Chinese NSIG’s Finnish unit to build $422 million silicon wafer plant

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Reuters UK

HELSINKI (Reuters) – Chinese semiconductor maker National Silicon Industry Group via Finnish subsidiary Okmetic will invest nearly 400 million euros ($422 million) to build a silicon wafer production facility in Finland, Okmetic said on Tuesday. “With silicon wafer demand surging due to the proliferation of electronic components, the investment helps the company meet the growing demand of customers,” it said in a statement. Silicon wafers are needed in the manufacture of micro-electro-mechanical systems and sensors as well as radio frequency and power applications. In 2022, the global semicond…

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