Hannstar Acquires HannsTouch Plants and Equipment with NTD 2.7 Billion to Deploy Mini/Micro LED

In a press conference held on November 5th at the TWSE, Hannstar announced that it will pay NTD 2.77 billion to acquire the buildings and factory facilities of HannsTouch located at 1-3F., No. 7, Beiyuan 1st Rd., Shanhua Dist., Tainan City, in order to develop Mini/Micro LED panels for future development and operation.

HannsTouch spokesperson Huang Boqiang said at the meeting that the transaction amounted to NTD 2.77 billion. The transaction covers a building area of 28,086.64 pings and there is a gain of NTD 210 million from the disposal. The buildings and factory facilities sold to Hannstar are idle assets, and the sale will have no impact on the future revenue and shareholders’ equity of HannsTouch.

Hannstar spokesperson Chien Hongyi pointed out that the acquisition of HannsTouch’s idle plants in Tainan Science Park is mainly for the purpose of future operation and the development of Mini/Micro LED panels. After the deal is completed, Hannstar expects to enter into the market for products featuring small- and medium-sized Mini LED panels such as wearable devices, pads, NBs and automotive equipment. It is also looking to tackle the Micro LED market to enhance the competitiveness of its existing panel products.

(This article is reprinted with permission from TechNews; Image Source: TechNews)

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

 - Osconiq E 2835 CRI 90 (QD) expands ams OSRAM's portfolio of lighting solutions that provide very high quality in a new mid-power LED. - In-house Quantum Dot technology ensures outstanding efficiency values of over 200 lm/W, even at... READ MORE

San Jose, CA – July 13, 2021 – Lumileds today introduced its new LUXEON 2835 Commercial LEDs engineered and designed to support the growing demand for a high volume, high-efficacy mid-power LED to serve commercial indoor lighting a... READ MORE