On February 22, Huacan Optoelectronics (referred to as "the company") announced the signing of the "Huacan Optoelectronics Advanced Semiconductor and Device Project Investment Framework Agreement." This agreement marks a significant step in the company's plan to develop advanced semiconductor and device projects within the Yiwu Information Optoelectronics High-tech Industrial Park, with the Yiwu Municipal People's Government acting as a witness.
The project covers a wide range of technologies, including LED epitaxial and chip production, sapphire substrates, ultraviolet LEDs, infrared LEDs, microLEDs, MEMS sensors, vertical cavity surface emitting lasers (VCSELs), gallium nitride (GaN)-based lasers, and GaN-based power electronics. With a total planned investment of RMB 10.8 billion, the project will require approximately 500 mu of land and is expected to take around seven years to complete.
According to the company, this initiative aligns with its long-term strategic goals, aiming to expand its development potential and drive future growth. The successful execution of the project is expected to strengthen the company’s business operations, provide a solid foundation for sustainable development, and enhance its core competitiveness and industry influence through accumulated experience in project construction and management.
Additionally, the company emphasized that the agreement will not have a significant impact on its 2018 financial performance, including operating income and net profit. However, the long-term effects on earnings remain uncertain.
This move highlights Huacan Optoelectronics' commitment to innovation and expansion in the semiconductor and optoelectronics sectors, positioning it for future growth in an increasingly competitive market.
circular connector,m series connector,m connector,m12 connector,m8 connector,circular connector m12,m8 electrical connector
Dongguan Yiyou Electronic Technology Co., Ltd. , https://www.dsubminiature.com