BEIJING, Jan. 3 (Xinhua) -- Shanghai Huali Microelectronics Co’s new 38.7 billion yuan (US$5.6 billion) wafer plant broke ground in the city on December 30, 2016.
Huali’s wafer plant, located in Kangqiao in the Pudong New Area, will manufacture chips adopting the most advanced technology on the Chinese mainland that will be widely used in smartphones and other devices.
The plant will start production in 2018 with a capacity of 10,000 units each month. By 2022, the company expects to ramp up to full capacity of about 40,000 units monthly, according to Huali, a subsidiary of state-owned Huahong Group.
Revenue in Shanghai’s semiconductor industry is expected to be 200 billion yuan in 2020. The huge investment in plants and the city’s special integrated fund of 50 billion yuan are expected to help achieve the target, said the Shanghai Municipal Commission of Economy and Information Technology yesterday.
By 2020, 55 percent of the world’s memory, logic and analog chips are set to flow to or through China, which now produces 15 percent of the chips, said research firm Bain. (Shanghai Daily)
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