Shanghai Wusheng Semiconductor expects total investment to be no less than 18 billion yuan

Shanghai Wusheng Semiconductor, a subsidiary of Wusheng Electronic Technology Group, is expected to invest no less than 18 billion yuan and plans to complete all project construction within five years. However, in January 2023, Wusheng Electronic Technology Group was filed for bankruptcy liquidation and was listed in the abnormal operation list by the Market Supervision Administration of China (Shanghai) Pilot Free Trade Zone in July of the same year.