It is understood that Hisense Qianzhao Jiangxi Semiconductor Base Project is invested by Jiangxi Qianzhao Semiconductor Technology Co., Ltd. with a total investment of 1 billion yuan. At present, the factory renovation and upgrade has been completed, and a total of 60 MOCs have been introduced. Currently, 30 units of VD and supporting equipment have been relocated. After the project reaches full production, it is expected to achieve an annual production capacity of 8.118 million gallium arsenide series epitaxial wafers. It is expected that the total production capacity of the Nanchang base will reach approximately 23 million wafers, bringing in sales revenue of more than 1.1 billion yuan.
On October 24, 2023, the Xinjian District Government of Nanchang City and Xiamen Qianzhao Optoelectronics Co., Ltd. signed a cooperation agreement for the Hisense Qianzhao Jiangxi Semiconductor Base Project with a total investment of 1 billion yuan. The project was officially settledNew area. It is planned to use the existing factory buildings and land resources of Jiangxi Qianzhao Optoelectronics Co., Ltd. and introduce internationally leading MOCVD production equipment to produce high-end LED products such as RGB display red light chips, MiniLED, and gallium arsenide solar cells, achieving a monthly production capacity of 500,000 pieces (2-inch pieces).
After the project reaches full production, it is expected that the cumulative industrial operating income in three years will be about 2 billion yuan, and the total tax payment will be about 100 million yuan. On December 28, 2023, Hisense Qianzhao Jiangxi Semiconductor Base Project held a grand launch ceremony at Jiangxi Qianzhao Optoelectronics.
According to data, Qianzhao Optoelectronics is engaged in the semiconductor optoelectronic products business. Its main products are full-color LED epitaxial wafers and chips and gallium arsenide solar cell epitaxial wafers and chips. In January 2023, Hisense Video obtained control of Qianzhao Optoelectronics with a 22.88% shareholding and became its controlling shareholder.
At present, Qianzhao Optoelectronics' products and technologies cover RGB display, lighting, backlight, Micro LED, automotive, plant lighting, solar cells, VCSEL laser and other fields.
In 2022, Hisense will further deepen its "long chain" layout in the Micro LED field through a major investment in Qianzhao Optoelectronics. This move is not only of great significance to Hisense's own technological upgrading and market expansion, but also has a profound impact on the technological progress and business model of the entire industry.
The purpose of obtaining control of Qianzhao Optoelectronics stems from Hisense Video’s strategic layout in the display industry chain.
Hisense Video stated in a previous announcement that in order to further strengthen Hisense Video's strategic layout in the display industry chain, accelerate the research and development and product promotion of new technologies such as Mini LED and Micro LED, establish future resource advantages in the market and supply chain, and consolidate the company's leading position in the display industry, Hisense Video has obtained control of Qianzhao Optoelectronics through external investment and became the controlling shareholder of Qianzhao Optoelectronics.
Hisense Qianzhao Optoelectronics, as the top domestic LED chip upstream enterprise, plays a decisive role in the research, development and production of Micro LED technology. Hisense's investment in Qianzhao Optoelectronics is not only to secure the supply of upstream core resources, but also to ensure that through thisThis kind of integration will promote early breakthroughs in technology and cost bottlenecks.
ANNA