Jiangsu Entering The Electronics Gases Business

 

Via gasworld.com

According to Gartner, China imports half of the chips manufactured in the world, but manufactures just 10% of the world’s total production. And according to data from the China Customs, in 2016 more than $227bn was spent on importing integrated circuits and chips (ICs); for the first 10 months in 2017, $207bn was spent on importing such devices.

Jiangsu Yoke Technology Co. Ltd, a listed company mainly engaged in the research and development of electronic semiconductor materials, cryogenic composite materials and plastic additives materials, has also joined the crowd investing in the electronic specialty gases business. It is now raising funds to acquire 90% of the equity of Chengdu Kameite Gases – a company that claims to have an annual production capability of 7,000 tonnes of sulfur hexafluoride (SF6) and 1,200 tonnes of electronic grade carbon tetrafluoride (CF4) – and all the equity of Jiangsu Xianke Semiconductor Materials, a company with major stake in Korean UP Chemical Co. Ltd. The main products of UP Chemical are integrated circuits precursors and electronic specialty gases, now being supplied to the mass production lines for semiconductors in and out of Korea. The total fund required for these two transactions will amount to around RMB 2.467bn ($381m).

Also, JiangsuTaixing Taijin has formed a joint venture Jiangsu Taijin Shihlien Electronic Materials Company with a Taiwanese company to manufacture a series of silane products, and this might just add more excess production to the market.

 

Read more…

Editorial Team

Our Editorial Team curates "news you can use" from hundreds of local newspapers, magazines, blogs and online sources, press releases, radio and TV news shows from around the world. We take great pride in being providing Daily Business Intelligence that's all business and no politics.