Core Insights - The project signed involves a total investment of 1.6 billion yuan, aimed at establishing a global IC R&D center and production lines for display modules and terminal products OEM, with plans for expansion before 2024 [2] - Upon reaching full production capacity, the project is expected to yield an annual output of 13 million micro display modules and 3 million XR devices, generating an estimated annual output value of 9 billion yuan and creating over 500 jobs [2] - The project is a strategic move for Anhui Xitai Intelligent Technology Co., Ltd. to capitalize on the explosive growth of the global XR market, enhancing the company's production capacity and technological level, and expanding its business value chain [2] Company Overview - Anhui Xitai Technology is recognized as a national high-tech enterprise and a specialized and innovative enterprise in Anhui province, holding over 470 patents, with more than 60% being invention patents [3] - The company has been awarded titles such as "Leading Enterprise in China's New Micro Display Technology," and its products are widely used in AR/VR/MR headsets, smart wearables, industrial inspection, and medical imaging [3] Industry Impact - The project represents a significant step for Meishan Tianfu New Area in advancing its high-end layout in the new display industry, injecting strong momentum into the electronic information industry ecosystem in the Chengdu-Chongqing economic circle [2] - This initiative is expected to reshape the competitive landscape of core components in the XR terminal sector in the southwestern region of Sichuan [2]