(Yicai Global) Jan. 20 -- China's state-owned semiconductor giant Tsinghua Unigroup Ltd. plans to invest CNY260 billion (USD37.7 billion) to build a new plant and headquarters in Nanjing, Jiangsu province, focusing on the investment, research and development of information technologies.
The project of China's largest chip design company will help the country make significant advances in the mainstream memory sector after reports that the US is looking to curb Chinese investment in American semiconductor firms.
The new base's main products include 3D-NAND flash and DRAM memory chips, which are used to store data in smartphones and other devices, the subsidiary of state-owned Tsinghua Holdings Ltd. said. Around USD10 billion will be spent on the first phase of the project which will make 100,000 chips a month.
Tsinghua Unigroup Yunshu Technology Co., a Tsinghua Unigroup affiliate, will build the new headquarters committed to innovative research and globally promoting cloud service business models.
Last year, Tsinghua Unigroup acquired Wuhan Xinxin Semiconductor Manufacturing Corp., which boasts 12-inch integrated circuit technology. The company sought to take over leading US memory-chip maker Micron Technology Inc. in 2015, but the deal did not go through.