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Native name | 中微半导体设备(上海)股份有限公司 |
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Company type | Public |
SSE: 688012 | |
Industry | Semiconductors |
Founded | May 31, 2004 |
Founder | Gerald Yin |
Headquarters | Shanghai, China |
Key people | Gerald Yin (Chairman & CEO) |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 1,722 (2023) |
Website | www |
Footnotes /references [1] |
Advanced Micro-Fabrication Equipment (AMEC; Chinese :中微半导体设备; pinyin :Zhōngwēi Bàndǎotǐ Shèbèi) is a Chinese company that manufactures semiconductor chip production equipment. It is currently one of the largest semiconductor equipment manufacturers in China.
AMEC was co-founded in May 2004 by Gerald Yin who had previously worked at Applied Materials and Lam Research. Yin who was 60 at the time and thinking of retirement, was invited by a middle school classmate who was now a government official in China to come home. Yin took a group of 15 employees with to him to Shanghai to establish AMEC. Early investors in AMEC included Qualcomm and Samsung. Within three years, AMEC developed its own etching machine. [2] [3] [4]
In 2007, Applied Materials filed a lawsuit against AMEC claiming that Yin and several other employees at the firm were all its former staff and were involved in patent problems. In 2010, the two companies reached a settlement where they agreed to jointly own the patent family. [2] [4]
In 2009, Lam Research field a patent lawsuit against AMEC in Taiwan but was dismissed by the court. In December 2010. AMEC launched a counterclaim against Lam Research in Shanghai alleging infringement of trade secrets related to plasma etching equipment. In March 2017, the court sided in favour of AMEC but Lam Research appealed the case. On 30 June 2023, the Shanghai High People's Court issued a final judgement in favour of AMEC. It was speculated AMEC's victory would allow to clear intellectual property barriers that Lam Research enacted to prevent it entering the Taiwan Market. [2] [4]
In 2017, Veeco filed a patent lawsuit against AMEC but in January 2018 Chinese customs detained detained Veeco's imported Metalorganic vapour-phase epitaxy (MOCVD) equipment on ground its infringed AMEC's patents. The incident was seen as crucial leverage for AMEC. In February 2018, both sides reached a settlement agreement regarding the patent lawsuit. [2]
On 22 July 2019, AMEC held its initial public offering becoming a publicly listed company on the Shanghai Stock Exchange STAR Market. The largest shareholders of AMEC include Shanghai Venture Capital Co., Hong Kong Exchanges and Clearing and the China Integrated Circuit Industry Investment Fund. [4] [5]
AMEC reported in July 2022, six of its executives included Yin planned to sell no more than 2.44 million shares in the following three months. This was done for a personal demand of cash. On 7 October that year, the United States New Export Controls on Advanced Computing and Semiconductors to China came into effect and the first trading day afterwards, shares of AMEC dropped more than 19%. On that day AMEC annourced that Yin had sold 549,500 of the 6.43 million shares he owned for 74.4 million yuan (US$10.5 million) by the end of September. Prior to that announcement, Yin had never sold any of his shares after the company went public. However, despite speculations of insider trading, there was no evidence to suggest that AMEC's executives knew about the US government upcoming restriction controls when they sold their shares. [3] [4]
In September 2023, Yin stated that US import restrictions would have a negligible effect on AMEC's capacity to operate. 80% of imported equipment which was now restricted could be replaced but domestic alternatives by end of the year. By the second half of 2024, AMEC could resume full operational capacity due to China's drive to achieve semiconductor self-sufficiency. [6]
On 31 January 2024, the United States Department of Defense (DOD) added AMEC to the Chinese Military Companies (CMC) list in accordance with Section 1260H of the National Defense Authorization Act for Fiscal Year 2021. It had been previously added on 14 January 2021 before being removed from the list on 3 June 2021. AMEC stated it has no connections to the People's Liberation Army and that the list had no specific sanctions which would have a material impact on its operations. [7] In August 2024, AMEC announced it had filed a lawsuit against the DOD for adding it to the blacklist. [8]
At the start of February 2024, AMEC announced a share repurchase plan valued at 300-500 million yuan (US$41.6-69.4 million). This was seen as the company's strong confidence in China's chip making industry. [9]
AMEC's Primo Nanova etching machines cover application for 14 nm, 7 nm and 5 nm processes. It is one of the five suppliers of etching equipment for TSMC's 7 nm production lines. [2]
Semiconductor device fabrication is the process used to manufacture semiconductor devices, typically integrated circuits (ICs) such as computer processors, microcontrollers, and memory chips. It is a multiple-step photolithographic and physico-chemical process during which electronic circuits are gradually created on a wafer, typically made of pure single-crystal semiconducting material. Silicon is almost always used, but various compound semiconductors are used for specialized applications.
