Bankrupt CIS Fab is Up for Sale

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Yangtze Evening News, OFweek, EET-China: As has been reported earlier, Huaian Imaging Device Manufacturer (HIDM) went bankrupt scrapping a total investment of 45 billion yuan and ambitious plans to produce 240,000 12-inch CIS wafers per year.

Now, the entire assets of HIDM will be auctioned. The starting price is 1.66 billion yuan. According to the auction list, the overall assets of HIDM in this auction include 19 buildings such as production and office buildings, as well as 171,265.90 sq.m of industrial land, as well as machinery and equipment, electronic equipment, vehicles, raw materials, and other items.

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