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Agreement signed on new chip manufacturing plant in Jinshan

Jun 22, 2020

Shanghai Xinjinshan Industrial Investment Development Co Ltd signed an agreement with a Beijing-based tech company on Friday to set up a third generation compound semiconductor chip manufacturing plant in Jinshan District.

With a total investment of 2.9 billion yuan (US$408.45 million), the plant will be set up in two phases. After completion, its products will be used for base stations of fifth generation communications, radar and microwave areas.

The signing ceremony in Jinshan was held online as Beijing has stepped up measures amid resurgence of the novel coronavirus outbreak in the Chinese capital.