# Gree Electric to invest $285M in Sanan Optoelectronics LED semiconductor project

Gree Electric Appliances plans to invest 2 billion yuan (approx. $285 million) in Sanan Optoelectronics' private placement to fund the 'Semiconductor R&D and Industrialization Project (Phase I)', a LED chip and semiconductor project in Quanzhou, Fujian.

- Type: Investment
- Announced: 2019-11-11
- Where: Quanzhou, Fujian, China
- Value: $285.0M (2.00B CNY)
- Status: announced
- Capacity: 769.2万片氮化镓芯片/年, 123.2万片砷化镓芯片/年
- Products: LED chips, GaN chips, GaAs chips, laser diodes
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Sanan Optoelectronics](https://endata.com/companies/23824.md)
- [Gree Electric Appliances](https://endata.com/companies/16114.md) (investor)
- [Sanan Optoelectronics](https://endata.com/companies/23824.md) (investor)

## Sources

- [nbd.com.cn](https://www.nbd.com.cn/articles/2019-11-11/1385384.html), 2019-11-11: "格力电器拟通过定增参与三安光电LED半导体项目，拟认购20亿元。"
- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-gree-electric-to-invest-usd2853-million-in-sanan-to-leverage-led-chips), 2019-11-12: "Gree has penned an agreement to invest CNY2 billion (USD285.3 million) in private placement for a nearly 4.8 percent stake in Sanan."

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