Gentech plans to acquire 62.23% equity in Hanqing Semiconductor

According to the Zhitong Finance APP, Gentech (688596.SH) announced that the company intends to purchase 62.23% equity held by five shareholders of Liaoning Hanjing Semiconductor Materials Co., Ltd. (hereinafter referred to as "Hanjing Semiconductor" or "the target company") in cash. Upon completion of this transaction, Hanjing Semiconductor will become a controlling subsidiary of Gentech. The parties involved in the transaction have signed a "Share Acquisition Intent Agreement."

This transaction aligns with the company's development strategy. After the transaction is completed, the company will introduce more customer resources to Hanjing Semiconductor, while generating strong synergies in product expansion, technology research and development, and operational capabilities, enabling the company to achieve greater growth in the core semiconductor component field, promote OPEX business development, and enhance the company's core competitiveness and sustainable performance growth momentum.

It is reported that Hanjing Semiconductor possesses high-precision quartz and advanced ceramic material manufacturing technology, with main products including quartz tubes, quartz boats, quartz rings, silicon carbide ceramic boats, silicon carbide ceramic tubes, and silicon carbide ceramic insulation tubes. As the first domestic producer of silicon carbide consumables and a leading supplier in the domestic quartz products industry, Hanjing Semiconductor has become a core supplier to international leading semiconductor equipment manufacturers such as Tokyo Electron (TEL) and Hitachi High-Technologies (KE) with superior technology and stable quality. Its products have also been introduced to many first-tier wafer fabs both domestically and internationally, including Taiwan Semiconductor Manufacturing Company (TSMC), as well as renowned domestic semiconductor process equipment manufacturers such as North Huachuang, Tuojing, and Zhongwei. Hanjing Semiconductor has achieved domestic substitution of key materials that are "bottlenecked" in the semiconductor industry, with some products' market share exceeding that of international suppliers. Currently, Hanjing Semiconductor is in a period of rapid development, and in addition to its existing production lines, it is also advancing the construction of high-end production lines, including the first ultra-pure quartz production line in the country, which will correspond to semiconductor advanced process technology below 10 nanometers; at the same time, it is building the first semiconductor silicon carbide component production line in the country, breaking through "bottlenecked" products in the advanced silicon carbide component field