By Gabby Chen

(JW Insights) Feb 21 -- Daxin Semi (达新电子), a Chinese IGBT provider, started construction of its 6-inch IGBT production line project in Fuling district of southwestern China's Chongqing City, city announced on February 18.

With RMB2 billion ($290 million) investment, the new project will build a 6-inch power semiconductor wafer production line with special processes and an annual output of 1.2 million units. It will provide devices to sectors including new energy vehicles, smart grids, photovoltaic energy storage, wind power generation, industrial applications, and home appliances.

Founded in 2013, Daxin Semi has a chip design center in Shanghai and an IGBT module production line in Hangzhou. Its head office is in Yuyao of Ningbo, eastern China's Zhejiang Province, said the JW Insights report.