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Jiangsu Allfavor Intelligent Circuits Plans 2 Billion Yuan Production Facility

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Jiangsu Allfavor Intelligent Circuits Technology (SHE:300964) plans to invest about 2 billion yuan to build a new production facility for high-multilayer and high-end HDI printed circuit boards for AI computing applications in Nanjing's Lishui Economic Development Zone.

The project is expected to be completed over five years and will have an annual production capacity of 1.5 million square metres, according to a Wednesday filing.

The company plans to fund the project with its own and self-raised funds, with construction expected to include high-standard factories, an R&D centre and supporting facilities.

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