Tokyo-based chemical manufacturer Showa Denko K.K. (SDK) has announced to split off and transfer its GaN LED epitaxial wafer and chip production business to its subsidiary TS Opto Co Ltd (which was founded at the end of September at SDK’s plant in Ichihara City, Chiba Prefecture),at its latest board meeting. SDK’s GaN LED business had net sales of JPY5322m in 2011. While existing sales activities will not be transferred to TS Opto, SDK itself will stop selling GaN LEDs as of the 1 December date for the business’ transfer ...