AMEC Investing 3 Billion Yuan to Establish Subsidiary in Chengdu High-Tech Zone

MT Newswires Live

01-15

Advanced Micro-Fabrication Equipment China (SHA:688012), or AMEC, plans to establish a wholly-owned subsidiary, AMEC Chengdu, in the Chengdu High-Tech Zone in China's Sichuan province.

The total investment of 3.05 billion yuan from 2025 to 2030 will go towards building a research and development and production base, serving as the Southwest China headquarters, according to a Wednesday filing with the Shanghai bourse.

AMEC Chengdu will have a registered capital of 100 million yuan. It will target annual sales of 1 billion yuan by 2030, which would help boost the regional semiconductor industry chain.

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