Aucksun Jiangsu Subsidiary Receives RMB 15 Million MOCVD Subsidies

Aucksun Jiangsu Co. announced recently that People’s Government of Qinghe District, Huai’an has granted a RMB 15 million (US $2.4 billion) technology subsidy to the company’s subsidiary Huai’an Optoelectronics (Huai’an Opto) . The subsidy is related to importing MOCVDs and associated equipment.

Huai’an Opto mainly produces and distributes LED epiwafers and chips. The allotted technology subsidy will help drive up the company’s LED business growth potential in the future, but will have little impact on 2014 performance.

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