Hwatsing Technology

{{Short description|Chinese semiconductor equipment manufacturer}}

{{Infobox company

| name = Hwatsing Technology Co., Ltd.

| native_name = 华海清科股份有限公司

| logo = Hwatsing Technology.png

| former_name =

| type = Public; State-owned enterprise

| traded_as = {{SSE|688120}}

| foundation = {{start date and age|2013|04|10}}

| location = Tianjin, China

| founders = Luo Jianbin
Lu Xinchun

| key_people = Lu Xinchun (Chairman)
Zhang Guoming (CEO)

| revenue = {{Increase}} {{CNY|link=yes|2.51 billion}} (2023)

| net_income = {{Increase}} {{CNY|link=yes|723.75 million}} (2023)

| assets = {{Increase}} {{CNY|link=yes|9.12 billion}} (2023)

| equity = {{Increase}} {{CNY|link=yes|5.52 billion}} (2023)

| owner = Tsinghua Holdings (28.19%)

| num_employees = 1,268 (2023)

| industry = Semiconductors

| homepage = {{URL|www.hwatsing.com}}

| footnotes ={{cite web |title=2023 Annual Report |url=https://file.finance.sina.com.cn/211.154.219.97:9494/MRGG/CNSESH_STOCK/2024/2024-4/2024-04-27/10107655.PDF |website=Sina}}

}}

Hwatsing Technology (Hwatsing; {{Zh|c=|p=Huáhǎi Qīngkē|s=华海清科}}) is a partially state-owned publicly listed Chinese company headquartered in Tianjin that manufactures semiconductor chip production equipment.

Its most notable product offerings are in chemical-mechanical polishing (CMP) machines.

Background

In 2000 at Tsinghua University, Luo Jianbin and Lu Xinchun began their research on CMP technology.{{Cite web |date=29 January 2018 |title=Hwatsing's Cu&Si CMP equipment used in a Shanghai-based IC foundry company |url=https://subsites.chinadaily.com.cn/thhc/2018-01/29/c_129390.htm |access-date=19 October 2024 |website=subsites.chinadaily.com.cn}}{{Cite web |date=9 June 2022 |title=机械系技术成果转化公司华海清科成功登陆科创板 |url=https://www.tsinghua.edu.cn/info/1175/95543.htm |access-date=19 October 2024 |website=www.tsinghua.edu.cn}}

In April 2013, Tsinghua Holdings and the Tianjin Municipal Government established Hwatsing to commercialize the technology developed from the CMP project. Hwatsing produced China's first 12-inch CMP machine.

On 9 June 2022, Hwatsing held its initial public offering becoming a listed company after listing on the Shanghai Stock Exchange STAR Market.{{Cite web |date=8 June 2022 |title=华海清科科创板上市：市值239亿核心团队出自清华 |url=https://finance.sina.com.cn/tech/csj/2022-06-08/doc-imizirau7273404.shtml |access-date=19 October 2024 |website=finance.sina.com.cn}} The offering raised $540 million and the shares rose 64% on its trading debut.{{Cite web |last=Min |first=Qin |date=9 June 2022 |title=Chip Shortage Fans Investor Interest in Semiconductor Equipment Firm's $540 Million IPO |url=https://www.caixinglobal.com/2022-06-09/chip-shortage-fans-investor-interest-in-semiconductor-equipment-firms-540-million-ipo-101897035.html |access-date=19 October 2024 |website=www.caixinglobal.com |language=en}}

In August 2024, it was reported that Hwatsing would invest $237.2 million to build a new plant in Shanghai.{{Cite web |last=Shihua |first=Tang |date=19 August 2024 |title=Chinese Chipmaking Tool Giant Hwatsing to Invest USD237 Million in New Plant |url=https://www.yicaiglobal.com/news/chinese-semiconductor-equipment-giant-hwatsing-to-invest-usd237-million-in-new-plant |access-date=19 October 2024 |website=www.yicaiglobal.com |language=en}}

In December 2024, Hwatsing was targeted in a new round of US export controls and added to the United States Department of Commerce's Entity List.{{Cite web |last=Chen |first=Charlene |date=2024-12-03 |title=New US ban imposes 'large yard, high fence' on Chinese equipment, materials, EDA |url=https://www.digitimes.com/news/a20241203PD220/entity-list-china-export-restrictions-eda-equipment-materials.html |access-date=2024-12-04 |website=DIGITIMES |language=en}}

Business operations

Hwatsing's main product offerings are CMP machines. It has also expanded into other business lines such as grinders and wafer regeneration.

Hwatsing has been touted to break the monopoly of Applied Materials in China. Clients of Hwatsing include Semiconductor Manufacturing International Corporation, Hua Hong Semiconductor and Yangtze Memory Technologies.{{Cite web |last=Cheng |first=Ting-Fang |date=5 May 2021 |title=US-China tech war: Beijing's secret chipmaking champions |url=https://asia.nikkei.com/Spotlight/Most-read-in-2021/US-China-tech-war-Beijing-s-secret-chipmaking-champions |access-date=19 October 2024 |website=Nikkei Asia |language=en}}