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AMEC Unit to Invest 3.5 Billion Yuan in Lingang Industrial Base Expansion

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Advanced Micro-Fabrication Equipment China (SHA:688012) unit AMEC Lingang plans to invest 3.5 billion yuan to build the second phase of the Lingang industrialization base in Shanghai's free trade zone.

The project will focus on etching equipment, metrology and inspection tools, and thin-film deposition systems, according to a Thursday filing with the Shanghai bourse.

Upon full operation, it aims to generate 3 billion yuan in local sales revenue and secure 300 patents within seven years.

Shares of the chip gear maker climbed 3% in recent trade.

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