The 1 billion 500 million main investment floor, Australia Shunchang and the core technology to set up a joint venture company

Australia Shunchang intends to Hongkong core technology Co. Ltd. (Impower Technology Limited) in Huaian City, Jiangsu Province, the joint venture initiated the establishment of "Jiangsu Australia Shunchang integrated circuit Limited by Share Ltd" (tentative name, eventually approved by the company registration authority shall prevail) as the main implementation of the project, the implementation of the integrated circuit chip project in Huaian Qinghe District, the construction of a 8 inch chip production line investment, a total investment of 1 billion 500 million yuan, the main R & D and manufacturing of silicon based materials to produce IGBT and Super junction, while the development of wide band gap semiconductor device production of silicon carbide materials. The announcement also said that the expected investment of 1 billion 500 million yuan, will be completed in the next 1-2 years, the project is expected to be completed after the annual sales of more than $2 billion.

According to the announcement said, intends to invest in this set up another shareholder of Shunchang integrated core energy science and Technology Co Ltd (ImpowerTechnologyLimited) is a limited company registered in Hongkong, capital of HK $10000, the executive director and the actual controller Mr. CHENJOHN received a doctor of electronic system engineering of the University of Southern California in 1993, is the world's advanced Multi-Level-Cell (MLCflashmemory) high density flash silicon chip technology inventor and pioneer, contributed to the rapid development of high capacity mobile storage applications.

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