https://www.trendforce.com/news/new...gs-first-8-inch-sic-wafer-plant-got-approval/
On June 25, the Innovation and Technology Commission under the Innovation, Technology and Industry Bureau of the Hong Kong SAR Government announced that the application submitted by Jizcube Semiconductor (Hong Kong) Limited for the “New Industrial Acceleration Scheme” has been approved by the assessment committee.
The approved project involves the construction of a wide band-gap semiconductor silicon carbide (SiC) wafer manufacturing facility in Hong Kong. With a total budget exceeding HKD 700 million, the project will receive HKD 200 million in funding from the New Industrial Acceleration Scheme. This funding is expected to significantly boost Hong Kong’s advanced semiconductor manufacturing capabilities and accelerate its development in the wide band-gap semiconductor sector.
Jizcube was incorporated in Hong Kong in October 2023 and officially began operations in June 2024, concurrently launching its global R&D center. The company, located in Hong Kong Science Park, is planning to build Hong Kong’s first 8-inch vertically integrated SiC wafer fab (IDM). Design work for the plant is currently progressing smoothly, with mass production expected to begin in 2027.
Jizcube Semiconductor is a subsidiary of Jifang Semiconductor (Shanghai) Co., Ltd., which was founded in Zhangjiang, Shanghai in October 2021 by leading figures and seasoned experts in China’s semiconductor industry. The parent company has also attracted strategic investment from sectors such as semiconductors and new energy vehicles.
The approval of this landmark project is attributed to the Hong Kong SAR Government’s New Industrial Acceleration Scheme, which aims to upgrade Hong Kong’s industrial structure and attract more high-tech enterprises to establish and grow their presence locally. The scheme adopts an innovative 1:2 matching fund model between government and enterprise, specifically supporting businesses that set up new smart production facilities in Hong Kong.
To qualify for funding under the scheme, enterprises must meet several criteria. First, the investment amount must not be less than HKD 200 million, and the total project cost must reach at least HKD 300 million. Additionally, supported enterprises should focus on strategic industries identified by the Hong Kong SAR Government, including biotech and health, artificial intelligence and data science, and advanced manufacturing and new energy technologies. The maximum amount of government funding per enterprise is capped at HKD 200 million.
On June 25, the Innovation and Technology Commission under the Innovation, Technology and Industry Bureau of the Hong Kong SAR Government announced that the application submitted by Jizcube Semiconductor (Hong Kong) Limited for the “New Industrial Acceleration Scheme” has been approved by the assessment committee.
The approved project involves the construction of a wide band-gap semiconductor silicon carbide (SiC) wafer manufacturing facility in Hong Kong. With a total budget exceeding HKD 700 million, the project will receive HKD 200 million in funding from the New Industrial Acceleration Scheme. This funding is expected to significantly boost Hong Kong’s advanced semiconductor manufacturing capabilities and accelerate its development in the wide band-gap semiconductor sector.
Jizcube was incorporated in Hong Kong in October 2023 and officially began operations in June 2024, concurrently launching its global R&D center. The company, located in Hong Kong Science Park, is planning to build Hong Kong’s first 8-inch vertically integrated SiC wafer fab (IDM). Design work for the plant is currently progressing smoothly, with mass production expected to begin in 2027.
Jizcube Semiconductor is a subsidiary of Jifang Semiconductor (Shanghai) Co., Ltd., which was founded in Zhangjiang, Shanghai in October 2021 by leading figures and seasoned experts in China’s semiconductor industry. The parent company has also attracted strategic investment from sectors such as semiconductors and new energy vehicles.
The approval of this landmark project is attributed to the Hong Kong SAR Government’s New Industrial Acceleration Scheme, which aims to upgrade Hong Kong’s industrial structure and attract more high-tech enterprises to establish and grow their presence locally. The scheme adopts an innovative 1:2 matching fund model between government and enterprise, specifically supporting businesses that set up new smart production facilities in Hong Kong.
To qualify for funding under the scheme, enterprises must meet several criteria. First, the investment amount must not be less than HKD 200 million, and the total project cost must reach at least HKD 300 million. Additionally, supported enterprises should focus on strategic industries identified by the Hong Kong SAR Government, including biotech and health, artificial intelligence and data science, and advanced manufacturing and new energy technologies. The maximum amount of government funding per enterprise is capped at HKD 200 million.
