Taiwan-based LED chipmaker Tyntek has plans to raise capacity for LED epitaxy and LED chip production. Its subsidiary will invest US$30 million to add 10-15 MOCVD sets, bringing its capacity in China and Taiwan to 40-45 sets in 2011.
Tyntek currently has seven MOCVD machines and has begun test production with official production scheduled for first-quarter 2011. The new equipment is projected to bring in NT$50 million (US$1.7 million) in monthly revenues when fully operational.
Tyntek will install 10-15 MOCVD machines at its Taichung facility in the second and third quarters of 2011. Tyntek plans to add a total of 30 MOCVD sets in Taichung, and will initiate a second phase of expansion after mid-2011 based on market conditions at the time.
Tyntek also announced plans to invest CNY153 million (US$23 million) to set up an LED production joint venture with the Fuzhou government in China. The venture will have a capital of CNY353 million. First phase development will focus on LED epitaxy and chip production, with plans to install 30 sets of MOCVD equipment eventually, and it is scheduled to commence production at the end of the third quarter at the earliest.