MEMSIC, Inc. (NasdaqGM: MEMS), a leading MEMS sensing solution provider, announced today that the company has completed the construction of its new manufacturing facility and R&D center in Wuxi, China.
The newly finished facility encompasses 224,000 square feet, including a 130,000 square feet manufacturing facility and a 94,000 square feet R&D institute. The two new buildings are adjacent to the company's current manufacturing facility in Wuxi, which encompasses 45,000 square feet and has been in operation since 2004.
The new manufacturing facility brings MEMSIC's total manufacturing space to 175,000 square feet and, combined with MEMSIC's existing facility, provides sufficient capacity to meet the increased demand the company forecasts for its sensor components in the next few years.
The new R&D building will serve as a MEMS technology hub for MEMSIC China, allowing us to attract and expand R&D and application engineering resources for the development of smart sensor solution products as well as for providing technical support to our customers.
"Throughout our company's history, MEMSIC has been at the forefront of micro-electrical-systems industry," said Dr. Yang Zhao, Chairman, President and CEO. "Much of our success is attributable to the fact that we are always ahead of the technological curve, turning new ideas and trends into actual products. We are excited to have completed this facility, which has the infrastructure we need to develop innovative, affordable multi-sensor solutions at an effective scale for our customers worldwide. It positions us to accommodate the growth we project over the next five years."
Source: http://www.memsic.com/