HC Semitek held the groundbreaking ceremony for its project on May 31, 2016, a bright sunny day after several days of nonstop rain in Yiwu. Tao Chenghua, Chairman of Jinhua committee of CPPCC; Sheng Qiuping, a member of Standing Committee of the CPC Jinhua Municipal Committee and Secretary of Yiwu Municipal Party Committee; Lin Yi, Vice Mayor of Jinhua City and Mayor of Yiwu; Chen Xiuxian, Director of the Standing Committee of Yiwu Municipal People’s Congress; Song Yinghao, Chairman of Yiwu committee of CPPCC; Ji Jinfu, director of the Management Committee of Yiwu Commerce and Trade Service Gathering Area; Wang Xinfeng, Deputy Mayor of Yiwu, and other leaders attended and laid the foundation stone for the project.

The project of HC Semitek Limited, Zhejiang covers a total land area of 233,000 square meters; the first-phase project covers an area of 93,000 square meters, with a building area of 290,000 square meters. This project is chiefly geared to the R&D of LED epitaxial wafers and chips, and the cutting, grinding, polishing, patterned substrate, and coating of sapphire ingots. The project is planned to be built in two phases in a period of 5 years. When the project reaches full capacity in 2021, it will achieve an annual output of 3 million LED (equivalent to 2-inch) epitaxial chips and 13 million (equivalent to 2-inch) sapphire materials.

The project helps the sustained growth of fiscal revenue in Yiwu and can generate 6,000 jobs. The project fills a gap in the upstream segment of Zhejiang’s LED industry chain. It is of great significance for the zone to develop the LED industry chain and build a world-renowned LED industry base. It also plays an important role in leading and guiding the transformation and upgrading of the manufacturing sector in Yiwu and even Zhejiang as a whole.