56:
In late July 2020, a local government report showed Hongxi was facing a major funding shortfall, putting it at risk of coming to a standstill at any moment. The shortfall was 112.3 billion yuan of the originally planned 128 billion yuan. Hongxin's failure to complete land acquisitions, environmental
49:
and 7 nanometer technology and smaller as part of the broader expansion in China's semiconductor industry, driven by China's pursuit of self-sufficiency in critical technology areas due to tensions with the United States.
63:
Hongxin was one of six multibillion-dollar chip projects to fail between 2019 and 2021, including Tacoma
Semiconductor Technology Co. Ltd. and Dehuai Semiconductor Technology Co. Ltd, which declared bankruptcy.
53:
In
November 2019, a local court suspended Hongxin's right to use the land for manufacturing facilities due to a dispute with one of the engineering companies participating in the project.
37:, folded in March 2021 when it dismissed all its employees, three years after it opened in 2017. It was viewed as the latest setback to China's semiconductor industry at the time.
299:
60:
As of
November 2020, Hongxi was under the full control of the State Assets Supervision and Administration Commission for the Dongxihu district government in Wuhan.
294:
107:
309:
233:
160:
289:
135:
209:
185:
45:
Hongxi was founded in late 2017 with a projected capitalization of 128 billion yuan ($ 18.5 billion) to make logic chips using 14
78:
73:
259:
304:
83:
57:
impact reports and other steps prevented it from being qualified for national government support.
161:"China's semiconductor dream takes a hit as local authority takes over 'nightmare' Wuhan factory"
30:
283:
136:"Wuhan Gives Up on Troubled $ 18.5 Billion Chipmaking Project - Caixin Global"
46:
234:"'Nightmare' China semiconductor factory taken over by local authority"
210:"$ 18.5 Billion Wuhan Chip Plant in Danger of Stalling - Caixin Global"
88:
186:"Major Chipmaking Project Suspended by Court Order - Caixin Global"
34:
25:
Semiconductor
Manufacturing Co. Ltd. (Hongxin or HSMC) (Chinese 弘芯
19:
260:"A Cautionary Tale For China's Ambitious Chipmakers"
108:"How Wuhan's dream chip project became a nightmare"
8:
33:project backed by the Wuhan government,
99:
300:Manufacturing companies based in Wuhan
295:Chinese companies established in 2017
7:
130:
128:
159:Leng, Sidney (November 18, 2020).
14:
310:Semiconductor industry by country
290:Semiconductor companies of China
79:Semiconductor device fabrication
74:Semiconductor industry in China
258:Deng, Emily (March 25, 2021).
1:
16:Chinese semiconductor company
326:
238:South China Morning Post
165:South China Morning Post
112:South China Morning Post
84:CHIPS and Science Act
214:www.caixinglobal.com
190:www.caixinglobal.com
140:www.caixinglobal.com
29:, a multi-billion
317:
275:
274:
272:
270:
255:
249:
248:
246:
245:
230:
224:
223:
221:
220:
206:
200:
199:
197:
196:
182:
176:
175:
173:
171:
156:
150:
149:
147:
146:
132:
123:
122:
120:
119:
104:
325:
324:
320:
319:
318:
316:
315:
314:
280:
279:
278:
268:
266:
257:
256:
252:
243:
241:
232:
231:
227:
218:
216:
208:
207:
203:
194:
192:
184:
183:
179:
169:
167:
158:
157:
153:
144:
142:
134:
133:
126:
117:
115:
106:
105:
101:
97:
70:
43:
17:
12:
11:
5:
323:
321:
313:
312:
307:
305:Chinese brands
302:
297:
292:
282:
281:
277:
276:
250:
225:
201:
177:
151:
124:
98:
96:
93:
92:
91:
86:
81:
76:
69:
66:
42:
39:
15:
13:
10:
9:
6:
4:
3:
2:
322:
311:
308:
306:
303:
301:
298:
296:
293:
291:
288:
287:
285:
265:
261:
254:
251:
239:
235:
229:
226:
215:
211:
205:
202:
191:
187:
181:
178:
166:
162:
155:
152:
141:
137:
131:
129:
125:
113:
109:
103:
100:
94:
90:
87:
85:
82:
80:
77:
75:
72:
71:
67:
65:
61:
58:
54:
51:
48:
40:
38:
36:
32:
28:
24:
21:
267:. Retrieved
263:
253:
242:. Retrieved
240:. 2020-11-18
237:
228:
217:. Retrieved
213:
204:
193:. Retrieved
189:
180:
168:. Retrieved
164:
154:
143:. Retrieved
139:
116:. Retrieved
114:. 2021-03-20
111:
102:
62:
59:
55:
52:
44:
26:
22:
18:
269:October 16,
170:October 16,
284:Categories
244:2023-10-17
219:2023-10-17
195:2023-10-17
145:2023-10-17
118:2023-10-17
95:References
47:nanometer
68:See also
264:npr.org
41:History
23:Hongxin
89:Hanxin
35:China
20:Wuhan
271:2023
172:2023
31:chip
286::
262:.
236:.
212:.
188:.
163:.
138:.
127:^
110:.
273:.
247:.
222:.
198:.
174:.
148:.
121:.
27:）
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.