BOE and Formosa Epitaxy Involve Stock Investment

Taiwan Formosa Epitaxy Inc. (FOREPI) is reported to sign a deal to form an alliance with BOE Co., Ltd. by allowing BOE to hold part of its stocks. The company chooses FOREPI as its partner based on the Taiwanese company’s quality and past cooperation with LCD makers Chimei Innolux Corp. and Samsung.

It comes on the heel of San’an Optoelectronics Co., Ltd., mainland China LED chipmaker, which is reported to invest in Genesis Photonics Inc.

According to Industry executives, BOE has branched out into LED lighting from TV manufacturing, needing a quality LED sources not only for its TV backlights but also for its lighting fixtures. Reported to secure a steady supply of quality devices, the mainland’s TV giant decided to invest in FOREPI.

in addition, informed sources pointed out that the two companies are vigorously pushing for the cooperation deal as they are eager to co-develop next-generation LED backlights for TVs.

LED packager Unity Opto Technology Co., Ltd., FOREPI’s prime shareholder, will join the cooperation by using a factory in Beijing, which is still under construction, to produce packages for BOE’s lighting fixtures.

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