On September 12th local time, the U.S. Bureau of Industry and Security (BIS) under the Department of Commerce announced that 23 Chinese entities, including Shanghai Fudan Microelectronics Group Co.,Ltd. and several of its subsidiaries, would be added to the Entity List for allegedly engaging in activities "contrary to U.S. national security or foreign policy interests."
On the evening of September 14th, Shanghai Fudan Microelectronics Group Co.,Ltd. published an open letter through its official WeChat account titled "Adhering to Independent Development, Safeguarding Long-term Value - To Investors and Partners," which appeared to be a response to being placed on the Entity List.
In the open letter, Shanghai Fudan Microelectronics Group Co.,Ltd. also revealed that the company has established a research and development platform for FPAI heterogeneous fusion architecture chips, building a full-spectrum R&D layout for computing power chips ranging from 4TOPS to 128TOPS, with the first 32TOPS product showing good promotional progress.
The following is the full text of Shanghai Fudan Microelectronics Group Co.,Ltd.'s open letter:
Dear investors, partners, and friends who care about Shanghai Fudan Microelectronics Group Co.,Ltd.:
Against the backdrop of rapid evolution in the global technology industry and an increasingly complex external environment, Shanghai Fudan Microelectronics Group Co.,Ltd. has always adhered to independent innovation as its foundation and steady operation as its cornerstone, maintaining a clear development rhythm and firm strategic determination. With long-term strategic reserves and diversified cooperation systems, the company operates smoothly with strong customer service and delivery guarantees.
Since its establishment, the company has always adhered to business conduct standards, insisted on legal and compliant operations, and followed market rules and international regulations, conducting business activities in various countries and regions worldwide, committed to creating long-term value for customers and partners.
The company's core technology system is based on independent design and R&D, with continuously improving industrial collaboration systems. Starting with security and identification chips, the company's business has gradually expanded to non-volatile memory, intelligent metering and industrial control MCUs, programmable logic devices (FPGA), and other fields, gradually forming a complete and diversified product system.
Today, Shanghai Fudan Microelectronics Group Co.,Ltd. has built a sustainable development pattern centered on independent design, with clear intellectual property ownership and strong industrial chain collaboration, demonstrating solid advantages in key areas:
**Strategic Reserves** The company has strengthened strategic reserves of wafers and key raw materials for core product lines. Inventory scale has grown from approximately 600 million yuan at the end of 2020 to approximately 3.1 billion yuan at the end of the first half of 2025, with raw materials and work-in-progress totaling approximately 2.1 billion yuan. This effectively enhances supply chain stability and risk resistance capabilities, providing guarantees for continued steady operations.
**Industrial Collaboration** The company maintains an open and cooperative attitude, willing to maintain cooperative relationships with global industrial chain partners. To better serve customers, since 2022, the company has further strengthened supply chain diversification, deepening collaboration with domestic and international upstream and downstream partners, enhancing supply chain resilience and improving capacity guarantee capabilities.
**Frontier Innovation** The company has established a research and development platform for FPAI heterogeneous fusion architecture chips, building a full-spectrum R&D layout for computing power chips ranging from 4TOPS to 128TOPS. The first 32TOPS product is progressing well in promotion, and the expansion of computing power products is advancing steadily.
Previous accumulation and planning provide solid support for the company to maintain steady operations in complex environments and achieve long-term value growth in the future.
Looking ahead, we will continue to promote core technology iteration and upgrades, enhance autonomous and controllable levels, and strengthen industrial chain collaborative innovation. We deeply understand that the development of the technology industry is a long-distance race requiring endurance and determination. Shanghai Fudan Microelectronics Group Co.,Ltd. will continue to cultivate in the vast field of integrated circuit design with an even more determined attitude.
Regardless of how the external environment changes, Shanghai Fudan Microelectronics Group Co.,Ltd. will adhere to the principles of autonomous control and open cooperation, working together with global partners to promote high-quality development of the semiconductor industry. We believe that China's technological innovation will surely demonstrate broader prospects on the world stage.
We thank all investors, partners, and friends who care about Shanghai Fudan Microelectronics Group Co.,Ltd.'s development for their long-term trust and support. We have confidence and determination to firmly walk the path of independent development and create more stable and long-term value returns for investors.
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