byd to open $140 million chip plant in china’s changsha

Chinese auto giant BYD is on track to open a chip factory in October in the central Chinese city of Changsha, according to a report by state-owned media outlet Hunan Today on Sept. 7. The plant will produce as many as 500,000 automotive chips based on an 8-inch wafer annually and is expected to make revenues of RMB 800 million and profit of RMB 40 million at most each year, according to Hunan Today. The RMB 1 billion ($140 million) project started construction in April 2020, and initial production test runs have begun this month. [Hunan Today, in Chinese]

Keyword: BYD to open $140 million chip plant in China’s Changsha

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