China's largest foreign LED chip factory officially put into operation

According to Taiwan media reports, by the LED manufacturer canyuan and LCD TV OEM manufacturers Ruixuan, the global panel giant (LG Display), South Korea LGD alloy, East Bay joint venture established by Jiangsu lucidity 18 photoelectric officially put into operation in 2011 is expected to begin the first quarter revenue, because production has the customer LGD panel grab material package under 5, corporate estimates first years to start the photoelectric lucidity and profit, have the opportunity to reach NT $6~8 billion yuan.

Canyuan chairman Jane tomoto pointed out that lucidity 25 MOCVD (metal organic chemical vapor deposition) machine has been installed, is expected in the first quarter began production planning, to the end of 2011 when MOCVD will reach the level of 50 units, can become the Chinese Yang and the largest foreign LED chip factory.

LGD is in charge of purchasing vice president Cui Zaiyi also pointed out that the LGD TV is expected in 2011 shipments will reach 70 million units, the annual growth rate of 35%, of which the LED backlight penetration was 60%, LED TV has a level of 21 million, LED became LGD important products.

At the same time, Cui Zaiyi also pointed out that the LGD will swallow the lucidity photoelectric 5 into production; production planning in terms of lucidity photoelectric 50 MOCVD, LED back light year 2011 will supply 5 million units of TV, 2 million 500 thousand of them are shipped directly to LGD.

Cui Zaiyi further pointed out that all LGD LED 100% in addition to outsourcing, specializing in the production of the LED group's LG IT to supply LGD, lucidity, EPISTAR, billion light was also LGD suppliers.

Legal person pointed out that calculating terms of 20 MOCVD capacity, first years of production that photoelectric lucidity has considerable achievements, there are opportunities for revenue amounted to 500 million yuan, with 50 sets of MOCVD calculation, revenue at 1 billion yuan, the 2011 profit is expected to challenge 6~8 million nt.

Lucidity photoelectric 18 days in Yangzhou held a grand ceremony, LG Display President Quan Yingshou, chairman Wu Chunfa, reashine mixcrystal photoelectric chairman Jiao Pinghai, general manager of the East Bay Lin Yihuang, senior vice president TCL He Chengming all panel to the upstream to the downstream LED industry heavyweights are present.

Canyuan photoelectric investment lucidity holding approximately 37.5%, in Wu Chunfa's auspices and LGD Ruixuan a total investment of about 15% of the photoelectric lucidity, East Beizeyue 10%, mixcrystal days ago also announced the investment lucidity photoelectric, scale of investment of about $600 thousand, accounting for the proportion of young ladies is only about 1% of South Korea's ETI Wooree a subsidiary of Wooree LED, also in Yangzhou canyuan factory can set up by Yang LED packaging factory, Wooree LED shares of gem rose about 5%.