Samsung LED and Sumitomo Chemical throw 500 billion won to produce LED sapphire substrate
[High-tech LED News] Samsung Sumitomo LED Materials, a joint venture between Samsung LED Co., Ltd. and Sumitomo Chemical Co., Ltd., has started construction of the factory in Daegu, 302 kilometers south of Seoul.
Samsung LED has announced that it will invest 500 billion won ($471 million) in key components for the production of LEDs with Sumitomo Chemical by 2015. The joint venture will provide stable sapphire substrates for Samsung LEDs, which are expected to be completed by the end of 2011, when more than 5 million sapphire silicon wafers will be produced.
It is reported that Sumitomo Chemical and Samsung LED's joint venture company in Korea is mainly responsible for the manufacturing, sales and R&D of LED sapphire substrates. The joint venture company will initially focus on LED sapphire substrates, and plans to become a general supplier of LED related materials.
The joint venture company has a capital of about 80 billion won, and Samsung LED and Sumitomo Chemical each hold 50% of the shares. It is estimated that it will invest 210 billion won in equipment investment. The monthly capacity forecast for the period from January to March 2012 will reach 120,000 pieces, and the 2012 revenue target will be 100 billion won.
Samsung LED has announced that it will invest 500 billion won ($471 million) in key components for the production of LEDs with Sumitomo Chemical by 2015. The joint venture will provide stable sapphire substrates for Samsung LEDs, which are expected to be completed by the end of 2011, when more than 5 million sapphire silicon wafers will be produced.
It is reported that Sumitomo Chemical and Samsung LED's joint venture company in Korea is mainly responsible for the manufacturing, sales and R&D of LED sapphire substrates. The joint venture company will initially focus on LED sapphire substrates, and plans to become a general supplier of LED related materials.
The joint venture company has a capital of about 80 billion won, and Samsung LED and Sumitomo Chemical each hold 50% of the shares. It is estimated that it will invest 210 billion won in equipment investment. The monthly capacity forecast for the period from January to March 2012 will reach 120,000 pieces, and the 2012 revenue target will be 100 billion won.
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