Zhengzhou Customs Destroys Counterfeit TI Chips Worth 704M Yuan
Earlier this week, Zhengzhou Customs seized 20,000 automotive CPU controller ICs labeled with the Texas Instruments (TI) trademark, suspecting them to be counterfeit. After confirming this with TI headquarters in the U.S., Customs officers destroyed the devices. The intended function of the CPUs was to prevent short circuits caused by instantaneous current overload when a vehicle is started. Counterfeit auto parts are extremely harmful; once in the market, they can seriously endanger consumers’ safety, making their interception a high priority for Customs. Total value of the fake chips was estimated at 704 million yuan.
HDSC, Jita Semi & Shanghai IC industry Investment Fund Sign Development Deal
HDSC, Jita Semiconductor Ltd., and Shanghai IC industry Investment Fund recently signed a joint agreement for additional capital funding on the Jita Semiconductor project. Jita Semiconductor’s product line is a major project for Shanghai, with a total investment of 35.9 billion yuan. Construction began in August 2018, focused on building 8-inch and 12-inch product lines with capacity of 60,000 and 50,000 wafers per month, respectively. The production lines are focused on such applications as industrial control and automotive electronics.
Shanghai Silicon Industry Group Plans Initial Public Offering
Shanghai Silicon Industry Group has completed listing counseling in advance of its forthcoming initial public offering (IPO). Established in 2015, Shanghai Silicon Industry Group’s business focus is R&D, production and sales of semiconductor wafers. As China’s largest wafer provider, it is also the first company in China to achieve large-scale sales of 300mm wafers, which previously had a 0% localization rate.