# Goertek to invest 2.69 billion yuan in AR product expansion at Weifang Optoelectronics Park

Goertek's Optoelectronics Park Phase IV project in Weifang will invest 2.69 billion yuan to produce 30 million AR products annually, with completion expected by December 2024.

- Type: Expansion
- Announced: 2021-08-25
- Where: Weifang, Shandong, China
- Value: $415.0M (2.69B CNY)
- Starts operating: Dec 2024
- Status: announced
- Capacity: 30 million AR products per year
- Products: AR products
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Goertek](https://endata.com/companies/38924.md)

## Sources

- [gxt.shandong.gov.cn](http://gxt.shandong.gov.cn/art/2021/8/25/art_15166_10293760.html), 2021-08-25: "歌尔光电产业园四期项目，预计2024年12月建成，项目总投资26.9亿元，形成年产3000万件AR产品的生产能力。"

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