Shanghai Huahong next year to build 12 inch chip factory investment of over $1 billion 500 million

Informed sources said Thursday, China Shanghai Huahong co. ltd intends to begin construction of its first 12 inch chip factory next year, the estimated total investment of $1 billion 500 million -16 billion dollars, which will be Chinese second 12 inch chip factory. Reuters reported that people familiar with the matter said, at present, the company's management team is actively looking for partners, the implementation of the construction funds needed to estimate the fastest next year in the 12 inch plant plan Huahong can start.

Another source said, in the application materials before vice president Wang Ningguo transferred to Huahong Group CEO, Huahong whole 12 inch plant construction plan began to accelerate.

Applied materials is the world's largest supplier of semiconductor equipment. Wang Ningguo has also served as Shanghai Huahong international company CEO and President, chairman and Huahong group and Japan NEC joint venture Shanghai Huahong NEC electronics ltd..

China's first 12 inch chip factory by the country's largest chip foundry core country in Beijing, has been put into operation.