Core Viewpoint - Yunnan Zhenye (002428.SZ) has approved the establishment of a subsidiary to implement a high-quality gallium arsenide wafer production project, indicating a strategic move to enhance its semiconductor capabilities [1] Group 1: Company Developments - The board of Yunnan Zhenye has approved the proposal to set up Hubei Xinyao Semiconductor Materials Technology Co., Ltd. with an investment of 50 million yuan, in collaboration with individual Liu Guangzheng [1] - The new facility will be located in the high-tech industrial park of Huanggang City, Hubei Province, and will include the construction of new factory buildings and the relocation of existing gallium arsenide wafer production lines [1] Group 2: Project Details - The project aims to establish an annual production line for 700,000 pieces of 6-inch high-quality gallium arsenide wafers and a supporting production line for 30,000 sets of semiconductor-grade quartz tubes [1] - The project will also include the construction of a product research and development center, leveraging the auxiliary facilities of the new project [1]