Biwin Storage Technology invests US$672 million in latest example of a storage firm looking to upgrade its business model
2-MIN READ2-MINHoward Liuin BeijingPublished: 7:29pm, 23 Sep 2026Chinese storage makers, long known for packaging chips into modules, have been moving up the value chain into wafer-level operations, with the latest firm to make the jump investing 4.5 billion yuan (US$672 million) in an advanced packaging project.
The sum, which Shanghai-listed Biwin Storage Technology will pour into the third phase of its advanced packaging and testing project in Dongguan, in southern China’s Guangdong province, will exceed the 3.09 billion yuan it put into the first two phases combined.
The project, including the first two phases, had yet to generate mass production revenue, as it was still undergoing customer sampling, process verification and small-batch production, according to Biwin’s stock filing on Tuesday. The company estimated that the facility’s monthly capacity would more than triple to 10,000 wafers by the end of 2027, according to the filing and earlier investor meetings.
The gamble marks a move into more sophisticated wafer-level technologies, as Biwin already operates a traditional memory and system-in-package, or SiP, packaging base in Huizhou, also in Guangdong, where it sources chips from external suppliers.
