ENTITY · changchuan
Hangzhou Changchuan Technology300604
China·test equipment·challenger·$24.8B mkt cap
Chinese test handler and tester maker.
WATCH · 40–69
57/100 illustrative
Underwriting Thesis
WATCH — Hangzhou Changchuan Technology: concentrated foreign-origin supply compounded by criticality to DoD-exposed downstream programs in test equipment. A chokepoint underwriting concern at this tier.
Factor Breakdown
Foreign-Origin Concentration100
Sole-Source Dependence58
Sanctions Exposure0
Downstream Criticality60
Sanctions Exposure
Entity not present on tracked screening lists (CSL).
DoD Exposure
No matched DoD semiconductor awards (USASpending) for this entity.
Shortest paths → DoD-exposed firms
- GlobalFoundries · 1 hop · $1.05BHangzhou Changchuan Technology → GlobalFoundries
- Marvell Technology · 2 hops · $184.3MHangzhou Changchuan Technology → ASE Technology → Marvell Technology
- Valens Semiconductor · 2 hops · $28.3MHangzhou Changchuan Technology → ASE Technology → Valens Semiconductor
- Scale AI · 3 hops · $105.6MHangzhou Changchuan Technology → SMIC → NVIDIA → Scale AI
Possible substitutes · same commodity buckets
Chokepoint Relationships
Key Suppliers · upstream · 0
No mapped upstream suppliers.
Key Customers · downstream · 8
- SMICChinaHostileADVERSARY
- ASE TechnologyTaiwanCHOKEPOINT
- TSMCTaiwanCHOKEPOINT
- Samsung ElectronicsSouth KoreaALLIED
- IntelUnited StatesDOMESTIC
- SK hynixSouth KoreaALLIED
- Micron TechnologyUnited StatesDOMESTIC
- GlobalFoundriesUnited StatesDOMESTIC