China has established the Beijing Yandong Microelectronics (YDME) semiconductor company, destined to operate a 300mm fab that will cost around $4.6 billion to get up and running. BOE Technology will support the chipmaker, which will produce microelectronics on mature process technologies such as 28nm and above, reports the South China Morning Post.
This semiconductor industry project will be spearheaded by YDME, a state-owned company listed on Shanghai’s Star Market, which is set to control a 24.95% stake in the facility. BOE Technology, a leading display manufacturer and supplier to major brands like Apple, is also involved, contributing $277 million for a 10% ownership. Other significant participants include Beijing Yizhuang Investment, state-owned Capital Operation and Management, and ZGC Group, which will collectively invest $2.765 billion, with the rest funded through loans.
This project is pending approval from YDME shareholders and the Beijing State-owned Assets Supervision and Administration Commission, however, with expectations that the approvals will move forward to support the nation’s broader technology goals.
