Taiwan Genesis Photonics has scheduled to pour US$35 million in 2012 in China to build Kunshan plant in southern China.
The new plant is a joint venture between Genesis and the Kunshan municipal government.Construction began in September 2010 with a total investment of around US$200 million.Under the construction,the municipal government will provide 51%of the funds and Genesis 49%.And Genesis has invested US$35.88 million for the first phase.
The plant is expected to be completed in the Q3.And it will procure 2-inch MOCVD equipment and expects to have a monthly capacity of 20,000-30,000 epitaxial wafers as commercial production begins.
Genesis mainly focuses on supplying green LED chips for LED outdoor billboards in mainland China.And green LED chips products have 90%share in the company's total products,while 10%were blue LED chips before 2009.However,it takes a big change as the increasing demand for white light LEDs.Currently,blue LED products accounted for 80%of total products,while green LED products accounted for 20%in first-half 2012.
The company chairman David Chung has pointed out that China is the second-largest market for Genesis and approximately 40%of 2011 total revenues came from mainland China.
As developing,Genesis will have three production bases in the Greater China region:Tainan,Dongguan and Kunshan.The Tainan plant will focus on innovative technologies R&D and sales to international customers.And for the two China-based plants,Chung expected them to be completely responsible for supplying LED chips in China before 2015.
