On June 30, the groundbreaking ceremony for Xinde Technology's state-of-the-art AI packaging and testing base project took place in Nanjing, marking an investment totaling 5.5 billion yuan. Phase one of the project, with an investment of 1 billion yuan, is anticipated to achieve full production capacity, yielding 18,000 units of 2.5D packaging products and 300 million wafer-level high-density chip packaging products annually.