SK Hynix Wuxi DRAM Factory II Construction Complete
SK Hynix Wuxi Factory II has completed construction. The project was initiated in October 2017 and is the biggest single foreign investment project in Jiangsu province. The total investment is US$8.6 billion; US$1.6 billion was used to build a 33,000-ft2 cleanroom and supporting facilities, while US$7 billion was used to purchase the most highly advanced semiconductor manufacturing equipment available.
Upon full production ramp, Wuxi Factory II will have a capacity of 180,000 12-inch wafers per month, and annual revenue is expected to reach US$3.3 billion. Currently, SK Hynix holds about 35% of China’s DRAM market. Once the new facility is fully online, the company will command more than 45% market share, boasting the world’s highest monthly capacity and most technologically advanced 10nm DRAM production base.
QinlinKeji Completes B-Round Financing
Shenzhen QinlinKeji has finished B-round financing, with Xiaomi Technology and JDD Global invested. The capital will be used for business expansion, talent recruiting and data background construction. The specific amount invested was not disclosed.
Founded in 2015, Qinlinkeji is a marketing and service provider offering free smart hardware equipment for communities and smart community services for property owners/managers. Qinlinkeji can freely upgrade the smart access control system for the community and provide a personalized software-as-a-service (SaaS) system for property management.