The first VAT refund form for an integrated circuit enterprise, issued by Xiamen Haicang to Silan Jike

Recently, the first tax income refund certificate for the end-of-period retained tax refund for an integrated circuit enterprise in Xiamen's Haicang District was issued, and Xiamen Silan JiKe Microelectronics became the first enterprise in the district to enjoy the benefits of this policy.

Xiamen Silan JiKe Microelectronics Co., Ltd. was jointly established by Xiamen Semiconductor Investment Group Co., Ltd. and Hangzhou Silan Microelectronics Co., Ltd., and invested 17 billion yuan to build two 12-inch specialty process wafer production lines in Haicang.

On October 18, 2018, Silan Xiamen's 12-inch specialty process chip production line and advanced compound semiconductor production line started construction in Haicang, Xiamen. This is the first 12-inch specialty process chip manufacturing production line and next-generation compound production line in China.

The first 12-inch specialty process semiconductor chip manufacturing production line project currently under construction by Silan has a total construction area of ​​about 250,000 square meters, with a total investment of 7 billion yuan, and will be completed in two phases. After the completion of the first phase of the project, the annual sales will exceed 1 billion yuan. After the completion of the second phase of the project, the annual gross production value is expected to reach 4 billion to 5 billion yuan.

On May 10, Silan Xiamen's 12-inch specialty process semiconductor chip project was officially powered on.

According to China Economic Net, Zhang Bingyi, financial manager of Xiamen Silan Jike Microelectronics Co., Ltd., said that due to the characteristics of the industry, the company's initial investment was huge. The total investment in the first phase of the first production line was 5 billion yuan, and the preparation period was relatively long, resulting in a substantial increase in the amount of retained VAT. This time, the nearly 90 million yuan of retained tax refund has eased our cash flow pressure and has more liquidity flexibility. We will continue to invest this part in fixed assets and plant construction. The company will move in equipment in late May. It is expected that the first phase of the first production line will be put into mass production by the end of this year and will be fully operational in 2022, with an estimated annual output value of 2 billion yuan.