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NAURA Technology Group Co., Ltd (Naura; ) is a
publicly listed A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (li ...
Chinese company that manufactures
semiconductor A semiconductor is a material with electrical conductivity between that of a conductor and an insulator. Its conductivity can be modified by adding impurities (" doping") to its crystal structure. When two regions with different doping level ...
chip production equipment. It is currently the largest semiconductor equipment manufacturer in China. According to CINNO Research, in 2024, Naura was the sixth largest semiconductor equipment manufacturer globally in terms of total sales.


History

In September 2001, Beijing Electronics Holdings, a government
SASAC The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the State Council of the People's Republic of China. It was founded in 2003 through the consolidation of various other indus ...
entity initiated the establishment of Beijing Sevenstar Electronics (Sevenstar Electronics). On 16 March 2010, the company held its
initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
on the
ChiNext ChiNext is a NASDAQ-style subsidiary of the Shenzhen Stock Exchange. The first batch of firms started trading on ChiNext on October 30, 2009. ChiNext aims to attract innovative and fast-growing enterprises, especially high-tech firms. Its listi ...
of
Shenzhen Stock Exchange The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...
. It was the biggest gainer for mainland China stocks on that day where its initial price of 33 yuan per share jumped 79% percent to 59 yuan. In 2016, Sevenstar Electronics acquired Beijing North Microelectronics (NMC) from its parent, Beijing Electronics Holdings. NMC specialized in Silicon
etching Etching is traditionally the process of using strong acid or mordant to cut into the unprotected parts of a metal surface to create a design in intaglio (incised) in the metal. In modern manufacturing, other chemicals may be used on other type ...
and
Physical vapor deposition Physical vapor deposition (PVD), sometimes called physical vapor transport (PVT), describes a variety of vacuum deposition methods which can be used to produce thin films and coatings on substrates including metals, ceramics, glass, and polym ...
(PVD) equipment. On 24 February 2017, after the company restructured following its acquisition, it was renamed to NAURA Technology Group. In January 2018, the
Committee on Foreign Investment in the United States The Committee on Foreign Investment in the United States (CFIUS, ) is an inter-agency committee in the United States government that reviews the national security implications of foreign investments in the U.S. economy. CFIUS, led by the U.S ...
(CFIUS) approved Naura's purchase of Akrion Systems, a Pennsylvania-based rival that was a supplier of advanced
wafer A wafer is a crisp, often sweet, very thin, flat, light biscuit, often used to decorate ice cream, and also used as a garnish on some sweet dishes. They frequently have a waffle surface pattern but may also be patterned with insignia of the foo ...
surface preparation technology. This was the first takeover of an American company by a Chinese one that was approved since
Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party (United States), Republican Party, he served as the 45 ...
became
President of the United States The president of the United States (POTUS) is the head of state and head of government of the United States. The president directs the Federal government of the United States#Executive branch, executive branch of the Federal government of t ...
. Prior to that the
Trump administration Presidency of Donald Trump may refer to: * First presidency of Donald Trump, the United States presidential administration from 2017 to 2021 * Second presidency of Donald Trump, the United States presidential administration since 2025 See also * ...
had blocked all Chinese acquisitions of US target companies as a result of the
China–United States trade war An economic conflict between China and the United States has been ongoing since January 2018, when U.S. president Donald Trump began Tariffs in the first Trump administration, imposing tariffs and other trade barriers on China with the aim of fo ...
. In October 2022, Naura told its American employees in China to stop taking part in R&D activities to comply with the United States New Export Controls on Advanced Computing and Semiconductors to China. Naura stated its subsidiary, Beijing Naura Magnetoelectric Technology was on the
Bureau of Industry and Security The Bureau of Industry and Security (BIS) is an agency of the United States Department of Commerce that deals with issues involving national security and high technology. A principal goal for the bureau is helping stop the proliferation of weap ...
unverified list although it accounted for only 0.5% of the company's annual revenue. Its share price dropped 20% that week. A week later, US trade officials from American embassy in Beijing held talks with executives of Naura. In December 2022, Beijing Naura Magnetoelectric Technology was removed from the Bureau of Industry and Security unverified list after their bona fides were able to be verified. In February 2023,
Yangtze Memory Technologies Yangtze Memory Technologies Corp. (YMTC) is a Chinese semiconductor integrated device manufacturer specializing in flash memory (NAND) chips. Founded in Wuhan, China, in 2016, with government investment and a goal of reducing the country's depen ...
reduced its equipment purchase orders by 70% from Naura. The cancellation orders stated in October 2022 which was around the same time the US export controls came into effect. In January 2024, Naura stated it expected its 2023 revenue to increase by around half from a year earlier as its technology developments allowed it fulfil local demands and gain a greater market share in the country. In February 2024,
Bloomberg News Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg T ...
reported that Naura was one of the top investment picks among
Wall Street Wall Street is a street in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway (Manhattan), Broadway in the west and South Street (Manhattan), South Str ...
firms such as
Barclays Barclays PLC (, occasionally ) is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services ...
and Sanford C. Bernstein. A company comparable to
Applied Materials Applied Materials, Inc. is an American corporation that supplies equipment, services and software for the manufacture of semiconductor (integrated circuit) chips for electronics, flat panel displays for computers, smartphones, televisions, and ...
, it would be able to fulfill local market demands in China and fill the void left by foreign firms being unable to continue doing business due to geopolitical restrictions. In April 2024, it was reported that Naura was starting research on
lithography Lithography () is a planographic method of printing originally based on the miscibility, immiscibility of oil and water. The printing is from a stone (lithographic limestone) or a metal plate with a smooth surface. It was invented in 1796 by ...
systems. In September 2024, Taiwanese authorities accused eight mainland Chinese technology companies which included Naura of illegally poaching talent from Taiwan. Naura denied poaching local workers and stated its office in Taiwan operated in accordance with local laws and regulations. In December 2024, Naura was targeted in a new round of US
export controls An export in international trade is a goods, good produced in one country that is sold into another country or a Service (business), service provided in one country for a national or resident of another country. The seller of such goods or t ...
and added to the United States Department of Commerce's
Entity List The Entity List is a trade restriction list published by the United States Department of Commerce's Bureau of Industry and Security (BIS), consisting of certain foreign persons, entities, or governments. It is published as Supplement 4 of Part ...
. On 10 March 2025, Naura announced it would acquire a 9.49% stake in Kingsemi for CNY1.69 billion making it the largest shareholder in the company.


