FitTech Invests in K-Jet to Strengthen Its Micro LED Development

FitTech Invests in K-Jet to Strengthen Its Micro LED Development

On August 6, FitTech—an LED equipment provider—announced at its board of directors meeting that the company will spend no more than NT$50 million (US$1.8 million) on investing in K-Jet Laser Tek. The investment aims to strengthen FitTech’s technologies of Micro LED mass transfer and removal as well as precision laser processing for PCB substrates, which also helps the two companies to develop technology strategies for the Micro LED market, thereby facilitating the “cooperation within the same industry and interdisciplinary alliance” policy.

Image source: PAIXIN.COM

During the board of directors meeting, FitTech also released the company’s half-year report, stating that the 1H21 net profit attributable to shareholders of the parent company reached NT$356 million (US$12.8 million) with basic EPS of NT$5.06.

Specifically, FitTech posted revenue of NT$2.565 billion (US$92.24 million) in 1H21, with a gross profit of NT$971 million (US$34.91 million), operating profit of NT$463 million (US$16.65 million), profit before tax of NT$420 million (US$15.10 million), and profit for the period of NT$356 million (US$12.80 million). (Source: CNA)

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