German Merck group said on Tuesday (May 31) that the company has signed a contract to open a semiconductor material base in Zhangjiagang City, Jiangsu Province, China, which is its largest single electronic business investment in China. The 69 acre new base will house production plants, warehouses and operation centers for thin film materials and electronic specialty gases.
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Allan Gabor, President of Merck China and managing director of electronic technology business in China, said in a statement: "China is the largest semiconductor terminal market, and more than half of the total global chip production flows to China. Given the unprecedented capacity investment and expansion of Chinese domestic chip manufacturers, China is also the fastest-growing semiconductor manufacturing market in the world. We believe that the golden age of China's semiconductor industry has just begun."
In January this year, Merck group announced that it would invest at least 2billion yuan in China by 2025 to build and expand a series of localized production, R & D and supply chain facilities for electronic materials, so as to actively participate in and support China's booming semiconductor industry. Reuters reported that 550million yuan will be used for Zhangjiagang new base. (checked by /lau)