Chenghe Acquisition Co., a special purpose acquisition company, announces the successful closure of its business combination with Taiwan Color Optics, forming Semilux International Ltd. (ticker symbol “SELX”). Commencing Nasdaq Capital Market trading on February 16, 2024, Semilux aims to advance LiDAR and ADB technologies for the autonomous vehicle market.
The completion follows the approval at a special meeting of Chenghe’s stockholders on February 2, 2024. Ordinary shares of Semilux International Ltd. are expected to trade under the ticker symbol “SELX” on Nasdaq. With 14 years of expertise, Taiwan Color Optics has been a provider of laser modules and components across various sectors. Now, as part of Semilux, it shifts focus towards the autonomous vehicle market, enhancing LiDAR and ADB technologies to meet growing safety standards.
Dr. Yung-Peng Chang, Chairman of the Board, Director, and Co-Chief Executive Officer of Semilux, expresses gratitude and outlines the strategic shift. He emphasizes Semilux’s intention to leverage Taiwan’s semiconductor ecosystem for global growth, deliver high-quality, cost-effective products, and collaborate with leading OEMs and Tier-1 suppliers to seize market opportunities.
Richard Qi Li, Chairman of Chenghe Acquisition Co., is excited about Semilux’s future, anticipating technological breakthroughs and transformative impact in the autonomous vehicle market. He highlights Semilux’s innovative LiDAR & ADB solutions and strong partnerships with the world’s leading OEM and Tier-1 suppliers, positioning the company for sustained business growth and shareholder returns.
