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Technology Stocks : Veeco Instruments-Who?

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From: Sam	3/2/2011 9:14:42 AM
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GCL-Poly to spend US$500 million to set up LED plant Siu Han, Taipei; Yvonne Yu, DIGITIMES [Wednesday 2 March 2011] digitimes.com China-based upstream solar material supplier GCL-Poly recently started construction of an LED production plant in Jiangsu, scheduled to complete at the end of 2011. Initial investment is US$500 million. GCL plans to install 100 MOCVD sets by the end of 2011, and parent company GCL Power plans to purchase a total of 400-500 MOCVD sets. A market rumor indicated that a China-based maker placed a order for 400-500 MOCVD machines with Aixtron at the end of 2010, and the rumor has recently been confirmed with GCL-Poly the maker. Industry sources from China noted that GCL-Poly is optimistic about the significant business opportunities of the LED industry and plans to transfer its successful experience in the silicon industry to LED industry. Total investment of GCL-Poly's LED production base is about US$2.5 billion and it plans to install a total of 400-500 MOCVD sets and chip production equipment. The first phase development is scheduled to install 170 sapphire crystal growth furnaces and 100 MOCVD set with revenues expected to reach US$1 billion.

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