Baiwei Storage (688525.SH) plans to invest 4.5 billion yuan to build the third phase of a wafer-level advanced sealing and testing manufacturing project

Zhitong Finance App News, Biwei Storage (688525.SH) issued an announcement. Based on the company's development strategy needs, in order to seize market development opportunities and enhance the company's market competitiveness and comprehensive strength, the company and holding subsidiary Guangdong Xincheng Hanqi (as the implementing entity for the first phase, phase II (“original project”) and phase III of the wafer-level advanced sealing and testing manufacturing project) intend to sign the “Phase III Cooperation Agreement for the Wafer-Level Advanced Packaging and Manufacturing Project” with the Dongguan Songshan Lake New Technology Industry Development Zone Management Committee. The total investment amount of the project is about 4.5 billion yuan (the final total investment amount is based on the actual investment). Of this, 4 billion yuan was invested in fixed assets (including investments in buildings, structures, ancillary facilities, equipment, etc.).

After the company's wafer-level advanced sealing and testing project is put into operation, it will strongly strengthen the competitive advantage of the Greater Bay Area in the global semiconductor industry pattern and inject new momentum into the high-quality development of China's integrated circuit industry. Guangdong Xincheng Hanqi relied on the project to enhance independent innovation capabilities, promote breakthroughs in key technologies for advanced semiconductor wafer-level packaging and testing, promote the industrialization and large-scale mass production of multi-chip system integrated packaging and storage and packaging technology, and promote supply chain security in the semiconductor industry chain.