Nationstar Signs Two Equipment Procurement Contracts Totaling RMB 150M

Nationstar announced it signed two separate procurement agreements with ASM Microelectronics Technical Services (Shanghai) (ASM Microelectronics) and ASM Pacific (Hong Kong Limited).

According to the company statement, the agreement signed with ASM Microelectronics is a domestic procurement agreement for an automated wire bonding machine valuing RMB 108 million (US $16.72 million). The other procurement agreement signed with ASM Pacific, involves buying a High Speed Epoxy Die Bonder that values US $ 7.57 million.

The required equipment purchases will assist the company’s basic business development, and further expand its production capacity. By raising its production capacity, the company hopes to acquire better business opportunities, and provide its clients products with advantageous C/P ratio and services to boost its overall market competitiveness.

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