The 12-inch fab announced a restructuring

On February 24, the official micro message of "Times full core Storage Technology Co., LTD." was ruled by the Huaiyin District People's Court of Huaian City that Times Core Storage was restructured. After the reorganization, HuajieXinchuang Integrated Circuit Manufacturing (Guangdong) Co., Ltd. will hold 100% of the equity of Times Core, and the fab will be transformed into a semiconductor foundry, including but not limited to DDIC, PMIC, and high reliable memory chips and RF chips.

It is reported that Huaxin Jie Chuang was established in August 2023, with a registered capital of 2 billion yuan, and the major shareholder is Zhongke Advanced (Macau) Investment Management Co., LTD. Huaxin Jiechuang Huaian project is expected to invest a total of 20 billion yuan, the first phase investment of 5 billion yuan, plans to achieve an annual output of 200,000 12-inch wafer manufacturing capacity within three years, within five years to achieve an annual output of 600,000 wafers.

Public information shows that in addition to The Times core storage, China's previously "shelved" fabs have been properly disposed of. Among them, Chengdu Unigroup was taken over by BYD Semiconductor, Hongxin was taken over by two companies that are 100% owned by the State-owned Assets Supervision and Administration of Wuhan Dongxihu District, Dehuai was taken over by Rongxin, and Chengdu Chip changed to Huari Micro Electronics.

With the completion of the reorganization of Jiangsu Huaian era core storage, it is believed that under the active operation of relevant enterprises, it will bring new opportunities for the integrated circuit industry.