A Lincoln company promises to bring more high-tech jobs in the city. Dynex Semiconductor has expanded its research and development activities in Lincoln, launching the first of two new production lines making silicon chips, most of which will be used in railway equipment.
The new production line was inaugurated at the Lincoln facilities on May 13th by Zhao Xiaogang (pictured right), a high-ranking official from China’s rail industry, and also Chairman of the China South Locomotive & Rolling Stock Corporation (CSR) — the parent of Dynex’s majority shareholder, Zhuzhou CSR Times Electric.
“We are keen to continue providing local opportunities for skilled people and we expect that the new R&D facility should create another 12 to 15 jobs over the next 18 months,” said Dr Paul Taylor, Dynex President and CEO (pictured left).
CSR Times Electric is expected to buy most of the silicon chips being produced from the new, larger wafers, thus enabling Dynex to benefit from the dynamic growth being experienced in China’s railway sector. Dynex’s second new production line is due to become operational later this year.