Zhejiang Jingsheng Mechanical & Electrical
| Company type | Public |
|---|---|
| Industry | Semiconductor equipment, Photovoltaic equipment |
| Founded | 2006 |
| Founder | Qiu Minxiu |
| Headquarters | Hangzhou , China |
Key people | Cao Jianwei (Chairman), He Jun (CEO) |
| Products | Equipment and materials for the semiconductor sector, Silicon carbide (SiC) ingot growth machinery |
Zhejiang Jingsheng Mechanical & Electrical (JSG; ) is a Chinese publicly traded enterprise that specializes in equipment and materials for the semiconductor sector, including Silicon carbide (SiC). The company provides solutions primarily for the semiconductor and photovoltaic markets.
Background
In 2005, Professor Qiu Minxiu from Zhejiang University's mechanical engineering department retired and spearheaded a collaborative initiative involving electromechanical firms and academic institutions such as Zhejiang University and Hangzhou Dianzi University to advance monocrystalline silicon technology. The establishment of JSG in 2006 aimed to bring this initiative to market.
JSG launched its initial public offering on the Shenzhen Stock Exchange on 11 May 2012.
In 2016, leadership transitioned when Qiu Minxiu resigned; her former pupil, Cao Jianwei, assumed the role of chairman, while her son, He Jun, was appointed CEO.
From 2017 onward, the company concentrated on developing SiC ingot growth machinery and refining related processes, achieving the successful fabrication of 6-inch and 8-inch SiC ingots and substrates.
JSG planned to collaborate with Applied Materials’ Hong Kong subsidiary to acquire its screen printing equipment operations in Italy. Nevertheless, in November 2021, Italian Prime Minister Mario Draghi intervened to block the transaction, citing national security concerns within the strategic semiconductor industry.