China News Agency, Shanghai, March 5th (Reporter Li Zhengzheng) Geke Microelectronics (Hong Kong) Co., Ltd. and the China (Shanghai) Pilot Free Trade Zone Lingang New Area (hereinafter referred to as Lingang New Area) Management Committee signed a cooperation on the 5th The agreement intends to invest in the "12-inch CIS integrated circuit characteristic process research and development and industrialization project" in Lingang New Area. The project is expected to invest US $ 2.2 billion (approximately 15.2 billion yuan). It is planned to start in the middle of this year and complete the first phase in 2021.
From the preliminary contact before the Spring Festival and the formal negotiation after the festival, in less than a month, the Lingang New Area Management Committee and Geke have negotiated a landing plan and signed an investment agreement. This is the second major project in Lingang to be implemented in the Lingang New Area after the implementation of a 20 billion RMB project in the “cloud signing” mode on February 13.
The "Overall Plan of Lingang New Area of China (Shanghai) Pilot Free Trade Zone" clearly states that Lingang New Area will establish cutting-edge industry clusters with key core technologies as a breakthrough. In terms of integrated circuits, it is to build a comprehensive integrated industrial base for integrated circuits, optimize the entire bonded bonded supervision model for imported materials, support multinational companies to set up offshore R & D and manufacturing centers, and promote the development of key areas such as core chips, special processes, key equipment and basic materials.
At present, Lingang has gathered a number of integrated circuit companies such as Jetta and Xinsheng, covering the entire industrial chain of design, manufacturing, packaging, testing, materials, and equipment. The Geco Microelectronics invested in the "12-inch CIS integrated circuit special process research and development and industrialization project" in Lingang New Area, on the one hand, it extends the company's own industrial chain and improves market competitiveness; on the other hand, it also helps Lingang new films The district perfects the integrated circuit industry ecology, drives the industrial agglomeration of integrated circuit materials, equipment, chip manufacturing and other areas in the new area, and promotes the increase of the industrial scale. (Finish)