Taipei, Oct. 26, 2009 (CENS)--Walsin Lihwa Co., one of Taiwan`s veteran makers of cables and wires, has announced that its subsidiary HannStar Display Corp. has reinvested in Danen Technology Corporation, a Taiwanese maker of silicon wafers for solar cells, as its strategic step into the solar energy industry.

HannStar, a display panel maker, recently acquired a 7% stake of Danen Technology for NT$126 million (US$3.88 million at US$1: NT$32.5) when the latter was raising its capitalization. The reinvestment makes HannStar Taiwan`s third display panel maker to diversify business operations into solar energy.

Danen was founded in 2007 with capitalization of NT$1.26 billion (US$38.8 million) and specializes in production of silicon wafers for solar cells, with international large-sized firms, like Germany`s Q-Cells, on its client list. At present, the company`s annual capacity is 60 megawatt and will be enhanced to 200 megawatt at the end of next year.

Noteworthy is that Walsin Lihwa also announced a US$200 million investment in the construction of an LED (light emitting diode) fabrication plant in China before HannStar`s reinvestment. Obviously, the recent moves show the firm`s ambition to explore the lucrative market for environmentally friendly products.

In addition to Walsin Lihwa, a couple of Taiwanese large-sized firms, including AU Optronic Corp., Chi Mei Optoelectronics Corp., Tatung Co., United Microelectronics Corp. and Lite-On Group, have actively deployed their business operations in the green industry.

(by Steve Chuang)