News

7 September 2010

 

Huga to expand to 80 reactors in 2011; TV backlighting to comprise 20% of shipments   

Taiwan-based LED chipmaker Huga Optotech Inc has re-elected the members of its board, with Epistar (Taiwan's biggest LED chipmaker) taking three seats. Epistar is Huga's largest shareholder, with a 46% equity stake.

According to the report in Digitimes, Huga indicated that it will increase its number of MOCVD reactors to a total of 60 at the end of 2010 and 80 in 2011, and aims to boost TV backlighting products to 10% of its total shipments at the end of 2010 and more than 20% in 2011. High-brightness LED products currently represent 70–80% of Huga's revenues.

Regarding the current industry shortage of sapphire substrates, Huga points out that it aims to cooperate with Epistar in the future to strengthen both their positions in procurement. However, order sharing between the firms is unlikely, it adds.

Huga expects second-half 2010 revenue to improve upon that of the first half. August revenues fell modestly sequentially and September figures will see flat growth. However, the firm is bullish about growth prospects in 2011.

See related items:

LED market to grow from $7bn in 2009 to $10.7bn in 2010 then $20.4bn in 2012

LED chipmaker Epistar expands by taking 48% stake in Huga

Taiwanese LED makers expanding to meet backlighting demand

Notebook PC firm Inventec buys 4.9% stake in LED maker Huga

Search: Huga TV backlighting LEDs MOCVD

Visit: www.digitimes.com

Visit: www.hugaopto.com.tw

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