Chinese LED companies including chip makers Sanan Optoelectronics and HC Semitek and LED packager MLS reported that they have received subsidies from the government. (Image: Pixabay) Sanan Semiconductor, the subsidiary of Sanan Optoelectronics announced that it has received RMB 200 million (US$28.15 million) from local government based on the agreement of investment collaboration. The company was just granted RMB 143 million (US$ 20.13 million) last week for equipment purchase. The government of Yiwu, Zhejiang is issuing two subsidies to the second...

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 ...