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Epistar to own Formosa Epitaxy

Taiwan's largest LED maker is set to grow a little bigger
Yesterday, shareholders of Formosa Epitaxy, a Taiwanese firm maker of InGaN LED wafers and chips, approved a merger with Epistar Corporation, Taiwan's largest LED manufacturer. Epistar will acquire a 100 percent stake in Formosa Epitaxy through a share swap, which will complete by December 30, 2014.

Epistar, which makes AlGalnP, InGaN, and AlGaAs EPI wafers and chips, and GaAsP chips, has been looking to increase its production capacity. Epistar's has 385 MOCVD sets. The acquisition of Formosa Epitaxy, will add a further 103 MOCVD sets with an additional monthly production capacity of more than 200,000 LED epitaxial wafers. 

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