MOEA conditionally approves Sanan Optoelectronics stake in Epistar

Taiwan's Ministry of Economic Affairs (MOEA) on October 29 approved the conversion of China-based LED epitaxial wafer and chip maker Sanan Optoelectronics' 19.9% stake in Taiwan-based Formosa Epitaxy into a 3.1% stake in Epistar, with the following strings attached: Sanan cannot transfer patents and technologies from Epistar, be involved in operations at Epistar nor recruit Epistar's employees, according to MOEA.



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via Yuichun