# MTC plans to invest up to CNY 1.6 billion in LED chip project in Nanchang

MTC (Mingtai Co., Ltd.) announced it will invest between CNY 1.5 billion and CNY 1.6 billion to build an LED epitaxial wafer and chip production project in Nanchang High-tech Industrial Development Zone. The first phase, with a total investment of CNY 5 billion, is expected to start operations in 2018.

- Type: Investment
- Announced: 2017-06-29
- Where: Nanchang High-tech Industrial Development Zone, Jiangxi, China
- Value: $235.0M (1.60B CNY)
- Starts operating: 2018
- Status: announced
- Products: LED epitaxial wafers, LED chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [MTC S.R.L.](https://endata.com/companies/24944.md)

## Sources

- [nbd.com.cn](https://www.nbd.com.cn/articles/2017-06-29/1122542.html), 2017-06-29: "兆驰股份将出资不低于15亿元且不高于16亿元，在南昌市高新技术产业开发区投资建设LED外延片和芯片生产项目。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.