Taiwan Hongqi Technology Suspension and TCL Joint Venture LED Packaging Factory Project

March 16, 2023

On June 27th, Taiwan's LED packaging factory Hongqi Technology announced that the joint venture content concept has always been different. Based on the overall consideration of the future, it announced that it will suspend the joint venture with TCL Group for 2 years to set up a LED packaging factory, and transfer 50% equity. To the TCL Group.

On June 24, 2011, TCL Group and Taiwan's Hongqi Technology Co., Ltd. (hereinafter referred to as “Hongqi Technology”) wholly-owned subsidiary Harvatek (Hong Kong) Limited officially signed a joint venture in Huizhou to jointly invest in LED packaging. Cooperation agreement for the project.

It is reported that TCL and Taiwan Hongqi jointly invested 200 million yuan, each of which holds 50% of the shares, and jointly invested in the research and development, manufacturing and sales of LED device packaging products. The project design capacity will reach 2 billion packaged products in the first year after production, and the planned annual output value will be 1.3 billion yuan.

Li Dongsheng, chairman of TCL Group, said on Weibo in 2011 that cooperation with Hongqi Technology will enable TCL to have quality and cost leadership in LED key chips. In recent years, the sales of TCL LCD TVs and mobile phone products continue to grow at home and abroad. TCL Group has increased demand for LED TV backlights, mobile phone backlights and LED lighting. At this time, the LED industry is deployed to optimize and adjust the TCL industrial structure and improve the layout of the LCD industry. To build a full industrial chain has important strategic significance.

Hongqi Technology was established in Taiwan in 1995. The main investor is Taiwan Unicom Group, which is dedicated to the R&D, design, manufacture and testing of semiconductor wafers and LED packages.

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