The morning of June 25 saw the groundbreaking of Donghan Semiconductor's Guangzhou base, located in the Future Industry Innovation Core Area of Guangzhou Private Science and Technology Park in Baiyun district.

Invested by South Korea's STI, a global leader in silicon carbide semiconductors, the project is based on an investment of over 10 billion yuan ($1.47 billion).

Its first phase, worth 2.3 billion yuan, will produce AMB ceramic substrates, the core material for power semiconductors. It is set to exceed 3 billion yuan in annual output value when fully operational.

As a key foreign-funded project and benchmark for new-quality productive forces in Baiyun, the project will form upstream-downstream synergy with VeriSilicon's South China R&D Center, a leading domestic semiconductor firm that settled in the district earlier.

It will complete the critical link from chip design to core material manufacturing, accelerating the build-up of a full industrial ecosystem covering design, manufacturing and packaging testing.

A rendering of the project. [Photo/WeChat account: gz_baiyunfabu]

The project also exemplifies "Baiyun speed" in terms of investment promotion. The investment agreement was signed in less than a month of first contact, and land approval was secured in just two weeks to enable "immediate construction upon land acquisition".