According to local media reports in Taiwan, Taiwan UMC may invest a total of 300 million U.S. dollars in Jinan, Shandong Province, and join hands with Jingyuan Optoelectronics to build a complete LED industry chain.
UMC responded that the company's investment in the mainland will be disclosed through documents submitted to the Taiwan Stock Exchange.
In December last year, UMC announced the establishment of a subsidiary company invested in Shandong for 1 million US dollars. The new subsidiary will participate in UMC's manufacturing and sales of LEDs. On December 15, UMC announced plans for a $8 million project in Shandong Jianzi, focusing on the design, manufacture and sale of LED chips. In November last year, UMC announced a capital injection of 2.4 million US dollars for Yangzhou's subsidiaries engaged in LED back-end services.
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