NAURA Technology Group explained

NAURA Technology Group Co., Ltd.
Native Name:北方华创科技集团股份有限公司
Former Name:Beijing Sevenstar Electronics
Type:Public
State-owned enterprise
Location:Beijing, China
Key People:Zhao Jinrong (Chairman)
Tao Haihong (CEO)
Revenue: (2023)
Net Income: (2023)
Assets: (2023)
Equity: (2023)
Num Employees:12,010 (2023)
Industry:Semiconductors
Footnotes:[1]

NAURA Technology Group (Naura;) is a partially state-owned publicly listed Chinese company that manufactures semiconductor chip production equipment. It is currently the largest semiconductor equipment manufacturer in China.[2]

History

In September 2001, Beijing Electronics Holdings, a government SASAC entity initiated the establishment of Beijing Sevenstar Electronics (Sevenstar Electronics).[3] [4]

On 16 March 2010, the company held its initial public offering on the ChiNext of Shenzhen Stock Exchange. It was the biggest gainer for mainland China stocks on that day where its initial price of 33 yuan per share jumped 79% percent to 59 yuan.[5]

In 2016, Sevenstar Electronics acquired Beijing North Microelectronics (NMC) from its parent, Beijing Electronics Holdings. NMC specialized in Silicon etching and Physical vapor deposition (PVD) equipement. On 24 February 2017, after the company restructured following its acquisition, it was renamed to NAURA Technology Group.[6] [7]

In January 2018, the Committee on Foreign Investment in the United States (CFIUS) approved Naura's purchase of Akrion Systems, a Pennsylvania-based rival that was a supplier of advanced wafer surface preparation technology. This was the first takeover of an American company by a Chinese one that was approved since Donald Trump became President of the United States. Prior to that the Trump administration had blocked all Chinese acquisitions of US target companies as a result of the China–United States trade war.[8]

In October 2022, Naura told its American employees in China to stop taking part in R&D activities to comply with the United States New Export Controls on Advanced Computing and Semiconductors to China. Naura stated its subsidiary, Beijing Naura Magnetoelectric Technology was on the Bureau of Industry and Security unverified list although it accounted for only 0.5% of the company's annual revenue. Its share price dropped 20% that week.[9] A week later, US trade officials from American embassy in Beijing held talks with executives of Naura.[10]

In December 2022, Beijing Naura Magnetoelectric Technology was removed from the Bureau of Industry and Security unverified list after their bona fides were able to be verified.[11]

In February 2023, Yangtze Memory Technologies reduced its equipment purchase orders by 70% from Naura. The cancellation orders stated in October 2022 which was around the same time the US export controls came into effect.[12]

In January 2024, Naura stated it expected its 2023 revenue to increase by around half from a year earlier as its technology developments allowed it fulfil local demands and gain a greater market share in the country.[13]

In February 2024, Bloomberg News reported that Naura was one of the top investment picks among Wall Street firms such as Barclays and Sanford C. Bernstein. A company comparable to Applied Materials, it would be able to fulfill local market demands in China and fill the void left by foreign firms being unable to continue doing business due to geopolitical restrictions.[14]

In April 2024, it was reported that Naura was starting research on lithography systems. [15]

Business lines

Naura has four business lines:

