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China Semiconductor Co., Ltd. and Xinguang International Investment Co., Ltd. signed an investment agreement with Nanjing Economic and Technological Development Zone for the Wusheng Semiconductor IDM project, with a total investment of $3 billion (RMB 21.24 billion). The project plans to produce 40,000 12-inch wafers per month for AMOLED display driver ICs, silicon-based OLED ICs, and CIS chips, with construction starting in Q4 2020.