# Chengtian Weiye to invest USD98 million in semiconductor chip production base in Cixi

Chengtian Weiye Technology announced plans to invest CNY676 million (USD98.2 million) to build a semiconductor chip production base in Cixi high-tech industrial development zone, Zhejiang province, China. The base will produce chips for telecoms and financial payments.

- Type: New facility
- Announced: 2019-07-02
- Where: Cixi high-tech industrial development zone, Zhejiang province, China
- Value: $98.2M (676.0M CNY)
- Status: announced
- Products: semiconductor chips, SIM cards, financial IC cards, identity cards
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Chengtian Weiye Technology](https://endata.com/companies/40433.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chengtian-weiye-to-invest-usd98-million-in-semiconductor-chip-development-shares-soar), 2019-07-03: "Chengtian Weiye Technology announced plans to invest CNY676 million (USD98.2 million) to build a semiconductor chip production base."

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