On February 13, 2025, the first-quarter major project site advancement event for the province was held. The event featured a total of 2,956 major projects with a total investment of ¥1.13 trillion (~$160.2 billion). These projects were categorized into three main groups: infrastructure, innovation and industrial development, and public welfare and social undertakings. The commencement of these significant projects will lay a solid foundation for the investment work in 2025 and provide strong support for achieving the economic and social development goals for the year.
Among the key projects in Mianyang, Sichuan Province, China, the focus was on the HKC Mianyang Mini-LED Phase I Project. This project primarily involves the construction of production lines for backlight modules and direct display modules, covering various production processes including epitaxy, cleaning, exposure, evaporation, etching, PECVD, grinding, back coating, cutting, testing, and sorting. The total investment for the project is ¥5 billion (~$688.5 million), with a construction period from 2025 to 2026. This project marks the successful establishment of a display panel matrix in Mianyang, including OLED, LCD, and Mini-LED, along with three display panel plants. It is expected to boost the extension and improvement of the emerging display industry chain in Mianyang, and further enhance the city’s role as a key hub for new display industries in the province.
Project Name: HKC Mianyang Mini-LED Phase I Project
Project Owner: HKC Technology Co., Ltd. (Private enterprise)
Project Location: East Zone, Mianyang Industrial Park, Fucheng District, Mianyang City, Sichuan Province, China
Project Scope: Construction of production lines for backlight and direct display modules, including processes such as epitaxy, cleaning, exposure, evaporation, etching, PECVD, grinding, back coating, cutting, testing, and sorting.
Total Investment & Funding Source: ¥5 billion (~$686 million), funded by the enterprise itself.
Construction Period: 2025-2026
On October 18, 2024, Mianyang City and HKC Group signed an investment agreement for the Mini-LED Project and High-Power Chip Heat Dissipation Packaging and Testing Project in Mianyang, Sichuan Province, China, with a total investment of ¥10 billion (~$1.38 billion).
HKC Group is one of China’s top four large-sized LCD panel manufacturers, focusing on semiconductor display core components and integrated smart IoT services. The Mini-LED Project will produce high-end Mini-LED direct display modules and high-end Mini-LED backlight modules, which are widely used in displays, mobile phones, tablets, and automotive displays. The High-Power Chip Heat Dissipation Packaging and Testing Project serves industries such as semiconductor display, new energy, automotive electronics, and communication technologies, acting as a critical upstream supporting industry for new display and automotive electronics.
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