Gree Electric to invest $285M in Sanan Optoelectronics LED semiconductor project

Gree Electric Appliances plans to invest 2 billion yuan (approx. $285 million) in Sanan Optoelectronics' private placement to fund the 'Semiconductor R&D and Industrialization Project (Phase I)', a LED chip and semiconductor project in Quanzhou, Fujian.

“格力电器拟通过定增参与三安光电LED半导体项目，拟认购20亿元。”nbd.com.cn

• 2 sources
• nbd.com.cn格力电器加码芯片布局 拟20亿参投三安光电LED半导体项目 | 每经网Nov 11, 2019
• yicaiglobal.comChina's Gree Electric to Invest USD285.3 Million in Sanan to Leverage LED ChipsTang ShihuaNov 12, 2019

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