The total investment of this project is expected to exceed 20 billion yuan, with a total investment of 8 billion yuan in the first phase, focusing on the research and production of third-generation semiconductor power devices, with a planned annual production of 360000 6-inch silicon carbide wafers. The project broke ground on September 1, 2023, completed the topping out of the main structure in June 2024, and welcomed the first batch of equipment in December 2024. According to the latest news, the project has now entered the final commissioning stage of equipment. It is expected that mass production can be completed by the end of April and the beginning of May 2025, which is ahead of the original plan. After the project is completed, it will effectively alleviate the demand for high-end chips in domestic new energy vehicles.

In addition, Optics Valley is planning to build a 7 square kilometer memory industry innovation block and a 14 square kilometer compound semiconductor industry innovation block, providing 1 million square meters of standard factory buildings every year, establishing Optics Valley High Quality Development Fund, and adding a parent subsidiary fund cluster covering the entire life cycle of angel funds, venture capital, mergers and acquisitions, with a focus on investing in the optoelectronic information industry such as integrated circuits.