Sinoma Group wants to throw 5 billion yuan into LED

With the booming LED industry, Sinoma Group wants to enter the new light source industry.

On January 13, Sinoma Group and the Yangzhou Municipal Government, the Institute of Semiconductors of the Chinese Academy of Sciences, and the Yangzhou Economic and Technological Development Zone signed a four-party agreement in Yangzhou to jointly build a new light source industry base in Yangzhou and cultivate Yangzhou Zhongke Semiconductor Co., Ltd. into a new one. Leading company in the light source industry. Sinoma Group also signed a cooperation framework agreement with Yangzhou Zhongke on the same day.

Yu Shiliang, secretary of the Party Committee of Sinoma Group, said that after the holding of Yangzhou Zhongke, Sinoma Group will build Yangzhou Zhongke into a leading company in the new light source industry, planning to use three to five years, with a total investment of more than 5 billion yuan, and timely industry. Vertical integration, improve the industrial chain, and generate operating income of more than 10 billion yuan.

Li Jintao said that the semiconductor institute will improve the research and development innovation capability and technology level of Yangzhou Zhongke. Through three to five years of efforts, Yangzhou Zhongke's mass production chip technology will reach the domestic leading level, and the relevant research and development results of the semiconductor new light source field will be given priority. Transferred to Yangzhou Zhongke to promote the continuous upgrading of Yangzhou Zhongke's products.

According to the data, the compound growth rate of the global LED device market has reached 22.5% in the past 10 years. The output value of China's LED application products is expected to reach 120 billion yuan in 2010, a year-on-year increase of 40%. China's compound growth rate from 2010 to 2015 is expected to be 35%. In 2015, the overall industry scale will exceed 500 billion yuan.

At present, China has become one of the fastest growing and most potential areas for the semiconductor lighting industry. It has initially formed four major LED clusters in the Pearl River Delta, the Yangtze River Delta, the North, Jiangxi and Fuxia.

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