Hangzhou Lion Electronics (SHA:605358) will invest 1.23 billion yuan in a new semiconductor project in Jiaxing's Nanhu High-Tech Park, according to a Monday filing with the Shanghai bourse.
The company aims to produce 960,000 silicon epitaxial wafers annually. A wholly owned subsidiary has been set up for the project, with a construction timeline of 5-8 years. The deal awaits final agreements.
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