AI TRENDS | Suqian Liansheng Plans Joint Venture With RMB 10 Million Capital for Indium Phosphide Substrates

Suqian Liansheng said it signed a joint venture letter of intent with Zhu Ronghui and Huizhiguangxin to set up a company focused on the research, production, and sales of indium phosphide substrates. According to Jin10, the planned joint venture would have registered capital of RMB 10 million, with Suqian Liansheng contributing RMB 7 million for a 70% stake. The project is planned in two phases. In the first phase, fixed investment is planned at RMB 100 million, with an expected annual capacity of 120,000 indium phosphide substrates in 4- to 6-inch sizes. In the second phase, the parties expect to add RMB 200 million in investment, expanding capacity to 400,000 units per year. Suqian Liansheng said the investment still needs to be submitted for shareholder meeting review and remains subject to significant uncertainty.