The supporting fundraising for the acquisition of Hangzhou Zhonggui Electronic Technology Co., Ltd. by Advanced Micro-Fabrication Equipment Inc. China (AMEC) has been successfully completed, with all 1.5 billion yuan in supporting funds secured. This marks the formal conclusion of AMEC's first controlling stake acquisition through a share issuance in over twenty years, propelling the company's "platformization" and "conglomeratization" development strategy into a phase of substantial acceleration.
The acquisition target, Hangzhou Zhonggui, is a rare domestic enterprise capable of mass-producing 12-inch high-end CMP equipment. CMP is a core wet process in semiconductor front-end manufacturing, forming a highly complementary pairing with AMEC's existing dry process equipment such as plasma etching and thin film deposition. Following this acquisition, AMEC has become a comprehensive equipment platform provider domestically, possessing all four core front-end process technologies: etching, thin film deposition, metrology/inspection, and wet processing. This move addresses its previous gap in wet processing, achieving a complete process loop from dry to wet techniques.
AMEC has outlined a plan to cover over 60% of high-end critical equipment and over 70% of advanced packaging equipment in the integrated circuit sector within approximately five years. The acquisition of this CMP equipment asset represents a crucial step in translating this strategic plan into action.
Within the 1.5 billion yuan supporting fundraising, the National Integrated Circuit Industry Investment Fund Phase III subscribed to 53.33%, while Shanghai Pudong New Emerging Industry Investment Co., Ltd. subscribed to 40.00%. The continuous support from the Big Fund across its first, second, and now third phases not only signifies recognition of AMEC's leading industry position and its platform strategy but also signals policy-level support for leading companies to enhance overall industrial competitiveness through mergers and acquisitions. Concurrently, the participation of Shanghai's state-owned capital reflects the local government's strategic focus on building a world-class semiconductor industry cluster and establishing an innovation hub for integrated circuits.
AMEC stated that its next steps will involve comprehensively promoting deep synergy with Hangzhou Zhonggui across various dimensions, including product R&D, supply chain management, market and customer resources, and production capacity planning. The company aims to leverage the complementary strengths between dry and wet process technologies and foster the organic integration of the CMP equipment business with its existing product portfolio. AMEC will also continue to focus on meeting customer demands for advanced process node iterations, accelerating the development of system-level integrated solutions, and consistently enhancing its comprehensive competitiveness in the global high-end semiconductor equipment market.
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