Jinjiang City has signed up to establish an IC packaging and testing Industry park with RMB12 billion ($1.9 billion) investment at an investment conference in mid-October. The city in southeastern China's Fujian province was the site for an aborted memory company because of a legal issue with the U.S company Micron.

Source: Quanzhou Development and Reform Commission

According to a mnw.cn website report, this industrial park covering about 300 acres will be home to the new packaging and testing project of Quliang Electronics Co., Ltd. (渠梁电子), a subsidiary of the world-leading packaging and testing company Siliconware Precision Industries Co., Ltd. (矽品精密工业). It aims to attract a number of high- and mid-level packaging and testing companies like Wintech Nano (胜科纳米).

The IC Packaging and Testing Park aims to become an important packaging and testing base in China, involving memory and logic chips, MEMS, sensors, IGBT, PA, and optical chips.

Jinjiang City suffered from the U.S. sanction in 2018 after the chipmaker Fujian Jinhua (福建晋华) in the city infringed on American company Micron's intellectual property, and the Chinese company ceased production in 2019. But the city does not give up development in the IC industry.

Jinjiang is part of Quanzhou City, whose semiconductor industry achieved an output value of RMB14.6 billion ($2.28 billion) in the first three quarters, a 72% increase year on year. The semiconductor industry has become a new growth pole of Quanzhou's industrial economy.