# Konka subsidiary invests CNY1 billion in memory chip project in Yancheng

A subsidiary of Konka Group will invest CNY1 billion (USD142.3 million) in a memory chip project in Yancheng, Jiangsu province, China. The fixed-asset investment is CNY501 million.

- Type: Investment
- Announced: 2019-11-26
- Where: Yancheng, Jiangsu province, China
- Value: $142.3M (1.00B CNY)
- Status: announced
- Products: memory chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Konka Group](https://endata.com/companies/40005.md)

## Sources

- [www2.yicaiglobal.com](https://www2.yicaiglobal.com/news/china-konka-to-put-usd1423-million-into-third-chip-plant-to-fuel-transformation), 2019-11-26: "Konka's subsidiary penned a cooperation agreement with the city of Yancheng in Jiangsu province regarding the project with a fixed-asset investment of CNY501 million."

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