JCET Group is a public company headquartered in Jiangyin on China's eastern coast.[2][3] It is the largest Outsourced Semiconductor Assembly and Test (OSAT) company in mainland China and the third-largest globally.[4] JCET was formed in 1972, when Jiangyin converted a local factory to produce transistors. JCET went public on the Shanghai Stock Exchange in 2003 and continued to grow over time. JCET provides a range of semiconductor packaging, assembly, manufacturing, and testing products and services.
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| JCET | |
Native name | 江苏长电科技股份有限公司 |
| Company type | Public |
| SSE: 600584 | |
| Industry | Semiconductor packaging and testing (OSAT) |
| Founded | 1972 |
| Headquarters | Jiangyin, Jiangsu, China |
Key people | Li Zheng (CEO) |
| Revenue |  CN¥29.66 billion (2023) |
| CN¥1.47 billion (2023) | |
| Total assets |  CN¥42.58 billion (2023) |
| Total equity | CN¥26.15 billion (2023) |
| Owner | China Resources Microelectronics |
Number of employees | 19,812 (2023) |
| Website | jcetglobal.com |
| Footnotes / references [1] | |
History
editJCET (Jiangsu Changjiang Electronics Technology) was founded in 1972,[5] when the Jiangyin converted a factory into a facility for manufacturing transistors.[6] The company's first automated manufacturing processes came online in 1986.[6] JCET went public on the Shanghai Stock Exchange in June 2003.[7] Later that year, it introduced several new products and subsidiaries, including the subsidiary JiangYin Changdian Advanced Packaging Co., Ltd. (JCAP) (later renamed as JCET Advanced Packaging Co.). JCAP works with Chinese universities on research and development in the semiconductor industry and became the largest wafer-level packaging company in China.[4]
By 2004, JCET was manufacturing 2.5 billion integrated circuits and 15 billion transistor components annually.[4] It opened a new research and development center in Singapore in 2007 and a new manufacturing facility in Jiangyin in 2008.[4] From 2009 to 2013, JCET's revenues grew 17.8% per-year.[7] The company had US$611 million in annual revenue by 2011, which grew to $711 million by 2012.[4] By 2015, JCET had five production centers in China and more than one billion USD in annual revenues.[8]
In the 2000s, JCET's revenues decreased from more semiconductor companies bringing their packaging in-house, but later grew due to the increased demand for electronics.[4]
JCET completed the acquisition of Singapore-based competitor STATS ChipPAC for $1.8 billion in August 2015.[4] STATS ChipPAC was a competitor of JCET and the fourth-largest semiconductor packaging and testing company.[2] The following year, JCET invested $300 million to double STATS ChipPAC's manufacturing capacity.[4]
In March 2024, China Resources Microelectronics acquired a 22.5% stake in JCET making it the controlling shareholder.[9]
Products
editJCET Group is the largest Outsourced Semiconductor Assembly and Test (OSAT) company in mainland China and the third-largest globally.[4] JCET also provides semiconductor manufacturing, product development, testing, packaging design, and other services.[4][10] As of 2019, it has six manufacturing facilities and two R&D centers.[4][11][12] As of 2016, JCET holds about 2,600 patents.[11] As of 2013, about 70% of JCET's revenues were from the United States, with 19% from Asia and 12% from Europe.[7]
See also
editReferences
edit- ^ "2023 Annual Report" (PDF). Sina.
- ^ a b "Changjiang Electronics Offers $780 Million for Stats ChipPack". Bloomberg.com. November 6, 2014. Retrieved June 25, 2021.
- ^ Carew, Rick; Venkat, P.R. (November 6, 2014). "Jiangsu Changjiang Makes $780 Million Offer for STATS ChipPAC". WSJ. Retrieved June 23, 2021.
- ^ a b c d e f g h i j k "Jiangsu Changjiang Electronics Technology Co., Ltd.". The International Directory of Company Histories Series. Vol. 216. St. James Press. 2020. ISBN 978-1410382443.
- ^ Thomas, Denny (November 6, 2014). "Temasek to exit STATS ChipPAC with $1.8 billion deal with China's JCET". Reuters. Retrieved June 23, 2021.
- ^ a b "22.中国科技公司之——长电科技". 知乎专栏 (in Chinese). July 26, 2018. Retrieved June 25, 2021.
- ^ a b c Liu, Xiaohua (June 2017), How to Improve M&A Loans in China: A Comparison and Risk Management Angle (PDF), MIT, p. 31
- ^ Oh, Yoon Ah; No, Suyeon (April 23, 2019). "The patterns of state-firm coordination in China's private sector internationalization: China's mergers and acquisitions in Southeast Asia". The Pacific Review. 33 (6). Informa UK Limited: 873–899. doi:10.1080/09512748.2019.1599410. ISSN 0951-2748. S2CID 159043595.
- ^ Fan, Xuehan (27 March 2024). "JCET Gains as China Resources Takes Over Chip Packaging Firm for USD1.6 Billion". www.yicaiglobal.com. Archived from the original on 7 October 2024. Retrieved 7 October 2024.
- ^ Jiangsu Changjiang Electronics Technology Co Ltd, GlobalData, November 2020
- ^ a b Wang, Hongyi (July 8, 2016). "Finding the way forward by going out". China Daily. p. 24.
- ^ "Changdian Technology". 雪球 (in Chinese). July 14, 2020. Retrieved June 25, 2021.