Hua Hong Semiconductor

Hua Hong Semiconductor held a commencement ceremony for a new 300mm wafer fabrication facility in Wuxi, China. The total investment is USD 10 billion, with USD 2.5 billion for the first phase at 90nm and 65nm/55nm nodes.

Hua Hong Group started the piling works for the first phase of its Hua Hong Semiconductor (Wuxi) integrated circuit R&D and manufacturing base. The total investment is $10 billion, with Phase 1 costing about $2.5 billion to build a 12-inch wafer line with 90-65nm process technology and 40,000 wafers per month capacity.

Hua Hong Semiconductor issued shares to National Integrated Circuit Industry Investment Fund for net proceeds of about $400 million, and together with other parties, will inject a total of $18 billion into its Wuxi subsidiary for a 12-inch wafer fab.