Aixtron AIXG now listed on the NASDAQ after GGNS merger Message Board

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Technology Stocks : Aixtron AIXG now listed on the NASDAQ after GGNS merger

AIXG 3.060

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Jul 18 5:00 PM EST

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From: Ian@SI	3/17/2010 2:43:00 PM
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Another MOCVD expansion... Lextar to raise additional capital for MOCVD capacity expansion DIGITIMES [Wednesday 17 March 2010] Taiwan-based LED epitaxial wafer and chipmaker Lextar Electronics, a subsidiary of AU Optronics (AUO), will issue 55 million new shares at NT$50 per share in April-May to raise additional paid-in capital of NT$2.75 billion (US$85.9 million) for expanding its MOCVD production capacity from 19 sets at the end of 2009 to 40-50 ones at the end of 2010, according to the company. Of the new shares, 90% will be available for subscription by existing shareholders and 10% by employees, the company indicated. Lextar originally planned to rent a plant in Hsinchu Science Park (HSP) from AUO, but its board of directors has decided to purchase it from AUO instead for an amount no higher than NT$880 million. Lextar's capex for 2010 will be mainly for expanding LED chipmaking capacity, it said. For packaging, the company has no plan to expand capacity in 2010, but instead will concentrate on improving efficiency and production volume, the company noted. Lextar started supplying LEDs for LCD TV backlighting earlier in 2010, and the company expects TV backlight-use LEDs to account for over 30% or even 50% of its total shipments by the end of the year, market sources said. After the merger with SMD LED maker LightHouse Technology, Lextar will re-apply for listing on the emerging stock market in Taiwan in March-April and for listing on the main board of the Taiwan Stock Exchange (TSE) in the second half of the year, Lextar added.

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