TSMC will invest $46 million to reach the LED industry

On October 31, according to Taiwan media reports, big manufacturers have entered green energy one after another, but TSMC's layout is relatively sacred. At this legal meeting, Chairman and CEO Zhang Zhongmou only wished to disclose that after the last announcement of investment in solar energy related industries. US$50 million, the board of directors will invest $46 million in LED-related industries in November.

On June 11 this year, TSMC announced that it will develop new businesses such as LED and solar energy. The former chief operating officer, Cai Lixing, is the general manager of the new business unit. It is estimated that the new business will reach 2 billion US dollars in 2018. Revenue contributed 1.5% growth.

Subsequently, the TSMC board of directors decided on August 11 this year that it would invest 50 million US dollars in the solar-related industries. With the action of Cai Lixing actively visiting the solar energy industry, the market speculated that the rumors of the new shares were not convinced. In the October 17th Games, Zhang Zhongmou also revealed that TSMC is not only a battery module in solar energy layout.

Zhang Zhongmou revealed again. He said that TSMC's board of directors will invest $460 billion in L ED-related industries in November. The market has also spread recently. TSMC is negotiating mergers and acquisitions with Lumileds, a LED manufacturer of Philips (PHG-US). It even reports that TSMC will be a shareholder of crystal power. Of course, it has not been confirmed.

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