On May 22, San'an Optoelectronics Co., Ltd announced its wholly owned daughter company, Sanan Optoelectronics Hong Kong Company Limited would set up a subsidiary in the USA with its own funding of USD 10 million. This US-based firm would mostly focus on research, development, manufacture, and distribution of visible light communication (VLC) technology.
Meanwhile, another subsidiary Xiamen Sanan Integrated Circuit Co., Ltd. would also spend USD 20 million setting up a wholly owned subsidiary in Hong Kong. This new firm in Hong Kong would center on filter development & research, manufacture and distribution. After the Hong Kong firm is established, it will soon set up another subsidiary with a funding of JYP 90 million and this company will focus on the R&D of compound semiconductors.
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