National Silicon Industry Group Explained

National Silicon Industry Group Co., Ltd.
Trading Name:NSIG
Native Name:上海硅产业集团股份有限公司
Type:Public
State-owned enterprise
Location:Shanghai, China
Key People:Yu Yuehui (Chairman)
Qiu Ciyun (President)
Revenue: (2023)
Net Income: (2023)
Assets: (2023)
Equity: (2023)
Owner:China Integrated Circuit Industry Investment Fund (20.64%)
Num Employees:2,377 (2023)
Industry:Semiconductors
Subsid:Okmetic
Footnotes:[1]

National Silicon Industry Group (NSIG;) is a partially state-owned publicly listed Chinese semiconductor company headquartered in Shanghai.

The company engages in the development and sale of semiconductor wafers. It is the largest domestic producer of semiconductor wafers in China.[2]

Background

NSIG was founded in December 2015. It was established by government related entities including the Shanghai Municipal People's Government, China Integrated Circuit Industry Investment Fund and Semiconductor Manufacturing International Corporation.[3] [4]

In 2016, NSIG acquired Finnish company, Okmetic. In the same year, NSIG acquired a 14.5% stake in French company, Soitec.[5] NSIG would later trim its stake in Soitec.

On 20 April 2022, NSIG held its initial public offering becoming a listed company on the Shanghai Stock Exchange STAR Market. The offering raised $341 million with shares of the company jumping over 180% on its trading debut.

In May 2022, NSIG announced that it would invest $408.6 million building a production plant in Finland with Okmetic being responsible for it.[6]

See also

Notes and References

  1. Web site: 2023 Annual Report . Shanghai Stock Exchange.
  2. Web site: Chan . Rodney . 26 January 2024 . Chinese silicon wafer suppliers increasing production capacity . 20 October 2024 . DIGITIMES . en.
  3. Web site: Platonov . Ivan . 20 April 2020 . National Silicon Industry Group Ends First Day of Trading Up 180% . 20 October 2024 . EqualOcean . en.
  4. Web site: Persson . Joakim . 10 April 2016 . Chinese firm bids on Finnish Okmetic . 20 October 2024 . Scandasia . en-GB.
  5. Loukil . Ridha . 16 March 2023 . Pourquoi le fonds chinois NSIG abaisse sa participation dans Soitec sous le seuil de 10% . L'Usine nouvelle.
  6. Web site: Shicong . Dou . 11 May 2022 . China's NSIG Unveils USD409 Million Silicon Wafer Project in Finland . 20 October 2024 . www.yicaiglobal.com . en.