SMIC, Huahong Group, etc. establish international supply chain center for electronic materials with a registered capital of 200 million
A new entity, Shanghai Electronic Materials International Supply Chain Center Co., Ltd., has been established with a registered capital of 200 million RMB. This venture is jointly funded by major players including SMIC Holdings, Huahong Group's Shanghai Huahong Investment Development Co., Ltd., and Shanghai Huayi Holding (Group) Company. The company's business scope encompasses online sales, specialized electronic materials, and wholesale/retail of electronic components. AI
IMPACT Establishes a new supply chain for electronic materials, potentially impacting AI hardware development and manufacturing.