# Siasun Robot plans CNY1.8B private placement for chipmaking device lines

Siasun Robot & Automation plans to raise CNY1.8 billion (USD260.7 million) in a private placement to build production lines for lean vacuum manipulators, automated materials handling systems and material control systems for semiconductor wafer fabrication.

- Type: Investment
- Announced: 2020-08-19
- Where: Shenyang, Liaoning, China
- Value: $260.7M (1.80B CNY)
- Status: announced
- Products: lean vacuum manipulators, automated materials handling systems, material control systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Siasun Robot and Automation Co Ltd](https://endata.com/companies/17784.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-siasun-robot-to-raise-usd2607-million-in-private-placement-for-chipmaking-devices), 2020-08-20: "Building these production lines means a lot in terms of breaking overseas firms' monopoly on technology and satisfying growing domestic demand."

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