With a total investment of approximately 1.5 billion yuan, this project—producing 39,000 tons per year of core semiconductor materials—is making new progress.

On February 28, Yak Technology issued an announcement stating that it had agreed to sign a cooperation agreement with its wholly-owned subsidiary, Huafei Electronics, and the Management Committee of the South Taihu New Area in Huzhou for a “39,000-ton per year semiconductor core materials project.”

The “39,000-ton annual capacity project for core semiconductor materials” covers a total land area of approximately 82 mu and has a total investment of about 1.5 billion yuan, including fixed-asset investment of roughly 1.3 billion yuan. The project will be constructed in three phases, with a total construction period of about five years. Funding will primarily come from the company’s own resources. The project plans to introduce the most advanced production lines and processes currently available internationally. Upon completion, the facility will have an annual production capacity of 39,000 tons of core semiconductor materials, enabling the products to replace imported alternatives.

Yake Technology stated that the signing of this agreement aligns with the company’s strategic development needs, helps enhance its overall competitiveness, creates greater value for shareholders, and promotes the company’s long-term sustainable development. The acquisition of land use rights for the project will follow the prescribed procedures for transfer as required by relevant regulations. The construction, commissioning, and operation of the project will take a certain amount of time. It is expected that the project will not have a material impact on the company’s operating performance for the year 2022, but it will have a positive impact on the company’s long-term development.

Key words: