SANAN(SH:600703) Xin Lang Cai Jing·2025-12-31 15:54Core Insights - Sanan Optoelectronics has announced that its joint venture with STMicroelectronics, Anifa Semiconductor, has completed validation of several products and entered the risk mass production phase as of December 29, 2025 [2][11] - The establishment of Anifa Semiconductor in August 2023, with a registered capital of $612 million, aims to produce 8-inch silicon carbide wafers for automotive-grade control chips, with a total investment of 23 billion yuan [4][13] - The rapid progress of Anifa Semiconductor, achieving risk mass production within two years, is noted as highly efficient in the global semiconductor industry [5][13] Company Developments - Anifa Semiconductor is currently constructing a production line with an annual capacity of approximately 480,000 wafers, focusing on automotive applications [4][13] - Chongqing Chip Alliance has also completed the installation and debugging of a 12-inch integrated circuit production line, expected to enter risk mass production by June 2026, with a total investment of 14.5 billion yuan [14] - The 12-inch line will produce high-end chips, including automotive MCU chips and RF-SOI chips, with a monthly output of 20,000 wafers [14] Industry Context - The semiconductor industry in Chongqing is projected to exceed 100 billion yuan if both major projects reach full production [15] - The local automotive industry, particularly in smart connected vehicles, is a significant driver for semiconductor demand, with each vehicle requiring up to 3,000 chips [16] - Chongqing's semiconductor ecosystem is supported by over 50 companies, forming a complete industry chain from chip design to manufacturing [17] Innovation and Infrastructure - The Western (Chongqing) Science City has established a robust innovation system, including large scientific facilities and partnerships with local universities, to support the semiconductor industry's growth [18] - This innovation framework is seen as a model for other cities aiming for industrial upgrades, positioning Chongqing as a global semiconductor innovation hub [18]