San’an Opto’s board recently approved its Xiamen arm’s MOCVD procurement method plans, according to a recent company statement.

San’an Opto’s plans of installing another 50 MOCVD equipment was approved by the company board on Dec. 11, 2014, according to several Chinese media reports.

Vishay Semiconductor, Heilbronn, has acquired an MOCVD system from AIXTRON to expand its infrared LED production capacities. The company aims to substantially extend its product portfolio in this area. The system was delivered to Vishay at the end of March.

San’an Opto has raised about RMB 3.24 billion (US$ 530 million) by privately issuing a total of 151 million stocks to eight specific investors, according to a recent report by Chinese-language Aastocks.com. The funding raised is equivalent to building a new San’an Opto enterprise.