Lite-On Technology Invests $80M USD in Suzhou And Changzhou

 

Via digitimes.com

EMS provider Lite-On Technology will invest US$45 million to establish an automotive electronics subsidiary in Suzhou and US$35 million in another for storage devices and components in Changzhou.

The subsidiaries, Suchou Lite-On Technology and Lite-On Automotive Electronics (Changzhou), are both in eastern China.

It will also sppend up to NT$1.15 billion (US$38.1 million) adding automation equipment at its existing subsidiary, Lite-On Electronics (Guangzhou), in southern China.

The Suchou plant will produce SSDs (solid-state drives) mainly for notebooks and cloud computing devices, while the Changzhou maker will mainly produce automotive electronics and LED lighting modules.

The Guangzhou subsidiary produces smartphone-use CCMs (compact camera modules) and the additional automation equipment will be used to produce large-wide-angle and 3D-sensing models mainly.

Editorial Team

Our Editorial Team curates "news you can use" from hundreds of local newspapers, magazines, blogs and online sources, press releases, radio and TV news shows from around the world. We take great pride in being providing Daily Business Intelligence that's all business and no politics.