On August 25th, news surfaced indicating that Jinchen Stock is poised to ink an investment pact with the Administrative Committee of Jiangsu Nantong Suxitong Science and Technology Industrial Park. This strategic move involves a hefty investment of 1 billion yuan to kickstart a cutting-edge “Semiconductor Equipment R&D and Manufacturing Project.”

The project's blueprint encompasses the erection of state-of-the-art factories and the creation of high-caliber clean rooms. Moreover, it aims to set up a dedicated semiconductor equipment production and testing line, with a special focus on TGV glass-based packaging technology. Additionally, the initiative will propel the R&D and manufacturing validation of semiconductor-specific apparatus, such as ultrafast laser-induced modification equipment, into new heights.

Spanning a construction period of 36 months, the project's financial backbone will be fortified by the company's internal resources and self-raised funds, ensuring a robust and sustainable foundation for this technological leap.