Galaxy Microelectronics (688689.SH) plans to invest 1,078 billion yuan in high-end core device industrialization and innovation capacity building projects

Zhitong Finance App News, Galaxy Microelectronics (688689.SH) announced that in order to improve the production, processing and manufacturing capacity of the company's integrated circuit discrete device products and expand the production scale of integrated circuit discrete device products, the company plans to invest 1,078 billion yuan to implement the “High-end Core Device Industrialization and Innovation Capacity Building Project” with a construction period of 3 years.

The implementation of the project is in line with the company's overall development strategy. Its implementation will help the company enrich its product range, expand the company's product market coverage, create new revenue growth points for the company, improve the company's profitability and competitiveness, and help the company improve its product supply capacity and system solution delivery capabilities, deepen cooperative relationships with upstream and downstream enterprises, and consolidate and enhance its market position, which is of great significance in promoting the company's long-term stable development.