financing step is separate from the core asset acquisition, guaranteeing that the deal proceeds regardless of the final fund-raising outcome while providing necessary capital for construction and integration.
The strategic significance of this move lies in its ability to decouple AMEC's high-end CMP technology, which had previously relied heavily on overseas manufacturers, and integrate it with existing domestic dry-process solutions. By acquiring Hangzhou Zhonggui a leader in mass-producing 12-inch high-end CMP equipment AMEC drastically shortens the verification cycles for wafer manufacturing firms and enhances supply chain self-reliance across advanced logic, memory, and packaging sectors. Analysts view this as a pivotal leapfrog upgrade that not only strengthens AMEC's market competitiveness but also injects robust momentum into China's broader semiconductor industry chain, solidifying its position as a leader capable of delivering comprehensive, fully domestic equipment solutions.
