Skip to main content

our position in the general illumination market

ON Semiconductor plans to continue and expand upon the structural transformation initiated by SANYO Electric. SANYO Electric has agreed to support its original business transformation plan to restore led high bay Semiconductor's profitability. SANYO Electric has also agreed to support ON Semiconductor's future efforts to further improve SANYO Semiconductor's manufacturing and operations.

For ON Semiconductor's second fiscal quarter ended July 2, 2010, the company expects that both revenues and earnings will be in line with the guidance provided in the company's first fiscal quarter 2010 earnings release which was announced on May 5, 2010. Further details of the company's second quarter 2010 results will be made available on our regularly scheduled conference call on August 4, 2010.

GCA Savvian Advisors, LLC acted as exclusive financial advisor and Morrison & Foerster LLP acted as legal counsel to ON Semiconductor. Nikko Cordial Securities Inc. acted as exclusive financial advisor and Nagashima Ohno & Tsunematsu acted as legal counsel to SANYO Electric.

Dr. Jurgen Yeh, Chief Technology Officer, commented, "Neo-Neon plans to expand our LED wafer output seven-fold over the next three years. We have decided to include led high bay light system in our plans due to its proven high productivity as well as the recent uniformity and repeatability advances that Veeco has achieved. We intend to move quickly to expand our position in the general illumination market, and require supplier partners that can keep pace with our plans." To fund its expansion, Neo-Neon has recently raised NT$2.06 billion (U.S. $64 million) through a share issuance in Taiwan.

Comments

Popular posts from this blog

LED recessed downlighting options for general lighting in commercial

Cooper Lighting, a division of Cooper Industries plc (NYSE: CBE), has expanded its Halo LED H7 Collection offering additional choices in LED color temperatures and higher lumen options. The 6” LED downlight product line expansion–from the original Halo LED 600 Series–now includes the Halo LED 900 Series and Halo LED 1200 Series, offering a wide and versatile selection of energy-efficient LED recessed downlighting options for general lighting in commercial, retail, institutional and residential applications. Designed for new construction projects or to retrofit existing 6” nominal compatible housings (with an Edison screw base adapter included with the module), the Halo LED H7 Collection features excellent color rendering (80 CRI) and offers the industry’s widest selection of color temperatures (2700K, 3000K, 3500K and 4000K). The superior optical design yields productive beam lumens providing smooth, even illumination, excellent cutoff and extremely low glare. Consuming less than 15W, ...

The acquisition expands Johnson Controls lighting services beyond the school

Patriot Taxiway Industries, Inc stepped into aerospace and aeropart manufacturing a little over 20 months ago in Omro, Wisconsin, then transferred to a superior manufacturing plant in Lomira, Wisconsin. Patriot Taxiway president and vetrepreneur, Steven A. Smits, who served in the U.S. Air Force and is still enlisted in the Air National Guard, had a lot weighing on the fulfillment of their first contract. The team comprised of more than 70% veterans, produced and delivered all 2,000 remotely controlled lighting systems on schedule to their international destinations. Smits credited their manufacturing efficiency and the quality of the LED products they provide to the veterans and other team members. The acquisition expands Johnson Controls lighting services beyond the school, healthcare and government markets it currently serves as NES provides lighting upgrade and maintenance solutions largely for retail, commercial, and industrial customers. Johnson Controls also will provide effecti...

Semiconductor lighting industry in Shenzhen develops rapidly in recent years

Orion’s LED fixture, designed to perform at temperatures as low as -20 degrees Fahrenheit, has been retrofitted in more than 3 million square feet of freezer and cold-storage space in facilities across the nation in the past several months. Companies with Orion LED technology in their facilities include US Foods, Sysco, Americold, and Save-A-Lot. The three approved Orion LED fixture models vary based on application-specific lens configuration. Orion’s LED fixtures are designed to replace traditional high intensity discharge and T8 and T5 fluorescent fixtures. Orion’s LED fixtures use 123 watts compared to 400-watt HIDs and 298-watt fluorescents. According to its Web site, the DLC is a collaboration of utility companies and regional energy efficiency organizations committed to raising awareness of the benefits of efficient lighting in commercial buildings. In order to be included on the DLC’s QPL, a product must meet or exceed specific industry standards. QPL inclusion is required for c...