Foxconn Group plans to acquire 20 million new shares of Epileds, or will become its largest shareholder

According to industry sources, Foxconn Group members have allegedly acquired a 7.32% stake in LED epitaxial wafer and chip maker Epileds Technologies from the original shareholder Catcher Technology, and plans to acquire another 20 million new shares of Epileds, or Become the largest shareholder.

Foxconn Group plans to acquire 20 million new shares of Epileds, or will become its largest shareholder

According to sources, Epileds will issue up to 20 million new shares at a price of TWD 22 (US$0.74) per share to introduce strategic investors through private equity financing.

Sources pointed out that Foxconn Group members who become Epileds shareholders are most likely to be LED packaging service provider AOT and TFT-LCD panel maker Innolux, because their business involves LED; Foxconn's investment in Epileds is mainly due to MicroLED The prospect of technology.

In addition, Foxconn Electronics has teamed up with Innolux, AOT and Sharp to acquire the entire share capital of eLux. eLux is a US startup focused on MicroLED's massive transfer technology. According to sources, Epileds and Epistar are the only Taiwanese LED companies with RGB technology capabilities, while RGB technology is the key to MicroLED technology. Epileds' new plant in southern Taiwan will be commissioned in the first quarter of 2018 and will install 12 new MOCVD equipment, bringing the total to 30 units. However, not all 12 new devices will be available in 2018.

All In One PC 30 Inch

All In One Computer Core I5,I5 8Gb All In One,30 Inch All In One Computer,30 Inch All In One Desktop

Guangdong Elieken Electronic Technology Co.,Ltd. , https://www.elieken.com