Jiangfeng Electronics: Molybdenum target materials have received bulk orders, and the hot isostatic pressing equipment will be mass-produced

On December 4, Jiangfeng Electronics released the latest record of investor relations activities, stating that the company's raw materials are mainly high-purity aluminum, titanium, tantalum, copper, tungsten, etc. For the procurement of major raw materials, the company has established a stable raw material supply channel, formed a long-term and stable strategic partnership with major suppliers, and implemented procurement according to plan. For the procurement of other raw materials, the company usually selects 2-3 qualified suppliers and establishes multiple supply channels. In the early stages of the company's development, the main raw materials imported from abroad accounted for the main share of the total procurement amount, and the remaining raw materials were generally purchased domestically. At present, the company has achieved partial localization of ultra-high purity metal raw materials such as aluminum and titanium through the implementation of fundraising projects and the expansion and layout of the upstream raw material industry chain of its shareholding companies, thereby reducing product costs and enhancing the company's profitability and risk resistance.

Jiangfeng Electronics also stated that the characteristics of the sputtering target supply chain relationship are high entry barriers, long certification time, and strong stability. It requires years of technical research and industrial accumulation. Once it becomes a qualified supplier for downstream companies and realizes batch supply, the two parties will form a relatively stable long-term cooperative relationship. Usually, the company can receive customer orders about 2 months in advance.

Regarding the "400 tons of molybdenum sputtering target blanks for flat panel displays industrialization project", Jiangfeng Electronics said that according to the current situation, the "400 tons of molybdenum sputtering target blanks for flat panel displays industrialization project" is progressing smoothly. The company's molybdenum target materials have obtained batch orders and can start mass production after the hot isostatic pressing equipment is accepted. The company has always been driven by scientific and technological innovation and has kept up with the technological development of the semiconductor industry. It is currently moving forward steadily according to the established development strategy and plan, and will formulate future expansion plans based on actual conditions.

 In terms of CMP business, Jiangfeng Electronics said that the company has strong metal processing and mechanical processing capabilities, and can independently organize production through the reasonable allocation of machinery and production resources, and implement a rational production management model. In the manufacturing process of integrated circuit chips, PVD and CMP are very important process links. The company's CMP products mainly include CMP retainer rings, polishing pads, and activation disks. Its customers are basically the same as those of integrated circuit target materials. The company has introduced core talents who master the above technologies and markets to fully develop such products. At present, the sales of CMP products are in a trend of sustained growth.