Taiwan-based LED chipmaker Huga Optotech has re-elected the members of its board with fellow chipmaker Epistar taking three seats. Epistar is Huga's largest shareholder with a 46% equity interest.
Huga indicated that the company will expand its MOCVD equipment to a total of 60 sets at the end of 2010 and to 80 sets in 2011, and will adjust TV backlighting products to 10% of its total shipments at the end of the year and over 20% in 2011. High-brightness LED products currently represent 70-80% of Huga's revenues.
In regards to the shortage of sapphire substrates, Huga pointed out that in the future, it will cooperate with Epistar to strengthen both their positions in procurement, but added that order sharing between the companies is unlikely.
Huga expects second-half revenues to improve upon those of the first half. August revenues fell modestly sequentially and September figures will see flat growth, but it is bullish about growth in 2011.
