Jiangfeng Electronics plans to invest 6 million yuan to participate in the installation of Core Feng Precision to broaden the layout of semiconductors.

On August 19, Jiangfeng Electronics issued a notice on foreign investment and related party transactions. It said that it plans to invest with Ningbo Tongfeng Enterprise Management Consulting Partnership (limited partnership), Lishui Jiangfeng equity investment partnership (limited partnership), Jingdezhen Chengfeng special ceramic industry investment partnership (limited partnership), Mr. Zhang Tongbin and Mr. Zhao Xiaohui to jointly invest in the establishment of Ningbo Xinfeng Precision Technology Co., Ltd. (tentative name, Subject to industrial and commercial registration, hereinafter referred to as "Xinfeng Precision").

According to the announcement, Xinfeng Precision's registered capital is 30 million yuan, and Jiangfeng Electronics plans to contribute 6 million yuan in currency, accounting for 20% of Xinfeng's registered capital. The business scope includes: semiconductor device special equipment manufacturing; semiconductor device special equipment sales; electronic special equipment manufacturing; electronic special equipment sales; electronic components and electromechanical components equipment manufacturing; electronic components manufacturing; power electronic components sales and so on.

The announcement shows that Xinfeng Precision's establishment is aimed at manufacturing semiconductor wafer processing equipment and materials to provide semiconductor customers with high-quality products and services. This investment can further broaden the layout of Jiangfeng Electronics in the semiconductor industry and promote the development of semiconductor materials and equipment.