Grand Canyon Optoelectronics will submit an IPO application to the China Securities Regulatory Commission in the first quarter of 2019
According to relevant news, Grand Canyon Optoelectronics (Suzhou), a subsidiary of Grand Canyon Semiconductor Lighting System (StrongLED), will be listed on the GEM of the Shenzhen Stock Exchange as early as 2020. It is reported that Grand Canyon Optoelectronics will submit an IPO application to the China Securities Regulatory Commission in the first quarter of 2019.
The listing is expected to raise 250 million yuan ($39.3 million). After the listing, StrongLED's stake in the subsidiary will fall from 97% to 72%. The listing will help StrongLED obtain credit from the Bank of China.
StrongLED will issue NT$300 million (US$10 million) of convertible bonds in Taiwan in July 2018 and will use these funds to upgrade its R&D equipment and production equipment.
In response to strong demand for LED landscape lighting from China, StrongLED added two SMT production lines to its Suzhou plant in eastern China from April to May 2018. In addition, StrongLED will also be upgraded to Industry 4.0 and is planned to be fully automated by the end of 2019. At present, the total order value has been received at RMB 250 million. It is estimated that the comprehensive income will reach RMB 500 million in 2018, a year-on-year increase of 62.9%.
Due to the government's promotion, China's LED landscape lighting market will continue to be strong in the next 4-5 years.
In-car 5G can make in-car infotainment systems as versatile as smartphones or tablets, supporting advanced in-car games such as virtual reality (VR), high-resolution video streaming, and a large number of App options that can create value-creating experiences. In addition, the software update of the vehicle no longer needs to be returned to the dealer, and the OTA method can be adopted like a smart phone or NB.
5G is also expected to vigorously promote the cellular Internet of Vehicles (C-V2X) to become a killer application. For example, the decentralized data processing method of Edge Computing has great potential, which can greatly reduce the need to transmit to the central database. The amount of data, for example, when a road is congested, when updating a road condition map, only need to transmit the data to all vehicles within a radius of about 2 miles, instead of transmitting to the United States or the world and occupying bandwidth, which can reduce transmission costs and time.
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