Huacan Optoelectronics plans to invest more than 1.8 billion yuan in three years to Suzhou New Company

On August 28th, Huacan Optoelectronics announced that the company will set up Huacan Optoelectronics (Suzhou) Co., Ltd. with 300 million yuan of funds raised, and run a new project with the company as its main business. “Huacan Optoelectronics (Suzhou) Co., Ltd. The company's LED epitaxial chip construction project. The total investment of the project is 180.572 million yuan, and the amount of funds to be invested is 300 million yuan, accounting for 16.61% of the total investment. The original fund-raising investment projects of listed companies will continue, and the newly-added funds of RMB 300 million will be self-financed by listed companies.

It is reported that the new company will be mainly engaged in the design, manufacture, sales and import and export of semiconductor materials and devices, electronic materials and devices, semiconductor lighting equipment, nitrogen, ammonia, hydrogen and other raw materials (self-use).

The subsidiary company of Huacan Optoelectronics has been selected to be located in Zhangjiagang in the Yangtze River Delta, and has completed an LED blue-green optical epitaxial and chip production base with a construction area of ​​approximately 92,360 square meters. It is planned to complete the infrastructure construction, equipment installation and officially put into operation within three years. . After the project is put into production, the company will add a total of 1995 KK/month of blue and green light chip production, equivalent to 35,000 pieces of epitaxial wafers.

Huacan Optoelectronics said that the Yangtze River Delta region is the main source and market for LED packaging applications in China. The new location is closer to customers, which is conducive to extensive market information collection, understanding customer needs, and developing technologies and products in cooperation with customers. The relevant person in charge of Huacan Optoelectronics believes that the establishment of a new manufacturing base in different places is conducive to effectively diversifying the operational risks caused by power supply, logistics conditions, human resource supply, and natural disasters.

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