Formosa cooperated with Mitsui to develop Chinese and Japanese market

It’s reported that Japan-based Mitsui & Co, which had a huge business network with business involving in the monitor and automobile industries, would purchase 74.693 million to Taiwan LED chipmaker Formosa Epitaxy’s private placement, with having a 15% stake, while Unity Opto Technology would increase its investment and purchase 15.307 million of stake.

In order to expand capacity, Formosa would rise about NT$3.2 billion of funding totally. Through the private placement, Formosa and Mitsui planed to develop LEDs for monitor and TV back lighting in short time, lighting market for mid-term effect and automobile market for long-term effects, with focusing on Chinese and Japanese market.

Thought its cooperation with Mitsui, Formosa planed to attract more strategic partners, especially Japanese customers, with Mitsui's business network and industrial experience.

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