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Everlight Electronics, LG Display and AmTRAN to Form Joint LED Packaging Firm
June 4, 2010... LED packaging company, Everlight Electronics, announced a joint
venture for a new LED packaging company in WeJiang City, JiangSu
Province, China. The joint venture will be with LG Display, an innovator of TFT-LCD
technology, and AmTRAN Technology, a computer display and flat panel TV manufacturer. The new packaging firm will provide LED Packaging for the LED/LCD TV Market
Everlight will contribute its extensive and
long-term LED packaging know-how and management expertise; LG Display will contribute expertise as a leading manufacturer of LCD
display technology and products; and AmTRAN will offer R&D and manufacturing.
The companies plan to collaborate and share resources to provide
LEDs for the LED-backlit TV market.
The new company plans to start operations and mass production at the end of $2010. The joint company will be funded USD$ 30 million in financing. The participating companies hope to tap into the fast growing LED backlight market. See the Current Industry News Summary
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