# XMC starts second-phase expansion project with $1.78B investment

Wuhan Xinxin (XMC) launched its second-phase expansion project in the East Lake High-tech Zone, with a total investment of $1.78 billion. The project aims to capture opportunities in IoT and 5G applications.

- Type: Expansion
- Announced: 2018-08-28
- Where: Wuhan, East Lake High-tech Zone, China
- Value: $1.78B
- Status: announced
- Products: IoT chips, 5G chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Wuhan Xinxin Semiconductor Manufacturing](https://endata.com/companies/33988.md)

## Sources

- [wehdz.gov.cn](https://www.wehdz.gov.cn/2022/ggxw_68627/ggxw_68629/202111/t20211117_1838818.html), 2018-08-29: "武汉新芯二期扩产项目启动，总投资17.8亿美元"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.