Doosan Corp. expands in China to boost supply of key materials for AI chips, smartphones

Doosan Corp., a leading supplier of essential materials for cutting-edge electronics, is bolstering its manufacturing presence in China to ramp up production of copper-clad laminates (CCLs). These crucial components are integral to the creation of advanced microchips, artificial intelligence servers, and smartphones. On Friday, the company announced a significant investment agreement with Changshu, a city in Jiangsu province, China.

The agreement, signed on Thursday at Suzhou City Hall, involves the construction of new CCL production lines in proximity to Doosan's existing facility. The ceremony was attended by Suzhou Mayor Wang Wei, Doosan President Yoo Seung-woo, and Kim In-wook, the head of Doosan's Electronics Business Group.

The project is part of an overall investment plan valued at approximately 970 billion won (about $670 million), as disclosed by Doosan in September. This plan includes a specific allocation of 550 billion won for China. The company intends to develop a 185,000-square-meter site adjacent to its current Changshu factory, with the construction scheduled in phases until 2028. The new production lines are projected to commence operations in the near future.