China’s JCET to build new plant in Shanghai to expand advanced chip packaging

Chinese chip-packaging and testing giant Jiangsu Changjiang Electronics Technology (JCET) says it will invest 7.8 billion yuan (US$1.15 billion) to build a new plant, as demand for home-grown chips continues to surge amid the rapid development of artificial intelligence. A controlled subsidiary with a registered capital of 4 billion yuan would be set up to construct an advanced packaging and testing factory in the Lin-gang Special Area in Shanghai, the company said on Wednesday.