Huacan Optoelectronics and Mu Linsen launched a strategic cooperation
Huacan Optoelectronics (300323) announced on the evening of April 10th. Recently, the company signed a strategic cooperation agreement with its main customer, Mulinsen (002745), which mainly includes Mulinsen's priority to purchase the company's products under the same conditions. Mulinsen will be in the next 3 years. The value of LED chip products purchased from the company will be no less than RMB 1.5 billion. The company will give priority to the supply of Mulinsen under the same conditions.
It is understood that Mulinsen is a major supplier of LED packaging and application products in China. Huacan Optoelectronics is a leading supplier of LED chips in China. A series of technological achievements have been made in the field of LED packaging and application, and it has the ability to produce high-quality small-pitch LED display packages. Huacan Optoelectronics small-pitch display chip has been fully mass-produced, and its high reliability and high consistency have been recognized by the client. The strategic cooperation between the two parties will accelerate the innovation and development of LED chip packaging technology in the display field, and will actively promote the downstream LED small-pitch product application market.
At present, the LED industry presents vertical and horizontal integration. In order to further extend the industrial chain and form a synergistic effect, more LED manufacturers have extended their upstream and downstream industrial chain fields, or enhanced their competitiveness through upstream and downstream mergers and acquisitions. Huacan Optoelectronics said that this cooperation will prompt the company's LED chip technology to mature in the industry competition process and make breakthroughs in high-end chip technology.
Mulinsen also said that the company's large-scale procurement of chips can effectively improve the bargaining power of chip purchases and reduce the cost of chip procurement. Large-scale chip procurement can quickly replenish stocks. Once the chip supply is tight and the price rises, the company can stock up and lock in prices in advance to ensure the stability of the chip price and reduce the fluctuation of chip prices, which will adversely affect the company's production and operation.
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