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has been changed under the approval of at the shareholder meeting

According to the company, it began the construction in March 2010, with first-phase project scheduled to be completed LED Linear high bay light and tooled by the end of 2010 at a cost of around NT$5.5 billion (US$177 million). Volume production will not kick off until Q1 of 2011.

Desite some institutional investors said the No.1 pure silicon foundry would license LED patents from Philips, TSMC executives stressed that it will develop patented technologies on its own and Philips is simply a perspective customer.

Taiwan-based LED lighting leading brand, changed its company name from “topco energy saving system corp.” to “Top Energy Saving System Corp.” As TESS is planning an IPO in Taiwan this year, this name change is carried out in order to avoid public confusion between led high bay light and other similar company names. The brand name, TESS, remains the same. The new company name, Top Energy Saving System Corp., has been changed under the approval of at the shareholder meeting.

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