China’s global packaging and testing provider JCET Group will invest $896.4 million in capacity expansion

By Li Panpan

China’s global packaging and testing provider JCET Group(长电科技), plans to invest RMB6 billion ($896.4 million) in fixed assets for capacity expansion, R&D, and infrastructure construction.

The company shared this information on its investor relationship management platform of the Shanghai Stock Exchange on May 17th. 

Founded in 1972 and listed on the Shanghai Stock Exchange in June 2003, JCET Group is the world’s leading IC manufacturing and technology services provider, offering a full range of turnkey services that include semiconductor package integration design and characterization, R&D, wafer probe, wafer bumping, package assembly, final test and drop shipment to vendors around the world. Its clients include many global foundries and fabless companies. 

According to its financial reports, JCET Group achieved revenue of RMB8.14 billion ($1.22 billion), up 21.2% year-on-year, and a net profit of RMB 860 million ($128.73 million) in the first quarter of 2022, both record-high in the first quarter of its history.