I have a hunch that the rumored foreign buyer of SSA800A duvl is either GF or STMicroelectronics in China.
China market beckons
In October 2024, GF held its annual technology summit in Shanghai, underscoring its strategic focus on the Chinese market. Mike Cadigan, GF's Chief Corporate and Government Affairs Officer, highlighted China's importance, while Kay Chai Ang, the newly appointed President of Asia-Pacific and Chairman of GF China, introduced plans to expand regional operations.
Tim Breen, GF's Chief Operating Officer, told
Yicai Global that the company has no intention of building manufacturing facilities or entering basic licensing agreements in China. Instead, GF plans to partner with local manufacturers to improve production quality. Analysts note that GF is targeting Chinese firms with production capacity but limited advanced technologies, alongside exploring partnerships with OEMs and chip design companies.
STMicroelectronics has also deepened its presence in China. In June 2023, CEO Jean-Marc Chery announced a partnership with Sanan Optoelectronics to expand an 8-inch SiC wafer fab. By November 2024, the company established a new collaboration with Hua Hong Semiconductor, emphasizing the competitive advantage of localized manufacturing.
Other European chipmakers, including Infineon Technologies and NXP Semiconductors, have similarly intensified their investments in "Made in China" initiatives by late 2024.
These strategic pivots reflect the challenges European companies face amid the US-China tech rivalry. Despite geopolitical tensions, Chinese orders remain critical for semiconductor manufacturers. Nvidia CEO Jensen Huang captured this dependency in a
Financial Times interview, likening the absence of Chinese clients to " a swimming pool in a new fab but no water to swim in."
Underutilized production capacity continues to burden European firms and may partly explain the stalled STMicroelectronics-GF wafer fab project in France. Industry experts have long cautioned that Europe's limited downstream electronics demand is insufficient to support large-scale capacity expansions envisioned by the European Chips Act.
1 day ago — Industry experts have long cautioned that
Europe's limited downstream electronics demand is insufficient to support large-scale capacity ...