Foxconn invests in Epileds, gears up for microLEDs

May 11, 2018 //By Julien Happich
Foxconn invests in Epileds, gears up for microLEDs
According to a news report from DigiTimes, members of the Foxconn Group have taken over a 7.32% stake in LED epitaxial wafer and chip maker Epileds Technologies from the original shareholder Catcher Technology and plan to acquire up to 20 million new Epileds shares to become its largest shareholder.

According to the report, Epileds will issue up to 20 million new shares at a tentative price of NT$22 (US$0.74) per unit to introduce strategic investors via private placement.

DigiTimes speculates that the Foxconn Group members that have become Epileds shareholders are possibly LED packaging service provider Advanced Optoelectronic Technology (AOT) and TFT-LCD panel maker Innolux, since their operations are related to LEDs.

Foxconn Electronics, the flagship of the group, together with Innolux, AOT and Japan-based Sharp have acquired the whole ownership of eLux, a US-based startup specialized in micro LED mass transfer technology. According to DigiTimes' sources, Epileds and Epistar are the only Taiwan-based LED firms that have RGB technological capability, which is key to micro LED technology.

Epileds started production at a new factory in southern Taiwan in first-quarter 2018 and is installing 12 new MOCVD sets to reach a total of 30. However, not all of the 12 new sets will come into operation in 2018.

DigiTimes -

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