Development plans to Acquire $100% stake in the United States LED

Deep technology July 19th evening announcement disclosed that its joint venture company intends to acquire the entire equity interest of the development of crystal of an American LED company, the transaction price of $130 million, the development of crystal and strategic investors will jointly bid, the company's shares will be July 20th opening date for resumption of the morning.

Announcement shows that the development of crystal technology holdings of 47.88% of the joint venture, is a platform for the development of China's electronic LED industry. According to the needs of the future development of the strategic layout and development group of LED crystal, LED chip and package on the subject of the proposed acquisition of enterprise has worldwide patent technology advantage based on the development of crystal and strategic investors intends to $130 million acquisition of the target enterprise combined 100% stake.

Deep science and technology in the announcement did not disclose the specific name of the target enterprise only said that the proposed acquisition of overseas target enterprise is a company located in the United States engaged in LED chip, package and optical module products R & D, manufacturing business of the company. Currently has more than 750 patents on LED chips and packaging in the global scope, and with CREE patent cross licensing. Its products can be sold in the global patent risk. The high power and high brightness LED packaging technology and Cree (USA), Philips (Europe), Citizen (Japan) and other famous, in a global leadership position, and now has more than 200 global customers to establish a sales relationship. The acquisition of equity funds is mainly the development of crystal self financing, part of the strategic investors.

Deep technology said that this equity if the acquisition is successful, the development of crystal is equivalent to the control of all the subject of the proposed acquisition of enterprises and patent cross licensing, can be carried out from the chip to the module of product integration and the development of vertical Gan on silicon chip, master chip, wafer, package, white light, the optical design of a number of core technologies, let the development of crystal to enter Europe and the United States, Japan and South Korea and other high-end global LED industry supply chain, for the future development of built a vast room for growth. At the same time the development of crystal LED industry layout will be more perfect.

As an important member of China's electronic, deep science and technology early has conducted a number of capital operation, and the expression from the information point of view, if the news has specific announcement, will also be the field of domestic led a very important merger.

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