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Taiwan’s Epistar says it’s in talks to invest in China ventures

Premier Liu Chao-hsiuan (right) visited Epistar Corp. in Tainan Science Park in this Apr. 24, 2009 file photo. Epistar Corp. said it is in talks with ...

Premier Liu Chao-hsiuan (right) visited Epistar Corp. in Tainan Science Park in this Apr. 24, 2009 file photo. Epistar Corp. said it is in talks with ...

Epistar Corp. (晶元光電), Taiwan’s largest maker of light-emitting diodes, said it is in talks with mainland companies and municipalities about ventures to sell its products to the Chinese government.

“We have some investment projects we’re discussing in mainland China,” Rider Chang (張世賢), a spokesman for Hsinchu, Taiwan- based Epistar, said Tuesday. “The Chinese want to convert traditional street lamps into LED streetlamps.”

Epistar plans to expand into the growing market in China for more energy-efficient products as the world’s most populous nation seeks to cut electricity costs. LEDs, semiconductors coated with special chemicals, consume around 50 percent less power than fluorescent lights.

The company is in talks with municipal governments in Beijing and Chongching as well as local lighting manufacturers to supply LEDs used in streetlights, Chang said. Suppliers to the Chinese government must meet regulations before they can sell their products.

Epistar is also interested in attracting Chinese investment in the company, while it hasn’t conducted any talks or been approached by mainland companies, Chang said. Current clients are likely strategic investment partners, he said, declining to identify the interested parties, citing nondisclosure agreements.

“We have the capacity and the technology to meet the market demand,” Chang said. “China has a very big market and they are aggressive in investing in the LED industry.”


Updated : 2021-04-17 11:27 GMT+08:00