LED technology has the advantages of low material cost

Chimei hoped the whole revenues reached NT$6 billion (US$199.33 million), up 30%, which could remain the first in Taiwan market in 2011. And the overseas markets were expected to have a 30% revenue share from overseas markets. The shipment for LCD monitors was planed to 800,000 units and oversea markets would account for 540,000 units.

The signing ceremony was held at China World Hotel in Beijing on December 8th, 2010. Mr. Junqing Chen, Acting Mayor of Nanchang, Mr. Xiantang Meng, National Development and Reform Commission deputy director of high-tech industry, Mr. Hyun-Chan Cho, Country Manager of China & Mongolia of IFC, Mr. Alex Pan, Managing Director of GSR Ventures, and Mr. Sonny Wu, Chairman and CEO of Lattice Power attended the ceremony.

Lattice Power has developed a disruptive silicon based GaN LED technology, and owns over 150 patents in China and around the world. Comparing to other two technologies for LED, silicon-based LED technology has the advantages of low material cost, good thermal dissipation and led high bay light simple structure. This technology enables low-cost and large-scale manufacturing, enabling LED light bulbs to be used in millions of households, and will change how people use general lighting in their daily lives.

Since 2009, worldwide attention to the low-carbon economy has been driving vigorous development of the LED industry. In the face of huge market potential, Lattice Power set up and implemented the production capacity expansion plan quickly and took the lead in signing a LED Linear high bay light purchase contract with one of two global suppliers – Aixtron. That was Aixtron’s largest single order from Mainland China. By the end of 2010, the production capacity of Lattice Power reached 14 billion chips. In 2011, with the addition of new MOCVD installation, the production capacity of the company will reach 24 billion chips, and the company will become one of largest epitaxial material and chip manufacturers in China.