Walsin Lihwa Corporation announced today a cooperation agreement signed with the US-based KAAI for the two parties’ joint development of integrated light source packaging solutions. The three-year program will develop a new generation of environmentally-sound photonics applications. Walsin Lihwa also invites three founders of KAAI as science advisors – professors from Solid State Lighting & Display Center, University of California, Santa Barbara (UCSB), including the “father of blue light” Shuji Nakamura, as well as Dr. Steven Denbaars and Dr. James Speck who also attended the signing ceremony.

Ching Hu, President of Walsin Lihwa Micro-Optical-Mechanical-Electronic Group, and Richard Craig, CEO of KAAI, presided over the signing today. KAAI is world renowned for demonstrating the first continuous wave green Gallium Nitride lasers. According to President Ching Hu, the advanced blue and green laser technology at KAAI will be critical to Walsin Lihwa¡¦s integrated light source business development, and the R&D cooperation between the companies is expected to effectively share resources and talents to generate an amazing synergy. 

In 2000, Walsin Lihwa commenced micro-electromechanical system (MEMS) development. In the past few years, the company has been dedicating itself to MEMS applications for integrated light sources with near 200 patents secured. Walsin Lihwa strives for the R&D of integrated light source packaging and wafer level packaging, providing total solutions to optical, mechanical and electronic applications. The MEMS team has been effectively attracting local and overseas talents enabling R&D independence in order to become a leading provider of miniaturized module.  

Established in 1966, Walsin Lihwa is committed to the manufacture and R&D of copper cables and wires, power cables and wires, and specialty steel products. The company — a leader of power cable and wires as well as specialty steel products in the Greater China market — has successfully expanded into the fields of MEMS and environmentally-sound photonics applications.

Walsin Lihwa Corporation held board meeting today(March 15), which approved the company’s 2009 financial statements audited by CPA. The Net income after tax reached approx. NT$1.44 billion with EPS of NT$0.47. The board meeting also decided to hold the annual shareholders’ meeting at 9:00 am on June 4 (Fri,), at the Grand Victoria Hotel.

With the gradual economy recovery beginning the 2nd quarter last year, copper and nickel prices have been increasing to help generate outstanding sales of copper and stainless steel products at Walsin Lihwa. The stand-alone operating revenue of year 2009 is NT$61.41 billion with the consolidated operating revenue of NT$132.96 billion. The stand-alone gross profit is NT$5.11 billion with the consolidated gross profit of NT$9.68 billion. The stand-alone income from operations is NT$3.71 billion with the consolidated income from operations of NT$5.45 billion. Net income after tax is NT$1.44 billion and Earnings per share is NT$0.47. 

Established in 1966, Walsin Lihwa is committed to the manufacture and R&D of copper cables and wires, power cables and wires, and specialty steel products. The company is a leader of power cables and wires as well as specialty steel products in the Greater China market.

The Nanjing municipal government, the Taiwan External Trade Development Council, and Walsin Lihwa Corp. together hold the groundbreaking ceremony for Formosa Trade Center on March 13. The construction of Formosa Trade Center will be completed in September. Formosa Trade Center, located in Nanjing Hexi New Town, is a multi-function business area enabling exhibition, procurement, retailing, wholesaling, as well as recreation to serve as a platform for business exchanges across the Taiwan Strait.  

The Taiwan Trade Fair 2009, conducted by the Nanjing municipal government together with the Taiwan External Trade Development Council, was well received in Nanjing, where many business opportunities have been generated. In order to sustain and strengthen the momentum, the Nanjing municipal government provides full support to the construction of Formosa Trade Center, which will transform the Taiwan Trade Fair, which takes place only once a year, to ongoing business exchanges across the Taiwan Strait. The Taiwan External Trade Development Council and Walsin Lihwa are responsible for the planning, promotion and operation of Formosa Trade Center, aiming at helping even more Taiwan companies establish their business strongholds in Mainland China and further improving the trade relation between Nanjing and Taiwan.

