# HC SemiTek to invest CNY500 million in Suzhou subsidiary for LED chip project

HC SemiTek Corp. plans to increase the capital of its Suzhou subsidiary by CNY500 million to construct a phase-IV LED wafer and chip project in Zhangjiagang Economic & Technological Development Zone.

- Type: Investment
- Announced: 2017-10-23
- Where: Zhangjiagang Economic & Technological Development Zone, Suzhou, Jiangsu, China
- Value: $75.4M (500.0M CNY)
- Status: announced
- Products: LED chips, LED wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [HC SemiTek Corp.](https://endata.com/companies/26555.md)

## Sources

- [www2.yicaiglobal.com](https://www2.yicaiglobal.com/news/hc-semitek-will-pump-cny500-million-into-suzhou-subsidiary-to-build-led-chip-project), 2017-10-23: "The capital increase aims to supply its construction needs in the phase-IV LED wafer and chip project and to further bolster its capital strength."

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