Focusing on the upstream industry chain, a subsidiary of Omat Advanced Materials (688530.SH) plans to implement a semiconductor high-purity materials project.

Omat Advanced Materials (688530.SH) announced that its subsidiary Olay High-purity intends to sign a project investment agreement with the Management Committee of Shaoguan Hi-tech Industrial Development Zone to invest in the construction of the "Olay Mingyuehu Semiconductor High-purity Materials Project." The total investment of the project is 108 million RMB, with a land area of 46.73 acres. The project includes the construction of a high-purity oxygen-free copper ingot production base and a high-purity cobalt ingot production base, which are key projects for the company to extend its upstream high-purity material industry chain. The announcement indicated that this external investment will focus on the company's upstream industry chain, helping the company achieve independent supply of high-purity oxygen-free copper ingots and high-purity cobalt ingots. This will help the company extend the value chain of its existing high-performance sputtering target materials, ensuring the continuous and stable supply of core raw materials for the company.