Gelonghui, December 6 | Sai Wei Electronics (300456.SZ) announced that recently, the company noticed that some media “Suddenly, the 5 billion semiconductor project in Hefei stopped!” , “A 12-inch semiconductor Fab project in Hefei has stopped progressing!” , “Hefei 5.1 billion semiconductor project stopped advancing!” , “'No hope for a reboot? ' Reports such as “Saiwei Electronics' Super 5 billion semiconductor project halted” have now been clarified in order to prevent relevant information from misleading investors.
Clarification instructions
1. Background of project cooperation
<合作框架协议>On January 4, 2022, the company disclosed the “Notice on Signing with the Hefei High-tech Zone Management Committee”. The content of the cooperation is to invest in the construction of a 12-inch MEMS manufacturing line project in the Hefei High-tech Zone. The background of this cooperation is based on the company's Swedish wholly-owned subsidiary Silex Microsystems AB's previous plan to acquire assets related to the automotive chip manufacturing line located in Germany. For details, please refer to the “Notice Concerning the Acquisition of German Production Line Assets by a Swedish Subsidiary” disclosed by the company on December 15, 2021. The Hefei High-tech Zone is the core area of the Hefei Comprehensive National Science Center, a national independent innovation demonstration zone, and the first batch of national double innovation demonstration bases. It attaches great importance to the development of the integrated circuit industry. It has built a complete industrial chain of design, manufacturing, packaging, equipment and materials, and is a strategic emerging industry cluster for integrated circuits in the country. The company signed a “Cooperation Framework Agreement” with the Hefei High-tech Zone Management Committee to simultaneously lay out automotive chip manufacturing lines at home and abroad to meet the needs of different markets at home and abroad, and plans to jointly promote the Hefei production line project.
2. Reasons for project termination
Since the company's acquisition of the German automotive chip manufacturing line was banned by the German Federal Ministry of Economic Affairs and Climate Action, the above acquisition plan was forced to be terminated. On November 10, 2022, the company disclosed the “Notice Concerning the Acquisition of Automobile Chip Manufacturing Line Transactions Prohibited by the German Federal Ministry of Economic Affairs and Climate Action” on November 10, 2022. Affected by the above external objective factors, the Hefei production line project was terminated.
3. Clarification of media reports
Relevant media reports about when the incident occurred were inaccurate, such as “Sudden, the Hefei 5 billion semiconductor project stopped!” Based on the company's interactive easy response content on December 2, 2024, using the word “sudden”, investors can easily misunderstand that the incident occurred recently, but in reality, the incident occurred long after the failure of the German production line acquisition, and the company has explained it many times before.
<战略合作协议>In the “2022 Annual Report” disclosed by the company on March 29, 2023, it was stated that the promotion of the production line is currently on hold; in the “Notice on Signing with the Beijing Huairou District People's Government” disclosed on April 10, 2024, the company stated that the implementation of the Hefei Production Line Cooperation Framework Agreement has essentially been terminated. In 2023-2024, the company responded several times on the Interactive Easy Platform and the “Investor Relations Activity Record Form” indicating that the Hefei production line was stopped.
On December 2, 2024, when responding to similar questions from investors on the Interactive Easy platform, the company once again explained that the production line in Hefei had stopped. The company and related parties have not actually invested in the project, and the cessation of the project will not have a significant impact on the company's production and operation. Investors are kindly requested to make rational judgments and careful decisions.