10.8 billion! Huacan Optoelectronics is lavish and invests heavily in semiconductor projects!

On February 22, Huacan Optoelectronics (hereinafter referred to as “the company”) announced the announcement that the company signed the “Huacan Optoelectronics Advanced Semiconductor and Device Project Investment Framework Agreement” in the investment in the construction of advanced semiconductor and device projects in Yiwu Information Optoelectronics High-tech Industrial Park. The Yiwu Municipal People's Government acts as a witness.

According to the announcement, the project content includes: 1 LED epitaxial and chip; 2 sapphire substrate; 3 ultraviolet LED; 4 infrared LED; 5microLED; 6 MEMS sensor; 7 vertical cavity surface emitting laser (VCSEL) 8 gallium nitride (GaN) based laser; 9 Advanced semiconductor and device projects such as gallium nitride (GaN) based power electronics. The total planned investment of the project is RMB 10.8 billion. It is necessary to construct about 500 mu of land, and the total construction period is expected to be 7 years.

Hua Can said that the signing of this agreement is in line with the company's strategic development needs, which is conducive to enhancing the future development space and injecting momentum into the company's future development. The successful implementation of this project will help the company's business development, provide support and guarantee for the company's sustainable development, and enhance the company's core competitiveness and industry influence by accumulating project construction and operation experience. In addition, the signing of this agreement does not have a significant impact on the company's 2018 annual operating income, net profit and other production operations, and the impact on the company's long-term earnings is uncertain.

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