Chinese LED chip manufacturer HC Semitek announced recently, the company received RMB 6 Million (US$ 990,000) MOCVD subsidy from China’s Ministry of Industry and Information Technology (MIIT). The subsidy that was recently approved by the ministry was applied under the “Domestic MOCVD development/ Industrialization of ultra bright LED” from the ministry’s “2013 Electronic Communication Industry Development Fund Project Guide”. Under the project, all funding provided needs to be invested into equipment or material procurement.