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3. Extrordinary resistance to wear and high performance to cost ratio.
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LED Enterprise Lite-On Technology invests 10 billion in Kaohsiung Gai Factory
Song Jingyuan, Chairman of Lite-On Technology, will announce that he will invest more than 10 billion yuan in Taiwan (New Taiwan Dollar, the same below), and build a new factory in Kaohsiung Processing Export Zone. In the future, he will focus on automotive electronics, Internet, biotechnology and other industries. This is the first major investment case for enterprises in Taiwan after the new government took office. Song Jingyuan, Chairman of Lite-On Technology, will announce that he will invest more than 10 billion yuan in Taiwan (New Taiwan Dollar, the same below), and build a new factory in Kaohsiung Processing Export Zone. In the future, he will focus on automotive electronics, Internet, biotechnology and other industries. This is the first major investment case for enterprises in Taiwan after the new government took office. It is understood that Lite-On is manufactured in Taiwan at the request of customers and decided to invest in the Kaohsiung Processing Export Zone. The total investment for the three-year project is over 10 billion yuan, and the third production base in Taiwan will be expanded to produce a small number of high-value-added products. Mainly car electronics is the first priority expansion project. Lite-On's vehicle revenues have exceeded 10 billion yuan last year. Chen Guangzhong, vice chairman and chief executive officer of the group, pointed out in the law conference last week that the use of Lite-On vehicles in 2018 will reach 10% of the group's revenue. . In recent years, when many Taiwanese merchants returned to their hometowns or attracted investment, they all encountered problems in corporate land. A business owner said that even the new shares of Xinbei City will cost 1 million yuan, and the land cost is too expensive. Lite-On's expansion of the production base in the Kaohsiung Processing Export Zone is expected to take the lead and also support Taiwan's manufacturing. In 2016, Lite-On will mobilize the Group's five major IoT application areas, such as cloud, LED lighting, vehicle power, biomedical and industrial automation, to get rid of the pure OEM model and raise chickens for the biomedical and automotive industries, including automobiles. With the trend of electronicization, Lite-On has the fastest electronic operation. In 2015, Lite-On's vehicle-related products revenue exceeded 10 billion yuan. Song Gongyuan said that Lite-On has been investing in automotive electronics for more than 20 years, and currently 80% of the first-tier manufacturers are customers of Lite-On.