The Shanghai Stock Exchange (SSE) says that it has approved Xinte’s initial public offering application. The company plans to issue a maximum of 30,000,000 shares to raise up to CNY 8.8 billion ($1.2 billion), which will be directed to an electronic-grade polysilicon production base with an annual capacity of 200,000 metric tons. According to the prospectus, Xinte's total polysilicon capacity reached 200,000 metric tons by the end of 2022.
GCL Technology has confirmed the start of production for its 100,000 metric ton (MT) granular silicon project dedicated to n-type products. Construction started in November 2022. It marks the fourth granular silicon production site, following those in Leshan, Baotou, and Hohhot. At full capacity, the facility is expected to reach 120,000 tons. GCL Technology has expressed plans to further augment the maximum effective production capacity across all its plants.
