Brothers Become Billionaires From Supplying Chemicals To China’s Semiconductor Industry
Forbes Daily Briefing
Forbes
4.4 • 18 Ratings
🗓️ 24 May 2026
⏱️ 6 minutes
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| 0:00.0 | Today on Forbes, brothers become billionaires from supplying chemicals to China's semiconductor |
| 0:07.3 | industry. China's push for self-sufficiency in semiconductor manufacturing has benefited |
| 0:14.8 | companies across the supply chain. The latest to get a boost is Hube Dinglong, which |
| 0:20.6 | supplies materials essential for the chipmaking process. |
| 0:24.4 | Its Shen Gen listed shares have surged nearly 116% over the past year, |
| 0:31.1 | propelling co-founders Zhu Shuang Kuan and Zhu Shun Kwan into the three-coma club. |
| 0:38.9 | Shuang Kwan, the company's 61-year-old chairman and his 57-year-old brother Shun Kwan, |
| 0:45.2 | who serves as CEO, owns stakes of roughly 15% each. |
| 0:50.8 | Forbes estimates the siblings are worth $1.3 billion apiece based on last Friday's closing |
| 0:56.7 | price of just over 64 yuan. |
| 1:00.5 | Hubei Dinglong didn't respond to a comment request regarding the pair's billionaire status. |
| 1:06.9 | The Wuhan-based company is China's key player in chemical mechanical polishing, or CMP, |
| 1:13.6 | a process to flatten the surface of silicon wafers so that circuits can be printed and chips can be stacked. |
| 1:20.6 | The company says it is China's only supplier that covers the full range of CMP materials, |
| 1:25.6 | from the semi-liquid known as slurries for flattening, |
| 1:29.3 | to the cleaning fluid for removing any residue after the process. |
| 1:33.3 | Since the U.S. imposed chip-related export controls on China in 2022, |
| 1:38.3 | Dinglong has expanded into materials for lithography, |
| 1:42.3 | a major hurdle for China's self-reliance in semiconductors, |
| 1:45.8 | where ultraviolet light is used to print circuits onto silicon wafers. In lithography, Dinglong |
| 1:52.5 | manufacturers photo resist, a chemical that captures the circuit design, though its most advanced |
| 1:58.6 | products can only be used in lower-end chip manufacturing. |
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