The Changzhi Municipal Government of Shanxi Province is optimistic about Huashang Optoelectronics Technology and decided to invest with Huashang to set up an LED factory in Changzhi City to jointly develop LED lighting in the mainland. On December 8th, the board of directors of Huashang signed a joint agreement with Changzhi City, Shanxi Province, China. Cooperation contract, the two sides cooperated to create a new LED fab in Changzhi to produce ultra-high brightness LED chips.
It is reported that the new LED factory produced in this cooperation case is currently called “Shanxi Changzhi Huashang Co., Ltd.â€, which is the main body established by the Changzhi Municipal Government to lead the development of the private industry. The Changzhi Municipal Government invested RMB 50 million. The private enterprise invested RMB 200 million, and the current deputy mayor of Changzhi City served as the chairman of the board, which is the counterpart company that cooperates with China. The first phase plans to supply 1 billion ultra-high brightness LED chips for production capacity. Provided by Huashang Optoelectronics to provide factory support and technical services, the initial capital reserve is RMB 300 million, the mainland “Changzhi High-tech Industry Investment Company†contributes 60%, and Huashang Optoelectronics contributes 40% (RMB 120 million, total NTD) 5.7 billion yuan), and Huashang Optoelectronics provides relevant production technology and patents.
After the two parties signed a joint venture contract, Huashang Optoelectronics will be able to collect a premium of RMB 270 million (a total of NT$ 1.3 billion) in the next two years, and gradually deploy a huge business opportunity to attack the mainland LED TV. The initial general manager candidate will be appointed by Huashang, while the Changzhi high-tech industry will be responsible for funds and business matters with the five major power plants.
It is understood that the new LED factory is the first LED fab established by the cross-strait joint venture. The Chinese side still has to go through the review of the Ministry of Economic Affairs. Huashang believes that it should be passed smoothly. The fastest in early January and early February 2010 Can be formally established. Guo Kaiyuan, general manager of Huashang, said that the cooperation case was provided by Huashang Technology, Changzhi was responsible for funds and estuary, jointly attacked the LED TV market of China's five major power plants, and the huge business opportunities of LED backlight modules to replace CCFL. (Edit: Looking up at the stars)
Chengdu vigorously introduces LED companies to settle in the agreement investment will reach
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