The LED star was abandoned: exposing insider Qili assessments

Qili photoelectric was the LED star of tomorrow! But the relationship between the two rich dad Foxconn and Chi Mei after breaking, Terry Gou tried to foster son rongchuang, bastard Qili dying; Chi Mei also reluctant to intervene in save money losing, down debt in the event before the outbreak, the full speech light, doomed to the fate of Qili assessments.

"Qili photoelectric business, leaving 5 billion 600 million yuan NT debt! Big headlines in the newspaper, so that the financial crisis has been rumored for a while on the table. Qili photoelectric in the LED industry is only a small friend, but cause the market is concerned, the two rich dad: Foxconn and Chi Mei Group, were abandoned in things before the outbreak of the full speech light, this action not only let the bank dumbfounded, also means a complete break two big shareholder relations.

A sad ending

About LED in the backlight and future applications in solid-state lighting, Chi Mei Group in 2006 hit one billion yuan NT established Qili photoelectric, overweeningly ambitious to enter the LED industry, Taiwan is the first vertical integration LED factory.

At that time, not only by the group of patriarch Liao Jinxiang as chairman, executive vice president of CMO Bingsheng Wu also personally led as general manager, Qili photoelectric within the group is like the star of tomorrow. Chi Mei Group generous investment, poaching, was also attracted a lot of players in the industry, after the previous four crystal electric merger, left yuan arsenic, the League of nations technical team, many have chosen to enter the Qili photoelectric, fight again second career.

Under the full support of the Chi Mei Group, Qili also once glory at the beginning of 08, the company profit, chairman Liao Jinxiang factory employees still champagne please. The company also proclaimed to invest ten billion yuan in five years, and the electric market leader. But at the end of 08, the financial storm, CMO operations problems, Qili operation also reversed down, after 09 years with Innolux and CMO, there is a situation of 180 degree change, the two major shareholders pay no attention, Qili like abandoned, it is doomed to the fate of Qili assessments.