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Jul 3rd, 2014
 
San’an Optoelectronics to improve market share through chip procurement agreement with Honglitronics
 
China based San’an Optoelectronics (San’an Opto) has signed a three year cooperative agreement with Honglitronics on June 24 in hopes of increasing domestic market share in the LED market.
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According to the agreement, Honglitronics will purchase RMB 280 million (US $44.8 million) in chips from San’an Opto during the first year. The amount may fluctuate ±15 percent depending on changes in market conditions. In December following the first year, the two parties will negotiate the type of products for purchase and their amount for the following two years.


 
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