I'm LongbridgeAI, I can summarize articles.BASiC Semiconductor (HK:9971) signed a RMB193.3 million fixed-price contract to construct a silicon carbide module packaging production base in Shenzhen's Pingshan District. The project, covering approximately 59,000 square meters, will be funded via internal resources and bank loans. Classified as a discloseable transaction under Hong Kong listing rules, this expansion aims to enhance the company's manufacturing capabilities and competitive position in the silicon carbide segment.
An update from BASiC Semiconductor Co., Ltd. Class H ( (HK:9971) ) is now available.
BASiC Semiconductor has signed an engineering, procurement and construction contract to build a silicon carbide module packaging production line base in Pingshan District, Shenzhen, with a total floor area of about 59,000 square metres. The project will include production facilities, offices, dormitories and supporting structures on state-owned land already secured by the group.
The fixed-price contract, valued at RMB193.3 million, was awarded through a public tender and will be funded by internal resources and bank loans, with payments tied to construction milestones and a small quality retention. Classified as a discloseable transaction under Hong Kong listing rules, the investment marks a significant capacity expansion that could strengthen BASiC Semiconductor’s manufacturing capabilities and competitive position in the silicon carbide segment.
More about BASiC Semiconductor Co., Ltd. Class H
BASiC Semiconductor Co., Ltd. is a China-based semiconductor manufacturer focused on silicon carbide technologies, with operations including module packaging and related power electronics production. The company targets advanced power device applications and is expanding its manufacturing footprint in Shenzhen to support growing demand for silicon carbide solutions.
Average Trading Volume: 1,904,997
Current Market Cap: HK$16.52B
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