NationStar increased its capital by 220 million RMB in semiconductors

On the 5th, National Star Optoelectronics announced that it plans to increase the capital of National Star Semiconductor with 220 million RMB to further optimize the upstream chip product structure.

According to the announcement, the seventh meeting of the fifth board of directors of NationStar held on March 4 reviewed and approved the "Proposal on Increasing Capital to Wholly Owned Subsidiaries". The company intends to increase the capital of NationStar Semiconductor with its own capital of 220 million RMB. It aims to meet the needs of National Star Semiconductor to increase production capacity and optimize product structure. After the capital increase is completed, the registered capital of National Star Semiconductor has increased from 600 million RMB to 820 million RMB.

The main business of NationStar Semiconductor is R&D, production and sales of LED chips based on sapphire gallium nitride and silicon substrates. GaN-based products include blue-green display chips, digital chips, white light lighting chips, high-power flip chips for car lights, UVA violet chips, etc. In addition to LED epitaxial wafers and chips, the main products of NationStar Semiconductor also include LED devices, LED light sources and lighting products.

At present, National Star Semiconductor’s MiniLED chips have mass production capabilities, have passed customer verification specifications, can supply direct display and backlight products, and have achieved small batch shipments.