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1 billion! Announcement on the Project to Produce 58,000 Tons per Year of Electronic-Grade Phenolic Resin and Phenolic Epoxy Resin: On December 11, Jiangsu Hengfeng New Materials Technology Co., Ltd. released a public announcement regarding the environmental impact assessment for the project aimed at producing 58,000 tons per year of electronic-grade phenolic resin and phenolic epoxy resin. The total investment for this project is 1 billion yuan, with a total land area of 68,483 m2. It involves the construction of new facilities capable of producing 37,000 tons per year of electronic-grade phenolic resin and 21,000 tons per year of electronic-grade phenolic epoxy resin. It is reported that Hengfeng New Materials, established in 2018, is a manufacturer of domestic electronic-grade phenolic resins and special epoxy resins. Its products are used by leading companies in the field of epoxy molding compounds and copper-clad laminates in China; meanwhile, the company is exploring new applications in areas such as I-line/G-line photoresists and underfill resins. Electronic resin is one of the key raw materials for semiconductor packaging materials, copper-clad plates, and photoresists, and it is crucial for the performance of downstream products. Electronic-grade phenolic resins and special epoxy resins have very high requirements in terms of impurities, molecular weight distribution, and other factors. The production technology for these materials has long been monopolized by foreign companies; domestic enterprises started developing this technology later, and as a result, they are 10 to 20 years behind the international leaders in this field. The company’s founder stated that foreign countries essentially dominate the markets for high-end phenolic and specialty epoxy resins, while China has only made technological breakthroughs in these areas over the past 5 years; currently, its products are mainly targeted at the mid-to-low-end market. It is reported that the market size for electronic-grade phenolic resins and specialty epoxy resins in China exceeds 20 billion yuan. Domestic Chinese companies account for only around 2–3 billion yuan of this market value; they are underrepresented in the high-end segment. Additionally, China faces the need to make progress in areas such as core materials like upstream resins, as well as in downstream markets for high-end semiconductor encapsulants, copper-clad laminates, and photoresists.