OVC's semiconductor industry surpasses 100b yuan milestone

The Wuhan Optics Valley Compound Semiconductor Industry Exchange Conference took place on Nov 22. Industry representatives engaged in discussions on compound semiconductors, focusing on silicon carbide materials, chips, equipment, and supply chain integration.

Entrepreneurs expressed optimism about the future of compound semiconductor industry in Wuhan East Lake High-tech Development Zone (Optics Valley of China, or OVC). As the costs of silicon carbide chips and devices continue to plummet, their use is expected to expand significantly in fields such as electric vehicles and major appliances. 

The industry leaders urged Wuhan and OVC to leverage their "optical-vehicle synergy" advantages, providing support in areas like supply chain coordination, equipment validation, and risk management, to foster innovation and achieve new industry heights.

OVC has positioned compound semiconductors as the second growth driver for its semiconductor industry, attracting key enterprises such as YOFC and Jiufengshan Laboratory. With a comprehensive semiconductor supply chain and a total industry fund exceeding 20 billion yuan ($2.82 billion), OVC has become a national semiconductor hub. By the end of 2025, the semiconductor industry in the zone is projected to surpass 100 billion yuan.

During the 15th Five-Year Plan period (2026-30), OVC aims to establish itself as the "World Storage Capital". This plan includes developing two major industrial zones worth 100 billion yuan each, focusing on storage and compound semiconductors, with an anticipated addition of 10 wafer fabs, potentially boosting chip production capacity to 500,000 wafers per month.