By Li Panpan

(JW Insights) Jul 3 -- Seven projects in smart sensor, semiconductor, and LED started construction in Jiaxing city in eastern China’s Zhejiang Province on June 29 at a groundbreaking ceremony organized by the local industry park.

Guangchu Technology with its smart sensor project, ASH Semiconductor Equipment Technology, Shimukang Technology, and Lande Electronics with its LED project are among the seven projects, which reportedly involve a planned total investment of over RMB3.9 billion($537.72 million).

With a total investment of $120 million, Guangchu Technology's smart sensor project covers an area of 43.9 thousand square meters. It is is a cooperation with Chuhang Technology and will become Chuhang’s largest production base in eastern China after it settles down.

ASH Semiconductor Equipment Technology’s project has a planned total investment of RMB300 million ($41.36 million). It will produce 4,000 sets of intelligent semiconductor equipment and 1,000 sets of semiconductor-cutting workbenches annually.

Shimukang Technology’s project has a total investment of $100 million, with an annual output of 600,000 semiconductor silicon substrates, 200,000 silicon targets, and 1 million photomask quartz plates. Its expected annual output value will be over RMB400 million ($55.15 million).

Lande Electronics’ LED project plans a total investment of RMB100 million ($13.79 million). The project will produce 30 million meters of LED light strips and 300 million LED lamp beads annually.