On the evening of January 19, photovoltaic silicon wafer manufacturer TCL Zhonghuan announced that in order to strengthen its competitive advantage in the field of semiconductor silicon wafer manufacturing, the company’s holding subsidiary Zhonghuan Leading Semiconductor Materials Co., Ltd. Acquisition of Xinxin Semiconductor Technology Co., Ltd. (hereinafter referred to as "Xinxin Semiconductor") by means of capital, realizes the complementary advantages of Zhonghuan Leading and Xinxin Semiconductor in resources, products and markets, and rapidly expands silicon wafer production capacity.
According to the announcement information, Zhonghuan Leading’s newly increased registered capital is 4.875 billion yuan. Xinxin Semiconductor’s shareholders subscribed for Zhonghuan Leading’s newly increased registered capital with 100% equity of the target company held by them. The transaction consideration is RMB 7.757 billion. After the transaction is completed, Xinxin Semiconductor will become a wholly-owned subsidiary of Zhonghuan Leading, and Xinxin Semiconductor shareholders will hold a total of 32.50% of Zhonghuan Leading.
According to the announcement information, Xinxin Semiconductor, the target company of this acquisition, is mainly committed to the research and development and manufacturing of 300mm semiconductor silicon wafers. It has been put into production in October 2020, and its product applications are mainly advanced processes such as logic chips and memory chips. , product terminals cover mobile communications, portable devices, automotive electronics, Internet of Things, industrial electronics and other industries.
In addition, Xinxin Semiconductor has built a factory building and supporting facilities, which can meet the production capacity of 600,000 pieces per month. At present, it has achieved mass production of 12-inch semiconductor silicon wafers, and has completed the product certification process for key customers.
