On November 1, Jiangfeng Electronics announced in the evening that the company plans to sign an investment agreement with the Jianshan New District Management Committee of Haining City to build a high-purity metal sputtering target (expansion) project for VLSI in Zhejiang Haining Base. The total planned investment is 4 The investment progress and investment amount will be adjusted according to the actual situation.
Jiangfeng Electronics said that the company’s proposed project this time mainly produces copper and copper alloy targets. The implementation of the project will further improve the large-scale production capacity of the company’s copper target products, increase the market share of the company’s products, and achieve the steady development of the company’s business.
Jiangfeng Electronics was established in 2005. Since its establishment, it has been engaged in the research and development, production and sales of high-purity sputtering targets. The main products are various high-purity sputtering targets. One of the key materials of VLSI. At present, the company’s ultra-high-purity metal sputtering target products are available in batches at the 7nm technology node. Some products applied to the 5nm technology node have passed the evaluation and are mass-produced, and some products have entered the verification stage.
At present, due to the urgent demand for localization in the domestic semiconductor industry, the progress of domestic substitution has also been greatly accelerated. The company has benefited from the continuous strengthening and expansion of equipment and production lines in recent years, the processing and manufacturing capabilities of products have been further improved, and new products have accelerated. Volume.
It is worth mentioning that in August this year, Jiangfeng Electronics completed the issuance of convertible bonds. The company raised more than 500 million yuan, which will be used for the construction projects of high-purity metal targets and components for flat panel displays in Huizhou and Wuhan bases. Liquidity.