Genesis Photonics looks to LED street lamp demand in China

LED epitaxial wafer and chip maker Genesis Photonics plans to compete for orders for LED street lamps from local governments in China in 2014, with such lamps to be made from its flip chip LED devices featuring low electric and thermal resistance, high luminous efficiency, good heat dissipation...

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LED epitaxial wafer and chip maker Genesis Photonics plans to compete for orders for LED street lamps from local governments in China in 2014, with such lamps to be made from its flip chip LED devices featuring low electric and thermal resistance, high luminous efficiency, good heat dissipation and wire-free bonding, according to the company.

The China government will announce plans to procure LED street lamps and related subsidization in first-quarter 2014, with such demand expected to begin in the following quarter.

Genesis uses supersonic compression to directly bond LED chips on ceramic substrates, with chip coverage of about 80%, the company said. LED chips can also be bonded on ceramic substrates using reflow soldering, but coverage is difficult to reach 80%, Genesis said.

In terms of application, lighting accounts for 50% of Genesis’ consolidated revenues currently, notebook backlighting for 20-25% and smartphone backlighting for 20-25%, the company indicated. Of the lighting appliactions, 40-50% are shipped to China-based clients and 35% to Japan-based ones, Genesis noted.

In addition to outdoor lighting, flip chip LED devices can be used in direct-type LED-backlighting for LCD TVs and Genesis has begun such shipments, the company indicated.

Genesis recorded consolidated revenues of NT$387 million (US$13.1 million) for November, growing by 3.25% on month and by 17.82% on year, and those of NT$3.623 billion for January-November, up 7.27% on year.

About Genesis Photonics

Genesis Photonics Inc. was founded in 2002. With its innovative semiconductor technologies and efficient management, the company has undergone fast growth and went public in 2007 in Taiwan. We are currently seeking for distributor and project in commercial, warehouse, residential or through its distribution channel in open North, South US and Canada Market

Genesis Photonics looks to LED street lamp demand in China

Epistar expanding LED capacity at China joint venture

Taiwan-based Epistar is expanding its LED wafer and chip production capacity at KFES Lighting (Xiamen) – a joint venture (JV) with China-based China Electronics in southeastern China – from nine MOCVD sets currently to 30 in 2014, according to sources with the LED supply chain.

Taiwan-based Epistar is expanding its LED wafer and chip production capacity at KFES Lighting (Xiamen) – a joint venture (JV) with China-based China Electronics in southeastern China – from nine MOCVD sets currently to 30 in 2014, according to sources with the LED supply chain.

As demand for LED lighting is taking off, Epistar is also enhancing operations at its other plants in China, including: Episcrystal in Changzhou, a JV with Taiwan-based Lite-On Technology and China-based LCD TV vendor Konka; and United (Shandong) LED in northern China, a JV with Taiwan-based United Microelectronics Corporation (UMC).

The JVs are expected to account for 10-15% of Epistar’s consolidated revenues, the company indicated.

About Epistar Corp.

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Epistar Corp. is the largest manufacturer of light-emitting diodes (LEDs) in Taiwan.[1] The company was established in 1996, and its headquarters are in the Northern Taiwanese city of Hsinchu. In 2009 it had an annual turnover of NT$10 billion. Epistar specialises in high-brightness LED products, which are used in general lighting, traffic signals, and various consumer products such as mobile phones and laptop computers. The company supplies the LED backlighting for Samsung liquid crystal displays. It is the world’s largest manufacturer of red and yellow LEDs, and holds over 1000 patents.[1] It has a history of patent disputes with competitor Philips Lumileds over the use of AlInGaP LED technology. However in September, 2009, Philips Lumileds signed an agreement to license AlInGaP technology to Epistar.

Epistar expanding LED capacity at China joint venture

Elec-Tech 3Q Financial Report Shows Drop in Stock Price

Chinese LED manufacturer Elec-Tech released their 3Q financial report on October 29th, 2013. Revenue for 3Q reached RMB 916 million (US $150 million), a growth of 27.15 percent compared to 3Q last year, a gross profit margin of RMB 2.44 million for shareholders, a yearly increase of 97.36...

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Chinese LED manufacturer Elec-Tech released their 3Q financial report on October 29th, 2013. Revenue for 3Q reached RMB 916 million (US $150 million), a growth of 27.15 percent compared to 3Q last year, a gross profit margin of RMB 2.44 million for shareholders, a yearly increase of 97.36 percent with each stock EPS declined RMB 0.0002 each. Combined revenue from the first three quarters in 2013 was RMB 2.27 billion, a yearly growth of 16.69 percent. Gross profit margin of RMB 50 million for shareholders, which was a yearly decrease of 56.45, EPS of RMB 0.04 for each stock.

According to the company’s financial report, combined gross profit margin for company stockholders for Jan.-Sept. 2013 was RMB 50 million, lower than last year’s RMB 115 million by 56.45 percent during the same period due to decrease in government subsidiary and large increase in financial expenses. Elec-Tech’s financial report also revealed the company only received RMB 87.65 million in government subsidiary compared to last year’s RMB 163 million.

Elec-Tech non-business income for Jan.-Sept. this year had a larger drop than the same period last year, having declined to RMB 88 million this year from RMB 164 million in 2012 . Stock prices for 1Q-3Q13 are RMB 0.04, a dip of 60 percent compared with 1-3Q12 stock prices of RMB 0.1.

From the perspective of Elec-Tech upstream wafer production capacity, Wuhu Elec-Tech and Yangzhou Elec-Tech 3Q had a combined shipment total of 92 MOCVD equipment. Among these, 54 units are already in mass production, two are used in R&D and the remaining equipment is currently in the debugging and installation process. Industry insiders expect that Elech-Tech could continue increases in MOCVD equipment this year.

Elec-Tech 3Q Financial Report Shows Drop in Stock Price

Epistar chairman: consolidation among Taiwan- and China-based LED chip makers by 2015

Epistar chairman Lee Biing-jye says there will be consolidation among Taiwan- and China-based LED chip makers by 2015. Reshuffling in the LED chip manufacturing industries in Taiwan and China through merger may happen faster than originally expected and larger makers will merge with smaller...

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Epistar chairman Lee Biing-jye says, “there will be consolidation among Taiwan- and China-based LED chip makers by 2015.”

Reshuffling in the LED chip manufacturing industries in Taiwan and China through merger may happen faster than originally expected and larger makers will merge with smaller ones, leaving only two Taiwan-based makers and three China-based makers by 2015, according to chairman Lee Biing-jye of Epistar.

As continued improvement in technology keeps decreasing production costs, prices for LED chips are estimated to drop by 10% each year in the near future, Lee said. In addition, progressive development of LED chip technology is likely to reduce room for LED packaging and thereby lead to LED chipmakers merging with packaging houses, Lee pointed out.

Epistar has set aside funds for vertically combining LED packaging houses and/or downstream LED product makers through a stake investment over the next three years, Lee indicated.

Epistar suffered a net loss of NT$1.117 billion (US$38.5 million) in 2012 due to non-operating net losses of about NT$2.0 billion from stake investment in fellow maker Huga Optotech, Lee noted. However, Epistar expects 2013 business operation to turn profitable.

Epistar expects capital expenditure of NT$3.0 billion in 2013 and will set aside a larger budget for 2014, Lee said. Epistar plans to add 30 MOCVD sets in 2014, Lee indicated.

Epistar chairman: consolidation among Taiwan- and China-based LED chip makers by 2015