Everlight International Corporation, US subsidiary Everlight Electronics Company Ltd., announced that it has purchased the LED and LED display product lines of Fairchild Semiconductor. Fairchild will retain its optocoupler and infrared product lines. The company did not disclose the financial terms of the sales.
Robert Yeh, CEO, Everlight, said, ˇ°Everlight has partnered with Fairchild in the LED business for a number of years. By purchasing these product lines from Fairchild, Everlight is able to expand its core business and will increase its global presence.ˇ±
As part of the sale agreement, Fairchild has agreed to work closely with its customers, channel partners and Everlight to directly support the sale of LED and display products for an appropriate period of time, until the transition is completed. Both companies expect to substantially complete the transition during Q1, 2006.
Yen, added, ˇ°All of us at Everlight are committed to providing impacted customers with the highest level of customer service. As Fairchild's LED foundry partner, our customers can be assured of receiving the same high quality products after the transition is completed as they have come to expect. We look forward to building an expanded presence in Asia, Europe and the Americas and will continue to provide high quality products to the existing customers of Fairchild.ˇ±
Everlight Fairchild
