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In August, Wuhan Tianyuan successfully finalized the acquisition of a 60% stake in Zhongxun Semiconductor (Jiangsu) Co., Ltd., marking its official foray into the realm of indium phosphide semiconductor materials. The acquisition deal was sealed at a price of 7.5 million yuan. Furthermore, Wuhan Tianyuan has earmarked an additional investment of 67 million yuan to facilitate equipment procurement, site development, and bolster working capital. Zhongxun Semiconductor already boasts production capabilities for 2-4 inch indium phosphide single crystal substrates, achieving a yield rate of around 30%. Presently, the company is making significant strides in the development of 6-inch substrates and the large-scale production of 4-inch substrates. Additionally, it has dispatched samples to several prominent semiconductor clients for evaluation.
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