With 120 million yuan in government subsidies, Chongqing Bishan will become an important base for Konka's industrial innovation

Konka Group Co., Ltd. issued an announcement on September 30, stating that in order to support the company's industrial development in Chongqing, the Management Committee of Chongqing Bishan High-tech Industrial Development Zone recently allocated 120 million yuan in industrial development fund subsidies to the company's wholly-owned subsidiary Chongqing Konka Technology Development Co., Ltd. The funds have arrived in the company's account and will be directly included in other income.

In addition, the announcement shows that the above-mentioned government subsidies obtained by Chongqing Konka Technology Development Co., Ltd. are not used to purchase or construct long-term assets formed in other ways, so they are government subsidies related to income.

Judging from Konka's industrial layout, Chongqing Bishan will become an important "base" for its Micro LED technology.

On June 13 this year, Konka Group issued an announcement stating that recently, Konka Group has signed a "Cooperation Framework Agreement" and an "Industrial Project Investment Contract" (hereinafter referred to as the "Cooperation Agreement") with the People's Government of Bishan District, Chongqing.

The cooperation agreement stipulates that Konka Group intends to build Chongqing Konka Semiconductor Optoelectronics Industrial Park in Bishan District, Chongqing, and strives to achieve a total investment of 30 billion yuan in the Chongqing Konka Semiconductor Optoelectronics Industrial Park project in Bishan District, and strives to reach a total investment of 7.5 billion yuan in the first phase of the project, ensuring that the total investment within 5 years is not less than 5 billion yuan. The cooperation agreement also stipulates that the above investment is to be jointly invested by Konka Group and other enterprises in Chongqing Konka Semiconductor Optoelectronics Industrial Park.

On August 26, at the signing ceremony for major projects at the 2019 Smart Expo, Konka Group and Chongqing Bishan High-tech Zone officially signed an agreement to invest 30 billion yuan in Chongqing to build the Konka Group Chongqing Semiconductor Optoelectronics Industrial Park.

It is reported that Konka Group's Chongqing Semiconductor Optoelectronics Industrial Park project is planned to be built in three phases, striving to form an industry scale of 100 billion within 10 years. Among them, the first phase of the project covers an area of ​​200 mu and will build a new generation of mobile display equipment, screenless display optical machine, intelligent control system solutions, and Micro LED projects. The second phase will build the Optoelectronics Industry Research Institute and the Micro LED next-generation display technology project. The third phase will build Micro LED display screens and terminal products, projection TVs and accessories, and related home appliances.