Three of the largest manufacturers of light-emitting diodes (LEDs) in Taiwan have each secured loans worth millions of pounds to facilitate ambitious expansion plans in the region.
CENS.com reported that Tekcore, Genesis Photonics and Lextar Electronics have all secured funding of a combined NT£11.3 billion (£234.9 million).
Geneses has received NT$1.5 billion, Tekcore NT$1.8 billion and the remaining NT$8 billion has gone to Lextar.
The loans were taken out due to the bright future that many believe lies ahead for the LED sector, with all three companies using the funds to facilitate growth in their manufacturing and development facilities.
Elsewhere, Reuters recently reported that Samsung is to open a new $2.13 billion (£1.42 billion) organic LED production line in Taiwan.
The production line will be the largest of its kind in the world and will have a monthly capacity of 30 million three-inch mobile screens.