8 January 2021
Ennostar Inc has been formally established as a joint venture between Epistar Corp and Lextar Electronics (through a share swap) and listed on the Taiwan Stock Exchange (with the stock code 3714).
Epistar and Lextar will still operate independently under Ennostar, which comprises three business areas: Epistar will focus on upstream LED epitaxy and chips, Lextar will focus on downstream packaging and modules, and Unikorn Semiconductor Corp (under Epistar) will develop compound semiconductor foundry. Collectively, Ennostar aims to be an integrated compound semiconductor group, providing a one-stop service.
Focusing on the rapid development of mini/micro-LED displays as well as the next-generation compound semiconductor market, the establishment of Ennostar targets industrial collaboration and resource integration in Taiwan. In addition to investing in mini/micro-LEDs, it aims to speed the development of advanced technology in automotive, sensing, power device, 5G communication and wafer manufacturing.
Specifically, in response to the fast development and strong market demand for compound semiconductors, Ennostar will participate in the power electronics and wireless communication sectors, providing technologies and services for fast charging, electric vehicle (EV) and 5G communication applications.
At the meeting of Ennostar’s board of directors, Epistar’s chairman Dr Biing-Jye Lee was appointed chairman & CEO of Ennostar, Lextar’s chief financial officer Bo-yi (B.Y.) Chang was appointed CFO & spokesman, and Epistar vice president Rider Chang was appointed officer of corporate governance.
“Ennostar is the only investment platform in the compound semiconductor industry that incorporates both LED and advanced compound semiconductor technologies,” claims Biing-Jye Lee. “In the future, it will contribute to the advancement of mini/micro-LED display, sensing, automotive, power and 5G communication applications,” he adds. “Epistar and Lextar are actively accelerating the integration of the two companies, which will give full play to the synergy of industrial resource in a short period of time,” he adds. “We are cautiously optimistic about 2021 and be ready to embrace market recovery in the coming years.”