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Hua Hong Grace Semiconductor and its unit Shanghai Huahong Grace Semiconductor will invest $1.04 billion and $1.08 billion respectively in Wuxi Huahong Grace Semiconductor (Phase III) Manufacturing Co, which plans to establish a 12-inch wafer production line with a monthly capacity of about 55,000 wafers.
“Chinese semiconductor products maker said it and its unit have teamed up with other parties to jointly invest in Wuxi Huahong Grace Semiconductor (Phase III) Manufacturing Co, in a move to enhance competitiveness and market position in the wafer foundry industry.”stockopedia.com
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