Yingrui Optoelectronics plans to start production of Konka as major shareholder in the first half of the year
Zhang Weijing, founder of SMIC (00981.HK), responded to the “First Financial Daily†on March 31, when he launched the LED (Light Emitting Diode) project, a new LED (Light Emitting Diode) project in Shanghai’s Lingang New City. The company is expected to go into production in the first half of the year. "In the middle of this month, we will move into the machine (refer to arrange the relevant machines gradually in place)."
Yingrui Optoelectronics was founded in August 2010. The initial investors include Konka, Hong Kong Quan Teng Co., Ltd., Beida Jade Bird and SBI & BDJB TECHNOLOGY LTD, which hold 36%, 30%, 18% and 16% respectively. Among them, Konka invested US$22.5 million.
Hong Kong Quan Teng Co., Ltd. is a company founded by Zhang Yujing, and SBI & BDJB TECHNOLOGY LTD is an investment company jointly established by Beida Jade Bird Huanyu Technology and Japan Softbank, each of which holds 50% of the shares. This means that Softbank holds about 8% of the shares of Yingrui.
Zhang Yujing said that Yingrui Optoelectronics will integrate the experience and technology of the development of the integrated circuit industry and enter the field of materials, unlike many mainland companies that currently focus on polysilicon production, diode manufacturing and downstream terminals, which will help to avoid many industries. risk.
After Zhang Jianjing founded SMIC, he entered the solar business in 2006 and has been profitable for 3 years. However, after he left the company, SMIC has turned its losses into a whole, and has transferred its solar business to Jiangsu Linyang New Energy, a NASDAQ listed company.
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