Huacan Optoelectronics invests 1 billion to expand production to create the world's largest sapphire substrate industry
Huacan Optoelectronics (300323) announced on the evening of August 25 that the company's wholly-owned subsidiary, Lanjing Technology and Yuxi Hongta District Government, signed a framework agreement for the annual expansion of 35 million LED substrate expansion projects. The project is expected to have a total investment of 10%. 100 million yuan.
The government aims to support enterprises, create development conditions for enterprises, encourage enterprises to become bigger and stronger, and promote rapid and healthy development of enterprises. Blue Crystal Technology plans to expand and expand to meet the increasing demand of the market, and become bigger and stronger. After the project is completed, Blue Crystal Technology is expected to become one of the largest sapphire substrate manufacturers in the world.
According to the announcement, the project intention is to be located in the land owned by Party B. The land area is about 75 mu and the construction period is 16 months. It is planned to start construction in September 2017.
Huacan Optoelectronics said that the normal implementation of the project will help the company's business expansion, help to further expand the company's scale and cost advantages, enhance the company's core competitiveness and industry influence, and is expected to have a positive impact on the company's future performance. .
Since its establishment, Huacan Optoelectronics has been engaged in the research, development, production and sales of LED epitaxial wafers and chips. The main products are epitaxial wafers and full-color LED chips. At present, the company's main business is mainly to produce and sell high-brightness LED epitaxial wafers and chips. LED chips can be widely used in full-color display, backlight and lighting applications after being packaged by customers.
In 2016, the company acquired the sapphire single crystal, epitaxial substrate and other sapphire window materials business through the acquisition of Blue Crystal Technology.
In the first half of this year, based on the position of the first supplier in the stable display market, Huacan Optoelectronics vigorously explored the high-efficiency lighting market and the backlight market, focused on the development of high-voltage products and backlight products, rapidly improved the technology of flip-chip products, and actively expanded production. It has stabilized the position of the top two suppliers in the domestic white light lighting market. Benefiting from the synergy of mergers and acquisitions, the company's sapphire substrate production and sales scale has also increased significantly, ranking the industry leader.
In terms of products, the company offers a full range of blue and green and red and yellow LED chips and epitaxial products. The chip process is divided into formal and flip-chip products, and the epitaxial and chip are mainly produced in 4 inch film.
In the emerging market, infrared and Micro LED are in the stage of close development. The infrared LED is expected to be mass-produced at the end of the year. Micro LED is actively cooperating with international manufacturers. The company's research and development of laser and deep ultraviolet chip are actively deployed.
Since 2017, LED chips have been in strong demand, and equipment is still in full supply. The company communicates with equipment manufacturers to speed up the delivery of equipment as soon as possible to install and debug and put into production, to meet customer needs. Starting from February, we accelerated the blue-green and red-light expansion of the Suzhou subsidiary project, and completed the upgrading and upgrading of Wuhan equipment, further improving equipment production efficiency, achieving a larger-scale effective output target, and meeting the rapidly growing market demand.
The Zhejiang subsidiary was successfully completed at the end of June 2017 and officially started production in July 2017. The production capacity will be gradually released in Q3, and the scale benefits will be expected. The company's sapphire substrate benefited from the synergy of mergers and acquisitions, the production capacity accelerated, and the scale of production and sales also increased significantly, ranking the industry leader.
With the continuous expansion of production capacity in the second half of 2017, the production capacity is expected to reach 1.6 million pieces/month at the end of the year. By then, the company will stabilize its second-largest domestic position. Due to the concentration of the industrial chain and the market “bigger Evergrandeâ€, follow-up development The period of time, cost advantage, technical advantage, etc. will be more obvious.
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