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According to Taiwan media reports, Jiangsu Yanyang Optoelectronics Co., Ltd., a joint venture between LED manufacturers and LCD TV OEMs, and global panel giants LGD (LG Display), Hejing and Dongbei, was officially put into operation on the 18th. In the first quarter of 2011, revenue began. As the production capacity of the panel customers LGD grabbed 50% of the package, the legal person estimated that the first year of the company's photovoltaics will start to profit, and have the opportunity to reach NT$600-800 million. .
Yan Feng, chairman of the board of directors, pointed out that 25 MOCVD (organic metal chemical vapor deposition) machines have been installed, and it is expected to start production in the first quarter, and the MOCVD will reach 50 units by the end of 2011. Yang Yang has also become China's largest foreign LED chip factory.
LGD’s vice president of procurement, Cui Zaijun, also pointed out that LGD expects TV shipments to reach 70 million units in 2011, with an annual growth rate of 35%, including LED backlight penetration rate of 60% and LED TV with 21 million units. LED has become a product that LGD attaches great importance to.
At the same time, Cui Zaiyu also pointed out that LGD will swallow up the capacity of 50% of the company's photovoltaics; if it plans to use MOCVD's 50 MOCVD capacity plans, it will supply 5 million TV backlights for the whole year in 2011, including 2.5 million units. It is shipped directly to LGD.
Cui Zaiyu further pointed out that all LEDs of LGD are 100% outsourced. In addition to the Group's LG IT, which specializes in LED production, it is supplied to LGD. Celestial, Jingdian and Yiguang are also suppliers of LGD.
The legal person pointed out that if 20 MOCVD production capacity is calculated, the first year of the production of Yangyang Optoelectronics will have considerable results, and the revenue will have an opportunity of 500 million yuan, calculated by 50 MOCVD, and the revenue will be 1 billion yuan. Profits in 2011 are expected to challenge NT$600-800 million.
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