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Tekcore announces placement to fund MOCVD purchase

Tekcore has announced a placement to provide additional MOCVD machines to help meet a growing demand for its products.
LED chip manufacturer Tekcore has announced the placement of an additional 100 million shares worth NT$3 billion (£62.24 million) in order to fund the purchase of additional metal-organic chemical vapour deposition (MOCVD) machines.

The firm said that growing demand for its products in the backlighting sector in particular have led it to make this announcement.

By the end of the first quarter of 2010, the company hopes to have made significant investment in MOCVD and plans to own 38 machines - up from 27 at the end of 2009.

Increased demand for its high-brightness (HB) LEDs is also forecast to push up the company s revenue by 20 per cent over the first three months of the year to NT$160 million.

Tekcore was founded in 2000 and specialises in the development of HB LED technology.

The firm s products have a range of uses, such as primary light sources for fibre-optic cabling, LCD and projection backlighting, vehicle, interior and exterior lighting, as well as in large-scale displays and billboards.
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