The world's leading mobile phone with LED Factory Citizen Holdings (hereinafter referred to as Citizen HD) announced that its LED business subsidiary of Citizen Electronics (Citizen Electronics) will be and the Japanese LED maker Nichia Chemical Industries (hereinafter referred to as Nichia) the establishment of capital / business relationship, as a means to strengthen bilateral cooperation in the cause of the white LED.
Cooperation in the capital part of Asia will be held on April 2, 2012 fully subscribed new shares Citizen Electronics, IPO amounted to 2 billion yen, accounting for Citizen E-5% share of total equity.
In addition, part of the business cooperation, Citizen Electronics and Nichia will jointly research and development can meet the market demand of LED packaging / assembly products, and co-construction of new manufacturing technologies; followed by the two sides will jointly purchase materials to drive down costs; other , will expand Citizen Nichia white LED electronic release OEM orders.
It is understood, Citizen Electronics in 2002, and Nichia signed licensing contract manufacturing, to help in the form of OEM OEM Nichia white LED. Citizen HD in 2007 to capitalize on and Nichia to cooperate with each other holdings, including Citizen HD 3.7% stake held by Nichia Nichia holds Citizen HD 2.9% stake.
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