Gree invests 2 billion yuan to enter the semiconductor market again
Latest update time：2021-08-31 21:21
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On the evening of November 11, Sanan Optoelectronics and
Gree Electric Appliances
simultaneously announced that they plan to issue no more than 816 million shares in a private placement, with a total amount of funds raised not exceeding 7 billion yuan, to be invested in semiconductor research and development and industrialization projects.
At present, the specific subscribers announced are Changsha Pioneer Gaoxin and Gree Electric Appliances, and their proposed subscription amounts are 5 billion yuan and 2 billion yuan respectively.
Sanan Optoelectronics said that the funds are intended to be used to invest in semiconductor research and development and industrialization projects (Phase I). The construction project mainly includes three business segments and public supporting facilities:
gallium nitride business segment, gallium arsenide business segment, and special packaging business segment.
According to information, Sanan Optoelectronics has been comprehensively deploying compound semiconductors since 2015, with the goal of becoming a leader in compound semiconductor manufacturing.
Since May 2014, Sanan Optoelectronics has extended its production experience of III-V compounds (gallium arsenide and gallium nitride chips for LEDs) and officially entered the foundry service of compound wafer manufacturing.
In May 2014, the company established Xiamen Sanan Integrated Circuit and implemented the construction of 300,000 pieces/year gallium arsenide (GaAs) and 60,000 pieces/year gallium nitride (GaN) epitaxial wafer production lines.
In October 2015, Sanan Integrated Circuit began trial production.
If the fundraising goes smoothly, Sanan Optoelectronics' compound semiconductor layout will inevitably accelerate.
Influenced by this news, Sanan Optoelectronics (600703) opened up 1.58%, and the stock price rose rapidly after the opening. As of press time, the increase once expanded to more than 7.49%.
Regarding its participation in Sanan Optoelectronics' fundraising plan, Gree Electric also issued an announcement on the evening of November 11, stating that Sanan Optoelectronics is a leader in LED chips and has a first-mover advantage in the field of compound semiconductors. The
strategic equity investment in Sanan Optoelectronics will help the company's central air-conditioning, intelligent equipment, precision molds, photovoltaics and energy storage sectors to enter the semiconductor manufacturing industry. At the same time, through cooperative research and development with Sanan Optoelectronics in the semiconductor field, it will help further enhance the company's technology accumulation in related fields.
In fact, Gree Electric has actively implemented a diversified layout in recent years.
Previously, Gree Electric Appliances had established a semiconductor company, and its chairman Dong Mingzhu had made a bold statement that "even if it costs 50 billion, we will make chips." Subsequently, Gree Electric Appliances invested 3 billion to help Wingtech Technology acquire Nexperia Semiconductor, showing its active interest in entering the semiconductor industry.
Today, Gree Electric Appliances has once again made a large investment in Sanan Optoelectronics, which shows that its determination to diversify its layout remains unchanged.
Source: sina
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On the evening of November 11, Sanan Optoelectronics and
Gree Electric Appliances
simultaneously announced that they plan to issue no more than 816 million shares in a private placement, with a total amount of funds raised not exceeding 7 billion yuan, to be invested in semiconductor research and development and industrialization projects.
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