Hua Hong merged with Grace Semiconductor in 2000 and dropped DRAM in 2003 to become a foundry.
The company runs three 200 mm fabs and three 300 mm fabs and its most advanced process is 
With the China government keen to boost its semiconductor industry’s capabilities, the offer is likely to be a success. The proceeds will be spent on boosting capacity at Wuxi.
Hua Hong had revenues of $2.5 billion last year – up 52% on 2021.
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