FitTech Invests in K-Jet to Strengthen Its Micro LED Development

On August 6, FitTech—an LED equipment provider—announced at its board of directors meeting that the company will spend no more than NT$50 million (US$1.8 million) on investing in K-Jet Laser Tek. The investment aims to strengthen FitTech’s technologies of Micro LED mass transfer and removal as well as precision laser processing for PCB substrates, which also helps the two companies to develop technology strategies for the Micro LED market, thereby facilitating the “cooperation within the same industry and interdisciplinary alliance” policy.


Image source: PAIXIN.COM

During the board of directors meeting, FitTech also released the company’s half-year report, stating that the 1H21 net profit attributable to shareholders of the parent company reached NT$356 million (US$12.8 million) with basic EPS of NT$5.06.

Specifically, FitTech posted revenue of NT$2.565 billion (US$92.24 million) in 1H21, with a gross profit of NT$971 million (US$34.91 million), operating profit of NT$463 million (US$16.65 million), profit before tax of NT$420 million (US$15.10 million), and profit for the period of NT$356 million (US$12.80 million). (Source: CNA)

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.

Signify, the world leader in lighting, launches Puzzle – the first luminaire of its kind to combine striking, continuous light with office compliance, task-ready performance and a breakthrough in sustainable design using 75% recycled PET... READ MORE

A compact temperature sensor from ams OSRAM monitors conditions inside a dairy cow’s body, revealing what’s not yet detectable from the outside. Embedded within the smaXtec bolus sensor, it detects physiological changes at an early... READ MORE