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KYEC Announces Board Approval of U.S. Manufacturing Plant Investment Plan

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AI Summary (NQ-processed)

KYEC's board has approved a plan to establish a wholly-owned subsidiary in the United States and invest in a new manufacturing facility, with a total investment cap of USD 1.4 billion, aiming to strengthen its global supply chain strategy.

AI Analysis

Frequently Asked Questions

Q: Where will KYEC's U.S. plant be located?
A: The exact location has not been announced, but sites in the southern or midwestern U.S. are under consideration.
Q: When will the investment begin?
A: Investment will start in phases based on funding needs, with construction expected in 2027.
Q: What will be manufactured at the new plant?
A: The facility will focus on semiconductor testing and electronic assembly for North American clients.