Sanan Optoelectronics plans to add 100 MOCVD sets in 2014
Sanan Optoelectronics plans to add 100 MOCVD sets in 2014 https://www.kiwilighting.com/blog/sanan-optoelectronics-plans-add-100-mocvd-sets-2014/ The largest China-based LED epitaxial wafer and chip maker Sanan Optoelectronics plans to expand production capacity by adding as many as 100 MOCVD sets in 2014, company president Lin Ke-chuang said at LEDforum Taipei 2013 on October 16. We formerly reported that MOCVD precursor demand for LEDs...
Sanan Optoelectronics plans to add 100 MOCVD sets in 2014
The largest China-based LED epitaxial wafer and chip maker Sanan Optoelectronics plans to expand production capacity by adding as many as 100 MOCVD sets in 2014, company president Lin Ke-chuang said at LEDforum Taipei 2013 on October 16.
We formerly reported that MOCVD precursor demand for LEDs is great and still growing, which led to a China factories deployment of MOCVD equipments, and Sanan Optoelectronics is just one case.
Sanan’s capacity utilization increased from 85-90% in the second quarter of 2013 to 100% in the third, Lin indicated. Sanan currently has 140 MOCVD sets and is installing 20 additional ones, equivalent to monthly capacity of 500,000 2-inch LED wafers, at the end of 2013, Lin said. In order to expand capacity, Sanan plans to raise CNY3-4 billion (US$490-654 million) through private placement, Lin noted.
Sanan has won open bids to supply 40% of LED street lamps procured by local governments in China, Lin said.
With 70% of its LED chips expected to be used in lighting and 25% in backlighting, Sanan aims at revenues of CNY4.5 billion for 2013, Lin indicated. Sanan expects revenues for the fourth quarter of 2013 to grow 5-5% sequentially, Lin said.
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