Yesterday, Jingdian announced that its subsidiary's bright spot investment participated in the subscription of 10000 private ordinary shares of Weitian technology. In the future, the shareholding proportion of Jingdian group in Weitian technology will increase to 52.5%, and the two sides will also strengthen cooperation in mini led.
In May last year, Jingdian announced that the group's operation strategy had changed and was divided into three companies according to business conditions, namely Jingdian, Jingdian semiconductor and Jingdian technology. This is the first time that Jingdian has proposed a spin off plan since its establishment 21 years ago.
Among them, crystal operates quaternion led, blue LED, VCSEL, long wavelength LED and laser (far infrared above 1000nm) and other product lines. Long wavelength products will focus on biomedical applications, such as measuring blood glucose or blood oxygen.
Crystal semiconductor is mainly engaged in OEM business, covering the whole process from epitaxial to grain, providing 4-inch or 6-inch OEM services. 850nm and 940nm are the main products, and the OEM products include VCSEL, electronic components (GaN / Si), etc.
Crystal technology focuses on the operation of module and component manufacturing processes, including CSP led, mini led and micro led, sensors, solar cells, etc. for some LEDs that cannot adopt traditional packaging technology, new manufacturing processes are adopted. For example, customized products such as mini led and micro led.
It is reported that the participation of Jingdian in the private capital increase of Weitian technology is mainly based on the production expansion demand of Weitian technology. It is expected that this will help Jingdian strengthen the supply of mini led in the future. The participation in the subscription has raised the shareholding proportion of Jingdian group in Weitian technology to about 52.5%, and the shareholding proportion has been more than half.
At the beginning of entering the field of mini led, Jingdian directly provided customers with mini LED chips, but some system factory customers need Mini LED module solutions to deal with design problems such as packaging and PCB. Aware of the customer's demand for mini LED modules, Jingdian decided to cut out the module business and set up Yuanfeng new technology, a 100% owned subsidiary, at the beginning of this year.
Yuanfeng new technology is responsible for supply chain integration, R & D and design, and small-scale proofing and trial production. The mass production is entrusted to the partner Weitian technology. Weitian used to purchase LED chips from Jingdian and produce them for a long time, mainly for high-power packaging and module products. Later, when it launched private placement for production expansion, Jingdian also used Jingdian Bright spot investment and Yuanfeng new technology increased their holdings and jumped to the largest shareholder.
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