China’s Huatian Gains by Limit on USD442 Million Plan to Boost Memory Packaging Capacity
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Tianshui Huatian Technology's shares surged 10% after announcing a CNY3 billion (USD442.2 million) investment to expand memory chip packaging capacity at its Nanjing plant. The project aims to increase capacity by 430 million chips annually, with expected annual net profits of CNY126 million (USD18.6 million) upon completion in May 2028. The expansion supports AI computing and strengthens the domestic semiconductor supply chain. Huatian Tech reported a net profit of CNY86.8 million (USD12.5 million) in Q1 2023, driven by strong demand and government subsidies.
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