Lextar to Start LED Subsidiary in China
Source/Type:  LIGHTimes Online - News - Staff reports

February 2, 2010... LED epitaxial wafer maker, Lextar Electronics, an AU Optronics subsidiary based in Taiwan, plans to invest US$20 million to set a subsidiary of its own in Suzhou, eastern China, according to an announcement by Lextar and a Digitimes article. The article indicated that Lextar's new subsidiary will initially focus on LED packaging, with operations expected to begin in H1 of 2011. The Lextar said its subsidiary may extend to MOCVD production of LED epitaxial wafers later. Lextar's board of directors has reportedly set the date for the company to merge with LightHouse Technology on March 15. The new entity will have paid-in capital of NT$3 billion (US$93.64 million). After the merger, Lextar plans to apply for listing on the emerging stock market. Lextar reportedly added 19 MOCVD machines towards the end of 2009 as a result of the boom in LED TV sales.

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