Chi Mei new company involved in the upstream areas of LED

In January 2nd, CMO (CMO) by the Taiwan Stock Exchange (TSE) to clarify the economic daily (EDN) Chinese version of the report, the report said the panel manufacturers CMO investing in a new company production of sapphire crystal rod.

Statistics show that in October the company led by Qi Qi Yuan led investment, the establishment of a new company, Yuan odd get nearly 20% of the shares of the new company.

The new company has been certified by the Ministry of economic affairs of Taiwan, the capital of 360 million NT ($11 million 900 thousand), is expected to be the end of this year will enter the field of sapphire crystal rod production. Sapphire crystal rod is the key material for the LED chip, and the majority of manufacturers in Taiwan, the main material required by overseas imports, while the move is expected to break the pattern of cmo.

Source: China Semiconductor Lighting Network