Taiwan-based LED producer Epistar is in talks with China-based LED display maker Leyard Opto-Electronic to setup a Mini-LED and Micro-LED production site in Wuxi, China. The two companies (actually Leyard and Epistar's subsidiary Yenrich Technology) will setup a joint-venture with a budget of $142 million.
Leyard says that the plan is to form the joint venture six months after getting the final approval for the plan. This will enable the production to begin in the new fab in 2023. It is still not clear whether the new fab will produce mini and micro LED chips - or actual displays.