Piotech plans hefty sales, eye­ing IPO

Ex­perts say the re­vi­tal­iza­tion of China’s north­east de­pends on in­no­va­tive in­dus­try

China Daily (USA) - - BUSINESS - ByWUYONGand LIU CE in Shenyang Con­tact the writ­ers at wuy­ong@chi­nadaily.com.cn and li­uce@chi­nadaily.com.cn

Piotech Co Ltd, China’s lead­ing nano-scale semi­con­duc­tor equip­ment man­u­fac­turer, ex­pects this year’s sales to dou­ble, reach­ing 90 mil­lion yuan ($13.57 mil­lion), ac­cord­ing to a se­nior of­fi­cial from the com­pany.

Chien Chi­ang, chair­man and founder of Piotech, told China Daily that an­nual sales will con­tinue high-speed growth this year and that the com­pany plans to go pub­lic in three years.

Piotech, based in the in­dus­trial base of north­east­China’s Liaon­ing prov­ince, makes plasma en­hanced chem­i­cal va­por de­po­si­tion equip­ment used to man­u­fac­ture nanoscale semi­con­duc­tors.

It was es­tab­lished by a group of re­turn­ing in­ter­na­tional tech­nol­ogy vet­er­ans, along with the Chi­nese Academy of Sci­ences, al­most 10 years ago.

The com­pany de­vel­ops in­no­va­tive ad­vanced PECVD equip­ment to help global semi­con­duc­tor man­u­fac­tur­ers build in­te­grated cir­cuit de­vices. Its PECVD prod­uct has been qual­i­fied for pro­duc­tion by two China-based foundries — Semi­con­duc­tor Man­u­fac­tur­ing In­ter­na­tional Cor­po­ra­tion and Wuhan Xinxin Semi­con­duc­tor Man­u­fac­tur­ing Cor­po­ra­tion.

“Piotech’s equip­ment is as good as its in­ter­na­tional coun­ter­parts even though it is a new player in the field. We are ex­pect­ing to work

Zhang Zhan­bin,

re­searcher at the Re­vi­tal­iz­ing North­east China Academy closer with the com­pany,” said Zhang Xin, vice-pres­i­dent of SMIC, the largest and most ad­vanced foundry in China.

More­over, Chi­ang dis­closed that the com­pany will move to a new plant this Oc­to­ber and ex­pand an­nual pro­duc­tion ca­pac­ity up to 300 sets. Piotech will de­velop next-gen­er­a­tion prod­ucts in the new­plant.

The con­struc­tion of 150mil­lion-yuan new fac­tory is also some­what iconic of the com­pany’s promis­ing fu­ture and China’s two tril­lion yuan semi­con­duc­tor mar­ket.

In fact, due to Piotech’s great po­ten­tial, China In­te­grated Cir­cuit In­dus­try In­vest­ment Fund Co Ltd, to­gether with two other com­pa­nies, in­vested 270 mil­lion yuan in the com­pany late last year.

Piotech is only one of the promis­ing com­pa­nies in the Shenyang High-tech Devel­op­ment Zone. A source from the lo­cal gov­ern­ment shows that it houses 136 high-tech com­pa­nies, in­clud­ing Si­a­sun Ro­bot & Au­toma­tion Co, Neu­soft Med­i­cal Sys­tems Co Ltd and Liaon­ing Chengda Bio­phar­ma­ceu­ti­cal Co Ltd. Lo­cal author­i­ties an­nounced that the zone will fo­cus on IC equip­ment, ro­botic and in­tel­li­gent man­u­fac­tur­ing and civil avi­a­tion.

“Our high-tech com­pa­nies are the in­no­va­tion en­gine of the city. They are not so big at present, but rep­re­sent the trend of the fu­ture,” said Lyu Fan from the devel­op­ment zone.

Shenyang is the tra­di­tional man­u­fac­tur­ing base of China with the great ad­van­tage of abun­dant tech­ni­cal work­ers and an in­dus­trial cul­ture. Its me­chan­i­cal in­dus­try con­trib­uted al­most half of in­dus­trial out­put last year.

“The key to re­vi­tal­iz­ing the old north­east­ern in­dus­trial base is tak­ing full ad­van­tage of man­u­fac­tur­ing in­dus­try, es­pe­cially by co­op­er­at­ing with Ger­many to build a high-tech man­u­fac­tur­ing base,” said Zhang Zhan­bin, a re­searcher at the Re­vi­tal­iz­ing North­east China Academy.

The key to re­vi­tal­iz­ing the old north­east­ern in­dus­trial base is tak­ing full ad­van­tage of man­u­fac­tur­ing in­dus­try, es­pe­cially by co­op­er­at­ing with Ger­many to build a high-tech man­u­fac­tur­ing base.”

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