Recently, Taiwan UMC Group invested 300 million US dollars in Shandong Jining to expand its new energy business. With the landing of UMC photovoltaic power generation and LED lighting projects in Jining, it will drive a large number of supporting industries in Jining and Taiwan.
In recent years, UMC has devoted a lot of efforts to building a new energy industry chain. In 2009, he began to get involved in the LED market. With the acquisition of Baolin Technology, the product is rich in LED power supply for 1~400W lighting. “Baolin Technology’s LED lighting project in Jining City is also the first stop for UMC to enter the mainland to develop green new energy.†According to industry insiders, “Baolin Technology is likely to be included in the new business development center in the future and become the company under Yongsheng Energy Investment Co., Ltd. After that, the second subsidiary of UMC New Investment Company."
With the development of new energy gradually speeding up, UMC has seen a huge domestic demand market. Shandong's geographical position is unique, and Shandong Province strongly supports the high-tech industrialization of new energy, attracting investment from UMC. Jining City Investment Promotion Bureau Merchants Branch Xie Kechang said that as a representative of the new energy industry, UMC's investment in photovoltaic power generation and LED lighting projects have landed in Jining. "Taiwan enterprises led by UMC will continue to invest in the new energy industry in Jining."
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