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Native name | 北方华创科技集团股份有限公司 |
|---|---|
| Formerly | Beijing Sevenstar Electronics |
| Company type | Public |
| SZSE:002371 CSI A50 | |
| Industry | Semiconductors |
| Founded | September 2001; 24 years ago (2001-09) |
| Headquarters | Beijing,China |
Key people | Zhao Jinrong (Chairman) Tao Haihong (CEO) |
| Revenue | |
| Total assets | |
| Total equity | |
Number of employees | 12,010 (2023) |
| Website | www |
| Footnotes / references [1] | |
NAURA Technology Group Co., Ltd (Naura;Chinese:北方华创科技集团;pinyin:Běifāng Huáchuàng Kējì Jítuán) is apublicly listed Chinese company that manufacturessemiconductor chip production equipment. It is currently the largest semiconductor equipment manufacturer in China.[2]
According to CINNO Research, in 2024, Naura was the sixth largest semiconductor equipment manufacturer globally in terms of total sales.[3]
In September 2001, Beijing Electronics Holdings, a governmentSASAC entity initiated the establishment of Beijing Sevenstar Electronics (Sevenstar Electronics).[4][5]
On 16 March 2010, the company held itsinitial public offering on theChiNext ofShenzhen Stock Exchange. It was the biggest gainer for mainland China stocks on that day where its initial price of 33 yuan per share jumped 79% percent to 59 yuan.[5][6]
In 2016, Sevenstar Electronics acquired Beijing North Microelectronics (NMC) from its parent, Beijing Electronics Holdings. NMC specialized in Siliconetching andPhysical vapor deposition (PVD) equipment.[4] On 24 February 2017, after the company restructured following its acquisition, it was renamed to NAURA Technology Group.[7][8]
In January 2018, theCommittee on Foreign Investment in the United States (CFIUS) approved Naura's purchase of Akrion Systems, a Pennsylvania-based rival that was a supplier of advancedwafer surface preparation technology. This was the first takeover of an American company by a Chinese one that was approved sinceDonald Trump becamePresident of the United States. Prior to that theTrump administration had blocked all Chinese acquisitions of US target companies as a result of theChina–United States trade war.[2][9]
In October 2022, Naura told its American employees in China to stop taking part inR&D activities to comply with theUnited States New Export Controls on Advanced Computing and Semiconductors to China. Naura stated its subsidiary, Beijing Naura Magnetoelectric Technology was on theBureau of Industry and Securityunverified list although it accounted for only 0.5% of the company's annual revenue. Its share price dropped 20% that week.[2][10] A week later, US trade officials fromAmerican embassy in Beijing held talks with executives of Naura.[11]
In December 2022, Beijing Naura Magnetoelectric Technology was removed from the Bureau of Industry and Security unverified list after their bona fides were able to be verified.[2][12]
In February 2023,Yangtze Memory Technologies reduced its equipment purchase orders by 70% from Naura. The cancellation orders stated in October 2022 which was around the same time the US export controls came into effect.[13]
In January 2024, Naura stated it expected its 2023 revenue to increase by around half from a year earlier as its technology developments allowed it fulfil local demands and gain a greater market share in the country.[14]
In February 2024,Bloomberg News reported that Naura was one of the top investment picks amongWall Street firms such asBarclays andSanford C. Bernstein. A company comparable toApplied Materials, it would be able to fulfill local market demands in China and fill the void left by foreign firms being unable to continue doing business due to geopolitical restrictions.[15]
In April 2024, it was reported that Naura was starting research onlithography systems.[16]
In September 2024, Taiwanese authorities accused eight mainland Chinese technology companies which included Naura of illegally poaching talent from Taiwan. Naura denied poaching local workers and stated its office in Taiwan operated in accordance with local laws and regulations.[17]
In December 2024, Naura was targeted in a new round of USexport controls and added to theUnited States Department of Commerce'sEntity List.[18]
On 10 March 2025, Naura announced it would acquire a 9.49% stake inKingsemi for CNY1.69 billion making it the largest shareholder in the company.[19]
Naura has four business lines:[2][5]