Tyntek to Become Taiwan’s Third-largest LED Chipmaker by Acquiring Ubilux

Tyntek Corp, a Taiwan-based LED chipmaker, recently said it is seeking to acquire its local rival Ubilux to expand its output of LEDs for panel backlighting, according to an article on Taipei Times. The acquisition will make Tyntek Taiwan’s third-largest LED chipmaker, after Epistar Corp and Optotech Corp, the report said.

Tyntek said its board has approved a proposal to acquire Ubilux, a LED arm of Powerchip Semiconductor Corp. According to Tyntek, the acquisition will be conducted through a share swap, and one Tyntek share will be exchanged for 1.375 Ubilux shares. Tyntek will issue 88.07 million new common shares for Ubliux shareholders, making the deal worth about NT$2.81 billion (US$86.8 million). After the acquisition, Powerchip will become the biggest shareholder at Tyntek. The deal is scheduled to close on March 1.

The Hsinchu-based company hopes to build a stronger presence in the booming LED backlight sector, as growing demand for LED TVs has caused severe supply constraint. Tyntek aims to increase its MOCVD tool, which is used to make LED chips, from six units at present to 30 units by the end of next year. This would help generate at least NT$800 million in revenue next year and another NT$2.5 billion in 2011, the company said.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.
Display devices have been used for many years as a means of HMI (Human Machine Interface) to connect humans and machines interactively, and their usage are still expanding. Automotive interiors are no exception to this trend, with an increasing ... READ MORE
About LiDAR Automotive industry trends In recent years, many vehicles have been launched with ADAS (Advanced Driver Assistance Systems) as standard equipment. As the future evolves towards more automated driving, sensing around the vehicle i... READ MORE