It plans to invest 10 billion US dollars, and Chengdu Gexin may be taken over by Korean enterprises

 It plans to invest 10 billion US dollars, and Chengdu Gexin may be taken over by Korean enterprises

According to, a new company with former SK Hynix vice president Choi jinseog as the legal person will take over the grid core and build DRAM production line on this basis.

According to the enterprise investigation, the new company, named Chengdu gaozhen Technology Co., Ltd., was incorporated on September 28 this year with a registered capital of 5.109 billion yuan. At present, the company has two major shareholders: Chengdu Jiji Semiconductor Co., Ltd., with a capital contribution of 3.065 billion yuan, holding 60% of the shares. Zhenxin (Beijing) Semiconductor Co., Ltd., with Cui Zhenji as the legal person and executive director, has invested 2.043 billion yuan and holds 40% of the shares. The company was established in November 2019.

Choi Jin seog is a well-known technical expert in the semiconductor industry in South Korea. At the beginning of the 21st century, Hynix, the worlds second largest memory chip company, was on the verge of bankruptcy and was almost acquired by MgO. Hynix recruited Cui Zhenju, a senior engineer at that time, from Samsung Semiconductor department. He led his technical team to raise the companys R & D capability to the same level as Samsung in less than two years, making Hynix come back from the dead. According to reports, Cui left Hynix after not being elected CEO.

Enterprise investigation shows that, less than one year after its establishment, Zhenxin (Beijing) semiconductor, as the second largest shareholder of the new company, has applied for 43 patents, including lithography technology, semiconductor equipment, etc. all technologies are developed in cooperation with the Institute of microelectronics, Chinese Academy of Sciences.

At present, grid core (Chengdu) integrated circuit manufacturing Co., Ltd. has two major shareholders: Global foundations, which holds 51% of the shares, and Chengdu Gaoxin Industrial Investment Co., Ltd., which holds 49% of the shares. It is not clear how Chengdu hi tech will take over the offer.

Before Wuhan Hongxin, which plans to invest 100 billion yuan, disclosed itself or will be ruined, Chengdu Gexin was once regarded as the largest factory corpse in the industry.

Around 2016, thanks to the support of then CEOs Sanjay JHA, the worlds second largest chip manufacturer, prepared to build a factory in China. A person in the industry told AI finance and economics news agency that Gexin successively contacted with Nanjing, Chongqing, Chengdu and other places, and signed a cooperation framework agreement with Chongqing, but since then, Chengdu jumped out and promised that Chengdu could also give preferential terms given by Chongqing, and new preferential policies could still be discussed. In the end, the grid core was robbed by Chengdu. At that time, the planned investment scale simulation exceeded 10 billion US dollars.

In the initial blueprint, the first phase of Chengdu grid core is the less advanced 0.18 micron process, but it is clear that it is a 12 inch factory rather than an ordinary 8 inch factory; the second phase plans to introduce the 22nm SOI manufacturing process developed by Germany.

There are two opinions in the industry about the suspension of Chengdu grid core: one is that lattice core wants to take the old and even obsolete 8-inch second-hand equipment in Singapore factory to Chengdu grid core, and use the equipment to discount into shares, but it has not negotiated with the Chengdu municipal government. The other is the 8-inch second-hand equipment with lattice core stopped at the customs because it is not in conformity with the declared 12 inch equipment and has not been cleared. At that time, the factory buildings had been built, and the employees were waiting for the equipment to be transported in, but the cooperation broke down and the production line was stagnant.

In May 2020, Chengdu grid core issued three notices in succession, announcing that the company was completely shut down due to business conditions. After laying off the remaining 74 employees, the plant covering an area of 1000 mu was completely vacant. At present, in the rumor that there will be a new supplier, the industry is waiting to see whether Chengdu grid core can really usher in a new life.