August 15, 2012 — Epistar, light-emitting diode (LED) chipmaker, will completely take over its subsidiary Huga Optotech through a share swap.
Huga Optotech makes LEDs on gallium nitride (GaN) processes. It currently can produce 10 billion LED chips monthly. At the end of 2011, the company had 1,200 employees. It operates 2 fabs in Taichung Industrial Park and 1 in Central Taiwan Science Park, Taiwan.
Epistar is Taiwan’s largest LED maker. The share swap will involve 1 Epistar share for 4.85 Huga shares. Target merger date is December 28, 2012.