Taiwan's No.1 LED chipmaker Epistar has intended to team up with China Electronics Corp. (CEC) to build a joint venture.The investment is achieved to US$70 million by Epistar, and it's considered to be Epistar's biggest investment case in the mainland in recent years.

The Epistar-CEC venture will be used to turn out epi wafers, chips, light sources and lighting products for uses in CEC's LCD panels, monitors, television sets and lighting. It will be equipped with 30 MOCVD chambers in the initial stage and another 30 afterwards.

It's estimated that Epistar and CEC will hold an equal 45% stake in the joint venture, leaving the remaining 10% to an LED venture co-held by Epistar, TPV and Everlight Electronics Co., Ltd.

It's predicted that because of CEC's massive demands, the investment will help Epistar achieve the goal of increasing sales by at least 50%, to NT$30 billion (US$937 million ) in 2011.