Taipei, Oct. 26, 2009 (CENS)--Chairman P.W. Fu of LED chipmaker Tyntek Corp.
Corp. recently announced its planned takeover of epitaxy-wafer maker Ubilux Optoelectronics Corp. from computer-memory chipmaker PowerChip Semiconductor Corp. (PSC) to consolidate its strength in the LED industry. The takeover will be via stock swap, with one Tyntek share for 1.357 Obilux shares.

Fu said the acquired facility will focus on blue-wafer manufacturing and projected the factory to generate revenue of NT$800 million (US$24 million at US$1:NT$33) next year and NT$2.5 billion (US$75 million) by 2011, when it will increase the metal organic chemical vapor deposition (MOVCD) champers to 30.

The chairman also estimated the epitaxy-wafer operation, coupled with its sensor-chip operation, to help boost corporate revenue annually 50% over the next two years and gross profit margin to over 20%.

Diversifying into epitaxy-wafer and sensor-chip making, Tyntek Corp. will see by 2011 epitaxy-wafer manufacturing to constitute as much as 40% of its revenue.

Fu said PSC chairman Frank Huang`s personal network would help the epitaxy-wafer factory expand customer base and attract investment from private-equity firms.

(by Ken Liu)