Last Friday, LED epiwafer manufacturer Genesis Photonics Inc. (GPI) outlined its future roadmap at a press conference, stating it was redirecting its focus to CSP LEDs for automotive lighting, reported Money DJ.com.

The LED market’s downturn resulted in net losses for certain manufacturers, such as Taiwanese LED die manufacturer Genesis Photonics Inc., leading to rumors that it is on the brink of a shutdown, reported Apple Daily.

In 2016, Epistar lead the Taiwan LED industry business model transition from unprofitable product portfolio to refocusing on more profitable client orders. Other LED companies have caught onto this trend, such as Unity Opto, which slashed LED bulb production capacity by 70%, reported China Times.

Aixtron’s announcement last Friday that is in talks with Chinese investment group Fujian Grand Chip Investment Fund (GCI)’s German subsidiary has attracted criticism from one of the group’s largest shareholder Argonaut Capital, according to aFinancial Times report.

Taiwanese LED manufacturer PlayNitride held a press conference recently at Grand Hyatt Taipei to respond to Genesis Photonics Inc. (GPI) allegations of selling trade secrets. The following content are an excerpt of the media conference.

CSP LEDs developed by Taiwanese LED manufacturer Genesis Photonics Inc. (GPI) are being shipped to Japan, Europe and U.S. markets is gradually taking off. In a recent interview with LEDinside, the company’s CEO Mark Chen analyzed the company’s wafer level Chip Scale Package (CSP) LEDs that were an extension of its flip chip technology, and the advantages these products have in future niche market applications.

In a company statement, former Chief Technology Officer (CTO) of Genesis Photonics Inc. (GPI) and founder of PlayNitride, Yun-Li (Charles) Lee has refuted GPI’s allegations of selling the company’s key technologies to Chinese LED manufacturer San’an Opto, reported TechNews.

Taiwanese LED epiwafer manufacturer Genesis Photonics Inc. (GPI) has filed a lawsuit against its former Chief Technology Officer Yun-Li Lee for stealing and selling trade secrets to Chinese competitors, and applying acquired GPI technology in his startup company PlayNitride.

Intense competition in the LED market will spur the LED market into a new phase, and with Nichia’s white LED patents expiring in 2017, Taiwanese LED chip maker Genesis Photonics Inc. (GPI) is focusing on the emerging flip chip LED and CSP LED market, said the company Chairman David Chung in a recent interview with China Post.

Taiwanese LED manufacturer Genesis Photonics Inc. (GPI) has sealed a NT $2.55 billion (US $80 million) loan deal with a syndicate of local banks in Taiwan to repay loans and expand the company’s operation capital.

LED manufacturers have announced their revenues for April lately, with Taiwanese LED chip and package manufacturers Epistar and Genesis Photonics Inc. (GPI) performance outshone other competitors, reported China Times.

Genesis Photonics Inc. (GPI) second largest investor, Chicony, has acquired a 7% stake worth NT $350 million (US $11.14 million) of Everlight bonds, reported China Times.

Taiwanese LED epiwafer manufacturers received backlight orders from Apple for iPhone products and the upcoming Apple Watch, according to a latest report by Chinese-language Liberty Times report.

Following the integration among upstream LED manufacturers in Taiwan, such as the merger between Epistar and FOREPI and Cree’s investment in Lextar, Genesis Photonics Inc. (GPI) has become the second largest LED die supplier in Taiwan, according to a UDN report. Since Chicony became GPI’s largest shareholder, GPI’s financial performance has gradually improved, and has recently completed raising NT $1.0 billion (US $300 million) funding.

LED EPI wafer and chip manufacturer Genesis Photonics Inc. (GPI) Chairman David Chung upheld a positive outlook for the flip chip industry at a company shareholders meeting on June 18, 2014.

LED chip manufacturer Genesis Photonics Inc. (GPI) announced that June revenue reached NT $397 million (US $13.2 million), down 5.82 percent MoM, but growth of 27.54 percent YoY. Revenue for 2Q14 was NT $1.2 billion, up 10.68 percent compared to 1Q14. 

Genesis Photonics Inc. (GPI) has been devoted to developing flip-chip packaging recently. The Taiwanese LED chip manufacturer built a flip-chip package production line in 2013 to strengthen product integration. 

Chinese LED chip manufacturers are conservative towards expansion, according to the Commercial Times. Forepi and Genesis Photonics Inc. (GPI) have temporarily stopped introducing new MOCVD units for 2014 and are aiming to increase efficiency instead. However, Taiwanese manufacturer Epistar has continued to increase MOCVD units to meet lighting client demands, due to insufficient production during peak season.

LED industry’s supply and demand is likely to reach equilibrium sooner than predicted as price falls ease in price falls in 2013 due to exodus of Chinese LED manufacturers, said David Chung, Genesis Photonics Inc. (GPI) chairman during the Sustainable Green Development Global Green Business Outlook 2014 conference held by the Ministry of Economic Affairs on December 17th, 2013. The LED industry could see a rebound after the 2014 Lunar New Year.

The maturation of LED technology and lighting applications have allowed flip-chips to become the star of 2013. Genesis Photonics Inc. (GPI) has been producing flip chip products for over three years. In 2013, the company expanded into the new field of flip chip packaging and its development direction has been technological vertical integration. Elimination of wire bonding during the manufacturing process can effectively reduce LEDs damage risks. GPI plans to continue introducing flip chips into special application markets for street lights, tunnel lighting, and factory lighting, which require products with high reliability.