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.
Labels:

Comments

Post a Comment

Popular posts from this blog

while all of hit new record quarterly highs

As a result, to increase greenhouse yields and decrease producers' energy costs, they will team up with Rutgers University, the University of Arizona, Michigan State University, and Orbital Technologies Corp. on the four-year project to improve and evaluate LED lighting for greenhouse use, according to Cary Mitchell, a professor of horticulture and project director for the grant. Total sales from January through September of 2010 hit NT$92.88 billion, up 35% YoY. Meanwhile, operating profit and net profit reached NT$5.67 billion and NT$6.8 billion respectively, with accumulated EPS of NT$3.05 increasing a remarkable 50% YoY. In 3Q10, The Company’s gross margin and operating margin reached 13.9% and 6.7%, up 0.9% and 0.4% QoQ, respectively. Lite-On’s net cash position held steady at NT$11.9 billion, after its recent cash dividend distribution of NT$5 billion. Non-operating items posted a net income of NT$508 million in3Q, with Perlos’ Q3 sales reaching €138 million, up 12% YoY. Perl...
Post a Comment
Read more

LED lighting to reduce both power consumption

The new product is designed for use in bus & taxi stops, benches and walkway coverings and other public spaces. It is set to sell from July 20, exclusive to the Japanese market, targeting municipalities and led linear high bay light private companies. And the two manufacturers also propose its use for a wide range of applications across Japan. Its key features including:Firstly the shelter's solar power generating system can supply electricity for surrounding electrical needs, such as lighting for advertising displays, with excess power being sold to the power utility companies, thus helping to meet expected power shortages in Japan during the summer. Secondly, LED lighting to reduce both power consumption and CO2 emissions at night. Moreover, the shelter can play as emergency power supplier in the event of a disaster, as it has an independent power outlet that could be used to charge mobile phones or other vital electronics. During the several years, LED lights have gradua...
Post a Comment
Read more

although some of the monster screens had relatively narrow viewing angles

Spark new tunnel light series includes 50w, 75w, 100w, 125w, 150w, 175w, 200w, which could meet different project requirements. From the exhibition we know Spark new LED tunnel light will be more and more popular, and illluminate more and more tunnels all around the world. Consumer Reports didn't render a verdict after just a quick look, but noted that Sharp "has definitely taken the lead in larger TV screen sizes." It cited the 60-, 70- and 80-inch sets from the past, saying they had typically done well in TV ratings, although some of the monster screens had relatively narrow viewing angles. Consumer Reports pointed out a question that "not everyone has the room -- or room in the budget -- for a 90-inch set." So, when rolling out the world's biggest TV (in its class, anyway), why bother with subtlety and understatement, right?Sharp Electronics of America President John Herrington said it "offers size, picture quality and smart functionality unlike anyt...
Post a Comment
Read more