LED Joint Venture

Everlight Electronics Co. Ltd. of Taipei, Taiwan, an LED packaging company, has announced a joint venture in WeJiang City, China. The company will join LG Display Co. Ltd., an innovator in thin-film-transistor LCD technology, and AmTran Technology, a display manufacturer specializing in computer monitors and flat panel televisions, to form a new LED packaging company. The three companies will pool their strengths and resources to provide state-of-the-art LEDs for the backlit television market. The newly formed company is scheduled to start mass production by year’s end with a capitalization of $30 million.