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(Via Digitimes) Aixtron (AIXG) is surging with heavy volume this morning on indications that the company has received a large order for 400-500 MOCVD machines used for LED production. The likely customer is GCL Group which was rumored to be bidding on a large order about a week ago.
Shares of AIXG are surging again following a mini correction over the past couple weeks. The stock surged off support of the 50 day … Read the rest
Rubicon Technology (RBCN) has opened its first manufacturing facility outside of the US. The manufacturer of sapphire substrates for the LED industry has opened a facility in Malaysia to better cater to the Asian LED and consumer electronics market. Research firm iSuppli believes the global LED market will double in the next three years driven by increased LED adoption in the general lighting market. Much of the LED growth up to this point has been … Read the rest
Philips Lumileds, the LED division of Royal Philips (PHG) has announced it’s the first company to mass produce the larger 150mm wafers used for LEDs. The larger wafers allow for 4x the number of LEDs as the old 3 inch wafers and is a key advancement to accelerating the production of LEDs for the lighting revolution. The increased output and greater efficiency will help drive down costs, acceleration adoption.
LED lighting products are an increasingly important revenue driver for Philips (PHG) with 10% of revenues coming from LED last year, 15% this year and potentially over 20% next year. The company’s goal is 50% of lighting revenues from LED by 2015 and 75% by 2020. The company is continuing to look to grow through acquisitions which include purchases of lighting vendors PLI and Genlyte. Philips executive Edward Po noted that LEDs are quickly taking … Read the rest
This morning, the 2nd China based (Taiwan) LED company has begun trading on a US exchange (the other is China Intelligent Lighting CIL) and it should generate lots of interest. SemiLEDS (LEDS) develops and manufactures LED chips and components for residential and commercial lighting. They believe their product offers the greenest, most efficient LED by replacing the sapphire component with copper alloy. As a leader based on lumens per watt as well as cost per … Read the rest
GT Solar (SOLR) continued its big surge off the bottom after announcing the first orders for its LED manufacturing equipment. Today, the stock got another boost when Wunderlich Securities said the company is way undervalued and would be an attractive buy out. The firm notes that SOLR has among the lowest PE ratios in the solar sector, just ahead of JA Solar (JASO). Ah, but the beauty of this company is that they are … Read the rest
Cree Inc (CREE) has announced the XLamp CXA20 LED array designed to accelerate the LED lighting revolution, providing 60 watt A-lamp equivalent output but consuming just 11 watts.
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“Cree continues to bring the broadest family of lighting-class LEDs to market, ensuring that lighting applications have optimized LED light sources,” said Norbert Hiller, Cree vice president and general manager, LED Components. “For lighting manufacturers seeking Cree … Read the rest
Less than six months ago GT Solar (SOLR) made a key purchase of Crystal Systems that has allowed them to move from strictly offering solar manufacturing equipment to LED manufacturing equipment as well. It’s already paying off. The company has announced that it received its first orders totaling $84 million for its sapphire crystalization systems used for LED production.
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“GT Solar is pleased that both Jiangsu … Read the rest
Cree Inc (CREE) has had quite a run off the bottom in recent weeks and the run continues this morning with the stock up about another 7% on a few bullish calls.
Morgan Keegan upgraded the stock from Market Perform to Outperform and raised the price target from just $48 to $75 a few days ago. They said the headwinds are dissipating and than the supply/demand balance will be gone by the end of this … Read the rest