High-profile Guangdong computer chip maker halts production just months into operation
A Guangdong semiconductor factory has ceased operating less than nine months after its opening, for reasons that remain unclear, according to mainland Chinese news reports.
Production lines at Guangdong Haixin Integrated Circuit, which were focused on making thin semiconductor wafers used in integrated circuits, ceased operating in recent months, the news reports said.
Local governments had grand expectations when the factory opened in March, calling it a major project within the new research and development district in Nansha.
Guangdong Haixin was formed by four real estate developers and semiconductor companies that invested 1 billion yuan (US$152.7 million) in the venture, hoping to become the province’s leading semiconductor manufacturer.
The company set a target of producing 80,000 units of 12-inch wafers and 420,000 units of 8-inch wafers annually, according to Guangzhou’s government.
China’s semiconductor pioneer Richard Zhang attended the factory’s groundbreaking ceremony, leading to speculation that he might play a role in its operations.
Guangdong Haixin did not respond to requests for comment, mainland media said.
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