The Investment Commission approved for Chinese LED epitaxy manufacturer San'an Optoelectronic Co. to invest in Taiwan LED chip supplier Formosa Epitaxy Inc. (ForEpi). Cooperation between the two companies marks a new milestone and will intensify LED industry cross strait co-opetition.

Without Taiwan’s Investment Commission approval, Taiwanese LED manufacturer FOREPI’s and Chinese manufacturer San’an Optoelectronics’ (San’an) ownership stake acquisition deal was thwarted. FOREPI’s board of directors approved San’an as a shareholder in private investment in late June, and recently planned to start a new LED company through a joint venture with TCL and Refond. The two approaches show FOREPI’s ambition and strategy in the Chinese LED market.