Hexi New Town is a newly developed business district in Nanjing, and Formosa Trade Center is located In the best area in Hexi New Town. The area of Formosa Trade Center exceeds 100 acreages and the area of buildings exceeds 75,000 square meters. Strategically located just across a street from the Nanjing International Exhibition Center and the Nanjing Olympic Sports Center, where the 2014 Summer Youth Olympic Games will take place, Formosa Trade Center features highly convenient transportation and will provide outstanding transaction facilities and services to buyers and sellers across the Taiwan Strait. It will help Taiwan businesses develop the market of Mainland China by directly offering the high quality daily life commodities, food products, electronic appliances, clothes and accessories made in Taiwan as well as cultural and art creativity to the Nanjing consumer market, while serving as an effective platform for local business buyers to order Taiwan products.

Renowned developers and institutes from Mainland China, Taiwan, and overseas have been invited to study the characteristics of existing street blocks in Taiwan, and analyze why the Taiwan Trade Fair is successful in Nanjing as well as how the industry chain for Formosa Trade Center should be structured. Careful, comprehensive consideration has decided a street block style unique to conventional retailing and wholesaling operations in conjunction with the functionality of specialty exhibitions and trade shows. Featuring low-density development and innovative buildings, Formosa Trade Center is expected to attract 1,000 Taiwan businesses to station. With the upcoming Economic Cooperation Framework Agreement signing across the Taiwan Strait, the market of Mainland China will be increasingly open to Taiwan businesses. Formosa Trade Center will provide convenient export and import services to small and medium businesses from Taiwan and help them effectively compete for business opportunities in Mainland China, where Formosa Trade Center is going to become a very unique business exchange center.

Walsin Lihwa today conducted the Walsin Centro groundbreaking ceremony in Nanjing. The area of Walsin Centro is approx. 170,000 square meters and build-up area near 1 million square meters. The investment in Walsin Centro totals RMB$6 billion and construction will be completed start from 2012. This large commercial property development project in Hexi New Town includes a flagship shopping center, five-star hotel operations, high-class residences, office buildings, and well-planned commercial street blocks. Walsin Centro is going to become a salient landmark in Nanjing when the whole construction is completed.  

Developed by the Nanjing municipal government, Hexi New Town is a new metropolitan center with administration and office, business and trade, as well as cultural and sports functions. Hexi New Town features convenient transportation and comprehensive daily life amenities; it is an emerging district suitable for career development, high-class residences, international hotels, offices, recreation, and shopping. The Nanjing Olympic Sports Center, where the 2014 Summer Youth Olympic Games will take place, is also located here, and the upcoming event is going to draw more crowds and generate more business opportunities. Walsin Centro is located at the center of Hexi New Town and adjacent to the Nanjing International Exhibition Center and the Nanjing Central Park in addition to the Nanjing Olympic Sports Center. The superb location of Walsin Centrois further enhanced by a subway intersection.  

Walsin (Nanjing) Development Co., Ltd., which is established by Walsin Lihwa, responsible for the development construction, and investment planning of Walsin Centro by working with world-famous professional organizations to build this community encompassing home, hotel, office, and mall functions. The shopping center of Walsin Centro is designed by Ronald Altoon and Jim Porter, two architecture maestros at the Los Angles-based A+P Architects, and the shopping center will bring in internationally prestigious brands. Moreover, there will be international class hotels in cooperation with other renowned businesses. Walsin Centro — as a multi-function business area integrating business, life and recreation features — will even outdo Xinyi Planned District in Taipei City.

Walsin Centro is developed and invested by Walsin (Nanjing) Development Co., Ltd., a 100% owned subsidiary of Walsin Lihwa — is responsible for real estate development and operation in Nanjing.

Walsin Lihwa Corporation announced its net operating revenue for February 2010, on a stand-alone basis, was NT$6.2 billion, an increase of 72% from February 2009. January through February net operating revenue for 2010 totaled NT$12.3 billion, an increase of 95% compared to 2009.

The company’s consolidated net operating revenue for February 2010 was NT$ 13.5 billion, an increase of 57% from February 2009. January through February revenue for 2010 totaled NT$28.4 billion, an increase of 107% compared to the previous year. 

Walsin Lihwa Corporation, established in 1966, has been the leading manufacturer for copper wires and rods, power cables, and specialty steel in the greater China region.M