Tianshui Huatian Sets Up USD16-Million Semiconductor Support Subsidiary

Tianshui Huatian Sets Up USD16-Million Semiconductor Support Subsidiary

Tang Shihua

Date: Tue, 04/03/2018 - 11:04 / source:Yicai
Tianshui Huatian Sets Up USD16-Million Semiconductor Support Subsidiary
Tianshui Huatian Sets Up USD16-Million Semiconductor Support Subsidiary

(Yicai Global) April 3 -- Tianshui Huatian Technology Co. has invested CNY100 million (USD16 million) to form a wholly-owned unit to aid in developing its integrated circuit business.

The subsidiary, based in Baoji High-Tech Industry Development Zone in China’s northwestern Shaanxi province, will make and sell semiconductor lead frames and packaging test equipment, Gansu province-based Tianshui Huatian, the biggest integrated circuit testing and packaging services provider in western China, said yesterday.

The new company will serve as an adjunct to the company’s existing business, per the announcement.

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Keywords: investment, subsidy, Semiconductor Packaging