Aiming at tapping mainland China LED lighting market further, Everlight is reported to pour US$10.8 million to acquire approximately 9% ownership in an LED venture co-held by Epistar and China Electronics Corp. (CEC).

Among the partners, CEC holds a 44% stakes in the venture, and Epistar holds 40% . The venture is designated to supply CEC all of the chips it makes.

And according to Epistar executives, besides the venture, Epistar will be another chip supplier of CEC.The venture will contract Everlight to package its chips for CEC backlights and assemble on its own the chips into bulb modules contracted by CEC.

The venture will be built on a 300-acre site in the mainland and start production sometime next year. In the initial stage, the joint venture is set to have capital of around US$120 million and 30 metal MOCVD chambers. It is estimated to be the mainland`s biggest integrated factory for making LEDs.