Licheng, a major sealing and testing company, announced today that it will jointly establish a panel-level advanced packaging manufacturing joint venture with Broadcom in Singapore. The total investment is estimated at US$400 million, which will gradually be invested depending on the progress and capital requirements of the Singapore factory. The main purpose of establishing a joint venture is to match the overall international layout strategy, meet the supply chain needs of global customers, and strengthen advanced packaging manufacturing capabilities.

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