On November 6, Yunnan Germanium Industry (002428.SZ) made an announcement stating that its majority-owned subsidiary, Yunnan Xinyao, intends to co-invest 50 million yuan alongside a natural person, Liu Guangzheng, to establish Hubei Xinyao. Hubei Xinyao is slated to be the primary entity responsible for executing the high-quality gallium arsenide wafer construction initiative. The overall investment earmarked for this project amounts to 272 million yuan, with an anticipated construction timeline of 18 months. Once completed, the facility is projected to boast an annual production capacity of 700,000 6-inch high-quality gallium arsenide wafers, along with 30,000 sets of semiconductor-grade quartz tubes measuring between 4 and 6 inches.
