Samsung 106 million chip LED to purchase prepaid, display three subsidiary

Today morning, Sanan Optoelectronics (hereinafter referred to as "the company") announcement, a wholly owned subsidiary of Xiamen Sanan optoelectronics Co., Ltd. (hereinafter referred to as "Xiamen") in February 5, 2018 and Samsung Electronics Co. Ltd. (hereinafter referred to as "Samsung") signed a "advance agreement".

Contract: in order to establish long-term business relationship, Samsung will pay Xiamen $16 million 830 thousand three (RMB) payment in exchange for Xiamen's three production lines for the production of a certain number of display products ("screen") of the LED chip, if orders Samsung Electronic monthly have the highest possible number exceeds the agreement the two sides will discuss the expansion of the conditions in advance. Xiamen Sanan and Samsung will continue to discuss Micro LED strategic cooperation, to achieve large-scale production capacity in Xiamen, Samsung will be considered as the primary supplier of Xiamen Sanan and negotiate, discuss a mutually acceptable supply agreement.

Micro LED

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