The first line of 25 million U.S. dollars in Korea LED chip factory

San San - December 9th news, the first line of thought announced that the company's wholly-owned subsidiary Wavesquare China yesterday with the company Wavesquare entered into a memorandum of understanding.

Accordingly, Wavesquare China will be through its own or subsidiary in South Korea to set up a factory, the factory will be Wavesquare China wholly owned and will be in South Korea engaged in the manufacture of LED chip, and is responsible for providing funds for the required total capital expenditure is expected to be less than $25 million, and is responsible for the establishment of factories, including plant construction and application for factory factory business required permission and authorization. While Wavesquare is at fair market price, the purchase of all LED chips manufactured by the factory, and provide all the technical, management and technical support for the production of LED chips, and the cost borne by the Wavesquare itself.