Red-chip Onfem Holdings may help build the mainland's first semiconductor factory as part of its effort to diversify into high-technology.
The facility would cost an estimated one billion yuan (about HK$936.4 million) to be financed by the government and Onfem.
After yesterday's annual general meeting president Cui Guisheng said the non-ferrous metals trader would make a decision on the factory - one of two planned by Beijing - in September.
Beijing planned to build the two large-scale semiconductor factories to meet domestic demand, which presently has to be entirely satisfied by imports.
The country consumed 700 tonnes of semiconductors last year. Mr Cui said mainland demand was expected to grow as an increasing number of Taiwanese computer manufacturers were moving to the country to reduce their production costs.
Meanwhile, Onfem plans to strengthen its core business by later this year launching an online transaction platform for the non-ferrous metal industry.
