Hoshine Silicon Industry has made an announcement stating that the company, along with its subsidiary Alpha Semiconductor, is joining forces with the government of Xiaoshan District in Hangzhou and the Management Committee of the Xiaoshan Economic and Technological Development Zone. This collaboration aims to drive forward the "Hoshine New Energy High-End Manufacturing Industrial Park Project."

The overall investment slated for this project is around 11 billion yuan. This encompasses two key components: a silicon carbide-related project with an investment of approximately 7.2 billion yuan, and a power device module project with an investment of about 3.8 billion yuan.

The project's execution will follow a phased approach. The initial phase is planned to involve an investment of roughly 1.4 billion yuan. By the end of 2025, it is anticipated that 70% of the civil engineering work will be accomplished, with a cumulative investment reaching approximately 589 million yuan.

The second and third phases of the project are still in the planning stages. As of now, there are no definite investment plans for these subsequent phases, and the investment process for them has been temporarily put on hold.

On January 28, 2026, the company's board of directors gave its approval to a supplementary confirmation proposal concerning this project.