On March 26, Qianzhao Optoelectronics issued an announcement announcing changes to investment projects and signing an investment agreement.
The announcement pointed out that Qianzhao Optoelectronics reviewed and approved the "Proposal on Investment in VCSEL, High-end LED Chips and Other Semiconductor R&D and Production Projects" in 2018. During the project implementation process, affected by the objective market conditions, national policy changes, and combined with the company's strategic development direction, after in-depth research and careful evaluation, it is planned to adjust the project to the direction of "Mini/Micro display epitaxial wafers, chips and other high-end chip R&D and production".
At the same time, Qianzhao Optoelectronics and related subsidiaries signed a new investment agreement with the Xiamen Torch High-tech Industrial Development Zone Management Committee, changing the content of the original investment agreement. The original project "VCSEL, high-end LED chips and other semiconductor R&D and production projects" was adjusted to the direction of "Mini/Micro display epitaxial wafers, chips and other high-end chip R&D and production".
The parties to the agreement have renegotiated the relevant assessment terms for the cumulative incremental comprehensive economic contribution and local financial contribution from 2024 to 2031. The commitment indicators in the original investment agreement will no longer be assessed, and the relevant policy support that has not been implemented will no longer be implemented.
Qianzhao Optoelectronics stated that the adjustment of the construction content of this investment projectIt is a prudent decision based on changes in the industry environment and the company's actual operating needs. This adjustment is in line with the company's strategic development plan and industrial layout, and will help the company focus on its core business and enhance its core competitiveness.
Information shows that Qianzhao Optoelectronics is mainly engaged in the research and development, production and sales of semiconductor optoelectronic products. The products include full-color chips from ultraviolet to infrared, gallium arsenide solar cell epitaxial wafers, Mini/Micro LED, VCSEL, etc. The products are used in ultraviolet sterilization, backlight, display screen, general lighting, digital display and other fields.
In addition to the above-mentioned projects, in January this year, the Nanchang Municipal Ecological Environment Bureau issued a public announcement of the proposed approval of the environmental impact report form of Jiangxi Qianzhao Optoelectronics’ new display LED mini chip intelligent equipment update project. According to the announcement, the construction site of the project is located at Qianzhao Optoelectronics Nanchang Base in Nanchang, Jiangxi Province. The project is an expansion project with a total investment of approximately 216 million yuan.
The project mainly carries out equipment updates and technology upgrades, and builds a 6000kK new display LED mini chip intelligent production line. After the project is completed, it is expected to achieve an additional annual output of 528,000 blue and green chips (equivalent to 2-inch chips) and 960,000 red and yellow chips (equivalent to 2-inch chips).
ANNA