Yuanjie Semiconductor Technology Co (SHA:688498) plans to invest about 1.25 billion yuan in the phase two project of its optoelectronic communication semiconductor chip and device research and development and production base.
Construction will take 18 months, according to a Tuesday filing with the Shanghai bourse.
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The project, located in Fengxi New Town, Shaanxi, aims to expand capacity in high-speed optical chips for data centers.
Shares of the chip manufacturer rose 1% in recent trade.
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