Xi Venture Capital supports the landing of a 5 billion yuan lakeside optical chip manufacturing project in Yixing

　　On November 22nd, the HuHu Optoelectronics Ultra HD and High Brightness Silicon based OLED Micro Display Project with a total investment of 5 billion yuan laid the foundation in Yixing Environmental Science Park. Du Xiaogang, Secretary of the Municipal Party Committee, attended and laid the foundation for the project. Wang Rongfei, Deputy Director of the Provincial Development and Reform Commission, Zhou Wendong, Deputy Mayor, Wu Di, Chairman of Hupan Optoelectronics Jiangsu Co., Ltd., Guo Bingyu, Co President of Xichuang Capital, Shen Guangping, General Manager of Xichuang Capital's Marketization Platform New Creation Management Company, and representatives of industrial partners participated in the event offline and online.

　　The HuHu GuangXin ultra high definition and high brightness silicon-based OLED micro display project will be constructed in two phases. The first phase will invest 3 billion yuan to build two 12 inch silicon-based OLED display production lines and one research and development line, as well as an ultra clean intelligent manufacturing workshop, production auxiliary facilities, and comprehensive office building. After the completion of the first phase of the project, the construction of the third production line in the second phase will be launched. Once fully completed and in operation, the expected annual output value will exceed 6 billion yuan. At present, Hupan Optoelectronics has jointly invested in the development of 1.31-inch ultra-high resolution, high brightness mirco OLED with partner micro display giant Kopin, and has achieved the world's first 120HZ production capacity. Three models have already been configured for end customers. Future Lakefront Optoelectronics will rely on strong technical talents and reserves, as well as this project, to achieve an annual production scale of no less than 9 million 1.31-inch silicon-based OLED microdisplays within 3 years, striving to become a world leading technology and manufacturer of ultra high definition and high brightness silicon-based OLED microdisplays.

　　The new display has an important strategic position in the national economy, and is known as the "one screen, one chip" along with integrated circuits. It is a core basic industry in advanced manufacturing and the new generation of electronic information fields. Xi Venture Capital recommended the Hupan Optoelectronics project to land in Yixing and collaborated with local investors to invest nearly 300 million yuan. Leveraging the project's technological leadership and scale, this strategic investment will greatly strengthen Wuxi's agglomeration effect in the metaverse industry and become an important part of its efforts to build a high-tech innovation highland in the Yangtze River Delta metaverse. In recent years, Xi Venture Capital has continuously promoted the expansion of strategic emerging industries such as semiconductor integrated circuits in Wuxi. The company has implemented a "cultivation" plan, led the operation of a professional integrated circuit industry park, and provided services including project incubation, investment operation, and financing. Standing at the height of urban development, gazing at the return of industries, relying on the company's fund system covering the entire life cycle of enterprises, Xi Venture Capital is unleashing more possibilities.