▲ [SMIC]Jiang Shangyi returned to the nest and SMIC “anti-American” once described Hongxin as a nightmare
The expected difficulty of the Sino-US technology war is eased by the Democratic Party Joe Biden’s entry into the White House. China continues to promote self-reliance in major technology fields such as chips. In this critical drama, TSMC’s former chief operating officer Jiang Shangyi has reportedly confirmed in person ” SMIC （00981）
, Served as the vice chairman of the board. However, Jiang Shangyi’s chip path in mainland China is not smooth. He was once affected by the Wuhan Hongxin explosion incident. The former CEO of Hongxin once said bluntly: Hongxin is a nightmare!
According to the latest company registration records compiled by the Chinese data website Tianyan, Wuhan Hongxin Semiconductor Manufacturing Company (HSMC), which had a broken capital chain and a budget of 100 billion yuan, has been taken over by the Wuhan Municipal Government of Hubei Province and is now in the Dongxihu District of Wuhan City. The government’s National Assets Supervision and Administration Commission has complete control.
The chief operating officer of TSMC moved to SMIC and Hongxin successively
Jiang Shangyi, who was once the chief operating officer of TSMC, promoted the TSMC process from 25 microns to 16 nanometers; until December 2016, he moved to SMIC as an independent director.
When he joined Wuhan Hongxin in 2019, he was once described as a weapon in China’s chip industry, and he wanted to develop Hongxin into a company with 7nm production capacity. But things went counterproductive, Hongxin finally burst into flames and Jiang Shangyi left Hongxin to return to the United States in the middle of this year.
Wuhan Hongxin’s capital chain collapsed and China’s chip boom was accused of alarm
Although the outside world agrees that Hongxin’s explosion is a problem with the investor and has nothing to do with Jiang Shangyi, the incident is still regarded as a setback by Jiang Shangyi.
When the media interviewed Jiang Shangyi through LinkedIn earlier, he said, “It’s very unfortunate! My experience in Wuhan Hongxin is a nightmare at all. It is really hard to describe in a few words.”
Jiang Shangyi refused to accept the full interview, but confirmed the letter circulated earlier on the Internet, which stated that he had resigned from Wuhan Hongxin and returned to the United States as early as July.
Jiang Shangyi told the South China Morning Post in August this year that he did not notice the extent of Wuhan Hongxin’s financial difficulties. He did not notice the problem until the Wuhan local government released a report in July to expose its financial difficulties. The file was quickly deleted.
“I didn’t notice the financial difficulties of Hongxin”
According to a report released in July this year, Wuhan Hongxin’s Phase I plant (including the main production facilities and R&D building covering an area of more than 390,000 square meters) has been partially completed, while the construction of the Phase II plant has hardly started due to lack of funds. .
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Wuhan Hongxin Semiconductor Manufacturing Co., Ltd. was established in November 2017. It focuses on logic chips and system integration, and focuses on wafer manufacturing services for advanced logic processes of 14nm and below 7nm. It is a major project for the development of the semiconductor industry in Wuhan.
Wuhan Hongxin once owned the only ASML advanced lithography machine capable of producing 7nm in China, but after its capital chain broke, the lithography machine was mortgaged.
Editor in charge: Deng Guoqiang
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