Rorze Establishes New Shanghai Subsidiary to Boost China Semiconductor Production Capacity
Rorze (TYO:6323) has approved a new Shanghai sub-subsidiary through its wholly owned unit Rorze Createch, expanding semiconductor equipment manufacturing capacity in China.The new entity, to be named Rorze Createch Precision Technology, will be capitalized at 20 million yuan and is scheduled to be established in September, according to a bourse filing on Monday.The Shanghai-based subsidiary will focus on manufacturing, developing and selling automated wafer handling systems, along with technical support and import/export agency services.Rorze said the impact on its consolidated results for the current fiscal year will be immaterial, with operations at the new facility expected to commence next spring.