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Shanghai Woodson Electronics Technology Group, with China Semiconductor and Shin Kong Global Venture Capital, will build a semiconductor project in Nanjing, China, including a fab, packaging/test facility, and IC design center. Total investment is $3 billion.
“Construction of the first phase will start from October this year and is expected to be put into production in April next year, with a monthly output of 40,000 12-inch wafers.”english.jschina.com.cn
Summarized from public sources; check the original articles before acting on it.