# Mi Technovation to invest USD 30M in power module facility in Hangzhou

Mi Semiconductor Pte. Ltd., a subsidiary of Mi Technovation Berhad, signed an investment agreement to invest USD 30 million in a research, development and manufacturing facility for power modules and devices in Xiaoshan, Hangzhou City, China.

- Type: Investment
- Announced: 2023-10-19
- Where: Xiaoshan, Hangzhou City, China
- Value: $30.0M
- Status: announced
- Products: power modules, power devices
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Mi Technovation Berhad](https://endata.com/companies/73839.md)
- [Mi Semiconductor Pte. Ltd.](https://endata.com/companies/73840.md)

## Sources

- [miequipment.listedcompany.com](https://miequipment.listedcompany.com/news.html/id/2463146), 2023-10-19: "The Board of Directors of Mi Technovation Berhad wishes to announce that Mi Semiconductor Pte. Ltd. had on 19 October 2023, entered into an investment agreement with Xiaoshan Economic and Technological Development Zone Administration Committee to invest in a research, development and manufacturing f"

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