Changzhou and Taiwan-based Lite-On Group join hands to strengthen LED

On the 27th, Taiwan’s Lite-On Group signed a contract with Changzhou City. Based on a total investment of US$600 million in the first phase, it decided to continue to increase the total investment of 450 million US dollars in the second phase and expand the scale of production.

This time, the Lite-On Group's investment in Changzhou is mainly to expand the scale of development of the Everbright East China Operations Center at Changchun. It is planned to complete the second-phase investment in three to five years. The contents include the capital increase and expansion of existing business units, research and development and manufacturing of LED lighting applications such as automotive electronics, street lamps, and indoor lighting, as well as the establishment of the East China R&D Center. At the same time, Lite-On Group and Wujin District also signed a strategic agreement for semiconductor lighting intensification. Wujin District will fully utilize the application technology and excellent products of LED street lamps provided by Lite-On Group in the process of urban lighting renovation. Both parties will jointly create an LED application industry.

Fei Gaoyun expressed his gratitude to Lite-On Group for increasing its capital. He said that the semiconductor lighting industry is one of the key industries in Changzhou. Lite-On Group can continue to expand production scale constantly and shows the confidence of the Lite-On Group in Changzhou. The governments at all levels in Changzhou will do their best to provide quality services. At the same time, Fei Gaoyun also hopes that the two sides can continue to cooperate in industrial design and other fields.

According to Song Gongyuan, Chairman of Lite-On Group, since Guangbo Huadong Operations Center was officially opened in Wujin High-tech Zone in September 2009, sales have grown at a rate of 25% to 30% each year, and will exceed RMB 6 billion this year. These are inseparable from the high-quality and efficient services provided by the governments at all levels in Changzhou. The Lite-On Group will make every effort to make the Changzhou Project the best and promote mutual benefit.

The Lite-On Group has increased its capital in Changzhou, and its upper-tier supporting company, Jingyuan Optoelectronics, has also strengthened its determination in its constant development. On the afternoon of the 27th, the Changzhou economic and trade delegation came to Jingyuan Optoelectronics Co., Ltd. Fei Gaoyun said that the construction of a modern demonstration area in southern Jiangsu will bring more opportunities and preferential policy conditions, and he hopes to further promote the deepening cooperation between Changde and Taiwan. He said that Jingyuan Optoelectronics owns the most advanced and core technology of LED products. The Changzhou economic and trade delegation is to help solve the problems in the progress of Epistar's regular projects. The government and enterprises are concentric and work together to strengthen the LED industry chain in Changzhou.

Jing Bing Chairman Li Bingjie and President Zhou Mingjun expressed that their crystal LED photoelectric epitaxial wafers and chip manufacturing projects invested in Wujin Hi-tech Zone in December 2009 have progressed very smoothly, growing faster and faster. Next they will increase equipment. With the input of technology, we also hope to cooperate with local companies in Changzhou to increase production capacity.

For the problems solved by Epistar to help solve staff quarters, municipal and district leaders have indicated on the spot that they will be resolved.