English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 16 February 2017, 12:26 HKT/SGT

Source: Hua Hong Semiconductor
Hua Hong Semiconductor Doubles its Financial IC Card Chips Shipment in 2016

HONG KONG, Feb 16, 2017 - (ACN Newswire) - Hua Hong Semiconductor Limited ("Hua Hong Semiconductor" or the "Company", together with its subsidiaries, the "Group"; stock code: 1347.HK), a global leading pure-play 200mm foundry, today announced that its financial IC card chips shipment has more than doubled in 2016, up to about 200 million, including chips for bank IC cards, as well as social security and health cards with financial payment function.

Compared with traditional magnetic cards, financial IC cards featuring an embedded chip for data storage deliver such features as high security, large memory and versatility, which will gradually replace traditional magnetic cards. Now, the People's Bank of China is vigorously promoting the EMV (Europay, MasterCard and Visa) migration. In 2015, total shipment of locally fabricated bank IC cards was about 6 million, less than 1% of the market capacity. As the local chip makers improved their technologies and acquired regulatory approval for their products, localization of bank IC cards had gained the initial momentum in 2016. As anticipated, locally produced chips will make bigger contribution to China's financial IC card segment in 2017.

A celebrated Chinese IC manufacturer with a proven track record of 20 years, Hua Hong Semiconductor possesses proven 0.13/0.11um Embedded Non-Volatile Memory (eNVM) process technologies that feature outstanding stability, reliability and radiation resistance, as well as low power. Building upon its process expertise, the Company stays on course of technical upgrade and innovation, introducing the more advanced 90nm eNVM process for reduced die size to deliver more leading and competitive solutions to customers. In 2016, the financial IC cards produced on Hua Hong Semiconductor's eNVM process platform acquired the prestigious CC EAL5+ and EMVCo security certificates as well as MasterCard CQM certification, proving that the Company's process for financial IC card chip and security management system have reached the internationally advanced level and gained worldwide recognition, laying a solid foundation for the Company to tap potentials in the local and international financial market.

"Remaining focused on financial IC cards for years, Hua Hong Semiconductor has shaped a 'Made in China' brand that delivers the unique benefits of technology plus quality service." Said Mr. Fan Heng, Executive Vice President of Hua Hong Semiconductor, "Building upon our advanced specialty eNVM process technology and constant pursuit of highest-quality chips for financial IC cards, we will embrace the market opportunities to deliver excellent and secure services to our partners in the local and international financial sector with robust and quality chips, and bring the 'Made in China' financial IC card chips to worldwide."

Topic: Press release summary
Sectors: Electronics, Daily Finance, Daily News
From the Asia Corporate News Network

Copyright © 2017 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Hua Hong Semiconductor Releated News
Nov 3, 2017 10:02 HKT/SGT
Nov 3, 2017 10:00 HKT/SGT
Nov 3, 2017 09:58 HKT/SGT
Hua Hong Semiconductor and SinoMCU Co-Released the First MCU Based on 95nm OTP Process Platform
Aug 30, 2017 12:35 HKT/SGT
华虹半导体力推95纳米eNVM工艺平台 制胜8位MCU市场
Aug 30, 2017 12:33 HKT/SGT
華虹半導體力推95納米eNVM工藝平台 制勝8位MCU市場
Aug 30, 2017 12:31 HKT/SGT
Hua Hong Semiconductor to Make a Hit in the 8-bit MCU Market with Its 95nm eNVM Process Platform
Mar 30, 2017 13:08 HKT/SGT
Mar 30, 2017 13:06 HKT/SGT
Mar 30, 2017 13:05 HKT/SGT
Hua Hong Semiconductor Power Discrete Platform Crosses the 5-Million Wafer Shipment Mark
Feb 16, 2017 12:26 HKT/SGT
More news >>
Copyright © 2017 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: