Seoul semiconductor subsidiary intends to purchase 50% stake in SETi

China LED net news] according to South Korean Daily reported that the Seoul semiconductor subsidiary of SETi (Sensor Electronic Technology) proposed merger proposal approved by the U.S. Department of defense. Seoul semiconductor, said: Seoul Viosys is a subsidiary of Seoul semiconductor, after the U.S. Department of defense agreed that the recent acquisition of SETi's up to 50% of the shares, of which 6% for friendly investment. The U.S. Department of defense agreed that the focus of the merger is that this will help companies expand UV LED career.

Seoul has for the first time in the United States semiconductor manufacturer UV LED prepared by the management changes, become SETi's largest shareholder, Seoul to the South California semiconductor upgrade UV LED chip factory shipped three times to the original. Seoul Visoys since 2005 began to cooperate with SETi, commercialization of radiation wavelength of 350 nanometer UV chip LED commercialization. At the same time, we must grasp the management authority, the dominant strategy of business development and expand the production of UV LED road.

SETi's UV LED chip is an important component of the space and defense industries, the Seoul Viosys must be approved by the international arms trade act (ITAR) and the U.S. Foreign Investment Committee (CFIUS). The international arms trade Ordinance is only used to prevent improper use of weapons technology. Any dangerous goods subject to the control of the international arms trade regulations to other countries or entities must obtain the export license issued by the U.S. government.

According to Seoul semiconductor, Seoul Viosys was founded in 2002. Viosys Vc firms Nitride Semiconductor proposed joint research and development and technical cooperation with Seoul semiconductor, the development of long wavelength radiation (360 nm to 400 nm) UV LED sector.

[Edit]: the last update date is August 4, 2015. According to the trusted source to remove part of the South Korean daily false alarm content. (Chinese LED net Emmachang)

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