Genesis a third factory at STSP start building

Recently, Genesis Photonics started seting a third LED epitaxial wafer factory in the Southern Taiwan Science Park (STSP), which could produce 120,000 LED epitaxial wafers every month and will complete the project in 2Q 2011.

Genesis had built two factories at STSP. The first one has been in producing and the other one has been building which has been planed to complete in 1Q 2011. Now, Among applications for its LED epitaxial wafers, about 30-40% of Genesis’s revenues had come from backlight units, 25-30% from LED lighting and 35% from outdoor displays.

In 4Q 2010,the company expected to expand MOCVD sets from the present 35 to 55 and could rise to 80 with the third factory expansion of production capacity needing .

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