Jiangsu’s Times Core Wafer Fab has been announcedbankruptcyAndauctionI have a second-hand lithography machine, but no one has taken possession of it yet. Surprisingly, the wafer factory of Times Chipkan was once turned into a chicken and duck breeding farm when there was no business, and even became a guesthouse open to the public. I’ve always wanted to resell the second-hand ASML lithography machine I bought, but no one has taken it up yet.
According to “Jeff’s Viewpoint” Baidu Baijia account and Jiwei.net reports, Times Core was established in 2016 and originally announced that it wouldinvestIt invested 13 billion RMB to build an annual production capacity of 100,000 memory 12-inch chips, which was considered an important project by the local government.
But exactly three years later, the company started not paying the employees. However, this company has technical problems. It is reported that the company announced the production of its first EEPROM product in November 2019, but the final yield rate was only 1.7%. It can be said that it has no mass production capabilities at all.
An employee revealed that since there was no business, ducks and chickens were raised in the factory. In addition, chickens and ducks raised at the factory will eventually be sent to the VIP restaurant to entertain foreign guests visiting the factory. So it appears to be a wafer fab, but actually has no production of wafers, and has instead become a guest house.
It was clear that raising chickens and ducks could not support the company’s expenses. When it became unable to make ends meet, Times Xinqun sought a new round of investment. However, Times Xinkun, which went bankrupt, ultimately chose bankruptcy and liquidation.
In July 2023, the People’s Court of Huaiyin District, Huai’an City, Jiangsu Province officially accepted the bankruptcy liquidation case of Jiangsu Times This ASML Lithography Machine was purchased by the company in 2018. Model is 1950Hi. This is obviously a second-hand lithography machine. However, the Times core at that time was priced at US$28.68 million, plus 54 other supporting core equipment and 290 sets of auxiliary equipment, totaling about 1.49 billion RMB.
However, it is said that after purchasing the photolithography machine and accessories, Times Core still has a large amount of equipment remaining that has not yet been delivered.
According to the report, if Times Xinkun’s second-hand equipment and factories are auctioned one by one, the assets that can be recovered are the depreciation of the equipment and the need to pay off other original debts of the company. Reasons will be limited. Therefore, local local government is more inclined to take charge of quality companies. However, since this company’s technology is actually not very strong and it is not well known in the industry, it may be difficult to find a “takeover”.
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