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Chinese Firms Establish Venture to Commercialize Gallium Arsenide Technology
The Institute of Semiconductors with the Chinese Academy of Sciences (CAS) and four other companies signed an agreement in Beijing Tuesday to commercialize the institute's semi-insulated gallium arsenide technology.
It is expected that the agreement will bring about US$100 million to US$200 million in export earnings for China.
Under the agreement, the Compound Crystal Technology Co., Ltd. will be set up by the five entities with a registered capital of 100 million yuan (about US$12 million), including technology valued at 30 million yuan (about US$3.6 million).
The five entities, including the China Energy Conservation Investment Corporation, plan to invest 300 to 400 million yuan ( about US$36 million to US$48 million) in importing production equipment and building a plant.
The planned plant, the only one of its kind in China, is expected to produce single crystal and epitaxial wafers of semi-insulated gallium arsenide, which are expensive materials for integrated circuits used in optical fiber and mobile telecommunications products, such as mobile phones.
Li Jin-min, assistant director of the institute, said the five partners plan to have the joint venture listed on the stock market as soon as it is approved by government departments.
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