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Chinese 12-Inch Wafer Giant Eswin Boosts Wuhan Factory Plan to $1.8B
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Chinese 12-Inch Wafer Giant Eswin Boosts Wuhan Factory Plan to $1.8B
Shares of Eswin Material Technology saw an almost 5% increase during trading after the country’s leading producer of 12-inch semiconductor silicon wafers announced plans to invest 12.5 billion yuan (approximately $1.8 billion) to construct a new wafer manufacturing facility in Wuhan. The company’s stock climbed as much as 4.5% to CNY24.86 (around $3.50) before retreating to close 1.2% lower, influenced by broader market trends. The composite ind…
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