1 billion 700 million investment! Australia Shunchang intends to expand production of LED wafer and chip

Yesterday (7) evening, Australia Shunchang announcement, the company's subsidiary Huaian Australia Shunchang Photoelectric Technology Co., Ltd (hereinafter referred to as the "Huaian photoelectric") intends to implement LED wafer and chip expansion project, based on the existing capacity of Huaian optoelectronic, company LED epitaxial wafer and chip capacity expansion to 16 million 500 thousand (equivalent to two inch tablets).

The overall size of the expansion project for the annual production capacity of 12 million pieces of wafer and chip, a total investment of about 1 billion 700 million yuan. With the LED two phase of the project site, funds and facilities and other existing conditions of the construction of 4 million 500 thousand capacity, is expected to be completed by the end of 2017; another 7 million 500 thousand capacity need to re construction, is expected to be completed within 2 years of the implementation of. Expansion and implementation of all projects, the company will form an annual output of 16 million 500 thousand pieces of wafer and chip size.

At the same time, Australia Shunchang also announced that the fourth session of the thirteenth meeting of the board of directors approved "on the termination of the integrated circuit chip project proposal", because of related equipment, professional staff and other conditions are not met, may impose greater adverse impact caused to the company, agreed to terminate the implementation of the integrated circuit chip project, and authorized management of related transaction specific.

The termination of the integrated circuit chip project matters for consideration by the shareholders' meeting. For the implementation of the project, the company set up in Jiangsu Australia Shunchang integrated circuit Limited by Share Ltd as the implementation of the main body, and the early part of the construction and related preparations. The termination of the project, Jiangsu Australia Shunchang integrated circuit Limited by Share Ltd will use the existing land and the corresponding preparation facilities "Sapphire graphic industrialization project", will not adversely affect the company's overall business. (source: LEDinside)

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