Taiwan factory Zhaoxin raised more than 60 million yuan to expand production of LED sapphire substrate

Patterned sapphire substrate (PSS) is booming! Taiwan Sapphire Factory Zhaoxin continued to expand production and announced that it will handle cash capital increase in the near future. It is expected to issue 3,500 copies. The tentative price for each issue is NT$85 (RMB 17.59), and it is expected to raise NT$297 million (RMB). About 61.46 million yuan), the target production line reached 15 lines at the end of the year, with a monthly production capacity of 300,000 pieces.

Zhaoxin specializes in the flat pattern processing process of sapphire substrate for LED industry. At present, there are 7 production lines. The company's production capacity is quite flexible. Whether it is 2 inch or 4 inch PSS, it can be flexibly handled by customers. Last year, it stabilized the market with its own brand. Locking high-end products, the company continues to expand production. It will add 3 lines every season. It will reach 15 before the end of the year and introduce automated process technology. The target capacity will reach 300,000 pieces before the end of the year.

In order to meet the expansion needs, Zhaoxin’s board of directors decided to issue cash replenishment in the near future. It is expected to issue 3,500 copies and the provisional price per share will be NT$85 (approximately RMB 17.59), which will raise NT$297 million. (RMB about 61.46 million yuan).


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