Benefit from the subsidy from the China government amid significant market demand, Taiwan LED chipmaker Tyntek has decided to pour 153 million yuan (US$4.94 million) to build a LED production joint venture with the Fuzhou government in China. The total investment for the joint venture will achieve to 353 million yuan.

According to Tyntek, it schedules to focus on LED epitaxy wafer and chip production in the first phase development with the installation of 30 sets of MOCVD equipment as well as to start production in December 2012.
 
In tandem, second phase development is to install LED packaging equipment in order to gain market share in the backlighting and general lighting market in China.

Additionally, based on the market situation, Tyntek’s capacity of the joint venture may expand to 100 MOCVD sets in 3.5 years.