Fucai plans to build a new Micro LED factory with a private placement of about NT$3.6 billion
On June 24, Fucai issued an announcement to price its private common stock at 51.82 yuan (NTD, the same below). Through this private placement, Fucai is expected to obtain more than 3.6 billion yuan of working capital for the construction of a dedicated Micro LED fab. , the purchase of epitaxy process, die process related equipment and other capital expenditures. Fucai said that the Micro LED business is expected to start contributing revenue next year.
In addition, Fucai is also expanding Micro LED production capacity. On June 28, Jingdian, a subsidiary of Fucai, announced that in order to expand, it would spend 673 million yuan to purchase advanced epitaxy equipment from Aixtron SE, a leader in MOCVD equipment, to increase Micro LED production capacity.