Epistar refuted setting up a new joint venture in china with Lumens and Hanso LCD

Recently, LED chipmaker Epistar thought those reports was a rumor, that Epistar, Lumens and backlight unit (BLU) maker Hansol LCD would set up a joint venture in eastern China, with 10 billion won (US$8.84 million), 30 billion won and 10 billion won investment respectively.

Epistar spokesman Chang Shie-Shien noted that Epistar hadn』t known anything about the deal and nothing related to it was being discussed.

It was reported that the three companies planed to together invest a new LED company, in order to undertake integrated production of LED epitaxial wafers, chips and BLUs, with LED BLUs to be supplied to Samsung Electronics.

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