Chinese chip packaging firms invest $2.2B in expansion fueled by AI boom

pstAsiatech · x · 2026-08-26

Driven by surging AI demand, China's top three packaging firms (JCET, Tongfu, Huatian) reported triple-digit profit growth and announced a combined 15 billion yuan ($2.2 billion) expansion drive. JCET's net profit rose 79.4% YoY, with a new 7.8 billion yuan facility for high-end AI chips planned in Shanghai.

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