Brothers Become Billionaires From Supplying Chemicals To China’s Semiconductor Industry
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- Shuangquan, the company’s 61-year-old chairman, and his 57-year-old brother Shunquan, who serves as CEO, own stakes of roughly 15% each.
- The Wuhan-based company is China’s key player in chemical mechanical polishing (CMP), a process to flatten the surface of silicon wafers so that circuits can be printed and chips can be stacked.
Learn more.This voice experience is generated by AI. Learn more.getty China’s push for self-sufficiency in semiconductor manufacturing has benefited companies across the supply chain. The latest to get a boost is Hubei Dinglong, which supplies materials essential for the chip making process. Its Shenzhen-listed shares have surged nearly 116% over the past year, propelling cofounders Zhu Shuangquan and Zhu Shunquan into the three comma club.
Shuangquan, the company’s 61-year-old chairman, and his 57-year-old brother Shunquan, who serves as CEO, own stakes of roughly 15% each. Forbes estimates the siblings are worth $1.3 billion apiece based on Friday’s closing price of 64.19 yuan. Hubei Dinglong didn’t respond to a comment request regarding the pair’s billionaire status.
The Wuhan-based company is China’s key player in chemical mechanical polishing (CMP), a process to flatten the surface of silicon wafers so that circuits can be printed and chips can be stacked. The company says it is China’s only supplier that covers the full range of CMP materials, from the semi-liquid known as slurries for flattening to the cleaning fluid for removing any residue after the process.