Great Wall Development shares LED chip company plans to invest 750 million expansion

Great Wall Development (000021) announced on the evening of the 26th that the development of Jing Lighting (Xiamen) Co., Ltd. is a shareholding company with a shareholding of 47.88%. Recently, according to the development needs of the Group's LED industry, the development of Jing and Xiamen Torch High-tech Industrial Development Zone Management Committee After friendly consultation, an investment agreement was signed in Xiamen on the 26th.

As the upstream epitaxial wafer and chip leading enterprise of LED industry chain in Xiamen Torch Development Zone, it is planned to add 60 core equipment MOCVD to the original production capacity to expand the production scale of ultra-high brightness blue LED epitaxial wafer. The total investment of the project is 750 million yuan, which is used to purchase 60 MOCVD equipment and supporting equipment.

In order to support the development of the development of the crystal project, Xiamen Torch Development Zone will provide a series of preferential policies for the development of crystal, including the agreement to grant MODP equipment for the development of crystal single-stage MOM equipment no more than 5 million yuan, the maximum subsidy is 60 units. At the same time, the preferential policies also involve science and technology innovation incentives, land repurchase, talent policy and other support.

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