Business lines

Naura has four business lines: * Semiconductors (
plasma etching Plasma etching is a form of plasma processing used to fabricate integrated circuits. It involves a high-speed stream of glow discharge (Plasma (physics), plasma) of an appropriate gas mixture being shot (in pulses) at a sample. The plasma source, ...
, PVD, CVD, oxidation/diffusion, cleaning system, and annealing) * Vacuum technology (
heat treatment Heat treating (or heat treatment) is a group of industrial, thermal and metalworking processes used to alter the physical, and sometimes chemical, properties of a material. The most common application is metallurgical. Heat treatments are a ...
,
crystal growth Crystal growth is a major stage of a crystallization, crystallization process, and consists of the addition of new atoms, ions, or polymer strings into the characteristic arrangement of the crystalline lattice. The growth typically follows an ini ...
and magnetic material) *
Lithium battery Lithium battery may refer to: * Lithium metal battery, a non-rechargeable battery with lithium as an anode ** Lithium–air battery ** Lithium–iron disulfide battery ** Lithium–sulfur battery ** Nickel–lithium battery ** Rechargeable li ...
equipment * Precision components (
resistor A resistor is a passive two-terminal electronic component that implements electrical resistance as a circuit element. In electronic circuits, resistors are used to reduce current flow, adjust signal levels, to divide voltages, bias active e ...
s,
capacitor In electrical engineering, a capacitor is a device that stores electrical energy by accumulating electric charges on two closely spaced surfaces that are insulated from each other. The capacitor was originally known as the condenser, a term st ...
s, crystal devices, and module power supplies)


See also

*
Semiconductor industry in China The Chinese semiconductor industry, including integrated circuit design and manufacturing, forms a major part of mainland China's information technology industry. China's semiconductor industry consists of a wide variety of companies, from integ ...
*
Applied Materials Applied Materials, Inc. is an American corporation that supplies equipment, services and software for the manufacture of semiconductor (integrated circuit) chips for electronics, flat panel displays for computers, smartphones, televisions, and ...


References


External links

* {{SZSE 100 Index 2001 establishments in China 2010 initial public offerings Manufacturing companies based in Beijing Companies listed on the Shenzhen Stock Exchange Electronics companies established in 2001 Equipment semiconductor companies Government-owned companies of China Semiconductor companies of China Companies in the CSI 100 Index 2001 in Beijing