Epistar and Lextar announced plans to establish a joint holding company, effectively merging the two companies.
The plan is to delist both companies from Taiwan's stock exchange and list the new company by the end of October 2020. The two companies will continue to operate independently, but the holding company's main focus for its future revenue growth will be on mini LEDs and microLEDs products and technologies.
Lextar is currently only supplying mini-LEDs and micro-LEDs to AU Optronics (its major shareholder) but after the merger it will aim to broaden its client portfolio.
According to analysts, Lextar and Epistar together hold around 12.5% of global LED chip market.
Posted: Jun 21,2020 by Ron Mertens