(Yicai Global) Sept. 16 -- Sihui Fuji Electronics Technology will spend CNY1 billion (USD146.4 million) to build a high-reliability fifth-generation wireless network printed circuit board plant with an annual output of 2 million square meters in its home of Sihui, Guangdong province, it said in a statement yesterday.

The company’s shares [SHE:300852] closed 4.95 percent higher this morning at CNY99.82 (USD14.61) after peaking at CNY103.24 at 9.40 a.m. on the news.

The firm penned an investment agreement with the Sihui city government yesterday on the project, which Fuji Electronics will self-fund, the statement said, but without detailing the construction period or product technical features.

The 5G commercial network imposes higher technical requirements for mother boards, the company said, adding it can use its production and manufacturing capabilities of high-reliability circuit cards amassed over the years to seize this market.

Fuji Electronics’ main markets are in the US, Europe and Japan, according to its website.

Editor: Ben Armour