Longda Electronics announced today (27) that it will be approved by the board of directors of both parties to conduct long-term cooperation agreement with CREE, Inc. for blue LED dies. US Cree invested US$83 million (approximately RMB 5,066,580,000). Yuan) invested in Longda Electronics to hold 83 million shares of Lunda Electronics at NT$30 per share (approximately RMB6.1635). Longda will provide US Cree Blue LED chips for a long time. Rapid growth in the LED lighting industry.

In addition, Ronda Electronics will also receive patents related to LED chips and components from Cree. In the future, Cree will hold approximately 13% of the equity of Lunda Electronics and become a strategic lighting customer of Lunda Electronics.

Dr. Su Fengzheng, Chairman and CEO of Ronda Electronics, said that Ronda has many years of specialization technology and stable estuary in the field of small and medium power backlight and lighting applications. In addition to high-power LED components, Curry has Leading technology and industrial status, in the lighting application market has also developed rapidly in recent years.

The cooperation between Ronda and American Cree will help Ronda to develop steadily in the fast-growing LED lighting field. At the same time, the upstream die will have a stable seaport, and the Ronda technology and product competitiveness will be extremely improved. Great help. In addition, this time through the mutual patent licensing of both parties, the future development of both technologies and products can be shared and the competitiveness of each other can be increased.

Chuck Swoboda, Chairman and CEO of Cree, said that he is very excited about the deepening cooperation with Taiwan's Ronda Electronics, which will accelerate the mutual growth of both LED and lighting markets.

In the future, Cree will acquire high-quality medium-power LED dies from Ronda Electronics, and Cree can focus on the development and production of high-power LED dies that it specializes in to enhance differentiation. This cooperation case will make the company's Career more flexible in terms of operation and finance, and also create the maximum benefit for the company and investors.

Ronda said that the private equity case has been approved by the board of directors of both parties, but it still has to go through the approval of the investment review meeting and the shareholders meeting and other relevant procedures.

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