On March 30th, for Huacan Optoelectronics, it was a day of "big harvest". On this day, Huacan Optoelectronics Co., Ltd. received two government subsidies in succession, totaling nearly 70 million yuan.
Huacan Optoelectronics (Zhejiang) Co., Ltd., a wholly-owned subsidiary of Huacan Optoelectronics, received the Notice of the Management Committee of Yiwu Information Optoelectronics High-tech Industrial Park on March 30, 2018. (Yi Gaoxin [2018] No. 20) documents agreed to allocate the first loan interest of Huacan Optoelectronics (Zhejiang) Co., Ltd. in 2018 to RMB 32,913,000.
On the same day, Huacan Optoelectronics (Zhejiang) Co., Ltd., a wholly-owned subsidiary of Huacan Optoelectronics Co., Ltd., also received the Notice of the Management Committee of Yiwu Information Optoelectronics High-tech Industrial Park on the allocation of industrial development subsidies for Huacan Optoelectronics (Zhejiang) Co., Ltd. (Yi Gaoxin [ 2018] No. 21), agreed to allocate Huacan Optoelectronics (Zhejiang) Co., Ltd. for the first quarter of 2018 industrial development subsidy of 37.5 million yuan.
Huacan Optoelectronics stated that the two grants are government grants related to income, and the company recognizes the grant as current income when it receives the approval notice.
Since 2016, Yiwu High-tech Zone has successfully introduced a number of provincial and municipal major industrial projects such as Huacan Optoelectronics, Ruifeng Optoelectronics, and Mulinsen Lighting through fund investment, industrial chain investment, and consultant investment. The total investment has exceeded 40 billion yuan, "out of nothing" to open up the entire LED industry chain.
As one of the key high-tech enterprises introduced by Huacan Optoelectronics, the expansion project has been fully opened in Yiwu in the past two years. It is understood that in order to actively cooperate with the company's project implementation in Yiwu, Huacan Optoelectronics invested 600 million yuan to register and establish a wholly-owned subsidiary Huacan Optoelectronics (Zhejiang) Co., Ltd.
Huacan Optoelectronics (Zhejiang) Co., Ltd. is located in Suxi Town Industrial Park, Yiwu City, Zhejiang Province. It is a major construction project of Zhejiang Province during the “13th Five-Year Planâ€, covering an area of ​​350 mu, with a registered capital of RMB 600 million and a total investment of RMB 6 billion.
It is reported that the project mainly develops and produces LED epitaxy and chips, and performs deep processing such as cutting, grinding, polishing, pattern substrate and coating on sapphire crystal rods. Mainly used in sapphire substrate materials, LED light sources and mobile phone screens, smart wearable devices screens and many other products.
On May 31, 2016, Huacan Optoelectronics Yiwu Project officially started construction. It is reported that the first phase of the project invested 3 billion yuan, 140 acres of land, and a building area of ​​290,000 square meters. After nearly one year of construction, the first phase of the project was officially put into operation on July 15, 2017, and will form a production capacity of 800,000 pieces per month. It has greatly eased the current capacity shortage and further increased the market share of products.
On the morning of November 22, 2017, the second phase of Yiwu Huacan Optoelectronics LED Epitaxy, Chip and Sapphire Processing was officially started in Yiwu Information Optoelectronics High-tech Zone. The second phase of the project plans to invest another 3 billion yuan, with a land area of ​​143 acres and a construction area of ​​150,000 square meters. It is expected to end in May this year.
After the project is completed and put into production, it can produce 12 million LED epitaxial chips and 52 million pieces of sapphire materials per year. The annual output value will be 6 billion yuan, and the annual tax payment will be 1 billion yuan. It will solve the employment of 6,000 people and will promote the enterprise to become a domestic market with a market value of over 40 billion yuan. The largest display industry LED chip manufacturer, the world's second largest LED chip manufacturer and supplier.
Not only that, on February 21 this year, Huacan Optoelectronics also reached an agreement with the Yiwu Information Optoelectronics High-tech Industrial Park Management Committee to sign the “Huaguang Optoelectronics Advanced Semiconductor†in the Yiwu Information Optoelectronics High-tech Industrial Park. The Investment Project Framework Agreement with the Device Project is used by the Yiwu Municipal People's Government as a witness.
Huacan Optoelectronics The project includes the following contents: 1LED epitaxial and chip; 2 sapphire substrate; 3 ultraviolet LED; 4 infrared LED; 5microLED; 6MEMS sensor; 7 vertical cavity surface emitting laser (VCSEL) 8 gallium nitride (GaN) based laser Advanced semiconductor and device projects such as 9 gallium nitride (GaN) based power electronics. The total planned investment of the project is RMB 10.8 billion.
As of the project, Huacan Optoelectronics' investment in Yiwu will reach 16.8 billion yuan. Such a large investment expansion will further consolidate Huacan Optoelectronics' leading position in the field of LED epitaxial wafers and chips. Whether in terms of scale or new semiconductor applications, it is close to the gap with domestic chip giant Sanan Optoelectronics.
"Next, I will help the hometown to continue to introduce LED industry extension projects, and promote Yiwu to form an internationally competitive LED industry cluster, so that LED will become Yiwu's new 'world business card'." Zhou Fuyun, chairman of Huacan Optoelectronics, said. Nowadays, with the advancement of LED expansion projects, LEDs shine in Yiwu.

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