TIANJIN, July 13 (Xinhua) -- The main building construction of a plant of Linxens, a leading technology company headquartered in France, has recently been completed in north China's Tianjin Municipality, according to local authorities.
This is the 11th plant set up by the company around the world, with a total investment of 2.1 billion yuan (about 300 million U.S. dollars).
The plant project was constructed in two phases. The annual sales revenue in the first phase is expected to reach 1.5 billion yuan when the plant goes into mass production.
The company's product solutions are mainly used in intelligent security chips and other fields. China's leading chipmaker, Tsinghua Unigroup, invested 18 billion yuan to acquire 100 percent of the stakes of the company in 2018. Enditem
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