PSTS China to Commence Production Expansion Project

CinTel, a provider of internet traffic management solutions, has announced that one of its subsidiaries, Phoenix Semiconductor Telecommunication Suzhou China, will commence production expansion project within the next six months.

The project will allow Phoenix Semiconductor Telecommunication Suzhou (PSTS) to expand its production capacity by approximately 20 million pieces of memory products per year. PSTS’ management anticipates that this will result in an aggregate increase of approximately $19 million to the revenue stream of PSTS of which CinTel will recognize a significant portion.

Sang Kim, CEO of CinTel, said: “We are committed to growing our company and subsidiaries into a key player in the semiconductor field. We will continue to push our subsidiaries to insure their continued growth and the strength of the overall company goals.”