Yuanjie Semiconductor Technology (SHA:688498) proposed to invest 4.27 billion yuan to construct an industrial park where laser chips will be produced, according to a Shanghai bourse filing on Wednesday.
The industrial park will be located in Fengxi New City, Xixian New Area, Shaanxi Province, China.
The construction is expected to run for 24 months.
The optical chip maker's shares jumped 6% during the morning trade.
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