Arima Opto Spins off Laser Diode Business
Source/Type: Reported News

March 23, 2007... Arima Optoelectronics (Arima Opto), a Taiwan-based LED manufacturer, reported that it will spin off its laser diode manufacturing division to set up a new company called Hua Xin Optronics (transliterated from Chinese), according to the company’s filing with the Taiwan Stock Exchange and Digitimes. The company will focus on LED manufacturing after the restructuring.

Arima began its laser diode business in 1999 with its main partners, Sony and Matsushita. The laser diode division accounted for NT$1 billion, about 32 percent of the company’s revenues in 2006, according to an article in Digitimes. The Chinese language Apple Daily and Digitimes sited sources which said that the company will invite Sony and Matsushita to invest in the new company.

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