Qualcomm Incorporated is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. It creates semiconductors, software and services related to wireless technology. It owns patents critical to the 5G, 4G, CDMA2000, TD-SCDMA and WCDMA mobile communications standards.
Huawei Technologies Co., Ltd. is a Chinese multinational conglomerate technology corporation headquartered in Longgang District, Shenzhen, Guangdong province. It designs, develops, manufactures and sells digital telecommunications equipment, consumer electronics, smart devices, distributed operating systems, electric vehicle autonomous driving systems, and various rooftop solar products. The corporation was founded in 1987 by Ren Zhengfei, a former officer in the People's Liberation Army (PLA).
Synopsys, Inc. is an American electronic design automation (EDA) company headquartered in Sunnyvale, California, that focuses on silicon design and verification, silicon intellectual property and software security and quality. Synopsys supplies tools and services to the semiconductor design and manufacturing industry. Products include tools for logic synthesis and physical design of integrated circuits, simulators for development, and debugging environments that assist in the design of the logic for chips and computer systems. As of 2023, the company is a component of both the Nasdaq-100 and S&P 500 indices.
Taiwan Semiconductor Manufacturing Company Limited is a Taiwanese multinational semiconductor contract manufacturing and design company. It is the world's most valuable semiconductor company, the world's largest dedicated independent ("pure-play") semiconductor foundry, and its country's largest company, with headquarters and main operations located in the Hsinchu Science Park in Hsinchu, Taiwan. Although the central government of Taiwan is the largest individual shareholder, the majority of TSMC is owned by foreign investors. In 2023, the company was ranked 44th in the Forbes Global 2000. Taiwan's exports of integrated circuits amounted to $184 billion in 2022, accounted for nearly 25 percent of Taiwan's GDP. TSMC constitutes about 30 percent of the Taiwan Stock Exchange's main index.
Applied Materials, Inc. is an American corporation that supplies equipment, services and software for the manufacture of semiconductor chips for electronics, flat panel displays for computers, smartphones, televisions, and solar products. The company also supplies equipment to produce coatings for flexible electronics, packaging and other applications. The company is headquartered in Santa Clara, California, and is the second largest supplier of semiconductor equipment in the world based on revenue behind Dutch company ASML.
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and solid-state drives (SSDs). It is headquartered in Boise, Idaho. Micron's consumer products, including the Ballistix line of memory modules, are marketed under the Crucial brand. Micron and Intel together created IM Flash Technologies, which produced NAND flash memory. It owned Lexar between 2006 and 2017. Micron is the only U.S.-based manufacturer of memory.
Rambus Inc. is an American technology company that designs, develops and licenses chip interface technologies and architectures that are used in digital electronics products. The company, founded in 1990, is well known for inventing RDRAM and for its intellectual property-based litigation following the introduction of DDR-SDRAM memory.
Semiconductor Manufacturing International Corporation (SMIC) is a partially state-owned publicly listed Chinese pure-play semiconductor foundry company. It is the largest contract chip maker in mainland China.
