By Li Panpan

(JW Insights) Nov 16 -- Chinese MEMS provider Fatri UTC (西人马联合测控科技有限公司) and Jiading District government in Shanghai reached strategic cooperation and signed on November 15 to build an 8-inch sensor chip and digital electronic chip production plant.

Fatri UTC’s plant involves an investment of RMB3.6 billion ($496.06 million). Construction is planned to start in June next year and complete by the end of 2025. The annual output value will be no less than RMB1.5 billion ($206.69 million), according to the local Jiading District News.

Fatri UTC was founded in 2015 and is headquartered in Quanzhou, southeastern China’s Fujian Province. It masters key technologies of chip design, manufacturing, packaging and testing, with nearly 500 patents so far.

Previous media reports showed that in November 2022, Fatri UTC signed a contract with Shanghai Jinshan District to invest RMB3.65 billion ($502.95 million) to build an 8-inch chip production line with an annual output of 600,000 pieces and a 6-inch compatible 4-inch third-generation compound semiconductor production project.