Forehope Electronic Plans Up to 2.1 Billion Yuan Investment to Build IC Packaging and Testing Production Base in Malaysia

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Forehope Electronic (Ningbo) Co., Ltd. (688362.SH) announced that, in line with its strategic plan to further enhance its overseas strategic layout and accelerate the development of its international business, the company intends to invest in the construction of a new integrated circuit packaging and testing production base project in Malaysia. The total investment will not exceed 2.1 billion yuan, with the actual investment amount subject to approval from Chinese and local authorities, representing approximately 13.68% of the company's total assets. The project's construction will primarily focus on packaging products, including System-in-Package products, for downstream application areas such as AIoT and power modules. This overseas investment aligns with national industrial policy directives and the company's overall strategic positioning, serving as a crucial strategic move to seize industry development opportunities and establish an overseas industrial footprint. Upon completion, the project will effectively address the capacity gap anticipated for future business growth, thereby consolidating and increasing the company's market share in the global IC packaging and testing business. Furthermore, it will help deepen strategic cooperation with major overseas clients, enhance profitability, reduce operational risks, and improve overall competitiveness.

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