A 100-billion Yuan Chip Project Put on Hold in Wuhan 武漢千億級芯片項目停擺

While the US is considering sanctions on CCP's chipmaker Semiconductor Manufacturing International Corporation, #SMIC, #Wuhan's 100 billion yuan chip project #Hongxin Semiconductor is put on hold due to lack of funds. See the abandoned site. Game over for Huawei without chips.

The chip manufacturer Wuhan #Hongxin Semiconductor Manufacturing Co., Ltd. was formally established in Wuhan Dongxihu District in November 2017, which claimed to have a total investment of RMB 128 billion. It was selected as a major project in Hubei Province twice in 2018 and 2019, but it was moved out in 2020. On July 30, the Wuhan Dongxihu District Government officially released the report "Analysis of Economic Operation in the Investment and Construction of Dongxihu District in the First Half of the Year", which showed that Wuhan Hongxin Semiconductor ("Hongxin") manufacturing project is the No. 1 investment challenge that Dongxihu District is facing. It pointed out that the Hongxin project “has a large funding gap and faces the risk of project stagnation due to the capital chain break at any time”. Currently this report has been deleted.
晶片廠商武漢弘芯半導體於2017年11月在武漢東西湖區正式成立，號稱總投資人民幣1280億元人民幣，在2018、2019年兩度入選了湖北省重大專案，不過在2020年又被移出。7月30日，中共武漢市東西湖區政府官方發布《上半年東西湖區投資建設領域經濟運行分析》報告顯示：武漢弘芯半導體（簡稱“弘芯”）製造項目是東西湖區投資領域面臨挑戰的首個案例，但弘芯項目“存在較大資金缺口，隨時面臨資金鍊斷裂導致項目停滯的風險”。目前此文件已被刪除。
#CapitalChainBreak #Chip

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