Hangzhou Silan Microelectronics Co. Ltd. declared to jointly invest in building 8-inch chip production line with national IC industry investment fund. The total investment will be CNY 1 billion, including CNY 800 million for the first time.

25% will come from the listed company while 75% from the investment fund. Silan Microelectronics declared in March 2015 to spend CNY 1 billion building 8-inch production line to improve technology and catch up with international semiconductor companies.