By Xinmei Shen

Copyright scmp

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.
Established in 1998, Shanghai Fudan Microelectronics specialises in semiconductor products such as security and identification chips, and field programmable gate arrays, or FPGAs. It also operates a subsidiary, Sino IC Technology, that provides “known good die” testing of wafers.
It was among 23 Chinese companies that on Saturday were added to Washington’s Entity List, which restricts their access to certain US technologies. The US Commerce Department’s Bureau of Industry and Security (BIS) alleged that Shanghai Fudan Microelectronics and its affiliates in China, Singapore and Taiwan had supported China’s military modernisation and supplied technology to the Russian military.
Shortly after the Chinese firms were sanctioned by the US on Saturday, China’s Ministry of Commerce announced an anti-dumping probe into imported American analogue chips, and launched an “anti-discrimination investigation” into Washington’s export controls over China’s semiconductor industry.
Last year, revenues for Shanghai Fudan Microelectronics grew 1.53 per cent year on year to 3.59 billion yuan, but net profit plunged 20.42 per cent to 573 million yuan, according to its latest annual report.
The firm’s Hong Kong-listed shares fell 3.77 per cent on Monday, while its Shanghai-listed shares gained 1.28 per cent.