Chinese tech company Feitec has invested over 1 billion yuan to establish its second headquarters in Zhangjiang, Shanghai.

On May 13, Zhongke Feice held a ceremony to launch the Shanghai Zhangjiang R&D Center and production base project. Zhongke Feice will invest over 1 billion RMB to establish its second headquarters in Zhangjiang, building a research and industrialization base of over 130,000 square meters. This will serve as the most important platform for the company's next stage of development, focusing on the research and industrialization of high-end testing equipment, and striving to fill the gap in domestic high-end semiconductor quality control equipment.