By Kate Yuan
Leading Chinese electronics company TCL and its subsidiary Zhonghuan Semiconductor (中环股份) signed a cooperation agreement with the government of the Inner Mongolia Autonomous Region in northern China and its capital city of Hohhot to enlarge and upgrade an existing monocrystalline silicon production base in the city, reported the local press.
Source :Zhonghuan Semiconductor
This April 7 agreement confirmed that the parties concerned will work together to turn the existing Inner Mongolia-Zhonghuan Industry Park into an “internationally competitive silicon material manufacturing base” during the "14th Five-Year Plan(2021-2025).”
Zhonghuan started constructing the Inner Mongolia-Zhonghuan Industry Park in 2009 and has invested RMB40 billion ($6.3 billion). A solar-grade monocrystalline silicon production base has formed with “the largest monomer scale, complete categories, advanced technology, manufacturing methods, and productivity in the park, ” said Zhonghuan.
TCL’s announcement on the upgrading project shows that the planned total investment is RMB20.6 billion ($3.23 billion). It will include a high-purity polycrystalline silicon plant with an annual output of 120,000 tons, a semiconductor monocrystalline silicon material production base, and a national silicon materials development center.
Tianjin-based Zhonghuan Semiconductor is China’s leading semiconductor materials producer founded in 1999. The company went public in 2007.
TCL became Zhonghuan’s controlling shareholder in 2020 when it bought the entire stake of former owner Tianjin Zhonghuan Electronics for RMB11 billion ($1.72 billion).
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