(Yicai Global) Nov. 8 -- Xiamen Changelight plans to invest nearly CNY1.6 billion (USD230 million) in its hometown, Xiamen, to build a semiconductor factory.
The plant will make vertical-cavity surface-emitting lasers, high-end light-emitting diode chips and other semiconductor products, the Fujian province-based firm said in a statement yesterday.
The project will promote the localization of high-end visible light semiconductors and reduce the cost of raw materials in terminal products, Changelight said.
Construction is expected to take 22 months after starting in the first half of next year and enter operations in 2021, the statement added. It forecasts the factory to be operating in full swing in 2022