Chinese information security solutions developer and telecom chip maker Nationz Technology (300077.SZ) recently announced an agreement with the municipal government of Qionglai in Chengdu for the construction of an RMB 8 bln "National Tiancheng Chemical Compound and Semiconductor Eco-Industrial Park." The project, which will be undertaken by Nationz Technology's wholly owned subsidiary Nationz Investment, is expected to take shape within three years and be production-ready within five years.
The first phase will focus on the construction of core infrastructure, which primarily calls for the introduction and creation of 6-inch epitaxial wafers for second- and third-generation semiconductors and other related upstream and downstream sub-projects. Follow-up work will revolve around the rollout of core applications related to Internet of Things (IoT) and the information security market.
Nationz Technology also intends to invest RMB 50 mln through Nationz Investment to establish a National Tiancheng Chemical Compound and Semiconductor Company in Chengdu in collaboration with technology-focused organizations and investment funds. The joint venture company will have registered capital of RMB 200 mln, with an initial RMB 450 mln investment in the construction and operation of 6-inch epitaxial wafers for second- and third-generation semiconductor integrated circuits.