Recently, Taiwan's LED factory Dingyuan (2426) announced that it will establish a joint venture with the Fuzhou government of China for 353 million yuan to set up Fuzhou Zhaoyuan Optoelectronics LED Factory in Jinshan Industrial Zone, Fuzhou, China. It is expected to be completed in the second half of 2011.
In the first stage of Fuzhou's new plant, LED epitaxial and chip technology will be set up. It is expected that there will be 30 MOCVD in the initial stage. After the first phase of the project is completed and put into production, the second phase will be invested according to the situation. LED packaging production equipment.
Dingyuan executives pointed out that the Chinese government strongly supports the promotion of LED development. In addition to supplying the existing customers to Dingyuan, the Fuzhou joint venture is also expected to supply directly to China's end customers.
Established Fuzhou joint venture company, Dingyuan invested 153 million yuan (about 22.5 million US dollars), Fujian Electronic Information Group Co., Ltd. invested 200 million yuan.
In addition, Dingyuan also established a joint venture with Shaanxi Shenguang Energy Technology Co., Ltd., Xi'an Dingyuan Shenguang Optoelectronics, which is mainly engaged in LED lighting and has started production in early June. The company's total capital is 150 million yuan, and the target for China's street lamps in 2010 is 8,000 baht, which has been produced one after another.
Due to quarterly reasons, Dingyuan expects Q4 revenue to decline slightly from Q3, with a quarterly decrease of about 10~20%.
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