Rumors confirmed that Sanan Optoelectronics Wuhu chip second phase project 4 billion yuan "remarried" Xiamen

[High-tech LED reporter Zhao Hui] The domestic chip leader Sanan Optoelectronics, which has received much attention from the market, was suspended due to major issues. Previous market rumors proved to be true, Sanan Optoelectronics Wuhu Phase II epitaxial chip project was relocated to Xiamen, and the incentive for this major change was a large-scale contract of 1 billion yuan in cash grants and 3 billion yuan.

"High-tech LED" website April 2 news "Sanan photoelectric suspension caused many conjectures involving mergers or acquisitions or investment project changes" has pointed out that there are rumors in the market, "Sanan this major event may involve major government orders. The equipment of the chip project was not placed in Wuhu, and was transferred to Xiang'an District of Xiamen. The Xiamen streetlight project is said to be done to Sanan."

The Announcement of Sanan Optoelectronics today on the change of investment subject and implementation location of the fundraising project confirms the authenticity of the rumors.

Sanan Optoelectronics announced that the board of directors reviewed and approved the proposal of the company to sign the "Investment Agreement" with the Xiamen Torch Development Zone Management Committee, and decided to invest in the development and manufacturing of LED epitaxial and chip industrialization projects in the development zone.

According to the "Investment Agreement", the total investment of the project is 10 billion yuan, the total scale is 200 MOCVD (converted by 2 inches and 54 pieces), and 100 MOCVD equipments are started in the first phase. The construction period is one year, all the workshops and related production. The supporting facilities will be completed within two years. The remaining 100 MOCVD will be started after the first phase of equipment is put into operation, and will be put into use no later than 2018. Otherwise, Xiamen Torch Development Zone has the right to cancel the corresponding subsidies for MOCVD equipment that has not yet been put in place.

This project is one of the projects raised by Sanan Optoelectronics: “Wuhu Photoelectric Industrialization (Phase II) Project” (hereinafter referred to as “Project”).

Sanan Optoelectronics said that according to the company's business planning, the company changed the project implementation location to the Xiamen Torch High-tech Zone (Xiang'an) Industrial Zone in Fujian Province. In order to facilitate the implementation, operation and management of the project, the company will establish a wholly-owned subsidiary in Xiamen (hereinafter referred to as “Xiamen Subsidiary”) as the investment entity of the project.

The reason for Sanan Optoelectronics to make such a major change is undoubtedly the interest, "1 billion yuan in cash subsidies + 3 billion yuan in large single contract", the temptation thrown by the local government of Xiamen will undoubtedly let Sanan Optoelectronics "abandon the Huhutou Xiamen".

According to the announcement, Xiamen Torch Development Zone agreed to give the company a single piece of equipment (converted by 2 inches and 54 pieces) with a subsidy of 5 million yuan, which will be paid in installments with the progress of the project company's payment. The maximum subsidy is 200 units. Based on this calculation, the subsidy amount of 200 sets of equipment reached 1 billion yuan.

In addition to cash assistance, the development zone also supports Sanan Optoelectronics to undertake LED renovation projects for public lighting such as Xiamen street lamps in accordance with the contract energy management model, and plans to renovate the project for about 10 billion yuan in 10 years.

In addition, the development zone will also give Sanan Optoelectronics a series of support in land, taxation, science and technology incentives, and talent policy.

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