Core Viewpoint - The company Lian Micro announced an investment plan for its subsidiary Jinrui Hong Microelectronics, aiming to build a project for an annual production capacity of 1.8 million pieces of 12-inch heavily doped substrate wafers, with a total investment of 2.262 billion yuan [2][3] Investment Details - The project will be located in the existing factory of Jinrui Hong Microelectronics in the East Port area of Quzhou Smart Manufacturing New City, utilizing approximately 19,000 square meters for partial renovation [2] - The total investment includes 2.196 billion yuan allocated for fixed assets, with construction expected to be completed by December 31, 2025, and a total construction period of about 60 months [2] - The funding will come entirely from the company's own and self-raised funds, with an annual investment of approximately 350 million yuan, which will not pressure existing business operations [2] Strategic Significance - The expansion is strategically targeted as the current production capacity of Jinrui Hong Microelectronics for heavily doped silicon wafers is nearing full capacity, driven by the rapid development of emerging industries such as electric vehicles, AI servers, and energy storage [3] - The project will produce 12-inch heavily doped substrate wafers, which are essential materials for high-end products used in AI server uninterruptible power supplies, energy storage inverters, charging piles, industrial electronics, and automotive electronics [3] Technical Aspects - Jinrui Hong Microelectronics has mastered the core technology for the complete process of 12-inch silicon wafers, employing self-developed key technologies for heavily doped single crystal silicon preparation [3] - The project will complement the existing annual production of 1.8 million pieces of 12-inch semiconductor silicon epitaxial wafers, creating an integrated production capability from substrate wafers to epitaxial wafers [3] Market Positioning - The implementation of the project is expected to significantly enhance the company's production capacity for heavily doped silicon wafers, helping to solidify its market leadership and improve the self-sufficiency of China's semiconductor silicon wafer production [3] - The project aligns with the development needs of domestic wafer fabs and aims to enhance the competitiveness of the entire semiconductor supply chain [3]