Sanan Optoelectronics Granted Government Subsidy with Its Micro LED Project

Chinese LED chip producer Sanan Optoelectronics reported that the company has received subsidies from the local government for its Micro LED project which started this year based on the company’s RMB 12 billion (US$ 1.7 billion) investment in Hubei Province, China.

The company received a subsidy of RMB 66 million (US$ 9.43 million) on December 24, 2019, according to the agreement signed by Sanan and the local government. Sanan announced that investment plan for building a development center for Micro LED and Mini LED wafer and chip production in April, 2019 and signed the investment agreement with Hubei Province. Construction of the project began in July.

Chinese companies are proactively pushing Micro LED development within these two years. The Chinese government also aims to supports the development by adding extra subsidies.

LEDinside covered that the Guangzhou government published a notice last week that with the goal to upgrade display technology development in the province, the government will support companies investing in novel display technologies including Micro/Mini LED, OLED, AMOLED and others. The subsidies can reach up to RMB 2 billion (US$ 285.83 million).

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis production, is introducing the latest fixture in its VYPR top light series: VYPR 4. The low-profile luminaire features a fully sealed, triple... READ MORE

Samsung Electronics Singapore demonstrated its ongoing commitment to the future of virtual production in Southeast Asia and Oceania with a showcase of The Wall for Virtual Production (IVC series) in Singapore. Developed in collaboration with A... READ MORE