Sanan Optoelectronics

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.

Sanan Optoelectronics will invest CNY12 billion (US$1.78 billion) to construct production lines for mini and micro LED epitaxial wafers and chips in central China, according to LEDinside.

Sanan Optoelectronics signed a contract with the Gedian Economic and Technological Development Zone in Hubei Province to set up a 12 billion Yuan ($1.78 billion) Mini-LED and Micro-LED production site, including a plant, R&D center, and sales offices.

Sanan Optoelectronics signed an agreement to invest 120 billion yuan (approx. $17.8 billion) in a III-V compound semiconductor plant in Hubei's Gedian Economic Development Zone, producing Mini/Micro LED chips. The project aims for annual capacity of 210,000 Mini LED wafers and 26,000 Micro LED wafers.

Sanan Optoelectronics will invest CNY33.3 billion (US$5.03 billion) to set up an LED production base in Quanzhou, southeastern China.

Cree is forming a joint venture, Cree Venture LED Company, with Sanan Optoelectronics to produce and deliver mid-power lighting class LED packaged products. Cree will own 51% and Sanan 49% of the joint venture, which will be located in Hong Kong.