Rongchuang succeeded in holding Cree and signed LED patent & trademark licensing contract

Yesterday (18), Rongchuang issued an announcement. In response to changes in the company's future business and market, the board of directors signed a patent and trademark licensing agreement with CreeInc. to open up new applications and new markets. The contract or commitment period is July 1, 2019. It will be until June 30, 2022.

CreeInc. is a global manufacturer and manufacturer of lighting-grade LEDs, lighting products and power and RF applications. Although its profitability has been weak in recent years, the company is fully committed to the application of niche applications such as IR and VCSEL technology. In volume, now signing the LED patent & trademark licensing contract with CreeInc., showing that Rongchuang is actively exploring new applications and new markets.

In the first half of this year, Rongchuang continued to suffer from oversupply in the market and weak demand for backlights. The revenue was NT$1.76 billion, which was written down for the same period in the past seven years. However, the company has developed ultra-small MiniLED products, which is expected in the second half of this year. Start to contribute to the revenue, and focus on camp sports.

In addition to MiniLED, Rongchuang is also in LED sensing applications, including IR, VCSEL and other technologies, and continues to promote automotive LED applications, which will help to boost profitability when the application of niche products is promoted.

In addition, Japan's LED manufacturer Nichia was announced at the end of May, its Taiwan Nichia Company had sold all of its shares before the end of March, and lifted the investment relationship with Rongchuang. Rongchuang said at the time that it would not affect the company. Operation.