Changjiang Electronics Technology and Toshiba Semiconductor (Wuxi) are to set up a joint venture for producing high-end image

Jiangsu Changjiang Electronics Technology Co., Ltd. together with Toshiba Semiconductor (Wuxi) Co., Ltd. with the support from Japan’s Toshiba Corporation today (May 16, 2011) jointly announced that they will establish a joint venture and completed the signing of the joint venture agreement.

Overview of the joint venture:
1、Name of the Company: Jiangyin New Vision Electronics Co., Ltd.
2、Registered Capital: RMB 48.75 million for the first phase; and the both parties are to increase the capital through agreement in view of the business development needs.
3、Contribution percentage: 70%, Changjiang Electronics Technology; 30%, Toshiba Semiconductor (Wuxi).
4、Registered Place: 78 Changshan Road, Jiangyin City
5、Business services: Focus on integrated service of development and manufacture of thehigh-end image modules.
6、Scale: it is planned to reach monthly production capacity of one million high-end image modules by the end of 2011; and it is targeted to reach monthly production capacity of three million by the middle of 2012.
7、Prospect: the two sides will work together to give full play the proximity in China - the biggest advantage of the joint venture, and actively enhance market share in the camera modules.

Changjiang Electronics Technology, on the basis of the existing business relationship with Toshiba, will further form a strategic partnership with the Toshiba Corporation, and will provide its excellent semiconductor packaging technology. Combined with Toshiba’s advanced development, manufacturing and management capabilities in the area of components and devices, it is expected that the competitive advantage with fusion of the capabilities of both parties will be created. The company will actively make its efforts to become the industry leader, meet the present and future requirements from customers, and provide better services.