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On February 11th, Jinhaitong unveiled its ambitious strategy to allocate an investment of no more than 400 million yuan in Huaxin Town, Qingpu District, Shanghai, for the purpose of constructing the 'Shanghai Lanbo Semiconductor Equipment Manufacturing Center'. This state-of-the-art project seamlessly blends production, research and development, and comprehensive office functionalities, sprawling across a total area not exceeding 55,000 square meters. It encompasses the construction of production workshops and the procurement of cutting-edge equipment, with the overarching goal of establishing a premier semiconductor equipment production and operational hub. Having received the green light from the board of directors, the project is slated for a 36-month construction timeline and is presently in its nascent preparatory phase.
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