The signing ceremony takes place for Accuracy Int Tech Co Ltd in Hefei city. [Photo/WeChat ID: hefeigaoxinfabu]

With a total investment of 300 million yuan ($41.87 million), semiconductor equipment manufacturer Accuracy Int Tech Co Ltd recently signed up to settle in the Hefei High-tech Zone – located in Hefei city, capital of East China's Anhui province – where it will build a production plant and R&D center and go on to list its shares on the stock market.

Including 100 million yuan of fixed asset investment, the facility will cover a total area of 6,000 square meters. The project signing took place during the 2022 World Conference on Integrated Circuits, which was held in Hefei from Nov 16 to 18.

The company makes dicing machines, which are essential in the production of semiconductors. These machines cut wafers into individual semiconductor chips with blades.

After completion, the new plant is expected to achieve an annual output of 1,000 sets of machines and 2,000 sets of key components.

As a national high-tech enterprise, the company supplies equipment and components with full independent intellectual property rights.

It says the performance of its product range is fully comparable to that of imported products and it has already received a stack of orders from major customers.

The company has set up a new main unit in the Hefei High-tech Zone – Hefei Accuracy Int Tech Co Ltd – as the future group headquarters.

With two rounds of corporate financing completed by the company, the latest round was a joint investment by government funds and capital from listed companies.