ASML Holding N.V. is a Dutch multinational corporation founded in 1984. ASML specializes in the development and manufacturing of photolithography machines which are used to produce computer chips.
Lam Research Corporation is an American supplier of wafer-fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP) and for related manufacturing markets such as for microelectromechanical systems (MEMS).
GlobalFoundries Inc. is a multinational semiconductor contract manufacturing and design company incorporated in the Cayman Islands and headquartered in Malta, New York. Created by the divestiture of the manufacturing arm of AMD, the company was privately owned by Mubadala Investment Company, a sovereign wealth fund of the United Arab Emirates, until an initial public offering (IPO) in October 2021.
Tokyo Electron Limited, or TEL, is a Japanese electronics and semiconductor company headquartered in Akasaka, Minato-ku, Tokyo, Japan. The company was founded as Tokyo Electron Laboratories, Inc. in 1963. TEL is best known as a supplier of equipment to fabricate integrated circuits (IC), flat panel displays (FPD), and photovoltaic cells (PV). Tokyo Electron Device, or TED, is a subsidiary of TEL specializing in semiconductor devices, electronic components, and networking devices. As of 2011, TEL was the largest manufacturer of IC and FPD production equipment. Listed on the Nikkei 225, in 2024, Tokyo Electron had a market cap of US$114.6 billion, making it the third-most valuable company in Japan in terms of market cap, and the 12th ranked semiconductor-related company worldwide.
Ultratech, Inc. is an international technology company based in San Jose, California, that supplies equipment to global semiconductor fabrication plants, and also makes tools for nanotechnology applications by optical networking, data storage and automotive and display industries. Since May 2017 it has been owned by Veeco.
ChangXin Memory Technologies is a Chinese semiconductor integrated device manufacturer headquartered in Hefei, Anhui, specializing in the production of DRAM memory.
The United States government applies economic sanctions against certain institutions and key members of the Chinese government and its ruling Chinese Communist Party (CCP), certain companies linked to the People's Liberation Army (PLA), and other affiliates that the U.S. government has accused of aiding in human rights abuses. The U.S. maintained embargoes against China from the inception of the People's Republic of China in 1949 until 1972. An embargo was reimposed by the U.S. following the 1989 Tiananmen Square protests and massacre. From 2020 onward, the U.S. imposed sanctions and visa restrictions against several Chinese government officials and companies, in response to the persecution of Uyghurs in China, human rights abuses in Hong Kong and Tibet, military-civil fusion, support for the Russian invasion of Ukraine, and fentanyl production.
The semiconductor industry, including Integrated Circuit (IC) manufacturing, design, and packaging, forms a major part of Taiwan's IT industry. Due to its strong capabilities in OEM wafer manufacturing and a complete industry supply chain, Taiwan has been able to distinguish itself as a leading microchip manufacturer and dominate the global marketplace. Taiwan’s semiconductor sector accounted for US$115 billion, around 20 percent of the global semiconductor industry. In sectors such as foundry operations, Taiwanese companies account for 50 percent of the world market, with Taiwan Semiconductor Manufacturing Company (TSMC) the biggest player in the foundry market.
Hua Hong Semiconductor Limited is a publicly listed Chinese pure-play semiconductor foundry company based in Shanghai, established in 1996 as part of China's national efforts to boost its IC industry. Currently, Hua Hong's most advanced node is achieved by its subsidiary Shanghai Huali (HLMC), which can manufacture 28/22-nm process.
The Chinese semiconductor industry, including integrated circuit design and manufacturing, forms a major part of mainland China's information technology industry.
Shanghai Micro Electronics Equipment (Group) Co., Ltd. (SMEE), is a semiconductor manufacturing equipment company based in Shanghai, China. The company is involved in the research, development, manufacture and sale of lithography scanners and inspection tools to the semiconductor manufacturing industry; it also provides support services to its customers.