Overview of the $5.2 Billion MLED Project
According to Jinan Daily, Shandong Province plans to complete 21 major projects, each with a total investment of over 5 billion yuan, in the second half of the year. Among these is the Semiconductor Intelligent Optoelectronic Ecosystem Project located in Laiwu District of Jinan, which is scheduled to commence production by the end of the year.
Recent Developments in LED Projects
Since January of this year, nearly 50 LED projects have announced new progress, with some already in production and many more expected to begin operations by the end of the year.
Investment Details of the MLED Project
The Semiconductor Intelligent Optoelectronic Ecosystem Project, primarily funded by Zhongtou Guohui (Shenzhen) Investment Holdings Co., Ltd., has a total planned investment of 5.2 billion yuan, with the first phase investing 3 billion yuan and the second phase approximately 2.2 billion yuan.
Production Capacity and Future Plans
The project will occupy 182 acres at the Laiwu Yingcheng Electronic Information Industrial Park, which includes 180,000 square meters of existing factory space. It will introduce 90 new production lines, primarily focusing on manufacturing LED display micro-spacing, Mini/Micro LED display modules, audio-visual entertainment displays, and XR virtual reality scenarios. Once operational, the project will fill a significant gap in the city’s industry. When fully operational, the Mini LED production capacity is expected to rank among the top five nationwide, achieving an annual output value of 10 billion yuan, with plans for an independent IPO within five years.
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