Great Wall Development invests in LED chip company to invest 750 million to purchase 60 MOCVD equipment
Great Wall Development (000021) announced on the evening of the 26th that Kaifajing Lighting (Xiamen) Co., Ltd. is a joint-stock company that holds 47.88% of the company’s shares. Recently, according to the needs of the group’s LED industry development strategy, Kaifajing and the Xiamen Torch High-tech Industrial Development Zone Management Committee signed an investment agreement in Xiamen on the 26th after friendly consultations.
As a leading epitaxial wafer and chip enterprise in the upstream of the LED industry chain in Xiamen Torch Development Zone, Kaifajing plans to add 60 core equipment MOCVD based on the original production capacity to expand the production scale of ultra-high brightness blue LED epitaxial wafers. The total investment in this project is 750 million yuan, which will be used to purchase 60 MOCVD equipment and supporting equipment.
In order to support the development of the development crystal project, Xiamen Torch Development Zone will provide a series of preferential policies to the development crystal, including agreeing to provide a subsidy amount of no more than 5 million yuan for a single MOCVD equipment of the development crystal, and the subsidy limit is 60 units. At the same time, preferential policies also involve incentives for technological innovation, land repurchase, talent policies and other support.
ANNA