LCD (8171-HK) and Chi Mei Electronics contract LED and memorandum of cooperation

Technologyquasar communication announced, comprehensive cooperation on the new LED light source products and LCD industry products and technology with Qili photoelectric and CMO, a memorandum of understanding. According to the memorandum, the company will LED R & D and production, product specifications to provide market demand indicators, the establishment of LED application demonstration base in mainland cities and provide access to domestic demand for LED. On the other hand, Qili will provide LED photoelectric components and related parts suppliers, LED assembly and manufacturing processes and training for the company designated by the manufacturer, and the long-term supply of spare parts to the new manufacturer LED specified in the company. Chi Mei Electronics will also provide the company with LCD related products and other final products.

Source: Finet