The Wuhan Hongxin semiconductor project, which claimed to have invested hundreds of billions of dollars, was unfinished last year. At the end of February this year, it was reported that all employees would be dismissed. However, the company has recently changed its name to Wuhan Xingong Modern Manufacturing Co., Ltd. and is still engaged in semiconductor manufacturing.
Judging from the company’s information, on May 11, Wuhan Hongxin changed its articles of association and officially changed its name to Wuhan Xingong Modern Manufacturing Co., Ltd. with a registered capital of 2 billion yuan and Li Tao as its legal representative.
As for shareholders, the company is held by Wuhan Xingong Technology Development Co., Ltd. and Wuhan Airport Economic and Technological Development Zone Technology Investment Group Co., Ltd., holding 90% and 10% of the shares respectively.
The business scope of Xingong Modern has not changed, and it is still conductor manufacturing, including large-scale integrated circuit production and photomask manufacturing, needle testing, packaging, testing and related services.
According to previous official website information, the total investment of Wuhan Hongxin Semiconductor project is about 20 billion US dollars. The main investment project is to build a 14-nanometer logic process production line with a total production capacity of 30,000 pieces per month; it is expected to build a 7-nanometer logic process production line with a total production capacity of up to 30,000 pieces per month. 30,000 pieces per month; it is expected to build a wafer-level advanced packaging production line.
Hongxin once became a star in semiconductor investment, and in 2019, it brought in Jiang Shangyi, vice president of TSMC and independent director of SMIC, as CEO. The latter has worked at TSMC for more than ten years, serving as joint chief operating officer and senior vice president of R&D. , is a key figure in the research and development of TSMC’s 130nm process, leading TSMC to achieve independent technology research and development.
However, after the thunderstorm, Jiang Shangyi issued a statement through a lawyer in November last year, claiming that Jiang Shangyi had resigned from all positions in Wuhan Hongxin in June 2020 due to personal reasons, and Hongxin had also accepted the resignation submitted by Jiang Shangyi. Since July 2020, Hongxin has also stopped paying Jiang Shangyi’s salary.
The Links: G156HCE-L01 MG100H2YS1