See also

Notes and References

  1. Web site: 2023 Annual Report . Sina.
  2. Web site: Hope . Arran . 3 February 2023 . China's top 10 semiconductor firms . 17 February 2024 . The China Project . en-US . 21 February 2024 . https://web.archive.org/web/20240221210843/https://thechinaproject.com/2023/02/03/chinas-top-10-semiconductor-firms/ . live .
  3. Web site: Wang . Shaobo . 22 March 2016 . Striving to become China's leading semiconductor equipment manufacturer via the acquisition of NMC . CITIC Securities . 17 February 2024 . 17 February 2024 . https://web.archive.org/web/20240217055919/https://img3.gelonghui.com/pdf201603/pdf20160323114942808.pdf . live .
  4. Web site: Chen . Gabby . 30 March 2023 . Chinese leading semiconductor equipment provider NAURA Technology sets up a new subsidiary in central China's Wuhan . 2024-02-17 . jw.ijiwei.com . 17 February 2024 . https://web.archive.org/web/20240217135704/https://jw.ijiwei.com/n/854674 . live .
  5. Web site: 16 March 2010 . China stocks up on small-cap buys; HK slips for 3rd day . Reuters . 17 February 2024 . 18 May 2021 . https://web.archive.org/web/20210518174401/https://www.reuters.com/article/markets-hongkong-china-stocks-idUSTOE62E07K20100315 . live .
  6. Web site: 27 July 2022 . 北方華創科技集團股份有限公司 . 17 February 2024 . MoneyDJ理財網.
  7. Web site: 23 February 2017 . Beijing Sevenstar Electronics changes company name to Naura Technology Group . Reuters.
  8. Web site: Fontanella-Khan . James . 18 January 2018 . First Chinese takeover of US group under Trump gets go-ahead . 17 February 2024 . www.ft.com . 17 February 2024 . https://web.archive.org/web/20240217062855/https://www.ft.com/content/ef0c7fb2-fbe7-11e7-9b32-d7d59aace167 . live .
  9. Web site: Pan . Che . 13 October 2022 . Exclusive China's top chip equipment maker asks American staff to step aside . 17 February 2024 . South China Morning Post . en . 16 February 2024 . https://web.archive.org/web/20240216212441/https://www.scmp.com/tech/tech-war/article/3195785/tech-war-chinas-top-chip-equipment-maker-removes-us-employees-product . live .
  10. Web site: PAn . Che . 25 October 2022 . Exclusive US said to start talks with Chinese chip equipment maker over new restrictions . 17 February 2024 . South China Morning Post . en . 17 February 2024 . https://web.archive.org/web/20240217064207/https://www.scmp.com/tech/tech-war/article/3197063/tech-war-us-officials-said-start-talks-chinese-chip-equipment-maker-naura-technology-group-over-new . live .
  11. Web site: Cao . Ann . 16 December 2022 . US ups the ante in chip war by adding leading Chinese chip firms to Entity List . 17 February 2024 . South China Morning Post . en . 17 February 2024 . https://web.archive.org/web/20240217062855/https://www.scmp.com/tech/tech-war/article/3203631/tech-war-washington-takes-another-swipe-chinas-tech-ambitions-adding-key-chip-and-ai-firms-trade . live .
  12. Web site: Harris . Dylan . 11 February 2023 . China's YMTC Cuts Equipment Purchases For NAND Flash Memory Chip Production By 70% - Tech News Space . 17 February 2024 . en-US . 17 February 2024 . https://web.archive.org/web/20240217064603/https://technewsspace.com/chinas-ymtc-cuts-equipment-purchases-for-nand-flash-memory-chip-production-by-70/ . live .
  13. Web site: Pan . Che . 16 January 2024 . US export controls lift sales of China's chip-tool giant Naura . 17 February 2024 . South China Morning Post . en . 17 February 2024 . https://web.archive.org/web/20240217065902/https://www.scmp.com/tech/tech-war/article/3248610/tech-war-chinese-chip-tool-giant-naura-forecasts-surge-2023-sales-strong-local-demand-amid-us-export . live .
  14. News: King . Ian . 15 February 2024 . China Chip Stocks Look Like Long-Term Winners to Wall Street . 17 February 2024 . . en . 15 February 2024 . https://web.archive.org/web/20240215133600/https://www.bloomberg.com/news/articles/2024-02-15/china-chip-stocks-look-like-long-term-winners-to-wall-street . live .
  15. Web site: Pan . Che . 2024-04-01 . Exclusive China quietly works to cut reliance on ASML’s most advanced machines . 2024-04-03 . South China Morning Post . en . 3 April 2024 . https://web.archive.org/web/20240403140712/https://www.scmp.com/tech/tech-war/article/3257442/tech-war-china-quietly-making-progress-new-techniques-cut-reliance-advanced-asml-lithography . live .

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