World’s Largest Polarizer Manufacturing Base Settled in Anhui
The signing ceremony for an ultrawide polarizer manufacturing base project was held in Hefei, Anhui Province on May 9th. According to the report of People Net, Hangzhou Jinjiang Group has invested a total of 10billion yuan in the project. It will comprise four 2500mm polarizer product lines and support upstream material product line; making it the world’s largest polarizer manufacturing base.
Hangzhou Jinjiang Group is a private enterprise that focuses on environmental-friendly energy, nonferrous, chemical new materials. In 2017, it collaborated with Japan Nitto to build the world’s first 2500mm ultrawide polarizer product line.
Huahong Semiconductor Reports Growth Amidst a Slowing Market
In a year when the semiconductor industry is experiencing slow growth, Huahong Semiconductor is surpassing its own expectations.
In its Q1 financial report released May 9, 2019, Huahong Semiconductor reports sales revenues is $220.8 million, with year-on-year growth of 5.1% and a gross margin of 32.2%. The company estimates Q2 sales revenue of $230milllion and a gross margin will be 30%.
“We are optimistic about the current economic situation, and some technical platforms show signs of recovery, especially MCU and discrete devices platforms.” said by Junjun Tang, CEO & Director of Huahong Semiconductor.
Huahong Semiconductor expanded and updated its 200mm fab to meet the yield requirements when the market recovers. During this critical time period, its 300mm fab cleanroom and warehouse construction project is nearing completion. The equipment will be moved in Q2, with the first tape out in Q4.