Zhonghuan Advanced Semiconductor Materials Co starts construction on its second phase of the large-diameter silicon wafers for IC project in Yixing on May 8. [Photo/WeChat account: news-wuxixinwen]
Construction started on six key projects in Yixing Economic and Technological Development Zone on May 8.
With a total investment of 13.6 billion yuan ($2.1 billion), the six projects are focusing on industries like integrated circuits, new energy, electronic materials, and auto parts.
Zhonghuan Advanced Semiconductor Materials Co will invest $1.5 billion on the second phase of its large-diameter silicon wafers for IC project. The project's first phase had an investment of $3 billion. It started construction at the end of 2017 and began operation in September 2019. Its sales are expected to reach 2 billion yuan in 2021.
Huansheng New Energy Co will invest over 6 billion yuan expanding its production lines for solar cell modules. The project will be carried out in two stages. The first stage will be equipped with five smart production lines, while the second stage will add five more.
The company's total production capacity of high-efficiency shingled modules will reach 11 gigawatts by June 2022. Its annual sales will exceed 12 billion yuan, of which exports will account for more than 15 percent, according to its executives.
DK Electronic Materials, which was listed on the Shenzhen Stock Exchange in June 2020, will invest 468 million yuan of its raised money on the R&D and production of electronic materials.
The new plant will cover an area of 2.67 hectares and produce over 500 tons of various electronic materials annually after being put into operation in the first half of 2022.
