Aixtron AG (AIXG) Announces Order For LED Manufacturing Tools From Yangzhou Longyao

According to Street Insider, Aixtron AG (AIXG) has announced a substantial multiple order for additional MOCVD tools from Yangzhou Longyao, a LED manufacturing company in Yangzhou, China which is a subsidiary of Rainbow Optoelectronics Material Shanghai Co. Ltd., China, a long time customer of AIXTRON MOCVD equipment.  Details are vague and no word on the financials of the deal.

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Dr. Alan Li, General Manager of Yangzhou Longyao commented, “The order was placed with AIXTRON as they will be continuing to help with our forthcoming capacity increase. In only a couple of years we have seen great acceptance for our range of HB GaN LED epiwafer products, so now we quickly have to ramp up more production in order to meet demand. We will surely have one of the largest and most capable GaN high brightness LED capacity facilities in China when these new tools are up and running.”

Shares of AIXG are up fractionally with the stock closing in on significant support in the 23 -25 area.  This is a mighty compelling area to scale in to a long term position in a top LED lighting play, but I’m waiting a bit longer to see if it can get closer to $23 level.

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