Is Hua Hong Li Hong a state-owned enterprise or a central enterprise?

Hua Hong Li Hong is neither a state-owned enterprise nor a central enterprise.

Hua Hong Li Hong is a Sino-foreign joint venture jointly funded by Hua Hong Group and Li Hong Semiconductor, mainly engaged in R&D and integrated circuit chip manufacturing. Although Hua Hong Group and Li Hong Semiconductor have certain autonomy and independence in terms of capital contribution ratio, corporate governance and business decision-making, Hua Hong Li Hong has rich experience and advanced technology in the field of integrated circuit manufacturing and is one of the representative enterprises in China's integrated circuit industry.