Konka Group

Konka Group has signed an agreement to build a semiconductor industrial park in Nanchang, Jiangxi province, with a total investment of CNY 30 billion (USD 4.5 billion). Construction will take place in two phases over 10 years.

Konka Group announced a plan to invest CNY 1.648 billion to build a new refrigeration home appliance industrial park and a smart home appliance production base in Xinxiang, Henan Province, China. The projects include a CNY 1.02 billion refrigeration park and a CNY 320 million smart home appliance base.

A subsidiary of Konka Group will invest CNY1 billion (USD142.3 million) in a memory chip project in Yancheng, Jiangsu province, China. The fixed-asset investment is CNY501 million.

Chinese home appliance giant Konka Group plans to build a CNY30 billion (USD4.4 billion) semiconductor and photoelectric industrial park in Chongqing's Bishan district. The first phase will involve investment of up to CNY7.5 billion.