Everlight Electronics to sell Miaoli plant as Thailand expansion, AI demand reshape growth outlook

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Everlight Electronics to sell Miaoli plant as Thailand expansion, AI demand reshape growth outlook

LED packaging maker Everlight Electronics said it will sell its Tongluo plant in Miaoli to Sinbon for NT$3.458 billion (US$108.5 million), a move expected to strengthen its capital allocation as it shifts investment toward higher-growth businesses. The company also said its new Thailand factory, built partly to reduce geopolitical risk, is scheduled to begin mass production in the second half of 2027.

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