Hua Hong Eyes Controlling Stake in HLMC Amid China Foundry Consolidation Drive
China’s semiconductor industry may be on the brink of one of its largest consolidations in recent years. Hua Hong Semiconductor, the country’s second-largest foundry, is reportedly seeking to acquire a controlling stake in Shanghai Huali Microelectronics (HLMC) through a mix of share issuance, cash, and a supporting capital raise. The move, reported by ijiwei and […]
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