Continental Ziguang Group will stake in Lite-On Suzhou new plant, Lite-On jointly hand in Ziguang into the storage market. Lite-On announced that a subsidiary of Suzhou Guangguang Co., Ltd. and Suzhou Purple Storage Co., Ltd. signed a capital increase contract, the contract from the date of obtaining a business license from 20 It is expected that the new plant will be built in early 2018 and is expected to be put into operation in the fourth quarter, which will be manufactured by Lite-On, and Purple is responsible for the expansion and sales of the customers. According to the agreement, Suzhou Ziguang will increase its investment in Suzhou Guangjian. Upon completion of relevant statutory applications Procedures, will start a joint venture operation, after the capital increase registered capital of 100 million US dollars (or equivalent), 45% stake will be held by Optoelectronics, Suzhou Purple held the remaining 55% stake. Will jointly form a board of directors, Suzhou Purple will appoint three directors, Lite Branch will appoint two directors.With the mainland policy to support the semiconductor industry, the substantial growth in market demand, optimistic about the future storage device will maintain the rapid growth of kinetic energy, light Po previously announced in September will set up factories in mainland China, will invest 45 million US dollars to set up Suzhou plant to close the customer and the supply chain upstream and downstream, originally planned for 100% of the subsidiary, However, in just three months, Lite-On Strategy Change decided to join hands with the mainland to form an alliance to speed up the development of the mainland storage market.Light Po said that its storage unit has been developed for 10 years, both customers worldwide, including Lenovo, HPI and Dell, etc. In the future, cooperation with Ziguang will also take a professional division of labor, with Lite-On responsible for production. Ziguang is responsible for sales. Through the deep cultivation of Ziguang Group on the mainland market, contract manufacturing with flexibility and efficiency (Contract Manufacturing ) Business model, combined with the supply chain in the local market, will be conducive to rapid and stable to meet the needs of mainland customers.
