Chinese 12-inch Wafer King Eswin Rises on USD1.8 Billion Factory Plan in Wuhan
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Eswin Material Technology, China's largest mainland producer of 12-inch semiconductor silicon wafers, announced a USD1.8 billion investment to build a new wafer plant in Wuhan. The facility will have a monthly capacity of 500,000 wafers for advanced integrated-circuit manufacturing. Eswin's shares rose nearly 5% intraday but closed 1.2% lower. The project will enhance Eswin's capacity and competitiveness, with the company holding 82.4% of the joint venture. Eswin's IPO on Shanghai's Star Market saw shares surge 362% intraday.
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