Zhonghuan Semiconductor and Zhejiang Jingsheng to build $3B silicon chip base in Wuxi

Tianjin Zhonghuan Semiconductor Co. and Zhejiang Jingsheng Mechanical & Electrical Co. signed an agreement with the Wuxi government to build an integrated circuit silicon wafer production base worth about USD 3 billion, with first-phase investment of USD 1.5 billion.

“The two signed an agreement with the government of Wuxi on Oct. 12 to develop wafer production projects used in integrated circuits, with investment of about USD3 billion.”www2.yicaiglobal.com

• 1 source
• www2.yicaiglobal.comZhejiang Jingsheng, Zhonghuan Semiconductor Will Jointly Build USD3 Billion Silicon Chip Production BaseDou ShicongOct 14, 2017

Summarized from public sources; check the original articles before acting on it.