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The Lion Semiconductor Large Silicon Wafer Project was sealed with the Nanhu High-tech Zone in Jiaxing, East China's Zhejiang province, on Feb 5, marking a significant milestone in the ongoing partnership between the two entities.

Hangzhou Lion Microelectronics Co Ltd is a key player in the semiconductor industry. The publicly listed company is dedicated to the research, development, and manufacturing of semiconductor silicon wafers, semiconductor power devices, and compound semiconductor radio frequency chips. 

It holds a unique position as a rare one-stop manufacturing platform in China, covering all processes from silicon wafers to chips.

The collaboration between Lion and Nanhu High-tech Zone began in 2022. Acknowledging the region's exceptional business environment, Lion opted to deepen its partnership and further increase investment.

A total of 1.23 billion yuan ($168 million) will be invested in the project, which will play a pivotal role in enhancing the semiconductor industry chain within Nanhu.

In recent years, Nanhu High-tech Zone has strategically positioned itself around the microelectronics industry's upstream and downstream sectors, enhancing the industrial chain and optimizing the industrial ecosystem. In 2024 alone, the output value of its microelectronics industry reached 38.5 billion yuan, reflecting a 13 percent year-on-year increase.