# Sanan Optoelectronics to invest CNY 16 billion in third-gen chip factory in Changsha

Sanan Optoelectronics will build a CNY 16 billion (USD 2.3 billion) factory in Changsha, China, for third-generation semiconductors (SiC, GaN). The first phase will take two years, the second phase within four years.

- Type: Investment
- Announced: 2020-06-16
- Where: Changsha, China
- Value: $2.30B (16.0B CNY)
- Status: announced
- Products: third-generation semiconductors (SiC, GaN)
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Sanan Optoelectronics](https://endata.com/companies/23824.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-sanan-to-pour-usd23-billion-into-third-gen-chip-project-), 2020-06-17: "Sanan Optoelectronics will build a CNY16 billion (USD2.3 billion) factory in the Chinese city of Changsha to meet high demand for third-generation chips."

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