In fact, this LED venture is one part of Hon Hai’s US$146 million investment plan in the mainland announced recently. Other capital will go to the group’s precision, electronic components and electrical equipment businesses in the mainland.
The company, based in Cork, Ireland, has been making headlines of late. Last September, for instance, it announced it had acquired Dutch LED lighting technology firm Lumoluce for nearly €11m.
This past March, Nualight secured a US$100m opportunity with Hussman, a global manufacturer of refrigerated display merchandisers and refrigeration systems.
At the time Nualight said the move would help food retailers reap energy savings of up to 40pc by switching to LED lighting.
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