An agricultural chemical company wants to expand their business entering the semiconductor chemical industry with a partnership with a packaging-FPD equipment maker.
BioPro Chemicals (603360) announced that the company and Suzhou Xinhuilian Semiconductor Technology Co., Ltd. (referred to as "Xinhuilian") planned to sign a "Strategic Cooperation Agreement". The two parties plan to carry out in-depth semiconductor equipment business. cooperate. According to disclosures, Bioa Chemical intends to entrust Xinhuilian to purchase semiconductor equipment with its own funds. The total contract price shall not exceed 140 million yuan. Xinhuilian will be responsible for its remanufacturing, upgrading, technical services and external sales.
According to the data, Bioro Chemical is mainly engaged in the research and development, production and sales of isothiazolinone industrial fungicides. The company is currently planning to develop new businesses and plans to deploy in the semiconductor equipment manufacturing industry. In recent years, domestic semiconductor equipment has broken its monopoly in mature processes and is expected to enter the commercialization and expansion stage under the resonance of stock replacement and incremental expansion. In order to meet strong downstream demand, chip manufacturers continue to expand production capacity, and the rise of domestic wafer fabs has led to an increase in domestic demand for semiconductor equipment. In this context, Bioro Chemical regards the semiconductor equipment industry as a new direction for strategic development.
Founded in 2019, Xinhuilian is a high-tech enterprise focusing on semiconductor equipment manufacturing, technical services and product sales. It is understood that Xinhuilian adopts forward R&D technology with high technical difficulty in the development and iteration of semiconductor equipment, and has achieved phased results. Its equipment products include the world's leading glue developing machine, high-end electroplating equipment, innovative Automation equipment and high-precision wafer bonding equipment, etc.
According to the "Strategic Cooperation Agreement" between the two parties, Biao Chemical and Xinhuilian will cooperate to carry out technological innovation and R&D iterations of advanced semiconductor equipment including but not limited to: the world's leading glue coating and development equipment, advanced high-end wet plating equipment, innovative and independent Research and development of semiconductor automation equipment, high-tech wafer bonding equipment, cutting-edge wet cleaning equipment, etc. In the future, as Bioa Chemicals gradually and deeply transforms into the semiconductor industry, if there is any business collaboration or development assistance with Xinhuilian, both parties will jointly promote industrial cooperation, further achieve industrial synergy, and work together to make the semiconductor industry bigger and bigger. powerful.