On July 27, the Wusheng Semiconductor IDM project with a total investment of US$3 billion (approximately RMB 20.99 billion) held a launching ceremony in Nanjing and announced that it would be located in Nanjing Economic and Technological Development Zone.
The project signed an investment agreement on June 5 this year. It is jointly invested and constructed by Hong Kong China Semiconductor Co., Ltd. and Taiwan Shin Kong International Group. It will adopt the IDM operation model with a total investment of US$3 billion. It will mainly build wafer fabs, packaging and testing plants, and IC design centers. Products include OLED display panel driver chips, silicon-based OLED display chips, and image sensor CIS chips.
Zhang Jialiang, chairman of China Semiconductor Co., Ltd. and Nanjing Wusheng Semiconductor Technology Co., Ltd., introduced that the main plant of the first phase of the project is planned to be officially started in Longtan New Town, Nanjing Economic and Technological Development Zone in October this year, and the first phase of the project is expected to be put into production in April 2022. After
the investment of the project is completed and fully put into production, it can achieve a monthly output of 40,000 12-inch wafers, with an annual output value of more than 6 billion yuan
. At the same time, it will also drive a number of semiconductor equipment factories and chip design companies to settle in Nanjing Economic and Technological Development Zone.
Deng Juewei, Vice Chairman and CEO of Nanjing Wusheng, said that as the country's first OLED chip production project adopting the IDM model (i.e. chip design + wafer manufacturing + chip packaging), its establishment in Nanjing Economic and Technological Development Zone will not only help accelerate the construction of the "full life cycle" advanced production line, but also provide an opportunity for my country's integrated circuit industry to overtake others.
It is reported that the implementation of this project is expected to break the monopoly of countries and regions such as South Korea and Taiwan in some areas of the semiconductor industry.
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