 | |
Native name | 拓荆科技股份有限公司 |
|---|---|
| Company type | Public; partlystate-owned |
| SSE:688072 | |
| Industry | Semiconductors |
| Founded | April 28, 2010; 14 years ago (2010-04-28) |
| Headquarters | Shenyang,Liaoning,China |
Key people | Lü Guangquan (Chairman) Liu Jing (CEO) |
| Revenue |  CN¥2.71 billion (2023) |
| CN¥663.88 million (2023) | |
| Total assets | CN¥9.97 billion (2023) |
| Total equity | CN¥4.59 billion (2023) |
Number of employees | 1,068 (2023) |
| Website | www |
| Footnotes / references [1] | |
Piotech (also known asTuojing Technology;Chinese:拓荆科技;pinyin:Tàjīng Kējì) is apublicly listed Chinese company that manufacturessemiconductor chip production equipment.
In April 2010. Piotech was founded by a group of returning international technology veterans from the United States along with theChinese Academy of Sciences.[2][3][4]
In 2015, Piotech announced that it had received a 270 billion yuan investment from a group that included theChina Integrated Circuit Industry Investment Fund andAdvanced Micro-Fabrication Equipment. The China Integrated Circuit Industry Investment Fund currently remains the largest shareholder of the company.[2][3][5]
According to Piotech'sinitial public offering (IPO) prospectus in 2021, it has three products lines which are developing equipment forplasma-enhanced chemical vapor deposition (PECVD),atomic layer deposition (ALD) and sub-atmospheric pressurechemical vapor deposition (SACVD). The company's products were used in14 nm process and above. It had also carried out testing in10 nm process and below. Its customers includedSMIC,Hua Hong Semiconductor,Yangtze Memory Technologies andChangXin Memory Technologies.[3][4]
On 20 April 2022, Piotech completed its IPO becoming a listed company on theShanghai Stock Exchange STAR Market.[4]
In July 2022, Piotech shares surged 10% after news reported that the United States was pushing the Netherlands to banASML Holding from selling certain technology to China to manufacture chips.[6]
It was speculated that theUnited States New Export Controls on Advanced Computing and Semiconductors to China that was effective 7 October 2022 would have an impact on Piotech. According to a filing in early 2022, six of the seven key research and development executives of Piotech were American citizens. Many of its top management including chairman and general manager were also Americans.[7]
In March 2024, Piotech stated its plan to invest 1.1 billion yuan in a high-end semiconductor equipment industrialization base construction project.[8]
In December 2024, Piotech was targeted in a new round of USexport controls and added to theUnited States Department of Commerce'sEntity List.[9]
