LG Display to Team Up with Everlight and Amtran To Set Up LED Packaging JV In China

LG Display Co. of South Korea, Taiwan LED maker Everlight Electronics Co. and Taiwan TV maker Amtran Technology Co., will team up to set up a joint venture in Suzhou, China that will provide LED packages for backlight units for flat panels.

The joint venture plans to invest $30 million, in which LG Display and AmTRAN will each spend $6 million for a 20% stake, while Everlight will spend $18 million for the remaining 60%.

The new joint venture is expected to launch production at the end of this year.

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