Nichuang invests US$19 million to establish a wholly-owned subsidiary to enter the panel component market.

On September 9th, the board of directors of Micro LED manufacturer Neptunus Technology passed a major resolution to invest no more than US$19 million (approximately NT$610 million) to establish a wholly-owned subsidiary in mainland China. The subsidiary will primarily engage in the production and sales of panel components and modules, aiming to actively expand its market presence in mainland China. This investment is subject to approval by the relevant authorities.

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This investment plan aligns with Nippon Energy's previous investor conference call, which outlined its global operational strategy of strengthening existing advantages in Taiwan and actively expanding into the Chinese mainland market. General Manager Lin Tzu-yang pointed out that although first-quarter operations were affected by the off-season, market demand is expected to pick up significantly from the second quarter onwards, aiming for both full-year revenue and profit to surpass last year's figures.

He emphasized that mainland China is a crucial global market, and in addition to expanding operations in the United States, it will also strengthen local manufacturing capabilities in mainland China. Including this investment, the Investment Commission has approved a total investment limit of US$21 million for Nippon Ventures in mainland China. (Source: Taiwan Economic Daily)

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