The Standing Committee of Nghe An Provincial Party Committee approved the policy of adjusting the total investment of the project to produce silicon bars and semiconductor discs in Hoang Mai to 440 million USD.

Previously, the project was approved by the Provincial Party Standing Committee in the investment policy in Notice No. 93-TB/TU, dated June 22, 2023, and was granted the first Investment Registration Certificate by the Southeast Economic Zone Management Board on the same day.

Accordingly, the project to produce silicon bars and semiconductors in Nghe An is invested by Runergy PV Technology Co., Ltd, a member of Jiangsu Runergy New Energy Technology Co., Ltd in Hoang Mai I Industrial Park, Hoang Mai town, in the Southeast Economic Zone, Nghe An.

The investor has established Runergy PV Vietnam Technology Co., Ltd. to implement the project. Accordingly, the total initial investment of the project is 293 million USD (equivalent to more than 6,821 trillion VND) on a land use area of ​​286,062m2.², to produce 14,635 tons of silicon bars/year and 995 million semiconductor wafers/year.

With the adjustment of the investment level to increase by 147 million USD, bringing the total investment of the project to 440 million USD (equivalent to more than 10,243 trillion VND), the project will increase production capacity by 24,255 tons of silicon bars/year and 1,515 million semiconductor wafers/year, bringing the capacity and products of the project after adjustment to 640,059 silicon bars/year (equivalent to 38,890 tons/year); 2.51 billion semiconductor wafers with size over 182mm/year (equivalent to 28,140 tons/year).

The project's land lease area will also increase from 286,062m² up to more than 302,717m²to arrange construction items to meet the project's production line after capacity adjustment.

With the increase in investment capital for the silicon bar and semiconductor production project of Runergy PV Vietnam Technology Co., Ltd. by an additional 147 million USD, the FDI capital "poured" into Nghe An from the beginning of 2023 to now reaches 957 million USD.