# Wuxi High-tech District

Chuangda New Materials Bolsters China’s Chip Ambitions with $15 Million Packaging Play

Chuangda New Materials is investing 110 million RMB in a new facility in Wuxi to produce 2,128 tons of semiconductor packaging materials annually. The move is a strategic effort to localize critical components in the chip supply chain as advanced packaging becomes essential for future semiconductor performance.