HC SemiTek Corp.

HC Semitek held a kick-off ceremony for its MicroLED wafer manufacturing, packaging, and testing project in Jinwan District, Zhuhai, China. The total project cost is 5 billion yuan, with the first phase (over 2 billion yuan) planned to be operational by Q3 2024.

HC SemiTek Corp. signed a deal to invest CNY10.8 billion (USD1.7 billion) to build an advanced semiconductor and device center in Yiwu Information Optoelectronic High-Tech Industrial Park, China. The facility will produce LED chips, MEMS sensors, VCSEL, GaN-based lasers, and power electronic devices, with completion expected in seven years.

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.

HC SemiTek Corp., through its subsidiary Crystaland Co., will invest USD 150 million to build a sapphire substrate production base in Yuxi, Yunnan province, China, with an annual capacity of 35 million chips. Construction is set to begin in September 2017 and last 16 months.