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News

30 March 2007

 

Taiwan LED chipmakers Touchtek and Uni Light merge

Taiwanese LED chipmakers Touchtek Corp and Uni Light Technology plan to merge on 1 August (with 1.7 shares of Uni Light being swapped for each Touchtek share), according to filings with the Taiwan Stock Exchange (TSE) from both companies on March 27, says the DigiTimes website. The merged company will retain the name Touchtek.

Based in Chunan, Miaoli County, Touchtek was founded in 1992 (although its LED business was only established in 2000). Uni Light Technology was founded in 1998 and is located in the Taoyuan Kuishan Industrial Zone, and makes LED epiwafers as well as chips. The two companies aim to combine their resources and technologies to further reduce production costs and the risks of monopolization of LED materials, the filing explains.

According to the Chinese-language Economic Daily News (EDN), the combined capital should be NT$1.06bn, with Taiwan Oasis Enterprise remain the largest Touchtek shareholder (with 30-40%).

Uni Light focuses mainly on AlInGaP LED chips. However, it currently has nine systems for making blue InGaN-based LED chips (at a monthly capacity of 32m units), according to EDN. Touchtek has a total LED chip capacity of 700m units per month.

Visit Touchtek: http://www.touchtek.com.tw

Visit Unilight: http://www.unilight.com.tw