Chinese chipmaker Fudan Microelectronics shrugs off impact of US sanctions

Chinese chipmaker Shanghai Fudan Microelectronics Group, which was blacklisted by the US government over the weekend, said its supply chain was resilient and that China was set to play a bigger role in tech innovation.

The company said in a statement issued on Saturday that it had always operated in a “lawful and compliant manner” and adhered to international rules.

Shanghai Fudan Microelectronics said it would remain “independent and controllable”, and continue to engage in “open collaboration” to promote semiconductor industry development with global partners.

“We believe that China’s technological innovations will demonstrate even bigger prospects on the global stage,” Shanghai Fudan Microelectronics said.

The company said the value of its “strategic reserves” of silicon wafers and other key raw materials had increased from about 600 million yuan (US$84.2 million) at the end of 2020 to 3.1 billion yuan in the first half of this year.

Since 2022, Shanghai Fudan Microelectronics has also diversified its supply chain and deepened coordination with partners at home and abroad, according to the company. These efforts have improved the company’s supply chain stability and risk resilience, ensuring continuous stable operations, it added.