Silan Microelectronics Announces 2024 Business Plan

Silan Microelectronics expects to achieve total operating revenue of about 12 billion yuan in 2024, a year-on-year increase of about 28%, and total operating costs will be controlled at about 11.3 billion yuan, a year-on-year increase of about 26%. The company will accelerate the construction of fundraising projects such as Silan Mingjia's "SiC Power Device Chip Production Line Project" and Chengdu Silan's "Automotive Semiconductor Packaging Project (Phase I)", and continue to accelerate the construction of Silan Jike's 12-inch power semiconductor chip manufacturing production line project. It is estimated that the company's total R&D expenditure in 2024 will be about 1.055 billion yuan, an increase of about 20% from 2023.