Everlight Electronics, Epistar, and TPV Technology will establish a joint venture for LED chip packaging and LED light strip production in Fuzhou City in China's Fujian Province, according to the companies. TPV is a dominant LCD TV maker.

So, Everlight is attempting to secure both orders and supply with the joint venture. The total investment in the venture will be NT$800 million (US$24.79 million). Of the total, Everlight will contribute 65 percent, TPV 25 perrcent, and Epistar 10 percent.

Earlier in June, Everlight, Amtran Technology, and LG display announced plans to jointly form another packaging facility in Wujiang City of Jiangsu Province, China. Everlight says that the cooperation with Amtran and LG should allow it to secure orders and shipments to two of the world's largest TV vendors, Samsung Electronics and Vizio, which is affiliated to Amtran.

Everlight also reportedly invested in LED chipmakers Epistar, Formosa Epitaxy, Tekcore, and Huga Optotech to ensure LED chip supplies if and when demand for LED TV and lighting devices explodes as expected.