Foxconn (Hon Hai Precision Industry) is further strengthening its foothold in the LED sector by planning to have affiliated Foxsemicon Integrated Technology (FITI) buy 300 million shares that will be issued by LED chipmaker High Power Opto (HPO) and the 120 million additional shares to be issued by LED maker Advanced Optoelectronic Technology (AOT).

AOT recently clarified that any reports about FITI participating in its share increase plan are ungrounded and that it has never released any updates.

Last December, the LED maker said its board of directors approved a plan to increase its private shares by no more than 120 million shares at NT$10 per share.

In addition, Innolux Display, a subsidiary of Foxconn, is in close contacts with Unity Opto Technology, another LED maker, while Foxconn Technology, another affiliate of Foxconn, has been working with several LED makers in mainland China.

In November 2006, Unity Opto received orders from Innolux and another company in Northeast Asia for 100,000 7-inch LED backlight units (BLUs) each per month.

Source:未知