Silan(SH:600460) Shang Hai Zheng Quan Bao·2025-10-19 18:49Core Viewpoint - Company Silan Microelectronics has signed a strategic cooperation agreement with the Xiamen Municipal Government to invest in a high-end analog chip manufacturing project with a total planned investment of 20 billion yuan [1][2]. Group 1: Project Overview - The project involves the establishment of a 12-inch high-end analog integrated circuit chip manufacturing production line, with a total planned investment of 20 billion yuan and a production capacity of 45,000 wafers per month, to be implemented in two phases [1]. - Phase one of the project will require an investment of 10 billion yuan, aiming to establish a monthly production capacity of 20,000 wafers, while phase two will also require 10 billion yuan to add an additional monthly capacity of 25,000 wafers [1]. Group 2: Financial Structure - The registered capital for the first phase of the project is set at 6.01 billion yuan, with an additional 5.1 billion yuan to be contributed by Silan Microelectronics and its subsidiaries, along with Xiamen Semiconductor Investment Group and Xiamen New Wing Technology [2]. - After the investment, Silan Microelectronics' shareholding in the subsidiary Silan Jihua will decrease from 100% to 29.55%, and the subsidiary will no longer be included in the consolidated financial statements of the company [2]. Group 3: Previous Collaborations - This is not the first collaboration between Silan Microelectronics and the Xiamen Municipal Government; a previous agreement was signed in May 2022 to build an 8-inch SiC power device chip manufacturing line with a total investment of approximately 12 billion yuan, which is expected to achieve production capacity of 720,000 chips annually [3].