Fucai divested its stake in Neptune for NT$450 million, which will be used for capital allocation adjustments and financial optimization.

LED manufacturer Fu-Cai announced yesterday (August 26) that it will dispose of its invested shares in Micro LED manufacturer Neptunus Technology from March 20 to August 26 this year, with a total transaction amount of NT$450 million. Fu-Cai stated that the main purpose is to adjust capital allocation, revitalize assets, and improve financial structure.

According to the announcement, following this disciplinary action, Epistar, a subsidiary of Fuchai Group, still holds 9,127,338 shares of Neptunus Technology, representing a 7.76% stake. Fuchai remains optimistic about the long-term development of Micro LED, but considering the progress of market commercialization, it has decided to adjust its resource allocation first.

However, the company has nearly 15 billion yuan in cash and zero debt, and its sound financial condition provides a solid backing for its transformation.

Fu-Cai Chairman Peng Shuang-Lang stated that with the US tariff policy finalized, customer orders will tend to stabilize, and shipments are expected to maintain growth in the second half of the year. The company will continue to increase the proportion of high-margin value-added products in its shipments to improve profitability.

Faced with industry transformation, Fu-Cai no longer sees LED as the only way out, but actively promotes the "dual value-added engine" and the "3+1 long-term development strategy". The company will focus its development on two core technologies, optical communication and industrial sensing, over the next 10 years, and actively invest in technologies such as photonic integrated circuits (PIC), silicon photonics and co-packaged optics (CPO) to seize the AI ​​server and data center market.

Fu-Cai has joined the silicon photonics industry alliance led by semiconductor giants such as TSMC and ASE Technology Holding to strengthen its key position in heterogeneous integration applications.

In the field of robotics and smart automation applications, Fu-Cai Company recently joined hands with ADLINK to showcase cross-domain integration solutions, actively positioning itself in the rapidly growing smart manufacturing market. The solutions include human-machine interface displays using Mini LED and Micro LED, as well as high-precision ranging technology (SPAD) that supports robot automation.

Fu-Cai stated that it will continue to strengthen its vision, tactile, and ranging technologies to meet the needs of the automation market.

The company is also entering the high-end wearable device market through its Ingest PD product, which supports the sensing of physiological information such as moisture and blood sugar.

Fu-Tsai stated that the company faced operational challenges in the first half of the year, with losses widening in the second quarter, mainly due to weak consumer spending, inventory adjustments, and fluctuations in the New Taiwan Dollar exchange rate.

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