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On November 22, 2017, Huacan Optoelectronics celebrated a significant milestone. The groundbreaking ceremony for the second phase of Huacan Optoelectronics (Zhejiang) Co., Ltd. took place in the Yiwu Information Optoelectronics High-tech Zone. The event was attended by Yiwu Mayor Lin Yi, Mr. Zhou Fuyun, Chairman of the Board of Huacan Optoelectronics Co., Ltd., and Liu Wei, President of the company. This moment marked a new chapter in the company's development journey.
The second-phase project is a key provincial industrial initiative with a total investment of 6 billion yuan. The second phase alone involves 3 billion yuan in investment, covering a land area of 143 mu and a construction area of 150,000 square meters. This expansion will significantly enhance the production capacity of LED chips, pushing the manufacturing process to a higher level. With this growth, Huacan Optoelectronics is set to enter a new stage of development.
Once fully operational, the Yiwu Plant is expected to produce 12 million LED epitaxial chips and 52 million sapphire substrates annually. The projected annual sales revenue is 6 billion yuan, with an estimated profit and tax contribution of 1 billion yuan. The project is also expected to create over 6,000 job opportunities, contributing positively to the local economy.
This development not only accelerates the localization of LED chips for semiconductor lighting but also helps reduce the cost of end-user applications. It lays a solid foundation for China to maintain its competitive edge in the global LED industry.
Huacan Optoelectronics sees this groundbreaking ceremony as a major step forward. The company aims to complete the second phase as soon as possible, striving to become a globally leading LED enterprise. By doing so, it hopes to strengthen Yiwu’s position as a hub for advanced manufacturing and add a powerful brand to the city’s industrial landscape. With confidence and determination, Huacan Optoelectronics continues to scream “Hua Can, China Core.â€
August 16, 2025