Wuhan-based LED producer HC Semitek announced it is launching nine new development projects, with support from the Yiwu Information and Optoelectronics Hi-Tech Industrial Park.

One of these future new projects involves the development of components for Micro-LED displays. HC Semitek's investment in these nine projects will be $1.7 billion (this also includes the company's expansion and buildings in the Yiwu industrial park). The construction of HC Semitek's new facilities will be completed by 2025.