Novoray Corporation (688300.SH) plans to invest in a project to build high-performance and high-speed substrate using ultra-pure spherical powder materials.

Novoray Corporation (688300.SH) announced that the company plans to invest in the construction project of ultra-pure spherical powder materials for high-performance high-speed substrates. The project is planned to be built in three phases, with the project site obtained through public auction. The construction site is located in the high-tech zone of Lianyungang Port, Jiangsu Province. The total investment of the project is approximately 300 million yuan (including the estimated 12.87 million yuan for purchasing land and building rights), with the first phase planned to invest 126 million yuan (actual investment total subject to change). It is reported that electronic-grade high-performance ultra-pure spherical silica dioxide, as an advanced functional powder material for integrated circuits, is a high-end electronic material used in AI servers, high-speed communication, and other high-tech fields. It meets the high-quality development requirements and high-end market demands of high-performance high-speed substrates, advanced packaging materials, and other application areas.