SDK Cooperates with Toyoda Gosei to Form JV for GaN LED Business

Recently, Showa Denko K.K. (SDK) has announced to set up a joint venture with Toyoda Gosei Co., Ltd. (Toyoda Gosei), for GaN LED Business by the end of 2012.

SDK is producing and selling a wide variety of LED chips, including aluminum-gallium-indium-phosphide (AlGaInP), gallium-arsenide (GaAs), gallium-phosphide (GaP), and GaN. It will split its business in gallium-nitride (GaN)-based blue LED chips, and transfer 70% of shares in the new company to Toyoda Gosei.

The joint venture will be established in the area of GaN LED chips being produced at SDK's plant in Chiba Prefecture.

Profile of the new company
Company name (tentative): TS Opto Co., Ltd.
Establishment: Scheduled for December 2012
Location: 5-1, Yawata Kaigan Dori, Ichihara City, Chiba Prefecture
Capital at the time of establishment: Approx. Y490 million (planned)
Ownership: To be owned 70% by Toyoda Gosei; and 30% by SDK
Scope of business: Production and sale of GaN-based LED products

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