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Beijing Huaton Chip Technology signed an agreement to build a third-generation compound semiconductor project in Shanghai Jinshan Industrial Zone. The project involves a total investment of 2.9 billion yuan ($410 million) and will produce GaAs and GaN chips for 5G base stations and radar.
“华通芯电第三代化合物半导体项目总投资29亿元,固定资产投资22.7亿元,计划用地50亩”semiunion.com
Summarized from public sources; check the original articles before acting on it.