PVTIME – Qingdao Gaoce Technology Co., Ltd. (688556.SH) (hereinafter referred to as Gaoce Tech), a company specialising in the R&D, production and sales of cutting equipment for hard and brittle materials and cutting tools, recently announced that it intends to increase its production capacity by 25GW with a total investment of 1 billion yuan.
This is the first part of a wafer project with a total production capacity of 50GW of large-size silicon wafers signed between the company and the Management Committee of Yibin High-Tech Industrial Park, Sichuan Province, China. A new wholly-owned subsidiary will be established to invest, manage and operate the project in the city, with the first phase expected to reach production in the first half of 2024.
 (hereinafter referred to as Gaoce Tech), a company specialising in the R&D, production and sales of cutting equipment for hard and brittle materials…){kind=link}