By Kate Yuan
Merck Group, the German giant, announced that it would invest in a high-end semiconductor material integration project in Zhangjiagang, eastern China’s Jiangsu Province to further optimize production capacity and supply chain layout.
The group released this news at Jiangsu’s Foreign Investment Project Cloud Signing Ceremony on May 16. This is one of the major moves by the company since it expanded to the semiconductor material market through M&A in 2014.
This project will mainly serve China's chip manufacturing industry and empower China's semiconductor and electronics industries as a core part of Merck's Level Up program in electronics.
In January this year, Merck said to double its investment in China by spending over RMB1 billion (US$156 million) by 2025 in expanding its electronics business.
The money will be used to build and expand the production and R&D of electronic materials, and supply chain facilities in China's booming semiconductor industry.