Beijing Industry Promotion Bureau has disclosed that Kangfu Superpower Semiconductor (Beijing) Company, registered to American SPS, is considering a US$1 billion investment to build a factory that will manufacture 8-inch chips.

The project is currently under discussion and awaiting the approval of concerned government departments.

Once it is put into operation, $200 million will be invested in the first schedule to produce 10000 chips, $400 million in the second schedule for making 20000-30000 and $400 million in the third schedule for 60000 chips. The chips will be used for managing car power supplies and industrial-strength automatic controls. The Promotion Bureau says that currently there is not a professional manufacturer of such chips in the world.