Mulinsen is not currently planning to acquire Crystal

LED Taiwan Power Plant crystal power because the market came the Chinese LED maker Mulinsen want to buy crystal power news, share prices showed a trend of rising, but also affected the performance of LED Taiwan stocks, in the face of overseas investment including Chinese manufacturers, LED The market value of the downstream Taiwan factory has a new imagination. However, according to LED network interviews and surveys of the current market conditions in the industry, Mulinsen’s chances of acquiring crystals are very low. Before choosing them, they expressed the opportunity to participate in bidding for OSRAM lighting. Mr. Mulinsen also said: "There is no such plan at this time."

At present, the price of Jingdian’s shares is about NT$20, but the net worth is more than NT$50 (approximately RMB9.84). If the target of investment acquisition is, because the price of Jingdian’s stock is relatively low, there is investment. In terms of value, there are foreign reports that Jingdian is a good investment target and may attract investment from China or other overseas companies.

However, inspecting the current operating status of Jingdian, in the LED chip market prices are still low, there is pressure to drop inventory pressure, the future of crystal power is not a small challenge, so in addition to actively deal with low-end LED chips in lighting products, but also Efforts to expand high-margin high-end lighting applications and other niche LED applications.

For Chinese LED maker Mulinsen, the company purchases LED chips and LED die prices. Under the current market conditions, there will be a good buying price for direct purchases, and it is not necessary to buy Taiwanese factories and purchase Taiwan After the plant, the pressure to face the depreciation of MOCVD equipment will be higher for government-subsidized LED epitaxial plants such as China Sanan.

In addition, part of the LED patent is also the focus of market participants, but Jingye is synonymous with European and American manufacturers CREE, Philips, Lumileds, Japanese manufacturer Toyota, and has patents for interactive authorization, but if acquired, it cannot be authorized by the interaction. LED patents are transferred to third parties for use. This is mentioned in cross-licensing contracts.

Although Osram has increased the investment in LED production lines and expanded R&D funds, it has already sold its lighting business, including brands, access roads and some production bases. The acquired buyers are China Tsinghua Tongfang, BDO Runda and Mulinsen. . Looking further, the first two companies are all LED epitaxial factories, but their scale is not as good as that of Sanan. Buying OSRAM lighting business becomes vertical integration, providing the benefit of LED chip's sea exit, and helping the industry to be as good as Mulinsen's largest LED in China. The role of the packaging plant, combined with OSRAM lighting business, is a great synergy.

If Mulinsen can successfully acquire the lighting brands and access resources released by OSRAM, he is expected to expand the European export market. The estimated amount to be spent is also between 1 billion and 2 billion U.S. dollars, compared with the current market value of the company. Mulinsen's choice of OSRAM lighting may be even more profitable, and he will grasp Europe, China and even some parts of Asia in the future.

Ms. Linsen will not go to M&C. The reason is that the Taiwan market has a relatively low chance of agreeing to acquisitions in terms of investment review. It is also possible to open M. Linsen’s chances of becoming a shareholder. For Jingdian and Mulinsen, vertical integration is possible. As a part of the strategy, it is also a viable cooperation space. The acquisition of Jingdian’s news naturally cannot happen.

Mulinsen’s top executive said today that “there is no plan for this.”